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Strike Diamond Corp
Symbol SRK
Shares Issued 30,247,349
Close 2015-10-05 C$ 0.04
Market Cap C$ 1,209,894
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Strike Diamond stakes 10,065 acres to Garland camp

2015-10-06 15:03 ET - News Release

Mr. Ryan Kalt reports

STRIKE DIAMOND CORP. ANNOUNCES 10,000 ACRE EXPANSION OF GARLAND CAMP POSITION

Strike Diamond Corp. has quadrupled its mineral tenure position in the Garland exploration district in Labrador, with new tenure adding a further 10,000 acres of holdings in the area. As a result, Strike Diamond now controls a Garland tenure position exceeding 13,400 acres. The new ground is contiguous with both Equitas Resources Corp. and Athabasca Nuclear Corp., two other prominent exploration companies in the area.

"Strike Diamond has achieved its near-term objective of becoming a major tenure participant in the Garland exploration camp. In addition to the specific Garland projects we previously announced, this large tenure block provides us important scale to explore for new nickel-cobalt-platinum-group-metal targets in a setting that is located less than 25 kilometres from the producing Voisey's Bay mine. In addition, we have successfully captured strategic tenure that is adjacent to Equitas Resources' Garland project, where they are currently drilling and recently staked more ground," stated Ryan Kalt, chairman and chief executive officer of Strike Diamond.

New Garland camp tenure

The newly acquired mineral tenure consists of five new tenure claims (023464M, 023465M, 023466M, 023467M and 023468M) comprising a combined total of 165 claim parcels representing approximately 10,065 acres.

The new Garland camp tenure announced in this press release was acquired by Strike Diamond by way of staking, and, as a result, there are no cash or share payments due to optionors. In addition, the new mineral tenure is royalty free.

We seek Safe Harbor.

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