News Release

Vancouver, (CDNX: FMR) - The Board of Directors announces that the Company has returned 76 of 80 Goldstar Property mineral claims to the original property owners in return for removal of the 3% NSR provision attached to the four remaining claims acquired under the original option agreement along with assignment of title. Accordingly each party will own their respective claims free and clear of any encumbrances with no future obligations to each other. The four claims adjoin and complement the Company’s wholly owned, primary holding, the La Forma gold property, Yukon Territory.

The Company is actively seeking a joint venture partner to advance the La Forma gold property. Management continues to rationalize costs and reviews exploration and business opportunities on an ongoing basis.

For further information, please contact Chris Schultze at 604-331-3395.

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

© 2006 Strikewell Energy Corp.
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