Newstrike Resources Ltd. Announces Acquisition of Patented Claims in Kirkland Lake Area

TORONTO, ONTARIO, Apr 17 (MARKET WIRE) --
Newstrike Resources Ltd. (TSX VENTURE: NR) ("Newstrike") is pleased to
announce that it has entered into an acquisition agreement with Jaques
Day, Gerald F. Day, Thomas S. Day, J. David Day, Blair Day (together, the
"Vendors") and certain other parties, pursuant to which Newstrike has
agreed to acquire a 100% legal and beneficial interest in the property to
be known as the Kirkland Lake East property, subject to a 2% net smelter
royalty ("NSR"). The property is located in the Larder Lake mining
division of northeastern Ontario, and was formerly held by Morris
Kirkland Gold Mines Limited.

As consideration for the purchase of the property, Newstrike has agreed
to make a cash payment of $75,000 and issue an aggregate of 250,000
common shares. Newstrike may also purchase 50% of the NSR at any time
upon payment of $500,000. The transaction remains subject to the approval
of the TSX Venture Exchange.

The property is situated approximately eight miles east of Kirkland Lake,
Ontario on the Kirkland Lake-Rouyn highway (Highway 66) and consists of
six patented mining claims with two shafts (#1 shaft to approximately 100
feet, and #2 shaft to approximately 1,625 feet).

The mineralization of the property identified to date is contained in
bands of porphry and trachytes of the Temiskaming age following a well
defined fault zone. There are two parallel porphry zones located
approximately 180 feet apart.

Gold occurs with sulphides, mostly pyrite and chalcopyrite, in both the
porphry and trachytes.

From October, 1936 until November 15, 1941, Morris Kirkland Gold Mines
Limited milled 125,300 tons of ore and recovered 16,699 ounces of gold
and 29,300 ounces of silver from the property indicating a grade of 0.13
ounces per ton of recoverable gold as well as approximately 0.23 ounces
per ton of recoverable silver.

On the upper level, a parallel vein was developed 180 feet east of the
main ore zone. This was mined to a small extent from the 125 feet, 250
feet and 375 feet levels.

Drilling from underground below the 1,625 feet level indicates that the
mineralization continues to at least 2,000 feet as three diamond drill
hole intercepts assayed 0.13 ounces per ton over 17.5 feet, 0.125 ounces
per ton over 28.5 feet and 0.06 ounces per ton over 12.5 feet (based upon
intercepts, not true widths).

The above-noted work was completed before 1941 and the property has
remained idle since such time. The above results predated National
Instrument 43-101, however Newstrike considers such results to still be
relevant as they indicate the potential for mineralization on the
property. Newstrike considers such technical data to be reliable due to
the fact that it has been derived from a report authored by Nelson Hogg,
Resident Geologist, Ontario Department of Mines, Timmons, Ontario, 1950.
All scientific and technical data contained in this press release has
been prepared under the supervision of Len Cunningham, consulting
geologist to Newstrike and a "qualified person" within the meaning of
National Instrument 43-101 of the Canadian Securities Administrators.

In other news, Newstrike is pleased to announce that it anticipates
commencing drilling activities on the Jean Property in late May or early
June, 2008. The Jean Property is located within the Omineca Mining
District, British Columbia. In order to acquire a 100% interest in the
Jean Property, Newstrike was originally required to make cash payments
totaling $340,000 over a four year period (including a payment of $50,000
(the "Cash Payment") on or prior to July 5, 2008), issue an aggregate of
500,000 common shares over a three year period (including 150,000 common
shares (the "Share Issuance") to be issued on or prior to July 5, 2008),
and incur aggregate exploration expenditures on the property of
$1,500,000 over a four year period (of which $300,000 (the
"Expenditures") were to be expended prior to July 5, 2008) (see press
release of Newstrike dated April 23, 2007). Further to an addendum to the
original agreement (the "Addendum") subsequently entered into amongst
Ragnar U. Bruaset & Associate Ltd. and D.L. Cooke & Associates Ltd.
(together, the "Optionors") and Newstrike, Newstrike agreed to issue to
the Optionors an additional aggregate of 40,000 common shares in
consideration of an extension of the time periods for the completion of
the above-noted Cash Payment, Share Issuance and Expenditures originally
due on July 5, 2008, as a result of which such Cash Payment, Share
Issuance and Expenditures are now required to be completed on or prior to
October 31, 2008 (subject to the approval of the TSX Venture Exchange).

For further information please visit www.newstrikeresources.com.

Forward Looking Statements - Certain information set forth in this news
release may contain forward-looking statements that involve substantial
known and unknown risks and uncertainties. These forward-looking
statements are subject to numerous risks and uncertainties, certain of
which are beyond the control of Newstrike, including, but not limited to
the impact of general economic conditions, industry conditions,
volatility of commodity prices, risks associated with the uncertainty of
resource and reserve estimates, currency fluctuations, dependence upon
regulatory approvals, the availability of future financing and
exploration risk. Readers are cautioned that the assumptions used in the
preparation of such information, although considered reasonable at the
time of preparation, may prove to be imprecise and, as such, undue
reliance should not be placed on forward-looking statements.

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

Contacts:
Newstrike Resources Ltd.
Donald Rankin
Director
(416) 628-6556
Website: www.newstrikeresources.com

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