Strathmore Submits Gas Hills, Wyoming Uranium Mine Permit

Strathmore Submits Gas Hills, Wyoming Uranium Mine Permit Application 
KELOWNA, BRITISH COLUMBIA -- (Marketwire) -- 11/06/12 -- STRATHMORE
MINERALS CORP. ("Strathmore" or the "Company") (TSX:STM)(OTCQX:STHJF)
announces that it has submitted a mine permit application for the
proposed development of its open pit uranium project in the Gas Hills
Uranium District of Wyoming. This property comprises over 35,000
acres and includes multiple, shallow, mineralized deposits with a
National Instrument 43-101 (NI 43-101) compliant resources. The
application provides an overall plan for the sequential development
of these shallow open pit deposits. The Company believes that Gas
Hills is one of the best undeveloped uranium districts in the United
States.  
Strathmore's Gas Hills mine permit application was completed with the
financial support of Korea Electric Power Corporation (KEPCO).
Earlier this year, KEPCO became the Company's largest shareholder
after entering into a strategic agreement, which included a private
placement of Strathmore common shares, and a two phase plan for
advancement of the Gas Hills development project (see press release
dated January 31, 2012). The 2012 Phase 1 portion of this strategic
agreement budgeted US$ 8 million for the exploration, development,
permitting and upgrading of historical mineralized estimates to NI
43-101 compliant resources. Phase I work is ongoing, and KEPCO has
the option to enter into Phase II and can earn up to a 40% interest
in this project by spending US$ 32 million over the next 3 years upon
the completion of Phase I in early 2013.  
David Miller, Strathmore's CEO commented, "The Gas Hills mine permit
submission represents a major milestone in the Company's uranium
development plans. This permit is unique in the 59 year history of
the Gas Hills uranium district. The 100 million pounds that were
produced by over 10 companies on dozens of properties contained
enough fission energy to power nearly 100% of the US electric grid
for over a year. This permit consolidates areas permitted in the past
by 5 different companies with 6 different mine permits. The old
permits were held by companies such as Utah International (General
Electric, Pathfinder Mines Corp, AREVA), Union Carbide Corp, Western
Nuclear (Phelps Dodge Cor
p), Federal American Partners (TVA), and
others. All areas will now be regulated under the one Strathmore
permit as we move further into the 21st Century. With the continued
support of KEPCO, the local Riverton community, and the state and
federal regulators, we believe that Strathmore's Gas Hills properties
can again help to resume this district's role as a leading provider
of reliable domestically sourced uranium to help meet the country's
long-term energy needs." 
The mine permit application was submitted on October 31st to the
state of Wyoming Department of Environmental Quality (WDEQ) and the
US Bureau of Land Management (BLM). The submission includes
documentation addressing, among other things, environmental issues,
public health, and safety concerns in significant detail. The team
will continue to work closely with state and federal regulators to
ensure that environmental, public health, and safety concerns meet or
exceed regulatory requirements.  
Gas Hills: Project Summary 
The properties which comprise the Company's Gas Hills Uranium Project
were acquired during 2004 - 2007. Recently Strathmore completed an
initial NI 43-101 resource estimate for two of the seven known
historic mineralized areas in the main Gas Hills (see press release
dated August 29, 2012). The technical report containing NI 43-101
resources for our Gas Hills Project can be viewed on SEDAR at
www.sedar.com. On completion of the confirmation drilling portion of
the Phase I program, the Company intends to update its NI 43-101
resource estimates in the main Gas Hills area.  
The technical information in this news release has been prepared in
accordance with the Canadian regulatory requirements set out in NI
43-101 and reviewed by David Miller, CEO for Strathmore Minerals
Corp., a qualified person under NI 43-101. 
STRATHMORE MINERALS CORP. is a Canadian based resource company
specializing in the strategic acquisition, exploration and
development of mineral properties in the United States. Headquartered
in Vancouver, British Columbia with a branch administrative office in
Kelowna, the Company also has U.S. based Development Offices in
Riverton, Wyoming and Santa Fe, New Mexico.  
STRATHMORE MINERALS CORP. Common Shares are listed on the TSX under
the symbol "STM" and trade on the OTCQX International electronic
trading system in the United States under the symbol "STHJF". 
This press release contains "forward-looking information" that is
based on Strathmore Minerals Corp.'s current expectations, estimates,
forecasts and projections. This forward-looking information includes,
among other things, statements with respect to the exploration,
drilling results, development, and permitting plans for the Company's
Gas Hills properties, production of uranium from the Gas Hills
district, the anticipated timing for completion of the Phase I work,
the sequencing plans for development of the project and the intention
to update the resource estimates at Gas Hills. The words "may",
"would", "could", "should", "will", "likely", "expect," "anticipate,"
"intend", "estimate", "plan", "forecast", "project" and "believe" or
other similar words and phrases are intended to identify
forward-looking information. 
Forward-looking information is subject to known and unknown risks,
uncertainties and other factors that may cause Strathmore's actual
results, level of activity, performance or achievements to be
materially different from those expressed or implied by such
forward-looking information. Such factors include, but are not
limited to: uncertainties related to the historical resource
estimates, the work expenditure commitments; the ability to raise
sufficient capital to fund future exploration or development
programs; changes in economic conditions or financial markets;
changes in input prices; litigation; legislative, environmental and
other judicial, regulatory, political and competitive developments;
technological or operational difficulties or an inability to obtain
permits required in connection with maintaining, or advancing
projects; and labour relations matters. 
This list is not exhaustive of the factors that may affect our
forward-looking information. These and other factors should be
considered carefully and readers should not place undue reliance on
such forward-looking information. Such forward-looking statements are
made as of the date of this press release and the Company assumes no
obligation to update or revise them to reflect new events or
circumstances, except as required by law. 
ON BEHALF OF THE BOARD: 
David Miller, CEO 
Contacts:
Strathmore Minerals Corp.
Craig Christy
Investor Relations
1-800-647-3303
info@strathmoreminerals.com
www.strathmoreminerals.com
 
 
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