Strathmore & KEPCO Continue Phase I Gas Hills Program

Strathmore & KEPCO Continue Phase I Gas Hills Program 
KELOWNA, BRITISH COLUMBIA -- (Marketwire) -- 02/04/13 -- Strathmore
Minerals Corp. (TSX:STM)(OTCQX:STHJF) ("Strathmore" or "the Company")
and Korea Electric Power Corp. ("KEPCO") are continuing with work on
Phase I of the Gas Hills exploration, development and permitting
program. Originally scheduled for completion at the end of January
2013, approximately US $1.7 million remains in the Phase I budget,
which will be applied to ongoing permitting and follow-up drilling of
the Main Gas Hills Properties. Drilling is now planned to resume in
March, with completion expected in the second quarter of 2013. On
completion and review of the Phase I program results, KEPCO can elect
to participate in Phase II by funding US $12 million in the first
year of the Phase II program. 
Chlumsky, Armbrust & Meyer LLC ("CAM") of Denver, Colorado, author of
the initial NI 43-101 Gas Hills technical report, dated July 31 2012,
is currently updating the Main Gas Hills Properties resource
estimate, based on the recommended Phase I drilling and ongoing work
completed in 2012. CAM's newly updated report will be completed
during the quarter. 
About Gas Hills, Wyoming 
The Gas Hills Uranium District in Wyoming was the second largest
uranium producing region in the United States, having produced 100
million pounds of uranium concentrates from 1957-1989. Strathmore
controls over 34,000 acres of mineral claims in the Gas Hills,
including approximately 16,000 acres in the highly prospective,
relatively unexplored "Beaver Rim", located to the south of the Main
Gas Hills Properties. Strathmore submitted a mine permit application
for the Main Gas Hills Properties in Q4, 2012. 
Strathmore holds a 100% interest in the Gas Hills Properties. Upon
completion of the Phase I US $8 million program, KEPCO can elect to
participate in a Phase II program, and earn-in up to a 40% interest
in the project by incurring US $32 million in expenditures over three
The technical information in this news release has been reviewed by
David Miller, Chief Executive Officer for Strathmore Minerals Corp.,
and a Qualified Person under National Instrument 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". 
Korea Electric Power Corporation (KEPCO) is a Korean
government-invested diversified energy company with over US$120
billion in assets. The company is involved in the generation,
transmission and distribution of electrical power from nuclear,
hydro, coal, oil and LNG sources worldwide. Korea Electric Power
provides electricity to almost all households in Korea and operates
21 nuclear power plants in the country with seven more under
development. The company has over 46,000 employees and is listed on
the Korean Stock Exchange and the New York Stock Exchange.
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 Strathmore's National
Instrument 43-101 Technical Report, Gas Hills Uranium Project,
Fremont and Natrona Counties, Wyoming USA", dated July 31, 2012,
exploration and development plans, outlook and business strategy. 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: calculation of 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
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. 
David Miller, CEO
Strathmore Minerals Corp.
Craig Christy
Investor Relations
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