Recently, Strathmore drilled and completed eight overburden characterization holes on the property. Two holes, drilled to a depths of 380 and 410 feet, collected core samples over their entire lengths. Analysis of these core samples will help Strathmore define the uranium mineralization and overburden materials to support the design of an open pit mining operation on the George-Ver property. All of the monitor wells and overburden holes were probed by the Company-owned geophysical truck for gamma, spontaneous-potential, and resistivity.

Uranium mineralization was encountered from near surface (approximately 30 feet) to depths of 270 feet. The planned open-pits will range from depths of 160 feet on the north end to 300 feet on the south end of the project. The grades identified were generally consistent with historical data and were found in a range between a low of 0.020% eU3O8 and a high of 1.218% eU3O8. Of significance, was the gamma signature and indication of three, stacked roll fronts in monitor well hole number GV #2. This monitor well is located over 1/2 mile west of the planned open-pit mining area. Strathmore anticipates that planned development drilling will further define this occurrence and that future exploration may delineate additional nearby uranium mineralization that can be later incorporated into the George-Ver mine plan.

Completed and continuing permitting activities at the Property include cultural (archeology), floral-faunal, meteorological and air-sampling studies, and geologic and engineering designs of the planned open-pits. Strathmore anticipates completing and submitting its mine permit application to the WY-DEQ during the first quarter, 2009.

With respect to the uranium market, spot uranium prices may have turned the corner, rising another 7% last week to US $64/lb, according to the Ux weekly report. The long-term contract price, which accounts for approximately 80% of worldwide uranium sales, has remained stable in the higher US $80-85/lb. range. In light of record petroleum prices and the need for fairly priced, reliable energy, the per barrel energy equivalent of a pound of uranium is still less than $3.00 per barrel. The aggressive nuclear programs underway outside the United States are expected to apply increased demand pressure for yellowcake over the long-term.

STRATHMORE MINERALS CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties. Headquartered in Kelowna, British Columbia, 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 Venture Exchange under the symbol "STM".

This news 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 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: 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, the Gas Hills 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. Strathmore Minerals Corp. disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

ON BEHALF OF THE BOARD

David Miller, CEO

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

Contacts:
Strathmore Minerals Corp.
Craig Christy
Investors Relations
1-800-647-3303

Strathmore Minerals Corp.
Bob Hemmerling
Investors Relations
1-800-647-3303
Email: info@strathmoreminerals.com
Website: www.strathmoreminerals.com

SOURCE: Strathmore Minerals Corp.

mailto:info@strathmoreminerals.com
http://www.strathmoreminerals.com

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