Z Zinc One Resources Inc

STRONGHOLD METALS INC. (TSX VENTURE:Z)(OTCQX:SDMTF)(FRANKFURT:E9X) ("Stronghold"
or the "Company") - 


Stronghold is pleased to announce that pursuant to the terms of its Amended and
Restated Earn-In and Joint Venture Agreement (the "Amendment Agreement") with
Omai Gold Mines Ltd. ("OGML") and Eagle Mountain Gold Inc. ("EMGI"), affiliates
of IAMGOLD Corporation ("IAMGOLD") it has exercised the option to earn a 50%
interest in EMGI. The Company has the right to acquire up to 100% of the issued
and outstanding shares of EMGI. EMGI owns the Eagle Mountain Gold Property (the
"Property") in Guyana. The remaining 50% of EMGI is owned by OGML, a 95% owned
subsidiary of IAMGOLD. The Republic of Guyana ("Guyana") holds the remaining 5%
of OGML.


Highlights:



--  The Company has issued 7,500,000 shares to OGML, which share issuance
    together with prior cash payments (US$600,000) share issuances
    (4,000,000) to OGML and completion of exploration expenditure
    commitments (approximately US$3,500,000) on the Property have met the
    conditions for Stronghold to acquire 50% of EMGI and effectively an
    indirect 50% interest in the Property. Stronghold and OGML will become
    joint venture partners, with Stronghold continuing to act as Operator.
--  IAMGOLD indirectly through OGML (subject to Guyana's 5% interest) now
    owns approximately 15.6% of Stronghold's issued and outstanding shares
    and has become its largest shareholder.
--  Stronghold will have no further cash payments due to OGML in 2012.
--  Stronghold has a clear path to acquiring 100% of EMGI. Stronghold has
    the right to acquire the remaining 50% interest in EMGI on or before
    April 30, 2013 by paying OGML an additional US$1,000,000 in cash or
    shares, at the Company's discretion, as more particularly described in
    Stronghold's news release of January 16, 2012.
--  Stronghold has issued 635,105 shares to Guiana Shield Resources Inc. in
    respect of a finder's fee for the transaction.



Yannis Tsitos, President and CEO of Stronghold, stated: "Owning a 50% interest
in EMGI and having IAMGOLD indirectly become Stronghold's largest shareholder
represents a very significant milestone for Stronghold. We have a very good
relationship with IAMGOLD and look forward to their input on exploration and
development plans at Eagle Mountain. We intend to focus our resources on
progressing the project and rapidly moving it into the Pre-Feasibility
Study/Scoping Study stage. Of particular note is that we have no further cash
payment due to OGML in 2012 and can acquire the remaining 50% interest in EMGI
for only an additional US$1,000,000. We hope to shortly commence work on an
updated NI 43-101 Resource update."


All securities issued above are subject to a hold period expiring July 31, 2012.

For further information on the Eagle Mountain Property and on Stronghold, please
refer to the Company's corporate presentation and news releases on its website
at www.strongholdmetals.com.


On behalf of The Board of Directors of Stronghold Metals Inc.

Ioannis (Yannis) Tsitos, President, CEO & Director

Statements contained in this news release may constitute forward-looking
statements. Such forward-looking statements are based upon the Company's
reasonable expectations and business plan at the date hereof and are subject to
change depending on economic, political and competitive circumstances and
contingencies. Readers are cautioned that such forward-looking statements
involve known and unknown risks, uncertainties and other factors that may cause
a change in such assumptions and the actual outcomes and estimates may be
materially different from those estimated or anticipated future results,
achievements or positions expressed or implied by those forward-looking
statements. The Company disclaims any intention or obligation to update or
revise any forward-looking statements whether as a result of new information,
future events or otherwise.

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