TORONTO,
July 3, 2012 /CNW/ - Strata
Minerals Inc. (TSX-V: SMP) ("Strata" or the "Company") is
pleased to announce that the Western Australia Department of Mines
and Petroleum has granted three tenements on the Company's 80%
owned Cardabia Phosphate Project located near Exmouth in
Western Australia (the "Cardabia
Project"). Two of these tenements (E08/2301 and E08/2302)
cover the entire area subject to the planned Phase 1 field work on
the Cardabia Project. The third tenement (E08/2322) lies
immediately to the west of E08/2301 and E08/2302 and covers an area
of potential expanded exploration work subject to the results of
the planned Phase 1 field work.
The granting of tenements E08/2301 and E08/2302,
which were previously exploration license applications, is part of
the final approvals required for the Company to obtain permits to
commence the Phase 1 field work. The remaining part of the
approval process is a site survey to be conducted with the Gnulli
aboriginal community as announced in the Company's news release
dated June 20, 2012. The
Company anticipates the survey to occur within the next month.
"Peter Kozicz"
President, CEO
About Strata Minerals Inc.
Strata Minerals Inc., is an emerging, Australasia focused,
agricultural nutrient company exploring for commercial scale
phosphate rock mineralization deposits. Armed with the
objectives of becoming a supplier to the global fertilizer industry
and generating wealth for its shareholders, Strata is currently
advancing its phosphate exploration projects in Western Australia and Queensland and intends to broaden its focus to
other agricultural nutrients including potash and lime. All
references to the Company in this release include the Company's
wholly owned Australian subsidiary, Strata Minerals Pty Ltd.
For further information, please refer to the Company's website at
www.strataminerals.com.
Special Note Regarding Forward-Looking
Statements
Certain statements included herein constitute
forward-looking statements. The words "expect", "intend",
"anticipate", "propose" and "may" and similar expressions identify
forward-looking statements. Forward-looking statements include,
among other things, statements regarding the development and
operation of Strata's mineral properties. Forward-looking
statements are necessarily based upon a number of estimates and
assumptions. While such estimates and assumptions are considered
reasonable by the management teams of Strata, they are inherently
subject to significant business, economic, competitive and
regulatory uncertainties and risks and accordingly may not occur as
described herein or at all. Investors are cautioned that
forward-looking statements are not guarantees of future performance
or events and, accordingly are cautioned not to put undue reliance
on forward-looking statements due to the inherent uncertainty of
such statements.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this news release.
SOURCE Strata Minerals Inc.