Stage: Exploration and Development Pipeline

The Company's Church Rock property, located on the western side of the Grants Mineral Belt, was acquired in 2004 along with the Kerr McGee data base. Historical production in the Church Rock and nearby Crownpoint area exceeded 16 million pounds.

A NI 43-101 technical report for Church Rock was completed in December 2005. It reports a Measured & Indicated resource totaling 11.8 million pounds contained within 6.2 million tons grading .10% U3O8 per ton, which is nearly double the previously reported historical resource. The technical report further highlighted the excellent potential for increasing the resource through additional exploratory drilling

Strathmore began permitting the Church Rock property in 2006, but deferred any further work after a neighbouring company was challenged in the courts regarding the development of their project, despite having a Nuclear Regulatory Commission (NRC) license to proceed. A court decision is expected this year. Strathmore is monitoring activity as the litigation proceeds.