Strathmore Minerals Corp. - Church Rock

Strathmore's 640 acre Church Rock Property was acquired from Rio Algom Corporation, successor to the Kerr McGee Nuclear Corporation, in 2004. By the mid-1980s, Kerr McGee had completed over 300,000 feet of drilling and had initiated plans to develop the project as a conventional underground mine. The project was later abandoned due to a prolonged weak uranium price.

In 2005, Strathmore completed a National Instrument 43-101 compliant resource estimate. The technical report further highlighted the potential for increasing the resource through additional exploration drilling. Earlier in the year, the Company opened a development office in Santa Fe, and began preparations for permitting this project. Work was subsequently abandoned when litigation challenging Uranium Resources Inc.'s (URI) plans to advance a neighbouring project, also known as Church Rock ensued. (See press release dated July 6, 2010 for further details) In June 2010, US Tenth Circuit Court of Appeals ruled in favour of Uranium Resources' ("URI") Church Rock project. An appeal to the Supreme Court petitioning for a review of the NRC license to conduct ISR mining at Church Rock was dismissed in November, 2010, clearing the way for URI to begin mine development. URI plans to begin production by mid-2013.

Church Rock, New Mexico: NI 43-101 Resource Estimate

Location	Previous Operator/Source (Date of Resource Estimate)	Resource Classification	Tonnage	Grade % U 3O 8	lbs/U 30 8
Church Rock, NM	Kerr McGee (1979) Rio Algom (1995) D. Fitch, 43-101 (2005)	NI 43-101 Measured NI 43-101 Indicated NI 43-101 Measured + Indicated NI 43-101 Inferred	1,680,000 4,541,000 6,221,000 1,951,000	0.10 0.10 0.10 0.10	3,233,000 8,615,000 11,848,000 3,525,00

The NI 43-101 resource estimates were taken from the NI 43-101 report entitled "Technical Report on the Strathmore Church Rock Uranium Property, McKinley County, New Mexico", dated December 12, 2005, and prepared by David C. Fitch, C.P.G., AIPG 7704, a qualified and independent person under National Instrument Policy 43-101. It should be noted that mineral resources which are not mineral reserves do not have demonstrated economic viability as defined by the NI 43-101 guidelines. The technical information in the above table has been prepared in accordance with the Canadian regulatory requirements set out in National Instrument 43-101 and reviewed by David Miller, Chief Executive Officer for Strathmore Minerals Corp., PG 363 Wyoming and Society for Mining, Metallurgy & Exploration Registered Member 2205106RM, a Qualified Person under National Instrument 43-101.