Strathmore Minerals Corp. - Gas Hills

Gas Hills, Wyoming (Strathmore 100%)

Strathmore and Cameco are the dominant land holders in the Gas Hills Uranium District. With over 35,000 acres of mineral claims, the Company regards this project as a core holding for the development of future long-term uranium production in the United States. Historically, the Gas Hills was the second largest uranium producing region in the United States, having produced in excess of 100 million pounds of uranium concentrates from 1957-1989. Key personnel including John DeJoia, Sr. VP New Mexico Operations, Jim Crouch, VP Wyoming Operations and Tom Powell, Strathmore's Senior Landman, all have extensive mining experience in the Gas Hills during the 1970's and 1980's.

Strathmore has been actively advancing its mine permit application for submittal to the State of Wyoming and a Source Materials License application to the US Nuclear Regulatory Commission.

Location	Previous Operator/Source (Date of Resource Estimate)	Resource Classification	Tonnage	Grade % U 3O 8	lbs/U 30 8
Main Gas Hills, Wyoming	Federal American Partners (1984) & Pathfinder (1996)	Historical*	10,800,000	0.08	16,200,000

*The foregoing historical resource estimates presented in the table above were completed prior to the implementation of the NI 43- 101 requirements. Given the quality of the historic work completed in the Main Gas Hills Properties, the Company believes the resource estimates to be both relevant and reliable. However, a qualified person has not completed sufficient work to classify the historic mineral resources as current mineral resource, and the Company is not treating the historic resources as current. Hence, they should not be relied upon. It should be noted that mineral resources which are not mineral reserves do not have demonstrated economic viability. 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.

In 2011, Strathmore has budgeted approximately US $4.0 million for field activities including: confirmation, expansion and pit delineation drilling, monitor well installation, and collection of core samples for metallurgical testing at George Ver, Day Loma, Loco-Lee, Bullrush, and Rock Hill, and Loco-Lee. The Sagebrush-Tablestakes is under evaluation for a uranium recovery facility. Geotechnical drilling and monitor well installation has been completed