Suite 860 ? 625 Howe Street, Vancouver, BC, Canada V6C 2T6
Tel: 604 668 8355 Fax: 604 668 8366
News Release
STRONGBOW SIGNS OPTION AGREEMENT FOR ITS
INZA CU-AU PROJECT, BRITISH COLUMBIA
April 27, 2011
Trading Symbol: TSXV: SBW
#11-08
Strongbow Exploration Inc. (SBW: TSXV) is pleased to announce it has entered an agreement with Xstrata Copper Canada, allowing Xstrata the option to earn up to a 75% interest in Strongbow?s Inza copper-gold property, located in the Quesnel Trough region of central British Columbia. The 6,104 ha property is road accessible, approximately 54 km north-northwest of the community of Fort St. James. Exploration work completed by Strongbow has identified a 1,100 by 1,200 metre, drill ready copper-gold porphyry target on the property and Xstrata intends to complete a drilling program during the 2011 summer field season. All required approvals and permits are in place for the drilling program.
Under the terms of the agreement, Xstrata may earn an initial 51% interest by making staged cash payments to Strongbow totalling $100,000 and incurring cumulative exploration expenditures totalling $1.1 million over a 4 year period. Upon vesting at a 51% interest in the property, a joint venture will be formed and Xstrata will maintain the right to earn a further 24% interest (75% interest total) by funding the completion of a pre-feasibility study and a feasibility study or incurring $20 million in expenditures towards the completion of a prefeasibility study and a feasibility study on the property.
Strongbow?s 2011 exploration programs are conducted under the supervision of David Gale, P.Geo. (BC), Vice-President of Exploration for Strongbow and a qualified person under NI 43-101.
STRONGBOW EXPLORATION INC.
/s/?Kenneth A. Armstrong?
Kenneth A. Armstrong
President and CEO
For further information, please contact:
Ken Armstrong
David Gale
Vice-President, Exploration
Tel: 604 668 8355
Email: info@strongbowexploration.com
Website: www.strongbowexploration.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
Strongbow is a nickel and copper exploration company based in Canada.
Strongbow holds various exploration projects in Canada.
Its main exploration properties are COMMITEE BAY, KAT, INZA, SNOWBIRD, SPENCES BRIDGE GOLD BELT, SHOVELNOSE, NAPAKTULIK, FURY, SARCPA, SKOONKA CREEK, SOUTH THELON, STARFISH, WALES ISLAND, BEAR, DARING LAKE, HOPE BAY (ORO), TREE RIVER, ANIALIK, CANOE LAKE, KINGORA, LDG, TENACITY SOUTH, NORTH THELON, JEWEL, MUSK, NOWYAK LAKE, GEM, ULU SOUTH, MIDWAY GOLD PROJECT, BLUE LAKE, REGAN LAKE, NICKEL KING, MELVILLE - FURY/ SARCPA/ GEM, MELVILLE PENINSULA AVIAT 2 and WEST KITIKMEOT (NTI PROPERTIES) in Canada and AVOCA and PARKER (NORTH CAROLINA) in Ireland.
Its stock quote reached its lowest recent point on November 21, 2008 at CA$ 0.02, and its highest recent level on February 18, 2011 at CA$ 8.00.
Strongbow has 60 570 000 shares outstanding.