Tuesday, May 15, 2007
Strathmore Acquires Additional Near-Surface Uranium Deposits in the Gas Hills, Wyoming: Historical Resource Exceeds 2.7 Million Pounds

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STRATHMORE MINERALS CORP. (the "Company") is pleased to announce that the Company has recently acquired two additional areas of known mineralization in the Gas Hills Uranium District, Wyoming; by staking lode mining claims on lands administered by the U.S. Bureau of Land Management. The Gas Hills Uranium District was one of the most prolific producing areas in the United States during the last uranium cycle, with total production exceeding 100 million pounds. The majority of this production was from conventional open-pit mining, and to a much lesser extent by underground and in-situ recovery. The Gas Hills area is located 45 miles east of Riverton Wyoming, home of the Company's US exploration and development office. The two claimed properties, Andria and East Day Loma, were extensively drilled in the 1960s and 1970s and scheduled for open-pit development during the early 1980s. The Andria ore body was previously drilled by Federal American Partners (FAP) and the East Day Loma pits were delineated by Energy Fuels Inc. The uranium is hosted within roll-front deposits of the Eocene Wind River Formation sandstones, from surface to 500 feet deep. Significant infrastructure exists on and near the acquired properties, including haulage roads and electrical power lines.

According to historical documents, the Andria Ore Body contains 949,100 lbs. U3O8 and the East Day Loma property contains 1,940,945 lbs. U3O8. The new properties are in close proximity to the Company's existing Gas Hills deposits, which include the Bull Rush, Loco-Lee & George Ver claims with a historical resource estimate of 6,131,504 tonnes at an average grade of 0.069% U3O8 (8,440,490 lbs U3O8; see press release of November 9, 2006 for additional details) and the Frazier LeMac Property with a historical resource estimate of 696,327 tonnes at an average grade of 0.11% U3O8 (1,522,000 lbs U3O8; see press release of Feb 1, 2007 for additional details) . The following tables summarize the historic resources for the two new properties. The resources shown for East Day Loma are for only that mineralization contained within four previously designed pits; historical drill-hole location maps (with +mineralized intercept data) show considerable mineralization surrounding the designed pits, with a potential to significantly increase the known resources there.

Andria Ore Body (Historical Records)

Resource	Tons	Ave grade %	Pounds
Demonstrated	346,041	0.06%	423,150
Indicated	393,524	0.07%	525,950
TOTAL	739,565	0.06%	949,100

Resources area of influence (AOI). Resource estimated using equi-distance polygon method. Source: Federal American Partners: internal document, 1984
Demonstrated: 100 ft x 100 ft AOI (<10,000 ft2)
Indicated: 200 ft x 200 ft AOI minus Demonstrated (max. 30,000 ft2)
Cutoff grade: 0.035% and 2 ft.

East Day Loma Resources (Historical Records)

	Proven			Probable			Total
	Tons	Grade	Pounds	Tons	Grade	Pounds	Tons	Grade	Pounds
SE trend	97,668	0.22%	437,775	173,486	0.21%	743,141	271,154	0.22%	1,180,916
NE D-3	33,063	0.23%	153,007	47,433	0.23%	217,276	80,496	0.23%	370,283
NE D-1 Pit	16,130	0.23%	74,818	30,822	0.21%	131,768	46,952	0.22%	206,586
S D-1 Pit	12,225	0.16%	38,298				12,225	0.16%	38,298
D-26 Area				45,269	0.16%	144,862	45,269	0.16%	144,862
TOTAL	159,086	0.21%	703,898	297,010	0.21%	1,237,047	456,096	0.21%	1,940,945

Resource areas of influence (AOI). Resource estimated using the circle tangent method. Source: Energy Fuels Inc.: Internal document, 1978
Proven: 50 ft x 50 ft AOI (<2,500 ft2) {25 ft drill spacing)
Probable: Area contained between the proven resources (proven AOI connected by tangential lines)
Cutoff grade: 0.03% and 2 ft.

The Company is currently reviewing its options with respect to the exploitation of these historic resources, and others in the Gas Hills, and it is in the process of acquiring the historic drill data, which will enable the preparation of an independent NI 43-101 technical report for the projects.

The foregoing historical resource estimates presented above were completed prior to the implementation of the NI 43-101 requirements; however, given the high quality of the historic work completed, the respective mining companies' reputations, and the production history of the Gas Hills Uranium District, the Company believes the resource estimates to be both relevant and reliable. In addition, a qualified person has not completed sufficient work to classify these historic mineral resources as current mineral resources; and the Company is not treating the historic resources as current. Hence, the historical estimates should not be relied upon. The technical information in this news release has been prepared in accordance with the Canadian regulatory requirements set out in NI 43-101 and reviewed by David Miller, President and Chief Operating Officer for Strathmore Minerals Corp., a qualified person under NI 43-101 guidelines.

STRATHMORE MINERALS CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of uranium properties. Headquartered in Kelowna, British Columbia, the Company also has U.S. based Development Offices in Riverton, Wyoming and Santa Fe, New Mexico. STRATHMORE MINERALS CORP Common Shares are listed on the TSX Venture Exchange under the symbol "STM".

This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

ON BEHALF OF THE BOARD

"David Miller"
David Miller, President & COO

Investors Relations

Bob Hemmerling/Craig Christy
1-800-647-3303
info@strathmoreminerals.com
www.strathmoreminerals.com

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