Strathmore Minerals Corp ("Strathmore") is pleased to announce that it has entered into a letter of intent (LOI) with Tribune Resources Corp ("Tribune"), whereby Tribune will have the right to acquire a 60% interest in Strathmore's North Shore Property (the "Property"), located north of Lake Athabasca, in northeastern Alberta.

The Property encompasses approximately 280,000 acres located along the northwestern margin of the Athabasca Basin, within 10 km to the west of the Maurice Bay Uranium Deposit of Cameco Corporation. At Maurice Bay, Uranium Mineralization is reported to be structurally controlled within basement rocks and at the sub-Athabasca unconformity.

Historic exploration at the North Shore Property, which has included drill testing of lithogechemical anomalies, and alteration zones; ground and airborne geophysics; prospecting and geologic mapping; has identified over 200 uranium occurences and showings. The property has potential for Unconformity, Sub-Unconformity and Beaverlodge Type mineralization.

Strathmore's 2006/7 exploration program was intended to follow-up upon historic uranium occurences, to identify new alteration zones, or structures with potential to host significant uranium mineralization. Some highlights of Strathmore's 2006 Exploration Program include:

• 124 Rock Samples (Up to 1.39% U3O8)
• Over 90 locations with anomalous radioactivity examined
• 18 Line-km of grid completed
• Max-Min and IP Resistivity Survey(s) completed
• Airborne VLF and Magnetic Survey completed