Mr. Dev Randhawa reports

STRATHMORE ANNOUNCES CONVERTIBLE LOAN REINVESTMENT

Strathmore Plus Uranium Corp. intends to complete a convertible loan financing of up to $250,000, to be subscribed to by existing shareholder and management of the company. The financing facilitates the reinvestment of an existing convertible note under new terms, allowing the corporation to save funds in its treasury.

The financing will consist of an unsecured convertible promissory note having a term of 12 months from the closing date and bearing interest at the rate of 9 per cent per annum. During the first year, interest will accrue and be payable 12 months from the date of closing. No principal payments will be required until maturity. The principal amount of the Note will be convertible at the election of the noteholder into units at 30 cents consisting of one common share and one common share purchase warrant at any time up to the maturity date. Each warrant will have a term of two years from the date of issuance of the note and entitle the holder to purchase one common share. The warrants are exercisable for an additional share in the company at the price of 33 cents. As provided in Policy 5.2 of the TSX Venture Exchange Corporate Finance Policy Manual, interest will be convertible at the election of the noteholder into common shares of the company at the market price as at the time of conversion of the interest.

The financing is subject to regulatory approval of the TSX Venture Exchange along with completion of all definitive documentation and filings as required. All securities issued pursuant to the above will be subject to a hold period of four months plus one day following the closing.

The subscription of the note is to an insider and is considered to be a related party transaction subject to Multilateral Instrument 61-101. The company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of Multilateral Instrument 61-101 on the basis that participation in the financing by the insider will not exceed 25 per cent of the fair market value of the company's market capitalization.

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.

about Strathmore Plus Uranium Corp.

Strathmore has three uranium projects with approved exploration plans in Wyoming, including Agate, Beaver Rim and Night Owl. The Agate and Beaver Rim properties contain uranium in typical Wyoming-type roll front deposits based on historical and recent drill data. The Night Owl property is a former surface mine that was in production in the early 1960s.

We seek Safe Harbor.