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Thursday, September 18, 2008

StrataGold Corporation raises $651,000 in non-brokered financing

Comtex

VANCOUVER, Sep. 18, 2008 (Canada NewsWire via COMTEX) ----/NOT FOR DISSEMINATION IN THE UNITED STATES OR TO US NEWS WIRE SERVICES/

StrataGold Corporation (TSX: SGV) (the "Company") is pleased to announce that it has closed a $651,000 non-brokered private placement offering.

StrataGold issued 9,300,000 common shares at $0.07 per share to raise proceeds of $651,000. Newmont Mining Corporation of Canada Limited ("Newmont") purchased 2,857,143 of the common shares issued. All securities issued at closing are subject to a four-month hold period, expiring on January 18, 2009.

Proceeds of the financings will be used for exploration on the Company's BRL Venture property in Guyana (a joint venture with Newmont Overseas Exploration Limited a subsidiary of Newmont Mining Corporation - NYSE & ASX: NEM; TSX: NMC), exploration/engineering on the Company's Tassawini Project, Guyana, working capital and general corporate purposes.

Newmont or its affiliates now hold a total of 27,440,477 common shares representing 14.96% of StrataGold's issued and outstanding common shares as of September 17, 2008. Newmont has acquired the StrataGold common shares for investment purposes only and not for the purpose of influencing the control or direction of StrataGold, however, Newmont will review its holdings from time to time and may increase or decrease its position as future circumstances dictate.

About StrataGold

StrataGold is a gold development company focused on the systematic exploration and development of two advanced stage gold projects and the BRL Venture with Newmont in Guyana. To obtain additional information please visit: www.stratagold.com.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "US Securities Act") or any state securities laws and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.

Statement Regarding Forward Looking Statements

This news release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates,", "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking statements in this document include statements regarding the Company's proposed use of proceeds from its private placement and the Company's proposed exploration activities. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of their respective dates. Important factors that could cause actual results to differ materially from the Company's expectations include, among others, risks related to fluctuations in mineral prices; fluctuations in financial markets; and other risks and uncertainties discussed under the heading "Risk Factors" and elsewhere in the Company's documents filed from time to time with the Toronto Stock Exchange and Canadian securities regulators. These statements are based on a number of assumptions, including assumptions regarding general market conditions, the availability of financing for proposed transactions and programs on reasonable terms, and the ability of outside service providers to deliver services in a satisfactory and timely manner. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as expressly required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

SOURCE: STRATAGOLD CORPORATION

Terry Tucker, President and CEO; Vanessa Pickering, Manager, Investor Communications,
   StrataGold Corporation, Tel: (604) 696-6601, E-mail: info@stratagold.com, Website:
   www.stratagold.com

Copyright (C) 2008 CNW Group. All rights reserved.

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