SKP Strikepoint Gold Inc

CALGARY, March 22 /CNW/ -- (TSXV: SKP) (OTCQX: STKXF)   CALGARY, March 22 /CNW/ - StrikePoint Gold (TSXV: SKP) (OTCQX: STKXF) announces that it will not acquire an interest in the Poundmaker property not having completed the 2010 and 2011 expenditures required to earn an interest in the property. Wildcat Exploration Ltd. (TSXV: WEL) has been advised of this decision and both companies are working cooperatively to transfer technical data and assessment work documentation to maintain the claims in good standing. The Poundmaker Property was being explored under the provisions of an option agreement with Wildcat Exploration (See Press Release February 26, 2010). StrikePoint's decision to limit optional expenditures were external to the merits of the Poundmaker property, namely the decision to focus on the Strike Point Property joint venture with San Gold Corporation (TSX: SGR); other 100% owned properties in the Rice Lake gold belt, and on the Dufferin Mine project in Nova Scotia. This press release has been reviewed by Daniel A. Beauchamp, B.Sc., P.Geol., StrikePoint Gold's Qualified Person under National Instrument 43-101. 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. This news release contains forward-looking statements relating to the future operations of the Corporation and other statements that are not historical facts. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Such forward-looking statements are subject to important risks, uncertainties and assumptions. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of StrikePoint. As a result, we cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and StrikePoint does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/March2011/22/c5196.html p Investor Relationsbr/ Toll Free: 1(877)317-1660br/ a href="mailto:info@strikepointgold.com"info@strikepointgold.com/a /p

Copyright