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VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 2, 2011) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Newstrike Capital Inc. (TSX VENTURE:NES) ("Newstrike" or "the Company")– [ www.newstrikecapital.com ] reports, further to its January 17^th 2011 release, that it has finalized an agreement with Desarrollos Mineros San Luis, S.A. de C.V. ("DMSL"), a wholly-owned subsidiary of Goldcorp Inc. (TSX:G), for the purchase of approximately 139 hectares of land located within the Company's Ana Paula mineral project.

The Company has issued DMSL 83,320 common shares of the Company in full settlement of this acquisition, valued at $75,675.

About Newstrike (TSX VENTURE:NES)

Newstrike Capital Inc. is a gold-silver focused explorer, targeting known and historic mining districts in Mexico. Current management and directors co-discovered Goldcorp's and Teck's significant discoveries in Guerrero Gold Belt in Guerrero State, currently in advanced stages of exploration and production.

Newstrike holds a 100% interest in certain exploration properties in Mexico located within two established mining districts; the gold bearing oxidized iron skarn-porphyry camp of the Guerrero Gold Belt, and the polymetallic Ag-Au-Cu rich epithermal camp of the mining districts of Oaxaca State.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.