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   Gold/Mining/EnergyStrathmore Minerals (STM.V)


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From: TheSlowLane1/1/2010 3:29:22 PM
1 Recommendation   of 54
 
Mickey Fulp reiterates his views on Strathmore:

"Another company I'd like to mention is Strathmore Minerals. They've been beaten down over the past year or so along with the rest of the uranium sector, but they are a development company with two of the most robust uranium deposits in the US...I love this company. They are undervalued compared to other [uranium] companies; they are very focused on their core assets. They've got another 20 properties that could be flagship properties and they intend to to monetize those. I'm very bullish on Strathmore."

metalsnews.com

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From: LoneClone1/7/2010 1:59:33 PM
   of 54
 
Strathmore Minerals Corp.: Bayswater Meets Superior Competing Offer for Pine Tree-Reno Creek Properties
Thu Jan 7, 10:53 AM

ca.news.finance.yahoo.com

KELOWNA, BRITISH COLUMBIA--(Marketwire - Jan. 7, 2010) - STRATHMORE MINERALS CORP. ("Strathmore" or "the Company") (TSX VENTURE: STM.V) announces that Bayswater Uranium Corporation has notified the Company in writing of its election to meet the terms of the superior competing offer received from a foreign based corporation for its Pine Tree-Reno Creek Properties in Wyoming. The matched competing offer comprises US$ 17.5 million cash, US $2.5 million in common shares of Bayswater, to be paid on closing, and a 5% gross production royalty, which can be repurchased in whole or in part by Bayswater at any time for US $2 million (US $1 million cash and US $1 million in common shares) per 1% royalty reduction. Bayswater will be advancing an additional US $250,000 to Strathmore by January 21, 2010, as it has already met certain revised terms regarding due diligence, which was completed at an earlier date. The previously agreed terms to acquire the interest held by American Uranium Corporation remain unchanged.

Strathmore and Bayswater have agreed to a newly amended formal Purchase Agreement, subject to a revised financing by Bayswater that will meet the amended terms. Bayswater has been granted until April 6, 2010 to complete the transaction. The new agreement provides for a more streamlined transaction with substantially more upfront cash paid to Strathmore on closing.

STRATHMORE MINERALS CORP. is a Canadian based resource company specializing in the strategic acquisition, exploration and development of advanced uranium properties in the United States. Headquartered in Kelowna, British Columbia, the Company also has U.S. based Development Offices in Riverton, Wyoming and Santa Fe, New Mexico. STRATHMORE MINERALS CORP. Common Shares are listed on the TSX Venture Exchange under the symbol "STM".

This news release contains "forward-looking information" that is based on Strathmore Minerals Corp.'s current expectations, estimates, forecasts and projections. This forward-looking information includes, among other things, statements with respect to Strathmore's exploration and development plans, outlook and business strategy. The words "may", "would", "could", "should", "will", "likely", "expect," "anticipate," "intend", "estimate", "plan", "forecast", "project" and "believe" or other similar words and phrases are intended to identify forward-looking information.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause Strathmore's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: uncertainties related to the historical resource estimates, the work expenditure commitments; the ability to raise sufficient capital to fund future exploration or development programs; changes in economic conditions or financial markets; changes in input prices; litigation; legislative, environmental and other judicial, regulatory, political and competitive developments; technological or operational difficulties or an inability to obtain permits required in connection with maintaining, or advancing, the Pine Tree-Reno Creek project; and labour relations matters.

This list is not exhaustive of the factors that may affect our forward-looking information. These and other factors should be considered carefully and readers should not place undue reliance on such forward-looking information. Strathmore Minerals Corp. disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events or otherwise.

ON BEHALF OF THE BOARD

David Miller, CEO

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.

Contacts

Craig Christy
Strathmore Minerals Corp.
Investor Relations
1-800-647-3303
info@strathmoreminerals.com
www.strathmoreminerals.com

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To: LoneClone who wrote (22)1/7/2010 2:59:48 PM
From: TheSlowLane
   of 54
 
Hmmm...well, as long as Bayswater can raise the money, more power to 'em. Sound like it could take months for the deal to close though. Given that there are now two interested parties it seems highly likely that a deal will get done at some point infusing Strathmore with a significant amount of cash in a non-dilutive "financing" so...it works for me.

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To: TheSlowLane who wrote (23)1/7/2010 3:08:45 PM
From: LoneClone
   of 54
 
Maybe the other bidder will come back with a higher offer if we are lucky.

LC

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To: LoneClone who wrote (24)1/7/2010 3:46:10 PM
From: TheSlowLane
   of 54
 
If they want it badly enough, they'll take another swing at the pinata. There's lots of candy inside.

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From: captkirk1/7/2010 7:22:53 PM
   of 54
 
don't they have to legally reveal who the 'secret bidder' is? i mean, they could just have someone put up phony bids, could they not?

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To: captkirk who wrote (26)1/7/2010 7:32:13 PM
From: TheSlowLane
1 Recommendation   of 54
 
If they were required to disclose the name of the secret bidder I am sure they would have done so by now. If they were to enter into a definitive agreement then it would be a material change and would have to be disclosed but that hasn't happened yet. I don't know if it would be illegal for them to have an illegitimate party submit phony bids but why on Earth would they do that? To get a higher price for the property? After following this company for five years now, I would find that to be completely out of character and totally at odds with how they have conducted themselves over that period. As far as I can tell, Strathmore is about as ethical as they come. These guys understand regulations and compliance...they have to if they want to have anything more than a snowball's chance of putting anything into production. They have been consistent about setting the market's expectations about how many years it takes to get a deposit through the permitting process even though it was news that investors did not want to hear. They are very capable when it comes to advancing deposits through the process. They are not so good on promoting the company if the share price is any indication. That may have more to do with market conditions than promotional ability though. Anyway...that's my take on it...

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To: TheSlowLane who wrote (27)1/7/2010 8:04:59 PM
From: captkirk
   of 54
 
not really about STM ,but more of a general question. i mean, you know how vancouver works!! haha, companies could have all kinds of bidders all over the world. you'd think there would have to be disclosure of a serious bid, would you not? Strathmore is a legitimate company, but about 50% of the mining shells on the VSE are not, and that kind of stunt is right up those types alley...

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To: captkirk who wrote (28)1/7/2010 10:13:05 PM
From: TheSlowLane
   of 54
 
Good question, but I don't know the answer. Maybe the details have to be disclosed to the exchange but not necessarily released to the public until a definitive agreement is reached. It does seem like there is an opportunity for fraud there but it also seems like a good way to get yourself in trouble if you tried to go there. Unless you're running a bank. In that case, if caught they'd probably punish you by throwing money at you. That seems to be how things work these days.

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From: captkirk1/9/2010 12:37:52 AM
   of 54
 
well well, just when you think some company has no interconnection with the market maker,...................................

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