October 17, 2008

Strait Gold Amends Warrants

Strait Gold Corporation (TSX VENTURE: SRD) has amended the terms of 800,000 warrants issued to a private Peruvian company. The warrants' expiry date has been extended to April 20, 2009, from October 20, 2008, and the warrants' exercise price has been increased to $0.60 from $0.50. Each warrant, when exercised, is exchangeable for one common share of the Company.

About Strait Gold Corporation:

Strait Gold Corporation is a Canadian mineral exploration company active in Peru and listed on the TSX Venture Exchange. To learn more about Strait Gold, please visit our website at www.straitgold.com.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

 Contacts: Strait Gold Corporation Jim Borland President (416) 223-9970 Email: [email protected] Website: www.straitgold.com

SOURCE: Strait Gold Corporation