Strathmore Minerals Corp. (the "Company") (TSX VENTURE: STM) is pleased to announce that it has agreed to issue on a non-brokered, private placement basis 1,100,000 flow-through common shares at a price of $1.95 per share for gross proceeds of $2,145,000. The funds will be used for the exploration of the Company's existing Canadian uranium properties. The private placement is expected to be completed on or about December 16, 2004.

The Company agrees to incur and renounce qualifying Canadian Exploration Expenditures under the Income Tax Act (Canada) to purchasers of the flow-through common shares in an amount equal to the subscription price of such shares.

On closing, the Company will pay in cash a 5.5% finder's fee in connection with the private placement.

The private placement is subject to the receipt of regulatory approvals.

STRATHMORE MINERALS CORP. is a Canadian based resource company specializing in the strategic acquisition and development of uranium properties. STRATHMORE MINERALS CORP. common shares are listed on the TSX Venture Exchange under the symbol "STM".

ON BEHALF OF THE BOARD

Dev Randhawa, President

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