Lucky Strike Further Updates on China Guizhou Project

Vancouver, Canada, July 11, 2010 --(PR.com)-- Lucky Strike Resources Ltd. (LKY TSX-V) wishes to announce that the Company has completed its internal pre-purchase due diligence of the Changyun Coal Project as well as ownership and legal opinion of the property title. Further to the Company’s news release dated May 26, 2010, the Company is satisfied with the conditions as set forth and is moving towards an agreement shortly.

Guizhou Changyun Coal Mining Limited (Changyun) is a wholly owned subsidiary of Cheung Wan (Groups) Energy Development Limited of Hong Kong. Changyun is the only Wholly Owned Foreign Enterprise (WOFE) that was issued a Business License in 2004 by the Guizhou Provincial Government for the Coal Mining Operation Business. The license is valid for 20 years within Guizhou province.

Changyun was specifically created to attract foreign investment to promote economic activities in the less developed regions of China and is fully endorsed and supported by the Central Ministry in Beijing. Changyun was also given unique status, as it was also granted with a Foreign Funds Transfer Certification, so repatriation of net profits and original investment is not restricted and controlled by the Foreign Exchange Commission.

The Guizhou provincial government abiding by the national mandate of Beijing shut down nearly 600 coal mine operations since 2004. The Guizhou Provincial Government adopted a policy which required those closed coal mining companies to merger and consolidate. Changyun was one of 27 companies remaining in good standing and appointed as a consolidator given the opportunity to acquire, consolidate and restructure smaller coal mines through mergers, acquisitions and asset or share transfers. Changyun Coal acquired its current project in 2004.

Changyun holds a 100% interest of 2.0954 km2 coal tenement. The mine is a former producer that was closed by the government along with hundreds of other coal mines all across China in the 2004 sweep. Changyun has since spent 3 years completing various work programs including engaging the 105th Geological Team of Guizhou to complete a Feasibility Report as part of the Mining License process. Changyun was issued a Mining License for the property in July 2007 to start production of 150,000 MT/y of coal. The License is valid through to July 2017. Changyun can apply for a larger production amount with a valid safety production permit and the Mining License may be extended with a further updated Feasibility Report once additional coal resources have been proven.

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