Strathmore Minerals Corp. announce that Scott Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA) has been contracted to prepare a Bankable Feasibility Study (BFS) to evaluate the overall project economics of the proposed Roca Honda underground uranium mine in New Mexico. Scott Wilson RPA is a leading international consulting firm that provides independent opinions and carries out engineering studies of mining projects and operations, and related mining development matters. Scott Wilson RPA has successfully served the geological and mining community worldwide since 1985.

The Roca Honda property is located in the eastern part of the Grants Mineral Belt in New Mexico. This project, which is held by Strathmore and Sumitomo Corporation under their jointly owned subsidiary, Roca Honda Resources LLC (RHR), represents one of the largest proposed uranium mines in the United States in the last thirty years. In October 2009, the Roca Honda Mine Permit Application was submitted to state and federal regulatory authorities. In November, the Permit Application was deemed "administratively complete" (see news releases dated October 27, 2009 and December 2, 2009). Preparation of the BFS will coincide with the regulatory review process.

Phase I of the BFS will review and evaluate existing data to identify information gaps required for a thorough analysis of all aspects and issues for the planning of the project. In addition, Scott Wilson RPA will investigate milling options. RHR will oversee the BFS and will coordinate project tasks with Scott Wilson RPA. On March 3rd, RHR held a management meeting with Scott Wilson RPA to review geology, resource estimates, mine design, economic, and environmental/permitting work completed to date, in addition to setting goals, assigning roles and responsibilities, and establishing timelines. It is anticipated that Phase I of the BFS will be completed by late summer.