Article: Strathmore Completes LOI With $8 Million Commitment From Yellowcake Mining

KELOWNA, BRITISH COLUMBIA--(CCNMatthews - Jan. 30, 2007) - Strathmore Minerals Corp. ("Strathmore") (TSX VENTURE:STM) is pleased to announce it has entered into a binding letter of intent to form a joint venture with Yellowcake Mining Inc. ("Yellowcake") to develop The Baggs, Juniper Ridge Project (Red Creek Claims and Associated State of Wyoming Lease) properties in the State of Wyoming, United States. The Juniper Ridge project is located in the Poison Basin uranium district in south central Wyoming, close to the Colorado border. The total acreage of the property is approximately 3,200 acres.

Mr. Dev Randhawa, Chairman and CEO of Strathmore commented, "We are very pleased to enter this JV ...

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