Strathmore Minerals Corp. reports that it has received an unsolicited superior competing offer from a foreign based corporation for its Pine Tree-Reno Creek properties, Wyoming.

The competing offer comprises US$ 17.5 million cash, US $2.5 million in common shares of the Offering Company, to be paid on closing, and a 5% gross production royalty, which can be repurchased in whole or in part by the Offering Company at any time for US $2 million (US $1 million cash and US $1 million in common shares) per 1% royalty reduction. In addition, the Offering Company has matched the previously agreed terms to acquire the interest held by American Uranium Corporation. This offer is subject to satisfactory due diligence, shareholder approval, and financing by the Offering Company, with a closing by March 30, 2010.

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