| ||Mon Dec 18, 2006|
Strongbow increases working capital and sells the Chu Chua base metal prospect, British Columbia
| ||Strongbow Exploration Inc. (SBW: TSXV) is pleased to announce it has realized gross proceeds of $8,000,000 through the recent sale of securities in an unrelated company. These proceeds will be used for general administrative purposes and to advance the Company's 100% owned Nickel King project in the Northwest Territories and gold properties in the Spences Bridge gold belt, southwestern British Columbia.|
In a separate development, Anglo Columbia Mines Inc., a private British Columbia based mineral exploration and development company, has purchased Strongbow's 100% interest in the Chu Chua base metal massive sulphide prospect in south central British Columbia. Strongbow has transferred its interest in the Chu Chua prospect in exchange for 4,000,000 common shares of Anglo Columbia. Strongbow retains a 2% net smelter returns royalty on future production from the property. Anglo Columbia may purchase one half of the royalty (1%) at any time for $1 million.
Both transactions reflect the successful implementation of Strongbow's corporate objective of extracting value from non-core exploration assets.
About Strongbow Exploration Inc.
Strongbow Exploration Inc. is a mineral exploration company engaged in the search for economic mineral deposits in Canada. With an interest in mineral properties that are prospective for gold, base metals, diamonds and uranium, the Company's goal is to provide investors with leveraged exposure to Canada's highest profile exploration plays. Six of Strongbow's exploration properties are subject to option or joint venture arrangements with third party companies funding all or a portion of exploration costs.
Strongbow maintains exposure to over ten exploration projects, with a focus on several properties in the Spences Bridge gold belt, southwestern British Columbia and the Nickel King property in southern Northwest Territories. For further information visit www.strongbowexploration.com.
STRONGBOW EXPLORATION INC.
/s/"Kenneth A. Armstrong"
Kenneth A. Armstrong
President and CEO
For further information, please contact:
President and CEO
Tel: 604 668 8355
Tel: 604 668 8275
The TSX Venture Exchange has not reviewed, and does not accept responsibility for the adequacy of this release.
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