Strata-X Ltd. Announces Re-Pricing for Private Placement

Golden, Colorado, and Edmonton, Alberta. May 24, 2012 - Strata-X Ltd. (“Strata-X” or the “Corporation”) wishes to announce, further to its news release on May 15, 2012, regarding a non-brokered private placement of units and convertible notes, that it intends to adjust the conversion price of the convertible notes from $0.28 to $0.25. The principal amount and accrued interest on the convertible notes shall be convertible to units at a deemed price of $0.25 per unit. Each unit will be made up of one common share and one-half of a common share purchase warrant. Each whole warrant will be exercisable to acquire one common share at a price of $0.50 per share. The convertible notes shall automatically convert at the end of the one year term into such units. Other particulars regarding the private placement announced on May 15 remain unchanged.

For further information, please contact:

Tim Hoops
President
Telephone: 303-550-5582
info@strata-x.com

OR

Doug Walker
Corporate Secretary
Telephone: 780-439-8995

Public documents for Strata-X Ltd. Can be found at SEDAR (www.sedar.com)

This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. The use of any of the words “anticipate”, “continue”, “estimate”, “expect”, ‘may”, “will”, “project”, “should”, ‘believe”, and similar expressions are intended to identify forward-looking statements. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Readers are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected and the forward-looking statements included in this news release should not be unduly relied upon. See “Risks and Uncertainties” in the Company’s Filing Statement dated August 30, 2011 available on SEDAR at www.sedar.com These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required under applicable securities legislation. This news release does not constitute an offer to sell securities and the Company is not soliciting an offer to buy securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.