Strata-X Ltd. Announces Closing of Private Placement

Golden, Colorado, and Edmonton, Alberta. July 16, 2012 - Strata-X Ltd. (“Strata-X” or the “Corporation”) is pleased to announce that further to its news release on May 15, 2012 and May 24, 2012, it has held a second and final closing of its non-brokered private placement (the “Private Placement”).

The initial closing of the Private Placement was held on June 29, 2012 whereby the corporation raised gross proceeds of $3,548,750 through the issuance of 2,075,000 units at a price of $0.25 per unit (a “Unit”), and $3,030,000 in convertible notes (“Convertible Notes”). Following the initial Closing, the Corporation obtained consent from the TSX Venture Exchange to extend the Private Placement for an addition 2 weeks. At the second closing of the Private Placement, the Corporation raised gross proceeds of $275,000 through the issuance of 300,000 Units and $200,000 in Convertible Notes.

Units are comprised of one common share and one half of a common share purchase warrant, each such warrant being exercisable to acquire one common share at a price of $0.60 per share for a period of two years from closing. Convertible Notes are convertible to units at a deemed price of $0.25 per unit. Each such unit is comprised of one common share and one-half of a common share purchase warrant, and such warrants being exercisable to acquire one common share at a price of $0.50 per share for a period of two years from closing

The Private Placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including final approval of the TSX Venture Exchange. All securities to be issued under the Private Placement will be subject to a four-month statutory hold period in Canada.

As announced in the Corporation’s May 15, 2012 news release, the proceeds of the Private Placement will be used for the acquisition of additional lands in the Corporation’s Vail project in the United States, general working capital and the costs of the offering.

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.