Newstrike Resources Ltd. (TSX VENTURE:HIP) (“Newstrike” or the “Company”) is pleased to announce that the Company has entered into a revised agreement with a syndicate of underwriters co-led by INFOR Financial Inc. and Cormark Securities Inc. (collectively, the “Underwriters”), to increase the size of its previously announced bought deal financing to $80,005,200 aggregate gross proceeds (the “Offering”), representing 60,610,000 Units of the Company (the “Units”), at a price of $1.32 per Unit (the “Issue Price”).