fantastic news at the worst possible time

ann out

14 March 2011
Companies Announcement Of f ice
Via Elect ronic Lodgement
WDEQ CONFIRMS PERMIT TO MINE APPLICATION COMPLETE
AND ADEQUATE
Peninsula Energy Limited (Peninsula) is pleased to announce that the Land Quality Division of
the Wyoming Department of Environmental Quality (WDEQ/LQD) has deemed Peninsula?s
wholly owned subsidiary Strata Energy Inc?s (Strata) Ross ISR Project Application for a Permit to
Mine complete and adequate for technical review.
By way of letter WDEQ/LQD confirmed that the Ross ISR Project application is complete,
without further comment. The WDEQ/LQD completed this review nearly two weeks ahead of
statutory timeframes. Previous ISR applicants have taken up to 9 months to receive
completeness notification, confirming the quality of the documents submitted and also the
implementation of a more streamlined regulatory process for planned ISR operations in the US.
The application, submitted to the WDEQ/LQD District III office on 13 January 2011, is one of two
primary permits necessary to conduct ISR operations at the initial production centre of the
Lance Projects in Wyoming USA.
Based on statutory requirements Strata now anticipate technical comments to the application
by 24 July, 2011. This confirmation also means that Strata can now initiate the public
notification process for the proposed mining site.
Strata will maintain continued correspondence with the WDEQ/LQD including quarterly
meetings during the review process.
Peninsula?s Executive Chairman Mr. Gus Simpson said ?The early confirmation by the WDEQ of
the completeness and adequacy of the Permit to Mine application is a very pleasing result
which augurs well for a timely review and approval of the application.?