This article discusses the two interrelated aspects of the natural resources strategy. In the first part of the article, we demonstrate the basic formulas and the three main points of evaluation of the natural resources strategy, that is the evaluation in general, the evaluation of corre lation and the evaluation of potentiality. In the second part, we initiate the procedure of policy-making of the natural resources strategy, including the direction of exploitation and utilization, the scale of exploitation and utilization, the layout of exploitation and utilization, the time order of exploitation and utilization, the pattern of exploitation and utilization, and the protection of natural resources. These elements, taken together, constitute a complete system of the policy-making of the natural resources exploitation. We also systematically elaborate the central content and the basic method of the study of natural resources strategy and objectively reflect the regularity of the study of the natural resources strategy.