Mr. Mirsad Jakubovic reports

STROUD RESOURCES LTD. ANNOUNCES FIRST TRANCHE CLOSING OF PRIVATE PLACEMENT

Stroud Resources Ltd. has closed the first tranche of its previously announced non-brokered private placement.

The company issued a convertible debenture in the amount of $600,000. The convertible debentures bear interest of 14 per cent and mature 90 days from issue. On maturity, the convertible debentures convert to units at 10 cents per unit. Each unit will comprise one common share and one common share purchase warrant, with each warrant exercisable into one common share at a price of 10 cents for a period of three years from closing.

Eric Sprott, through 2176423 Ontario Ltd., a corporation which is beneficially owned by him, acquired the convertible debenture to the private placement. Prior to the private placement, Mr. Sprott beneficially owns and controls 25,277,777 common shares of the company representing approximately 49 per cent of the issued and outstanding common shares of Stroud. The convertible debenture was acquired by Mr. Sprott, through 2176423 Ontario Ltd. for investment purposes.

Mr. Sprott has a long-term view of the investment and may acquire additional securities of the company, including on the open market or through private acquisitions, or sell securities of the company, including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors. A copy of 2176423 Ontario's early warning report will appear on the company's profile on SEDAR and may also be obtained by calling 416-362-7172 (200 Bay St., suite 2600, Royal Bank Plaza, South Tower, Toronto, Ont., M5J 2J1).

The participation by 2176423 Ontario Ltd. constitutes a related party transaction pursuant to Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company intends to rely on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in Section 5.5(b) and Section 5.7(1)(b) of MI 61-101, respectively, on the basis that the company is not listed on the specified markets and the fair market value of the securities does not exceed $2.5-million.

All securities will be subject to a four-month hold period from the closing date. The private placement is subject to the approval of the TSX Venture Exchange.

Proceeds raised through the issue of units will be used for general working capital purposes.

About Stroud Resources Ltd.

Stroud Resources is a TSX-V listed company (TSX-V: SDR) focused on the exploration and development of its Santo Domingo epithermal silver project in central Mexico.

We seek Safe Harbor.