Strategic Resource Acquisition Corporation
TSX : SRZ
TSX : SRZ.NT

Strategic Resource Acquisition Corporation

November 01, 2007 12:41 ET

SRA Announces Agreement With Major European Smelter

TORONTO, ONTARIO--(Marketwire - Nov. 1, 2007) - Strategic Resource Acquisition Corporation ("SRA" or the "Company) (TSX:SRZ)(TSX:SRZ.NT) is pleased to announce that it has an agreement in principle with MG Rohstoffhandel GmbH of Frankfurt, Germany for consumption at the Ruhr-Zink smelter, for the sale of a portion of its zinc production from the Middle Tennessee Zinc Mining Complex ("MTM").

The three year agreement reflects a quality recognition in pricing terms for SRA's MTM zinc concentrate which has a long history of association amongst the finest quality being produced. This marks the second such arrangement for SRA with a major global smelter.

Victor Wyprysky, SRA's President & CEO commented," Ruhr-Zink is renowned throughout Europe for its highly efficient smelter operations. This agreement enables us to attract pricing terms that are reflective of the exceptional quality of our zinc concentrate."

The Gordonsville mining complex at MTM will be the first of three past producing zinc mines to recommence production from Q4 2007 to full commercial production in the summer of 2008. SRA is targeting production of approximately 125 million pounds of payable zinc in concentrate at an annualized rate of 2.4 million tons of ore.

About SRA

SRA Corporation is focused on the development of the MTM zinc project in the State of Tennessee. The MTM project will produce one of the highest quality zinc concentrates in the world and efforts are underway to establish recovery methods for the valuable germanium and gallium contained in the concentrate. The Company's goal is to become a producer of zinc commencing in late 2007 through the re-opening of the MTM zinc mines comprised of five historic producing underground zinc mines (Elmwood, Gordonsville, Carthage, Stonewall and Cumberland) as well as the undeveloped East Carthage zinc deposit. The MTM mining and milling complex is located approximately 80 kms east of Nashville with excellent infrastructure including roads, water, power, major airport and access to a well-trained workforce. The Company also plans to explore and develop additional properties and redeploy cash flow to pursue a strategy of accretive acquisitions.

Cautionary Statement on Forward-Looking Information

This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects, the future price of zinc or other metal prices, the estimation of mineral resources and realization of mineral resource estimates, the timing and amount of estimated future production, costs of production, capital, operating and exploration expenditures, costs and timing of the development of new deposits and future exploration, requirements for additional capital, government regulation of mining operations, environmental risks, reclamation expenses, title disputes or claims, limitations of insurance coverage and the timing and possible outcome of regulatory matters. These statements reflect management's current beliefs and are based on information currently available. Forward-looking statements involve significant risks, uncertainties and assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including those listed in the ''Risk Factors'' section of the Company's prospectus on file with Canadian provincial securities regulatory authorities. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

For further information, please email info@sra-corporation.com.

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