Strategic Nevada Resources Corp.

Strategic Nevada Resources Corp.

January 17, 2007 09:15 ET

Silver Wheaton 'TSX:SLW' to Participate in Brokered Private Placement With Strategic Nevada Resources 'TSX VENTURE:SNS'

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 17, 2007) - Strategic Nevada Resources Corp. (the "Company") (TSX VENTURE:SNS) announces that, further to its news releases dated January 10th and January 12th, Silver Wheaton Corp. intends to subscribe for 3,300,000 units of the Company's brokered private placement. Upon closing of the Company's brokered and non-brokered private placements, and assuming all units are subscribed for, Silver Wheaton will own approximately 12.6% of the Company's issued and outstanding common shares on a non-diluted basis. Closing of the offerings is subject to receipt of all regulatory approvals and consents, including the approval of the TSX Venture Exchange, and the completion of satisfactory due diligence by Pacific International Securities Inc. and Research Capital Corporation, the agents for the brokered private placement.


Neil Linder, President & CEO

Strategic Nevada Resources owns 100% of the Crescent Mine in the Coeur d'Alene mining district. The Crescent Mine is a historic high-grade silver producer. From 1917-1982 the property produced 25 million ounces of Silver at an average grade of 27.3 ounces per ton. Prior to its last shut down in the 80's, previous operators of the Crescent Mine reported over 9 million ounces of silver resources at an average grade of 18 ounces per ton.

The property lies between two world-class Silver producers. The Sunshine mine which has produced more than 300 million ounces of Silver and the Bunker Hill mine, which has produced over 150 million ounces of Silver. The Coeur d'Alene district is the only known mining district in North America to have produced over 1 billion ounces of silver.

Strategic Nevada Resources (SNS) trades on the TSX-V under the symbol SNS the Company has approximately 15.2 million shares outstanding and cash on deposit of $500,000.

This press release does not constitute an offer to sell, or a solicitation of an offer to sell, any of the foregoing securities in the United States. None of the foregoing securities have been and, nor will they be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. All resource estimates quoted herein are based on data and reports obtained and prepared by previous operators. The Company has not completed the work necessary to independently verify the classification of the mineral resource estimates and is not treating the mineral resource estimates as National Instrument 43-101 defined resources verified by a qualified person. The historical estimates should not be relied upon. The Crescent Mine will require considerable further evaluation, which the Company's management and consultants are in the process of completing.

The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.

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