Strateco Resources Inc.
OTC Bulletin Board : SRSIF
FRANKFURT : RF9
TSX : RSC

Strateco Resources Inc.

March 23, 2010 08:30 ET

Strateco Resources Inc.: Appointment of a New Director

MONTREAL, QUEBEC--(Marketwire - March 23, 2010) - Strateco Resources Inc. ("Strateco") (TSX:RSC)(OTCBB:SRSIF)(FRANKFURT:RF9) is pleased to announce the appointment of Mr. Robert Marchand as director of the company. Mr. Marchand is filling one of the two vacant positions on the Board of Directors.

As part of the private placement, completed on January 27th, 2010 with Sentient Executive GP III, Limited ("Sentient") - an independent private equity fund that manages over US $1.3 billion invested in the natural resources sector - Strateco's management agreed to recommend the appointment of a Sentient representative to Strateco's Board of Directors.

"We are very pleased that Mr. Marchand joins Stracteco's Board of Directors,″ says Guy Hébert. "Mr. Marchand is a mining engineer with a long experience in mining development and production. His participation adds depth to our Board of Directors and occurs at the appropriate time for the development of our Matoush project.″

About Mr. Robert Marchand

Mr. Marchand has 28 years of experience in mining operations and project evaluations in the field of precious metals, base metals and industrial minerals.

Prior to joining Sentient as investment manager, Mr. Marchand was Vice-President Operations with MinQuest Capital, a mining fund based in Montreal. Furthermore, he spent over 20 years with Cambior inc. and then Iamgold Corporation as Chief Engineer, Mine Engineering Manager, and business development General Manager. During this time, Mr. Marchand participated to various technical and financial evaluations of projects on an international basis, to mine start-ups and various expansion projects. Mr. Marchand has also spent five (5) years with Noranda Inc. in engineering and production.

His career path provided him with valuable experience in project assessment that allowed him to become familiar with various open pit and underground mining operations.

Mr. Marchand is member of the "Ordre des Ingénieurs du Québec″ (OIQ), the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) and the Society for Mining, Metallurgy and Exploration (SME).

This news release contains forward-looking statements subject to certain risks and uncertainties. There can be no assurance that these statements will prove to be correct, and actual results and future events could differ materially from those implied by such statements. These risks and uncertainties are discussed in the annual report filed with the securities commissions of Alberta, British Columbia, Ontario and Quebec and in the 10-K annual report filed with the US Securities and Exchange Commission.

Contact Information

  • Strateco Resources Inc.
    Guy Hebert
    President and Chief Executive Officer
    450-641-0775 or 1-866-774-7722
    450-641-1601 (FAX)
    ghebert@bbhgm.com
    or
    Strateco Resources Inc.
    Jean-Pierre Lachance
    Executive Vice President
    450-641-0775 or 1-866-774-7722
    450-641-1601 (FAX)
    jplachance@bbhgm.com
    or
    Strateco Resources Inc.
    Kahina Mostefai
    Investor Relations
    450-641-0775 or 1-866-774-7722
    450-641-1601 (FAX)
    kmostefai@bbhgm.com
    www.stratecoinc.com