Strategic Nevada Resources Corp.

Strategic Nevada Resources Corp.

January 31, 2007 09:30 ET

Strategic Nevada Resources Announces Completion of the First Stage of Power Restoration at the Crescent Mine

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 31, 2007) - Mr. David Greenway, Vice President of Corporate Development for Strategic Nevada Resources Corporation ("Strategic Nevada") (TSX VENTURE:SNS), is pleased to announce the completion of the first stage of power restoration at the Crescent Mine.

Last week, Avista Utilities completed the first stage of power restoration to the Crescent Mine, which will allow Strategic Nevada to restore electrical power to the buildings on site and the primary mine infrastructure. The next step, rewiring, is currently being completed by John Groth Electrical of Kingston, Idaho. Primary surface structure power should be completed within three weeks, while full power requirements to the mine should be completed by April 2007.

Company President and CEO, Mr. Neil Linder, remarked, "The support and effort we have received from local contractors is allowing us to move forward considerably faster then we expected, in a crucial step for the rehabilitation of the Crescent mine. I would like to thank all local involvement for their support and help in our efforts."

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.

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.

Contact Information