Strategic Nevada Resources Corp.
TSX VENTURE : SNS

Strategic Nevada Resources Corp.

January 10, 2007 09:30 ET

Strategic Nevada Resources Arranges Private Placements

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 10, 2007) - Strategic Nevada Resources Corp. ("Strategic Nevada" or the "Company") (TSX VENTURE:SNS) is pleased to announce that it has arranged a brokered private placement on a commercially reasonable efforts basis of up to 7,000,000 units (the "Units"), and a non-brokered private placement of up to 1,340,000 Units, at a price of $0.75 per Unit (the "Offering"), to raise total gross proceeds of up to $6,255,000. Each Unit will consist of one common share of the Company (a "Share") and one-half of a transferable common share purchase warrant (a "Warrant"). Each full Warrant will be exercisable to acquire one additional Share for a period of 18 months from closing at an exercise price of $1.25.

Pacific International Securities Inc. (the "Agent") will act as agent for the Offering and will receive a commission of 7.0% of the gross proceeds of the brokered portion of the Offering, payable in cash or Units at the election of the Agent. In addition, the Agent will receive compensation options equal to 7.0% of the number of Units sold under the brokered portion of the Offering. Each compensation option will entitle the Agent to purchase one Share at a price of $0.80 for a period of eighteen months following the closing of the Offering. The Company will also pay the Agent's costs and expenses of the Offering. All securities issued in the Offering will have a hold period in Canada of four months from the closing of the Offering.

The net proceeds from the Offering are intended to be used for rehabilitation and further exploration on the Company's recently acquired Crescent Silver Mine property and for general working capital.

The Offering is subject to completion of satisfactory due diligence by the Agent with respect to the Company, completion and execution of appropriate documentation, acceptance for filing by the TSX of the Offering on behalf of the Company and receipt of any required regulatory approvals.

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.

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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