Strategic Resource Acquisition Corporation
NEX BOARD : SRZ.H

Strategic Resource Acquisition Corporation

October 21, 2009 16:55 ET

Strategic Resource Acquisition Corporation: Default Status Report

TORONTO, ONTARIO--(Marketwire - Oct. 21, 2009) - Strategic Resource Acquisition Corporation ("SRA" or the "Company") (NEX BOARD:SRZ.H) is providing this bi-week default status report in accordance with National Policy 12-203 - Cease Trade Orders for Continuous Disclosure Defaults ("NP 12-203").

In its initial default announcement of December 31, 2008 the Company announced that it will not be filing its audited financial statements for its fiscal year ended September 30th, 2008 (the "Annual Financial Statements") and its management's discussion and the annual information form (collectively, the "Annual Required Filings") before the prescribed deadline of December 29, 2008.

Due to Strategic not filing its Annual Required Financials, the Ontario Securities Commission issued a temporary management cease trade order, which imposed restrictions on all trading in and all acquisitions of the securities of the Company by the Chief Executive Officer and the Chief Financial Officer of the Company.

Strategic on September 18th, 2009 filed their annual financial statements for the year ended September 30th, 2008 and the related management discussion and analysis. On September 23, 2009 Strategic filed the 1st Quarter unaudited financial statements and management discussion and analysis for the period ended December 31, 2008, and on September 30th, 2009 filed the 2nd Quarter unaudited financial statements and management discussion and analysis for the period ended March 31, 2009 and on October 21, 2009 filed the 3rd Quarter unaudited financial statements and management discussion and analysis for the period ended June 30th, 2009. With the aforementioned filings the Company is now up to date with its continuous disclosure obligations as required by National Instrument 51-102 other than the AIF which is under review.

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

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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