November 13, 2006 08:00 ET

Diamond Drilling Underway at Stroud Resources' Hislop Gold Project

TORONTO, ONTARIO--(CCNMatthews - Nov. 13, 2006) - Stroud Resources Ltd. (TSX VENTURE:SDR)("Stroud" or the "Company") is pleased to announce that drilling has commenced at its Hislop Gold Project Property located in Northern Ontario, approximately 75 km east of Timmins, Ontario.

Stroud intends to carry out a 4,000 metre in-fill drilling program of approximately 16 holes on the Hislop property. The holes are planned to intersect the mineralized zones at depths from 125 metres to 400 metres. If this drilling program is successful, the plan would be to advance the project through additional surface drilling followed by underground exploration and advanced underground development by way of a ramp.

Subject to regulatory approval, the Company proposes to fund substantially all of the current exploration program from the sale of flow-through shares. It is proposed that up to 1,739,130 shares will be offered on a non-brokered private placement at a price of $0.23 per share to raise gross proceeds of up to $400,000. Stroud proposes to pay a 8% cash finder's fee to registered dealers who procure subscriptions for shares. All shares issued in the private placement will be subject to a 4-month hold period.

Mr. Behre Dolbere completed a National Instrument 43-101 compliant technical report on the Hislop property dated October 25, 2004. The report concludes that the Hislop project contains indicated resources of approximately 102,750 ounces of gold (483,531 Tonnes at a grade of 6.61g/t) and inferred resources of approximately 69,700 ounces of gold (367,732 Tonnes at a grade of 5.90g/t). The technical report has been filed on SEDAR and can be viewed under the Company's filings at or on the Company's web site at

Stroud is currently drilling on two advanced projects. The drilling challenges Stroud originally faced in Santo Domingo are now largely resolved and we expect to receive and release assay results for the initial drill holes shortly.

Stroud Resources Ltd.'s Annual General Meeting will be held on Friday, December 8, 2006 at 2:00pm in the Library Room of the Fairmont Royal York, 100 Front Street West, Toronto, Ontario, located on the mezzanine level. The meeting will be audio taped for playback on and will be available the week of December 11th. We encourage all shareholders and interested parties to come and meet the Board of Directors and management team on December 8th.

Stroud is a debt-free exploration company focused on the discovery and exploration of silver and gold deposits in Mexico and Ontario. Stroud owns a 100% interest in the Santo Domingo epithermal silver-gold project in central Mexico. In addition to the Santo Domingo project, Stroud's assets include 100% interests in the Hislop gold property, near Timmins, Ontario and the Leckie gold property, near North Bay, Ontario. Stroud also generates cash flow from a 3.75% interest in four natural gas, and natural gas condensate wells in central Alberta. Stroud's corporate goal is to create a mineral based company with projects that are characterized as world-class in status and with the potential for near-term production.

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

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