March 02, 2010 16:16 ET

eResearch Issues Initiating Report on Stroud Resources Ltd.

TORONTO, ONTARIO--(Marketwire - March 2, 2010) - Stroud Resources Ltd. (TSX VENTURE:SDR) is a mining exploration company focused on the discovery and exploration of silver and gold deposits in Mexico and northern Ontario. The Company owns a 100% interest in the Santo Domingo epi-thermal silver-gold project in Mexico's Sierra Madre, and has an option to acquire a 100% interest in the Santa Cruz silver project, also in Mexico. Stroud's assets also include 100% interests in the following Ontario properties: (1) the Hislop gold property, near Timmins; and (2) the Leckie gold property near Temagami (close to North Bay). The Company also generates cash flow from a 3.75% interest in six natural gas and natural gas condensate wells in central Alberta.

Stroud's principal focus is on Santo Domingo. The property is open pittable, has wide mineralized zones, features ease of access and critical infrastructure, such as water and power, is readily accessible, has a large pool of available labour, expected low cost of production; and could be fast-tracked to production. Stroud has drilled 27 holes which, on the Company's 25.73 million silver-equivalent ounces, equates to almost 1 million silver-equivalent ounces per hole.

Currently selling at $0.07 per share, we have a 12-month Target Price of $0.28. Stroud is relatively unknown, particularly in the retail sector. But Stroud has three influential institutional shareholders (Sprott, Dundee, and Pinetree) which recognize the inherent potential of this company. If management can unlock that potential, the shares could easily surpass our Target Price.

This Press Release was prepared by eResearch and was not vetted by Stroud Resources Ltd. Further, the Recommendation and Target Prices contained in this Press Release and in the Initiating Report are strictly those of eResearch and, due to securities laws, are not endorsed by Stroud Resources Ltd.

eResearch is a primary source for professional investment research, focused primarily on small- and mid-cap companies. Our research and analysis is of institutional quality, and has the potential of reaching millions of global investors through our extensive electronic distribution network.

Stroud Resources Ltd. paid eResearch a fee to conduct research on the Company, on an Annual Continuous Coverage basis.

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Contact Information

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    Bob Weir, CFA
    Managing Director, Research Services
    (416) 643-7650 Ext 1