Strategic Resource Acquisition Corporation

Strategic Resource Acquisition Corporation

January 28, 2008 09:28 ET

Mining Commences at SRA's Gordonsville Zinc Mine

Percussion drilling intersects significant new resources

TORONTO, ONTARIO--(Marketwire - Jan. 28, 2008) - Strategic Resource Acquisition Corporation ("SRA" or the "Company")(TSX:SRZ)(TSX:SRZ.NT) is pleased to report that mining has begun at the Gordonsville mine, the first of three major zinc mines in the Mid Tennessee Mining Complex that SRA will be bringing into production in the first half of 2008.

In January, mining at Gordonsville advanced substantially, reaching an initial rate of over 1,000 tons per day. This rate is expected to double in February and continue to build towards the planned rate of 5,000 tons per day by late spring. To date, almost 60,000 tons of ore have been stockpiled as commissioning of the production hoist is being completed this week.

Percussion test drilling continues to produce impressive results. In both areas of 29 South and 08, significant zinc mineralization is being intersected grading in excess of 3% zn over notable widths. To date, a total of 14,000 ft have been drilled in 46 holes with intercepts at 29 South including 80 ft. of 3%+ zn, and in area 08, 43 ft. of 3.5% zn. The mineralization in the 08 area is in addition to the resource plan for the first six months of mining operations. A third underground test drill rig has recently been added which should further increase the resource definition rate.

First concentrate is being targeted for delivery to the smelter at Clarksville, Tennessee at the end of February. As the Gordonsville mine ramps up to an estimated 5,000 tons per day, the Cumberland mine, which is dewatered ahead of schedule at #8 and #10 shafts, will be phased in at a planned rate of 2,500 tons per day. Permanent underground pumping installations are being prepared at Gordonsville while underground equipment has been mobilized at Cumberland for installation. At Elmwood, airflow has been established and access has been achieved to the #2 shaft also ahead of schedule. A road train (trackless truck and trailers) has already been dispatched from a manufacturer in Australia and is expected to be on site within two months, well in time for ore haulage between the Elmwood mine and the production shaft at Gordonsville. When in production, the Elmwood mine will produce at a planned rate of 1,500 tons per day.

For calendar 2008, production from all three mines is targeted at approximately 2.4 million tons (125 million pounds of payable zinc, in concentrate), with a full sustainable life of mine production level of 7,500 tons per day achievable by mid-year.

About SRA

SRA Corporation is focused on the development of the MTM zinc project in the State of Tennessee. The MTM mining and milling complex is located approximately 80 kms east of Nashville with excellent infrastructure including roads, water, power, major airport and access to a well-trained workforce. MTM will produce one of the highest quality zinc concentrates in the world and efforts are underway to establish recovery methods for the valuable germanium and gallium contained in the concentrate. Once in full production, the Gordonsville Complex at MTM is expected to be the largest zinc producer and domestic source of germanium and gallium in the continental USA.

The Company also plans to explore and develop additional properties and redeploy cash flow to pursue a strategy of accretive acquisitions.

Qualified Person

John P. Thompson, MSc., P.Eng., Vice President, Resource Development for SRA is the designated Qualified Person pursuant to NI 43-101 of the Canadian Securities Administrators and is responsible for the verification and quality assurance of the technical content of this news release.

Cautionary Statement on Forward-Looking Information

This news release contains "forward-looking information" which may include, but is not limited to, statements with respect to the future financial or operating performance of the Company and its projects, the future price of zinc or other metal prices, the estimation of mineral resources and realization of mineral resource estimates, the timing and amount of estimated future production, costs of production, capital, operating and exploration expenditures, costs and timing of the development of new deposits and future exploration, requirements for additional capital, government regulation of mining operations, environmental risks, reclamation expenses, title disputes or claims, limitations of insurance coverage and the timing and possible outcome of regulatory matters. These statements reflect management's current beliefs and are based on information currently available. Forward-looking statements involve significant risks, uncertainties and assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including those listed in the ''Risk Factors'' section of the Company's prospectus on file with Canadian provincial securities regulatory authorities. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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