Strategic Resource Acquisition Corporation
TSX : SRZ
TSX : SRZ.NT
TSX : SRZ.NT.A

Strategic Resource Acquisition Corporation

April 18, 2008 15:30 ET

SRA Announces Details of Unit Offering

TORONTO, ONTARIO--(Marketwire - April 18, 2008) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.

Strategic Resource Acquisition Corporation ("SRA" or the "Company") (TSX:SRZ)(TSX:SRZ.NT)(TSX:SRZ.NT.A) today announced the price and size of its previously announced offering of Units. The Company has agreed to sell a minimum of 5,000,000 units ("Units") at a price of $2.00 per Unit for minimum gross proceeds of $10 million. Each Unit will be comprised of one common share and one half of one common share purchase warrant. Each whole warrant will be exercisable into one common share at a price of $2.50 per share for 18 months from the date of closing of the offering. The offering will be co-led by agents Blackmont Capital Inc. and Haywood Securities Inc. (the "Agents"). The Company has also granted to the Agents an over-allotment option exercisable for 30 days after closing to acquire up to an additional 15% of the common shares and warrants sold at the closing.

Proceeds of the placement will be used for the ramp up of the Gordonsville mine, rehabilitation of the Cumberland and Elmwood mines and for general corporate purposes. The transaction is expected to close on or before May 8, 2008 and is subject to regulatory approval.

This press release is not an offer of securities for sale in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold in the United States or to, or for the account or benefit of, any "U.S. Persons" (as defined in Regulation S under the U.S. Securities Act) absent registration or an applicable exemption from the registration requirements under the U.S. Securities Act and applicable state securities laws.

About SRA

SRA Corporation is focused on the development of the Mid-Tennessee zinc mining complex (MTM) in the State of Tennessee. The MTM is located approximately 50 miles 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.

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.

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

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