Strategic Resource Acquisition Corporation

Strategic Resource Acquisition Corporation

November 21, 2007 12:57 ET

SRA Hedge Locks in Higher Zinc Price Over First Half of 2008

TORONTO, ONTARIO--(Marketwire - Nov. 21, 2007) - Strategic Resource Acquisition Corporation ("SRA" or the "Company)(TSX:SRZ)(TSX:SRZ.NT) reports the completion of a 30 million lb zinc put option program at a price of US$1.20 per lb., representing approximately one-quarter of its 2008 production target of 125 million lbs of payable zinc.

The hedging schedule coincides with the first half of 2008 production ramp up, securing a positive cash margin during the initial critical phase. The option also satisfies the provisions of the senior secured Series I Notes that pay interest semi-annually, requiring the Company to hedge a portion of its payable zinc production.

Victor Wyprysky, President & CEO of SRA commented, "We have positioned the MTM zinc operation to be a low cost, premium quality zinc producer. The put options we have in place will serve us well in the current price environment as we get set to begin generating concentrate this year and ramp up at Gordonsville in the spring. Thereafter, what we anticipate will be the driving force in lowering the cost per pound of zinc produced is the germanium and gallium contained in the residue being returned to SRA in the recently announced five year agreement with Nyrstar. These metals with increasing demand growth in high-tech sectors, should insulate the Company in virtually any zinc price cycle."

The put option is backed by the creditworthiness of Societe Generale which has more than twenty years of making markets in derivatives for commodity risk management.

About SRA

SRA Corporation is focused on the development of the MTM zinc project in the State of Tennessee. The MTM project 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. The Company's goal is to become a producer of zinc commencing in late 2007 through the re-opening of the MTM zinc mines comprised of five historic producing underground zinc mines (Elmwood, Gordonsville, Carthage, Stonewall and Cumberland) as well as the undeveloped East Carthage zinc deposit. 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. 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. 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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