Strategic Resource Acquisition Corporation

Strategic Resource Acquisition Corporation

March 16, 2010 11:09 ET

SRA: Update Regarding Annual and Special Meeting of Shareholders

TORONTO, ONTARIO--(Marketwire - March 16, 2010) - Strategic Resource Acquisition Corporation ("SRA" or the "Company") (TSX VENTURE:SRZ.H) has noted an error in its form of proxy delivered to shareholders in connection with its Annual and Special Meeting of Shareholders scheduled for March 30, 2010. This error also extended through to the Voting Instruction Forms ("VIF's") sent by Intermediaries to Beneficial Shareholders. SRA advises that all proxies and VIF's marked to "withhold" from voting on the matters related to (i) fixing the number of directors of the Company, (ii) approving the stock option plan of the Company, and (iii) approving an amendment to the articles of the Company to provide for the consolidation of its common shares on a twelve-for-one basis (i.e. items 1, 4 and 5 on the proxy form) will be counted as a vote "against" such matters. Votes in favour of each matter will continue to count as before.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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