Strategic Resource Acquisition Corporation

Strategic Resource Acquisition Corporation

December 18, 2007 12:00 ET

SRA's MTM Zinc Complex Gears Up Towards Full Commissioning as Mining at Gordonsville Continues to Accelerate

TORONTO, ONTARIO--(Marketwire - Dec. 18, 2007) - Strategic Resource Acquisition Corporation ("SRA" or the "Company") (TSX:SRZ)(TSX:SRZ.NT) is pleased to report that excellent progress at the Gordonsville mine and mill facilities is being achieved towards full commissioning with structural mill rehabilitation now 100% complete. Underground mining is accelerating. To date in excess of 30,000 tons of ore have been stockpiled underground with progressive blasting of multiple production headings and advancement of development headings. Crushing is expected to begin in late December to process the stockpiled ore in advance of milling operations. First concentrate is anticipated to be ready for delivery to the smelter by late January, increasing steadily throughout the first half of 2008.

The surface crushing system is being tested including all conveyor belts to the ore feeder. Systematic commissioning of the mill components was initiated in November and continues to progress smoothly, with the test running of motors, conveyors and water flows to pumps without issue. The rod mill gears have been laser aligned and power is being introduced in preparation for start-up. Preliminary training for mill operations has begun on a one shift per day basis.

Underground definition drilling with two drill rigs is well underway and two additional drill rigs are expected within the next two weeks. Test drilling in area 29 South has intersected zinc mineralization grading more than 3% Zn over 70 feet. A total of five drill rigs each capable of 10,000 feet per month of development drilling will be operational during the first quarter of 2008 to target sufficient mineable reserves for two years ahead of mining. In addition, a 24-hole, 36,000 ft surface diamond drilling program is planned to start in mid-2008 to identify new resources and upgrade existing resources from the inferred to indicated category.

Elsewhere at the MTM complex, dewatering of the mining areas outside of Gordonsville has continued on schedule with the Cumberland #8 production shaft and #10 ventilation shaft completely dry. Airflow is also now established at Elmwood and access has been achieved to the #2 Elmwood shaft slightly ahead of schedule. Production at the Cumberland mine is expected to commence in the second quarter of 2008 followed by the Elmwood mine in mid-2008.

Recruitment of mine site personnel, now totaling about 200, is proceeding ahead of schedule. All mining equipment required for initial production start-up is on site, with the expected arrival of most of the remaining ordered mining equipment in the first quarter of 2008. A road train has been ordered and is scheduled to arrive in the spring of 2008 in advance of expected ore haulage between the Elmwood mine and the hoist at Gordonsville.

For calendar 2008, production from all three mines is anticipated to be 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 the fall.

The Company recently completed a 30 million lb zinc put option program with Societe Generale at a price of US$1.20 per lb., covering almost 50% of production to June 2008. Given the current zinc price environment, these put options provide a floor significantly above current prices during this critical 2008 production ramp up period.

Agreements in principle are in place with three of the world's largest zinc smelters (Teck Cominco Metals Ltd., MG Rohstoffhandel GmBH and Nyrstar SA/NV) for purchases of MTM concentrates beginning in 2008. With these agreements, the majority of MTM zinc production in the first five years has been allocated with the exception of a small portion reserved for spot market sales. The agreement with Nyrstar provides for the sale of up to 90,000 tons annually over five years, whereby Nyrstar will campaign (batch process) the zinc concentrate and return the residue to the Company which contains germanium and gallium. SRA believes that these metals could be a driving force in lowering the cost per pound of zinc produced as well as providing a diversified revenue source, and is pursuing technology towards optimizing their recoveries.

About SRA

SRA Corporation is focused on the development of the MTM zinc project in the State of Tennessee. The MTM project is set to 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 significant producer of zinc, germanium and gallium through the re-opening of the MTM mining complex 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. Demand for zinc used largely in galvanizing steel has doubled in recent years. The Company also plans to explore and develop additional properties and redeploy cash flow to pursue a strategy of accretive acquisitions.

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.

A technical report dated May 10, 2007 prepared by Watts, Griffis and McOuat Limited in accordance with the standards adopted by the CIM and compliant with National Instrument 43-101 is available on the Company's filings on

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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