Stingray Resources Inc.
TSX VENTURE : SRY

Stingray Resources Inc.

April 10, 2007 12:33 ET

Stingray Resources Inc.: Press Release

TORONTO, ONTARIO--(CCNMatthews - April 10, 2007) - On April 3, 2007, Stingray Resources Inc. ("Stingray" or the "Company") (TSX VENTURE:SRY) has filed an Amended and Restated Annual Information Form for the period ended January 31, 2006 (a) to rectify the number of shares and the position held by certain directors and officers; and (b) to disclose the facts that one of its directors, Mackenzie Watson: (i) is a director of Royal Standards Minerals Inc., which was the subject of a cease trade order from January 2003 to April 2003 for failure to file certain continuous disclosure documents; and (ii) as a former director of Beauchamps Exploration Inc. and Beaufield Consolidated Resources Inc., was subject of an order rendered by the British Columbia Securities Commission (the "BCSC") more than 10 years ago, on July 29, 1996, pursuant to which the BCSC concluded that Mr. Watson failed to exercise the care, diligence and skill of a reasonably prudent person and failed to file insider reports in a timely manner and, without conducting hearing to determine a penalty, in the same decision determined such penalty ($5,000). In a court-ordered review decision in January 2001 filed in the Supreme Court of British Columbia, the BCSC set aside the 10-year ban on Mr. Watson trading in securities or acting as a director or officer. The BCSC, however, has ordered that Mr. Watson must complete an acceptable course of study regarding the duties and responsibilities of directors and officers before he can serve in these positions again. Mr. Watson has complied with this order.

Issued: 12,806,330 common shares.

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