SOURCE: Stonebridge Resources Exploration Ltd.

May 16, 2008 10:42 ET

Stonebridge Resources Exploration Ltd. Introduces New Company President -- Relocates Head Office -- Outlines Company Business Plan

HOUSTON, TX--(Marketwire - May 16, 2008) - Stonebridge Resources Exploration Ltd. (GR: S3C) (PINKSHEETS: SBRX) announced the appointment of Mr. Sidney Lederman as the company's new President and CEO effective immediately. The company has also relocated their head office to:

            800 Steeles Avenue
            Suite B10-163
            Thornhill, Ontario
            Canada L4J-7L2
            (416)-846-3222

In his first line of duties as CEO, Mr. Lederman has implemented new corporate initiatives to diversify Stonebridge's exploration portfolio. The company has concluded an agreement with Development Resources LLC to acquire undivided 50 percent interest in 72 BLM mineral lease claims for gold and silver exploration in the State of Nevada. The recent and steady increase of commodities has motivated management to diversify their exploration efforts into the mining of precious metals. Stonebridge has several options it is currently evaluating and will be appointing qualified management with expertise in the mining industry. Management will target the most viable and economically feasible opportunities before a decision to move forward with additional acquisitions. The company will report on the Nevada mining agreement as information becomes available.

About SBRX (www.otcsbrx.com)

Stonebridge Resources Exploration Ltd. is primarily engaged in the acquisition and development of oil and gas assets and mining exploration in continental North America. The company is aggressively implementing an acquisition-based model and intends to continue to improve all holdings and enhance production wherever available with new technologies.

Forward-Looking Statements

Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.

Contact Information

  • Contact:
    Stonebridge Resources Exploration Ltd.
    Mr. Sidney Lederman
    416-846-3222