Strateco Resources Inc.
TSX VENTURE : RSC
OTC Bulletin Board : SRSIF
FRANKFURT : RF9

Strateco Resources Inc.

March 22, 2007 09:28 ET

Strateco Resources Adopts a Shareholder Rights Plan

MONTREAL, QUEBEC--(CCNMatthews - March 22, 2007) - THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

Strateco Resources Inc. ("Strateco")(TSX VENTURE:RSC)(FRANKFURT:RF9)(OTCBB:SRSIF) announces that its Board of Directors has adopted as of March 21, 2007 a Shareholder Rights Plan (the "Plan") to encourage a fair treatment of shareholders, should a take-over bid be made for Strateco. The Plan is effective today and will provide the Board of Directors of Strateco (the "Board") and the Shareholders, more time to consider unsolicited take-over bid for Strateco. The Plan is intended to discourage coercive or unfair take-over bids and gives the Board time to pursue alternatives to maximize Shareholder's value, if appropriate, in the event of an unsolicited take-over bid.

The Plan has not been adopted in response to, or in contemplation of, any specific proposal to acquire control of Strateco. The Plan is subject to acceptance by the TSX Venture Exchange and must be ratified by the Shareholders within six months of the effective date of the Plan. Unless otherwise terminated in accordance with its terms, the Plan will terminate at the close of the third Annual Meeting of Strateco Shareholders following the meeting at which the Plan is ratified by Shareholders, unless the Plan is reconfirmed and extended at such meeting.

The Board is of the view that the success of the recent exploration campaigns on the Matoush property might have created an environment where an opportunistic take-over offer could be made for Strateco. Such an offer may not be in the best interest of all Shareholders. Consequently, the Board of Directors has adopted a Shareholder Rights Plan, the benefits of which extend to Strateco Shareholders should an offer be made for Strateco.

The Rights issued under the Plan will become exercisable only when a person, including any party related to it, acquires or announces its intention to acquire 20% or more of the outstanding shares of Strateco without complying with the "Permitted Bid" provisions of the Plan or without approval of the Board. Should such acquisition occur, each right will, upon exercise, entitle a right holder other than the acquiring person or related persons to purchase shares of Strateco at a substantial discount to the market price at the time.

Under the Plan, a "Permitted Bid" is a bid made to all shareholders of Strateco and is open for acceptance for not less than 60 days. If, at the end of such 60 day period, at least 50% of the outstanding shares, other than those owned by the offeror or certain related parties, have been tendered, the offeror may take up and pay for the shares but must extend the bid for a further 10 days to allow other shareholders to tender.

The Plan is similar to other Shareholder Rights Plan recently adopted by several other Canadian companies and approved by their respective shareholders. A complete copy of the Shareholder Rights Plan will be filed on SEDAR soon.

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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