Strateco Resources Inc.
OTC Bulletin Board : SRSIF

Strateco Resources Inc.

April 11, 2006 17:17 ET

Strateco Resources Inc.: Uranium in the Otish Mountains

MONTREAL, QUEBEC--(CCNMatthews - April 11, 2006) - Strateco Resources Inc. (TSX VENTURE:RSC); (OTCBB:SRSIF); (FRANKFURT:RF9) ('Strateco') is pleased to announce that all holes drilled to date on the Matoush uranium property have intersected the uranium-bearing structure discovered in 1984 by Hole AM-15, drilled by Uranerz Exploration and Mining ('Uranerz'). Hole AM-15 returned a 16-metre intersection grading 0.95% U3O8 per tonne (19 lbs per ton) at a vertical depth of 220 metres.

In a press release dated March 27, 2006, Strateco announced its intention to release its initial drill results around mid-April 2006. However, due to very high levels of radioactivity registered along the length of mineralized section in each hole, Strateco was obliged to implement standard safety measures prevailing in the industry. Among other things, these measures prohibit the handling of mineralized intersections for a minimum of two weeks after they are extracted to allow time for radioactive gases, including Radon, to be released.

Consequently, initial chemical analysis results will not be available until early May 2006. The samples will be analyzed at the Saskatchewan Research Council laboratory in Saskatoon. This world-renowned laboratory processes the samples of various uranium mines located in Saskatchewan.

Since the beginning of the campaign on March 23rd, four holes have been completed for a total of 1,363 metres.

The following table shows a summary of the mineralized intersections from the holes drilled to date:

Core Estimated Max.
From To length true count
Hole # Collar Azimuth Dip (m) (m) (m) width /sec.
MT-06-1 10+25E/31+55S 279 -47 deg. 277 282 5.0 3.5 6,000
MT-06-2 10+20E/31+55S 275 -49 deg. 284 302 18.0 15.0 24,000
MT-06-3 10+20E/31+55S 270 -45 deg. 263 270 7.0 5.0 1,000
MT-06-4 10+20E/31+55S 274 -52 deg. 298 311 13.0 11.0 19,000
319 323 4.0 3.0 22,800

The uranium mineralization is closely linked to a major fault that has been traced over a distance of approximately six kilometres and would have served as the primary conduit for the uranium-bearing fluids. In general, the mineralization occurs at the periphery of a fault, in a highly-fractured environment strongly altered in clay, chlorite, tourmaline, fuschite and limonite, with fault clay present beside the fault.

Hole Description and Location

AM-15 Drilled in 1984 by Uranerz - vertical depth of intersection
220 metres, angle of drilling 70 degrees, azimuth 275 degrees,
mineralized section 16 metres, grade 0.95% U3O8.

Note: core recovery low - 2-metre clay section: recovery 0.5 metres,
grade 20.4% U3O8. Maximum counts is 12,000 counts per second.
However, no information is available on the type of equipment and

MT-06-1 Vertical depth of intersection 197 metres - located 21
metres north of AM-15, recovery low - 2-metre clay section:
recovery 0%. Strong radioactivity along the section of up to
6,000 counts per second. 5-metre mineralized section.

Note: Due to low core recovery, drilling contractor Major Drilling
assigned a foreman with experience in this type of mineralization to
the Matoush site. Subsequent core recovery was 100% in all holes.

MT-06-2 Vertical depth of intersection 220 metres - twin of AM-15,
(intersection 2 metres south); core recovery 100%, including
the 2 metres of clay. Mineralized intersection 18 metres -
very high radioactivity of up to 24,000 counts per second.

MT-06-3 Vertical depth of intersection 178 metres - located 15
metres south of AM-15; core recovery 100% - medium
radioactivity. Mineralized intersection 7 metres - maximum
1,000 counts per second.

MT-06-4 Vertical depth of intersection 243 metres - located 6 metres
south of AM-15. Intersection of two mineralized zones, the
first located in the hangingwall of the main zone. A new 13-
metre long zone was intersected, composed of a uranium-
bearing mineral (Uranophane), radioactivity of up to 19,000
counts per second; the main, 4-metre thick zone was
intersected 8.0 metres down hole; radioactivity of up to
22,800 counts per second; core recovery 100%.

Strateco plans to continue drilling the uranium-bearing structure around AM-15 at 25-metre spacing until this strong uranium-bearing concentration has been outlined. The reason for using a staggered 25-metre grid, which is relatively close for exploration drilling, is that the type of deposit being explored for could be relatively small yet still very high in value.

This type of concentration is characteristic of many Saskatchewan uranium deposits, including Cameco's Millenium project, where high uranium grades occur in fractures within the sedimentary rocks and the main deposit sits at the contact of the sedimentary and volcanic rocks. The Matoush project has various characteristics in common with the structural context of the Millenium project. The mineralization and the geological context found at Matoush presents many similarities with the "perched bodies" found above the uranium deposits of McArthur River and Cigar Lake located in the Athabasca basin in Saskatchewan.

On Matoush, Strateco has not yet drilled the basement sediments unconformity. The Matoush structure has been identified over a distance of nearly six kilometres and strikes north-south.

The Matoush project is in the Otish Mountains, about 300 kilometres northwest of Chibougamau. The property is wholly-owned by Strateco. The Matoush project consists of 130 mining claims, including the 25 Matoush property claims, the 90 Eclat property claims and the 15 claims adjacent to the Matoush property that Strateco acquired by staking.

Strateco president Guy Hebert stated: "We are extremely enthusiastic about the promising potential of the Matoush property."

Qualified Person

Jean-Pierre Lachance, geologist, is the qualified person as defined by National Instrument 43-101. He has over 30 years of experience in mining exploration.

Forward-Looking Statements

This press release contains forward-looking statements subject to certain risks and uncertainties. There can be no assurance that these statements will prove to be correct, and actual results and future events could differ materially from those implied by such statements. These risks and uncertainties are discussed in the annual report filed with the securities commissions of Alberta, British Columbia and Quebec, and in the 10-KSB annual report filed with the US Securities and Exchange Commission. The Company does not undertake to publicly revise or update any such statements on the basis of new information, future events or any other event.

The TSX venture exchange does not accept responsibility for the adequacy or accuracy of this release.

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