Strateco's New 2012 Drilling Program Generating Excellent Results

BOUCHERVILLE, QUEBEC--(Marketwire - April 23, 2012) - Strateco Resources Inc. ("Strateco") (TSX:RSC)(FRANKFURT:RF9) is pleased to report early results from the 2012 drilling program on its wholly-owned Matoush uranium deposit. The goal of the 15,000 metre drilling program is to better define the mineralized zones discovered in 2010 and 2011, so as to increase the total resource in general and the Indicated resource in particular.

Four holes have been drilled on the Matoush uranium deposit for a total of 2,522 metres. Two of these holes, drilled in early April on the southern extension of the new MT-34A lens, intersected very high grades over substantial widths. Hole MT-12-003 intersected 2.19% eU₃O₈ over 6.7 metres and Hole MT-12-004 intersected 0.50% eU₃O₈ over 25.5 metres, including 2.76% eU₃O₈ over 2.8 metres. These holes were drilled within a radius of about 50 metres of Hole MT-11-032, which had intersected 0.36% U₃O₈ over 27.5 metres in 2011.

The two other holes were drilled on the Matoush deposit to test the northern and southern extensions of the mineralization of the new MT-02 lens. Hole MT-12-001, drilled at the southern end, intersected 0.05% eU₃O₈ over 0.9 metre, and Hole MT-12-002, which confirmed the northern extension of the mineralization, intersected 0.34% eU₃O₈ over 1.6 metres.

See "Matoush Project-Longitudinal" section at www.stratecoinc.com.

Table 1: Drill Results

Four grass roots holes totalling 779 metres were also drilled on the Matoush Extension property in early March 2012. These holes were aimed at testing two geophysical lineaments and the radon anomalies identified by the survey carried out in the fall of 2011. Apart from the discovery of a new dyke, no uranium results were obtained.

Definition drilling on the Matoush project is ongoing. In all, 3,301 metres of the 15,000 metres planned for the 2012 program have been drilled to date. Strateco's president and chief executive officer, Guy Hébert, is very pleased with the start of the new program: "These drill results show that the Matoush project has some of the highest uranium grades in the world. We are on track to substantially increasing the project's mineral resources."

This news release contains forward-looking statements subject to certain risks and uncertainties. There can be no assurance that these statements will prove to be correct. Actual results and future events could differ significantly from those implied by such statements. These risks and uncertainties are discussed in the annual report filed with the securities commissions of British Colombia, Alberta, Ontario and Quebec.