Strateco Resources Inc.
TSX : RSC
FRANKFURT : RF9

Strateco Resources Inc.

August 14, 2012 10:22 ET

Strateco's President to Buy Shares in the Open Market

BOUCHERVILLE, QUEBEC--(Marketwire - Aug. 14, 2012) - Guy Hébert, President and Chief Executive Officer and an insider of Strateco Resources Inc. ("Strateco")(TSX:RSC)(FRANKFURT:RF9), announces that he intends to buy common shares of Strateco on the open market, from time to time, on the Toronto Stock Exchange TSX, while Strateco is awaiting the Canadian Nuclear Safety Commission's decision regarding the issuance of the license for the Matoush project underground exploration program. Mr. Hébert currently owns 6,063,614 shares of Strateco, directly and indirectly.

As mentioned in the quarterly report, in the eventuality that the license for the underground exploration program is granted, Strateco will resume discussions with potential strategic partners.

Strateco's interim MD&A and unaudited condensed interim financial statements for the second quarter of 2012 have been released, and can be found on SEDAR at www.sedar.com.

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.

Contact Information

  • Strateco Resources Inc.
    Guy Hebert
    President and Chief Executive Officer
    450-641-0775 or 1-866-774-7722
    450-641-1601 (FAX)
    ghebert@bbhgm.com

    Strateco Resources Inc.
    Jean-Pierre Lachance
    Executive & Exploration Vice President
    450-641-0775 or 1-866-774-7722
    450-641-1601 (FAX)
    jplachance@bbhgm.com

    Strateco Resources Inc.
    Jason Roy
    Investor Relations Consultant
    647-780-2837 or 514-240-7662
    jroy@stratecoinc.com
    www.stratecoinc.com