Stratton Resources Inc.
TSX VENTURE : SI

Stratton Resources Inc.

September 13, 2011 17:47 ET

Stratton Resources Completes Acquisition of AZ Copper; Executes Purchase Agreement for Lunar Copper Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 13, 2011) - Stratton Resources Inc. (TSX VENTURE:SI) ("Stratton" or the "Company") is pleased to announce the completion of its previously announced acquisition of all outstanding shares of privately held AZ Copper Corp. (see Stratton May 19, 2011 news release).

The TSX Venture Exchange has issued its Final Exchange Bulletin in respect of the reverse take-over transaction as described in the Company's Filing Statement dated August 28, 2011 and filed on SEDAR at www.sedar.com. Stratton's stock will resume trading on a post-split (2:1) basis on the TSX Venture Exchange under the ticker symbol "SI" on Wednesday, September 14, 2011.

Stratton's President, Greg McCunn, said, "With our management team in place and the recently completed $8.5 million financing, we have begun advancing our exploration programs at both the MAC Project and Bear Canyon Project. Our goal is to have exploration drilling underway at both properties in the coming weeks."

As a result of the acquisition, Stratton issued ten million shares to AZ Copper Corp. shareholders resulting in there being 29,094,164 common shares of Stratton issued and outstanding on an undiluted basis, of which 6,523,914 are subject to escrow restrictions. Including warrants and stock options granted, there are a total of 42,600,096 issued and outstanding shares on a fully diluted basis. The record date for the stock split is September 13, 2011.

The Company also announces that it has executed a definitive purchase agreement to acquire 100% of the Lunar copper project in northern British Columbia from Homegold Resources, a privately held company. The Lunar copper porphyry project consists of approximately 12,500 hectares of land and is located 90 kilometers north of the Kemess mine (Northgate Minerals) in northern British Columbia.

The Lunar purchase agreement requires the Company to pay $70,000 at closing at which time the Lunar claims will be conveyed to Stratton. Shares are payable in conjunction with exploration spending on the Property – 100,000 shares following $2 million in expenditure, an additional 150,000 shares after a total of $5 million in expenditure and a final payment of 250,000 shares after a total of $10 million in expenditure. The Company is not obligated to make any expenditure on the Property and the agreement is not an option. The Lunar property is subject to a 2.75% NSR royalty, which the Company can purchase up to 1.5% at any time.

Chief Operating Officer Richard Haslinger stated, "The Lunar Copper Project is another porphyry style exploration property added to the Company's portfolio. We are currently compiling historical work on the property to put into a NI 43-101 compliant report, which will recommend a modest initial work program near term to assist planning for more significant exploration activity in the future. We are pleased that a project with considerable potential could be acquired for a very modest up-front cost."

On behalf of the Board of Directors,

Greg McCunn, President & CEO

About Stratton Resources:

Stratton Resources Inc. is a Canadian mineral exploration company focused on the discovery and development of porphyry molybdenum deposits in British Columbia and Arizona. Stratton's goal is to build a quality asset portfolio consisting of base metal properties at various stages of development.

The Company's flagship project is the advanced stage MAC Molybdenum Project located approximately 100 kilometers northwest of Fort St. James in central British Columbia. Historical exploration work completed on the MAC project has identified significant zones of porphyry molybdenum and copper mineralization. The Company also is advancing exploration drilling on its Bear Canyon copper project in south-eastern Arizona and holds a 100% interest in the Mt Hayes copper porphyry project located on the South Coast of British Columbia. The Company has also signed a final Purchase and Sale Agreement on the Lunar Copper Porphyry Project located 90 kilometers north of the Kemess mine (Northgate Minerals) in northern British Columbia.

With an experienced management team that has a proven track record of successful discovery and development of mineral deposits, Stratton is positioned to rapidly build shareholder value. For more information please visit our website at www.strattonresources.com.

Disclosure Notes

The above release contains forward looking information which in Stratton's view is based on reasonable assumptions and estimates. There can be no assurance that forward looking statements will prove to be accurate and are subject to may factors beyond the control of Stratton including third party consents, regulatory approvals the state of capital markets and the appetite for higher risk junior resource companies. For further details about Stratton and the risks it faces see its public filings at www.sedar.com.

The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

Neither the TSX Venture Exchange nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release.

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