August 08, 2006 08:00 ET

Stroud Acquires Remaining 50% Interest in Santo Domingo Silver Project

TORONTO, ONTARIO--(CCNMatthews - Aug. 8, 2006) - Stroud Resources Ltd. (TSX VENTURE:SDR) ("Stroud" or the "Company") is pleased to announce that it has completed its previously announced acquisition of the remaining 50% interest in the Santo Domingo Silver Project in central Mexico from its joint venture partner, Amerix Precious Metals Corporation, bringing its ownership interest in the project to 100%.

The purchase price for the 50% interest was Cdn$1.8 million, satisfied as to Cdn$1.5 million in cash and Cdn$300.000 by the offset of a receivable owing to Stroud. In addition, Stroud granted to Amerix a royalty equal to 5% of the net proceeds from the sale of minerals from the project, to a maximum of Cdn$1.0 million.

Stroud's 900 meter diamond drilling program on the project is scheduled to recommence this week after a short break for the drilling team and to supply the drill rig with Tricone drilling bits and mud rods (Tricone bits are non-coring bits that are very useful at penetrating weathered bedrock).

Stroud is a debt-free exploration company focused on the discovery and exploration of silver and gold deposits in Mexico and Ontario. Stroud owns a 100% interest in the Santo Domingo epithermal silver-gold project in central Mexico. In addition to the Santo Domingo project, Stroud's assets include 100% interests in the Hislop gold property, near Timmins, Ontario and the Leckie gold property, near North Bay, Ontario. Stroud also generates cash flow from a 3.75% interest in four natural gas, and natural gas condensate wells in central Alberta. Stroud's corporate goal is to create a mineral based company with projects that are characterized as world-class in status and with the potential for near-term production.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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