STROUD RESOURCES LTD.
TSX VENTURE : SDR

STROUD RESOURCES LTD.

April 15, 2008 17:00 ET

Stroud Announces Grant of Stock Options; Clarifies Leckie Property Disclosure

TORONTO, ONTARIO--(Marketwire - April 15, 2008) - Stroud Resources Ltd. (TSX VENTURE:SDR) ("Stroud" or the "Company") Stroud announces that, subject to acceptance by the TSX Venture Exchange, it has granted options to acquire an aggregate of 3,575,000 common shares to directors, officers and consultants of the Company under Stroud's stock option plan. Each option is exercisable to acquire one common share at a price of $0.15 per share for a three year period. The options vest as to one-third immediately and one-third on each of the 7 and 13 month anniversaries of the date of grant. The options granted represent approximately 2.6% of the number of outstanding shares and, when combined with all other options outstanding under the stock option plan, approximately 5.5% of the number of outstanding shares.

The Company also wishes to clarify historical resource estimates previously disclosed regarding the Company's Leckie property located in northeastern Ontario. In 1996 Dr. Robert Morse, an independent technical consultant to the Company, calculated "probable ore" (as defined in former National Policy 2A ("NP 2A") of the Canadian Securities Administrators and equivalent to an "indicated mineral resource" under National Instrument 43-101 ("NI 43-101")) of 348,240 tons grading 0.203 oz/t gold and "possible ore" (as defined in former NP 2A and equivalent to an "inferred mineral resource" under NI 43-101) of 57,237 tons grading 0.173 oz/t gold for the property. These calculations were based on a cut-off grade of 0.10 oz/t gold, a minimum horizontal width of 5 feet and a density of 10.7 cubic feet per ton. The Company believes that these calculations continue to be relevant and reliable. However, insufficient work has been done by a qualified person to classify these historical estimates as current mineral resources under NI 43-101 and the Company is not treating these historical estimates as current mineral resources under NI 43-101.

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 six natural gas, and natural gas condensate wells in central Alberta.

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

Contact Information