December 15, 2010 16:40 ET

Stroud Closes Further Tranche of Placement/Extends Balance

TORONTO, ONTARIO--(Marketwire - Dec. 15, 2010) - Stroud Resources Ltd. (TSX VENTURE:SDR) ("Stroud") is pleased to announce that it has completed a further tranche of its previously announced non-brokered private placement. Stroud has issued and sold 17,353,686 units at a price of $0.07 per unit raising gross proceeds of $1,214,758.02. Each unit consisted of one common share and one-half of one common share purchase warrant, with each warrant entitling the holder to acquire one common share at a price of $0.12 for a period of 24 months from the date of issue. In connection with the placement, the Company paid cash finder's fees of $75,233.06 to registered dealers who arranged for some of the purchasers of units. All securities issued pursuant to the private placement are subject to a 4-month hold period.

Proceeds from the private placement will be used for general corporate purposes and to fund further exploration on Stroud's 100% owned Santo Domingo silver project in Jalisco, Mexico.

A total of $1,687,258.02 has been raised to date by Stroud in the private placement. Stroud is continuing to market the balance of the private placement with a view to raising additional funds up to $2.5 million, inclusive of the portion already closed.

The Company has extended the final date for completion of further tranches of the private placement to January 15, 2011.

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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