December 28, 2006 16:57 ET

Stroud Completes Flow-Through Financing

TORONTO, ONTARIO--(CCNMatthews - Dec. 28, 2006) - Stroud Resources Ltd. (TSX VENTURE:SDR)("Stroud") announced today that it has completed a non-brokered private placement of 2,480,000 flow-through common shares at a price of $0.25 per share raising gross proceeds of $620,000. The funds raised are in addition to the $375,000 raised by the sale of 1,630,046 flow-through shares sold at a price of $0.23 per share in November 2006. The combined funds will be used to fund diamond drilling on Stroud's Hislop gold property located in Northern Ontario.

Stroud paid a finder's fee of 8% in cash to registered dealers who procured subscriptions for flow-through shares. All securities issued pursuant to the private placement will be subject to a 4-month hold period.

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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