December 10, 2009 18:16 ET

Stroud Completes Private Placement

TORONTO, ONTARIO--(Marketwire - Dec. 10, 2009) - Stroud Resources Ltd. (TSX VENTURE:SDR) ("Stroud") is pleased to announce that it has completed its previously announced non-brokered private placement of units. Stroud has issued and sold today 6,000,000 units at a price of $0.05 per unit raising gross proceeds of $300,000. Each unit consisted of one common share and one common share purchase warrant, with each warrant entitling the holder to acquire one common share at a price of $0.10 until December 10, 2010. The exercise price of the warrants was increased from the price originally announced to comply with regulatory requirements. In connection with the placement, the Company has paid finder's fees of $5,250 to registered dealers who have arranged for 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 or general corporate purposes and to fund further exploration on Stroud's 100% owned Santo Domingo silver project in Jalisco, Mexico.

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.

Contact Information