STROUD RESOURCES LTD.
TSX VENTURE : SDR

STROUD RESOURCES LTD.

December 18, 2006 16:03 ET

Stroud Intersects 5.11 Metres of 6.49 g/t Gold at Hislop Project

TORONTO, ONTARIO--(CCNMatthews - Dec. 18, 2006) - Stroud Resources Ltd. (TSX VENTURE:SDR) ("Stroud" or the "Company") is pleased to report the results of its initial three drill holes from its current 6,100 metre drill program at its 100% owned Hislop project near Timmins, Ontario.

Drill hole 256 intersected a mineralized zone grading of 6.49(g/t) gold over 5.11 metres on section 3355 (the northern limit of the property for which a prior resource calculation has been made). Please refer to Hislop's NI 43-101 Compliant Report, prepared by Behre Dolbear & Company Ltd., dated October 25, 2004, which may be viewed on SEDAR for resource calculations. Drill holes 254 and 255 exceeded the minimum cut-offs for the resource calculation (cut-offs for the resource calculation are 3.45(g/t) gold over 1.5 metres).

Twenty two drill holes have been planned for the current (2006-2007) drill program. The total meterage for the planned holes is approximately 8,500 metres. This meterage can be broken into two phases; the first consisting of 16 DDHs totaling 6,100 metres and the second consisting of 6 DDHs totaling 2,400 metres. The program is designed to further qualify, quantify and extend the known zones of mineralization.

Previous drill programs have successfully traced a mineralized system on Stroud's Hislop property extending over a strike length of approximately 650 metres. This mineralized system basically consists of a bi-furcating system of quartz veins trending 045 degrees with a central vein system dipping approximately 70 degrees to the south. The bi-furcating vein system has the same trend but dips 045 degrees to the south. Specifically, the auriferous mineralization is closely associated with "grey veins", which in turn are associated with multiple silica events carrying fine grained pyrite and cutting previous or closely coincident quartz veins, silicified feldspar porphyry or silicified volcanics.

The drill program commenced on November 6th and to date approximately 2,000 metres of core have been drilled in eight holes. Two of these holes had to be abandoned before reaching the designated target due to difficulties encountered in the hole. The other three holes successfully reached target depth. The eighth hole is currently being drilled.



-------------------------------------------------------
Depth Depth To Length Gold
Section Hole From (m) (m) (m) (g/t)
-------------------------------------------------------

-------------------------------------------------------
3480 254 211.00 212.40 1.40 4.68
-------------------------------------------------------
3434 255 241.33 242.63 1.90 3.28
-------------------------------------------------------
3355 256 222.25 227.36 5.11 6.49
-------------------------------------------------------
(incl) 225.53 226.45 0.92 14.95
-------------------------------------------------------

The widths above are drill intercepts and not true widths.
True widths to be determined.
Please see the attached map to show the location of the drill holes.


There has been insufficient exploration to define the potential quantity and grade at this time and it is uncertain that further exploration will result in further discoveries on the property.

The drill core sampling program includes the use of sample bags, 10% blanks and certified standard reference samples. The drill core is sawed in half, with one half sent out for assay and the other half stored in Stroud's secure facility. The samples are subjected to full sample preparation followed by a 50g fire assay with a gravimetric finish. George Coburn P.Geo., President and CEO of Stroud Resources Ltd., is the qualified person within the meaning of National Instrument 43-101 for the project and has verified the data contained in this news release, including sampling, analytical and test data. Analytical work is performed by ALS Chemex of Timmins, ON (ISO 9001 Certified assayer).

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.

To view the attached map, please click on the following link: http://www.ccnmatthews.com/docs/stroud.jpg

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

Contact Information