March 30, 2010 22:30 ET

Stroud Option of Leckie Lake Property Not Proceeding

TORONTO, ONTARIO--(Marketwire - March 30, 2010) - Stroud Resources Ltd. (TSX VENTURE:SDR) ("Stroud") announced that the proposed option of its Leckie Lake gold property to Laurion Mineral Exploration Inc. ("Laurion") announced on February 5, 2010 will not be proceeding. After completion of its due diligence, Laurion has advised Stroud that it does not wish to proceed to enter into a definitive agreement for the optioning of the property. Notwithstanding Laurion's decision, Stroud continues to believe that the property is of significant merit and intends to pursue other alternatives for the funding and advancement of this project.

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