June 17, 2009 08:30 ET

Stroud Provides Update on Private Placement

TORONTO, ONTARIO--(Marketwire - June 17, 2009) - Stroud Resources Ltd. (TSX VENTURE:SDR) ("Stroud") announced today it has extended the final date for completion of further tranches of its previously announced non-brokered private placement to July 17, 2009. Stroud announced on June 5, 2009 that it had completed a first tranche of 7,653,000 units at a price of $0.05 per unit raising gross proceeds of $382,650. Stroud is continuing to market the balance of the offering with a view to raising up to $1.2 million in the aggregate, inclusive of the first tranche already closed. Each unit consists 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 $0.08 for a period of 12 months from the date of issue.

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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