June 27, 2005 09:05 ET

Stroud Resources And Amerix Commence Drilling On Santo Domingo Silver-Gold Property; Acquire Remaining Miniority Interest

TORONTO, ONTARIO--(CCNMatthews - June 27, 2005) - Stroud Resources Ltd. (TSX VENTURE:SDR) ("Stroud") and Amerix Precious Metals Corporation (TSX VENTURE:APM) ("Amerix") announced today that drilling has commenced on their jointly owned Santo Domingo silver-gold property.

The $1.5 million exploration program currently underway and operated by Stroud includes a recently completed 2.8 km road enabling drilling along the entire 700-metre strike length of the known mineralization. Initial plans call for a 15 hole program totaling 1500 meters.

Previously announced drill hole intercepts include 229 grams per tonne (gpt) silver, 0.57 gpt gold across 24.0 m; 123 gpt silver, 0.39 gpt gold over 45.3 m; and 79 gpt silver, 0.20 gpt gold over 24.0 m.

Stroud and Amerix, equal shareholders in the Mexican subsidiary Compania Minera San Diego y La Espanola, S.A. de C.V. (SDLE), have acquired the remaining 8.7% minority interest from Spanish interests. With the acquisition, Stroud and Amerix each hold a 50% direct interest in SDLE, and indirectly in the Santo Domingo silver/gold project.

Amerix and Stroud each paid US$200,000 for a combined total of US$400,000 in cash and each granted to the vendor a 1.0% net smelter return royalty (NSR) on future production. Payments will be required to be made on a quarterly basis, beginning three months after commercial production is achieved, and would be shared equally by Stroud and Amerix up to an aggregate maximum of US$2.45 million.

Stroud is a debt-free exploration company focused on the discovery and exploration of silver and gold deposits in Mexico and Ontario. In addition to the Santo Domingo project in Jalisco, Mexico, 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 condensate wells in central Alberta.

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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