June 23, 2008 08:30 ET

Stroud Resources Engages CHF Investor Relations

TORONTO, ONTARIO--(Marketwire - June 23, 2008) - Stroud Resources Ltd. (TSX VENTURE:SDR) ("Stroud" or the "Company") today announced that, subject to TSX Venture Exchange approval, it has retained CHF Investor Relations (Cavalcanti Hume Funfer Inc.), to develop and implement an investor relations program for the Company. CHF, with offices in Toronto, Calgary, New York, Sao Paulo, Brazil; and Shanghai, China, provides outsourced investor relations services to a broad range of TSX and TSX Venture-listed companies operating in mineral exploration and production, high-tech, industrial and business solutions, niche financial products, oil & gas, telecommunications, and "green" industries.

Effective immediately, CHF will provide comprehensive investor relations services for an initial period of twelve months, subject to earlier termination in certain circumstances. After June 14, 2009, services may continue on an open-ended basis whereby cancellation by either party requires three months' notice. CHF will be paid a monthly fee of $6,000 plus allowable disbursements. Additionally, subject to regulatory approval, Stroud has agreed to grant incentive stock options to CHF in the amount of 200,000 at $0.25 granted immediately upon engagement, vesting quarterly over 12 months, expiring in two years time from the grant date; and be eligible to receive another 200,000 options in month seven of the contract.

About Stroud Resources Ltd.

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.

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

Contact Information

  • Stroud Resources Ltd.
    Mr. George Coburn
    President and CEO
    (416) 362-4126
    CHF Investor Relations
    Christopher Haldane
    Account Manager
    (416) 868-1079 ext. 237