April 07, 2006 07:47 ET

Stroud Resources Ltd.: Drilling To Recommence At Stroud's Santo Domingo Silver Project

TORONTO, ONTARIO--(CCNMatthews - April 7, 2006) - Stroud Resources Ltd. (TSX VENTURE:SDR)("Stroud") is pleased to announce that it has re-engaged its drilling contractor, Heath & Sherwood Drilling Inc., to recommence drilling at the Santo Domingo epithermal silver-gold project in central Mexico, 90 kilometres north of Guadalajara. Drilling is expected to commence within 45 days. The 900 metre diamond drill program is to further investigate the grade and depth of the two mineralized zones identified by previous exploration work on the property. These two zones have average widths of 15 to 35 metres and have been traced over a strike length of more than 700 metres and remain open at depth and along strike. Subject to regulatory approval, Stroud has agreed to issue to Heath & Sherwood 750,000 common shares in satisfaction of all past drilling services. The shares will be held in escrow and released upon successful completion of 900 metres of drilling, provided that drilling is completed within a stipulated timeframe. The shares will be subject to a 4-month hold period.

In March, 2006 Stroud announced that it has entered into an agreement with Amerix Precious Metals Corporation for the purchase of Amerix's 50% indirect interest in the Santo Domingo project. The transaction, which would give Stroud 100% ownership, is subject to financing.

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, 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.

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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