Stroud Announces Grant of Stock Options; Clarifies Leckie Property Disclosure

Stroud Resources Ltd. (TSX VENTURE:SDR) ("Stroud" or the "Company") Stroud
announces that, subject to acceptance by the TSX Venture Exchange, it has
granted options to acquire an aggregate of 3,575,000 common shares to directors,
officers and consultants of the Company under Stroud's stock option plan. Each
option is exercisable to acquire one common share at a price of $0.15 per share
for a three year period. The options vest as to one-third immediately and
one-third on each of the 7 and 13 month anniversaries of the date of grant. The
options granted represent approximately 2.6% of the number of outstanding shares
and, when combined with all other options outstanding under the stock option
plan, approximately 5.5% of the number of outstanding shares.


The Company also wishes to clarify historical resource estimates previously
disclosed regarding the Company's Leckie property located in northeastern
Ontario. In 1996 Dr. Robert Morse, an independent technical consultant to the
Company, calculated "probable ore" (as defined in former National Policy 2A ("NP
2A") of the Canadian Securities Administrators and equivalent to an "indicated
mineral resource" under National Instrument 43-101 ("NI 43-101")) of 348,240
tons grading 0.203 oz/t gold and "possible ore" (as defined in former NP 2A and
equivalent to an "inferred mineral resource" under NI 43-101) of 57,237 tons
grading 0.173 oz/t gold for the property. These calculations were based on a
cut-off grade of 0.10 oz/t gold, a minimum horizontal width of 5 feet and a
density of 10.7 cubic feet per ton. The Company believes that these calculations
continue to be relevant and reliable. However, insufficient work has been done
by a qualified person to classify these historical estimates as current mineral
resources under NI 43-101 and the Company is not treating these historical
estimates as current mineral resources under NI 43-101.


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.