Stroud Announces Reduction in Exercise Price of Warrants

TORONTO, ONTARIO ("Stroud") announced today that it has received the consent of the TSX Venture Exchange to the reduction in the exercise price of warrants issued by the company pursuant to a private placement completed on May 4, 2006. The exercise price of 5,695,278 warrants has been reduced from the original exercise price of $0.30 per share to $0.15 per share with the original expiry date of May 4, 2008 still being applicable. Insiders of Stroud hold 7,138,056 warrants and in accordance with the policies of the TSX Venture Exchange, the re-pricing will only be applicable to 1,166,666 of such warrants, being 10% of the 11,666,667 warrants outstanding. The re-priced warrants held by insiders may be exercised on a pro-rata basis.

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.

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

Contacts: Stroud Resources Ltd. Mr. George Coburn President and CEO [phone] Website: www.stroudresourcesltd.com