Stroud Provides Update on Private Placement

Stroud Resources Ltd. (TSX VENTURE:SDR) ("Stroud") announced today it has
extended the final date for completion of further tranches of its previously
announced non-brokered private placement to February 19, 2008. Stroud announced
on December 17, 2007 that it had completed a first tranche of 6,550,000 units at
a price of $0.105 per unit raising gross proceeds of $687,750. Stroud is
continuing to market the balance of the offering with a view to raising up to $2
million in the aggregate, inclusive of the first tranche already closed. Each
unit consists of one common share and one-half of one common share purchase
warrant, with each whole warrant entitling the holder to acquire one common
share at a price of $0.15 until December 17, 2009.


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.