SRA Announces Consolidation, Financing and New Listing

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Strategic Resource Acquisition Corporation ("SRA") (TSX VENTURE:SRZ.H) is
pleased to announce that at the Annual and Special Meeting of Shareholders held
on March 30, 2010, the shareholders voted overwhelmingly in favour of
consolidating the issued and outstanding common shares of SRA on the basis of
one post-consolidation common share for every twelve pre-consolidation common
shares (the "Consolidation"). Once the Consolidation is effected, SRA will have
approximately 8,146,756 common shares issued and outstanding. The plan is to
file the Articles of Amendment to give effect to the Consolidation next week. 


SRA today closed a private placement financing of $490,000 through the issuance
of non-interest bearing convertible debentures which are convertible into units
of SRA at the price of 10 cents per unit, each unit consisting of one common
share of SRA on a post Consolidation basis and a 12 month, one-half common share
purchase warrant pursuant to which each whole warrant is exercisable at the
price of $0.15 per share. The use of proceeds will be used to complete the
previously announced acquisition (Feb 24, 2010 Press Release) of Redcorp
Empreendimentos Mineiros Unipessoal, Lda, ("REM"), through a wholly-owned
subsidiary of SRA. The debenture conversion is automatic once the share
Consolidation is effected. 


SRA has also received conditional approval to list the common shares of SRA on
the Canadian National Stock Exchange ("CNSX") pending completion of the
acquisition of REM and compliance with usual listing requirements.


SRA is a Toronto-based mineral development company, focused on acquisition and
development of base and precious metal properties in Canada and in low-risk
foreign locations.