Stroud Resources Ltd. (TSX VENTURE:SDR) ("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.
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