NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Strategic Resource Acquisition Corporation ("SRA") (TSX VENTURE:SRZ.H) announces
that at its upcoming Annual and Special Meeting of Shareholders scheduled for
March 30, 2010 (the "AGM"), it will seek the approval of shareholders to
consolidate its issued and outstanding common shares (the "Consolidation") on
the basis of one post-consolidation common share for every twelve
pre-consolidation common shares.


SRA is also considering a financing of between five hundred thousand dollars and
one million dollars. The use of proceeds will be to complete the previously
announced acquisition of Redcorp Empreendimentos Mineiros Unipessoal, Lda,
(REM), through a wholly-owned subsidiary of SRA (the "REM Subsidiary") and fund
a work program on the asset. The terms for the financing, as currently
contemplated, are a non-interest bearing convertible debenture convertible into
SRA common shares at 10 cents per share after the Consolidation on a post
consolidation basis and half a warrant at 15 cents. The debenture conversion is
automatic once the share consolidation is completed. In the event that the
consolidation is not approved at the AGM, the debenture investors would have the
right, under certain circumstances, to elect to exercise security rights and
acquire the REM Subsidiary. Additional information about the financing will be
released once finalized.


Based on the 97,761,075 SRA common shares issued and outstanding as of today's
date, after the Consolidation, if approved, SRA will have approximately
8,146,756 common shares issued and outstanding. The Consolidation is subject to
shareholder and regulatory approval. The Financing is subject to exchange
approval.


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.


This news release contains "forward-looking information" which may include, but
is not limited to, statements with respect to the future financial or operating
performance of the Company and its projects. Often, but not always,
forward-looking statements can be identified by the use of words such as
"plans", "expects", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", or "believes" or variations (including
negative variations) of such words and phrases, or state that certain actions,
events or results "may", "could", "would", "might" or "will" be taken, occur or
be achieved. Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance
or achievements of the Company to be materially different from any future
results, performance or achievements expressed or implied by the forward-looking
statements. Forward-looking statements contained herein are made as of the date
of this press release and the Company disclaims any obligation to update any
forward-looking statements, whether as a result of new information, future
events or results or otherwise. There can be no assurance that forward-looking
statements will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. The Company
undertakes no obligation to update forward-looking statements if circumstances,
management's estimates or opinions should change, except as required by
securities legislation. Accordingly, the reader is cautioned not to place undue
reliance on forward-looking statements.
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