SRA Stria Lithium Inc

NOT FOR DISSEMINATION IN THE UNITED STATES.

Jan Alston, president of Liard Resources Ltd. ("Liard") wishes to announce plans
for an non-brokered private placement of up to $6,000,000. Proceeds will be used
to complete the previously announced acquisition of a 50% portion of the Two
Mile exploration project in Silver Valley, Idaho from Silver Royal Apex,
Inc.("SRA"), a private Idaho company. This transaction is subject to a number of
conditions, including raising sufficient funds to meet current and planned joint
venture obligations, obtaining a listing on a recognized stock exchange,
entering into an amended and updated arrangement agreement and obtaining final
court approval for the plan of arrangement that was approved by Liard
shareholders on April 23, 2009. Monies from this financing will be escrowed
until such time the proposed acquisition closes, which Liard estimates to be May
30, 2010.


SRA has closed $750,000 of a planned US$2,000,000 private financing, of which
$561,000 has been credited by SRA's Two Mile JV partner Azteca Gold Corp.
("Azteca") against SRA's accrued obligations under the Two Mile JV.


Use of Funds

The following is a 12 month budget summary in US$ for use of the private
placement funds:




--  SRA intends to apply $1,811,000 of its $2 million private financing
    towards the $3.9 million in accumulated obligations to date to Azteca
    Gold under the Two Mile JV Agreement 
--  After closing of the acquisition, Liard will spend $1,522,500 for its
    50% portion of the JV's upcoming drilling campaign and other exploration
    activities 
--  Liard will spend approximately $993,750 on corporate expenses and
    general working capital over the next year 
--  The remaining Two Mile joint venture obligation of SRA to Azteca Gold of
    $2,089,000 will be settled shortly after closing in cash or a
    combination of cash and additional Liard shares in an amount to be
    negotiated with Azteca Gold. 
--  The balance of the funds will be used for general working capital. 



Liard directs readers to an updated National Instrument 43-101 technical report
filed earlier this month on SEDAR titled "Exploration of the Two Mile Creek
Project area near Osburn, Idaho for Lead and Silver," dated April 2, 2010, and
as well, Liard directs readers to review the company's updated company
presentation at www.royalapexventures.com.


WARNING: the Company relies upon litigation protection for "forward looking"
statements. The information in this release may contain forward-looking
information under applicable securities laws. This forward-looking information
is subject to known and unknown risks, uncertainties and other factors that may
cause actual results to differ materially from those implied by the
forward-looking information. Factors that may cause actual results to vary
material include, but are not limited to, inaccurate assumptions concerning the
exploration for and development of mineral deposits, currency fluctuations,
unanticipated operational or technical difficulties, changes in laws or
regulations, the risks of obtaining necessary licenses and permits, changes in
general economic conditions or conditions in the financial markets and the
inability to raise additional financing by either the Company or its joint
venture partner.. Readers are cautioned not to place undue reliance on this
forward-looking information. The Company does not assume the obligation to
revise or update this forward-looking information after the date of this release
or to revise such information to reflect the occurrence of future unanticipated
events, except as may be required under applicable securities laws.


Shares issued: 8,373,254

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