¡¡¡¡BOULDER, Colo., Oct. 18 /PRNewswire-FirstCall/ -- Strategic Resources, Ltd. (OTC Bulletin Board: SGCR.OB - News) is pleased to announce the commencement of a drilling program following favorable results from surface sampling taken at its recently acquired San Sebastian Uranium Mine in Argentina (see press releases of April 12, May 12, and June 18, 2007). The drilling program will include an effort to confirm previously available data from the historic operations as well as to expand the areas of interest in establishing the existence of significant mineralization. Following the ongoing mapping, and permitting, drilling of in excess of 2,000 meters in multiple areas will be conducted to build upon the current knowledge of the San Sebastian mine, and evaluation work will also be conducted in the surrounding claims of the Company in order to delineate additional drill targets.

    The four surface samples recently taken by Strategic''s consulting geologists from areas of previous workings at the mine were assayed at the Argentine National Commission of Atomic Energy (C.N.E.A.), the official laboratory of the Argentine government, using ICP analysis. The four samples returned results of 0.165%, 0.150%, 0.148%, and 0.070% U3O8, respectively. The mine consists of over 70 hectares of historic mining rights in La Rioja Province in Northwestern Argentina, in close proximity with Strategic''s 4,500- hectare Cuesta de Miranda and 6,000-hectare Cuesta de Miranda I claims. The property covers historic mining operations and prospective geology for additional production in uranium.

    "We are excited to advance to the drilling stage at San Sebastian, and to be able to commence a drilling program at this time to help in the progress of our overall exploration work in the vicinity," said John Anderson, Chief Executive Officer of Strategic Resources. "We continue to be encouraged about the prospects for exploration and development of our projects, and look forward to steady progress during the rest of the year."

    The San Sebastian Mine is located approximately 75 km west-northwest of La Rioja city via national highway 40. The main uranium host rock is a strongly altered, highly fractured and sheared quartzite/siltstone. Mineralization appears to follow high angle structures striking north-northwest and east-west. Alteration minerals include dark purple fluorite, barite, copper oxides, carnotite, quartz, iron, and manganese oxides. Radiometric survey of the various trenches, open slot cuts and shallow drifts produced gamma anomalies ranging between 2,000 to 8,000 cps with an average background of approximately 500 cps.

    The San Sebastian Mine is located in proximity to other exploration properties currently being explored by other companies or in proximity to properties previously claimed by the Argentine National Commission of Atomic Energy (C.N.E.A.).

    About Strategic Resources:

    Strategic Resources, Ltd. is in the business of exploring, acquiring, and developing advanced precious metals and base metals properties. The Company''s shares are quoted on the OTC Bulletin Board under the symbol "SGCR."

    Statements herein express management''s beliefs and expectations regarding future performance and are forward-looking and involve risks and uncertainties, including, but not limited to, the satisfactory completion of various surveys, the availability of sufficient operating capital to effectuate our business plans; fluctuations in the price of precious and non- precious metals; stock price fluctuations; and other risks. These risks are and will be detailed, from time to time, in Strategic Resources'' Securities and Exchange Commission filings, including its Forms 10-KSB, 10-QSB, and 8-K. Actual results may differ materially from management''s expectations.

    For further information, please visit our web site at http://www.strategicresourcesltd.com.

    Source: Strategic Resources, Ltd.
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