Strategic Resource Acquisition Corporation ("SRA") (CNSX:SRZ) is pleased to
announce that it has raised $1,243,976.40 in a first closing in order to advance
its Lagoa Salgada base metal project in south western Portugal.


The first closing of the financing consists of 10,366,470 units at a price of
$0.12 per unit. Each unit consists of one common share and one warrant to
purchase a common share at $0.18 for a period of 18 months from the date of
closing. SRA will use the net proceeds of the proposed financing primarily to
undertake additional drilling, geological and geophysical work, metallurgical
testing and for working capital.


SRA engaged D&D Securities Inc. to act as agent to place, on a best efforts
basis, the units with accredited investors in Canada. SRA has agreed to pay the
agent a cash fee of 8% of the proceeds raised and broker warrants to purchase
common shares at $0.12 per share for a period of 18 months from the date of
closing in the amount of 8% of the number of units sold.


The Lagoa Salgada property in Portugal is located at the northwest extension of
the Iberian Pyrite belt, which hosts numerous past and current producing mines
in both Spain and Portugal. SRA will seek to build on the previous historical
drilling results, do additional work and update the NI 43-101 report that was
prepared for the previous operator of the concession.


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.


Shares outstanding: 23,413,227
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