PRESS RELEASE
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TSX: SRZ (Cmn Shs)
SRZ.NT (Notes)
SRZ.NT.A (Notes)
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Suite 401, One University Avenue
Toronto, Ontario
M5J 2P1
(416) 861-0430
www.sra-corporation.com
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SRA Announces Board
Appointment
Toronto, Ontario. March 18, 2008 – Strategic
Resource Acquisition Corporation (“SRA” or the
“Company”) is pleased to announce the appointment of Ronald P.
Gagel, C.A.
to the Board of Directors of the Company.
Mr.
Gagel is currently Senior Vice President and Chief Financial Officer of FNX
Mining Company Inc. in Toronto.
A chartered accountant with more than 25 years of professional experience
predominantly in the natural resource sector, Mr. Gagel serves on the boards of
HudBay Minerals Inc. and Central Sun Mining Inc. (formerly Glencairn Gold
Corp.) as well as the Prospectors and Developers Association of Canada.
Victor Wyprysky,
President & CEO of SRA commented, “We are very pleased that Ron has
joined our Board of Directors. I know he will make an invaluable contribution
as we continue on course to becoming a major zinc producer.”
Mr.
Gagel’s appointment is coincident with the previously announced purchase
of SRA’s common shares by FNX Mining Company Inc. He will be granted
70,000 options in SRA at an exercise price of $2.70 per share for a period of
five years.
About SRA
SRA Corporation is focused
on the development of the MTM zinc project in the State of Tennessee. The MTM mining and milling
complex is located approximately 80 kms east of Nashville with excellent infrastructure
including roads, water, power, major airport and access to a well-trained
workforce. MTM will produce one of the highest quality zinc concentrates in the
world and efforts are underway to establish recovery methods for the valuable
germanium and gallium contained in the concentrate. Once in full production, the Gordonsville Complex at MTM is
expected to be the largest zinc producer and domestic source
of germanium and gallium in the continental USA.
The Company also plans to
explore and develop additional properties and redeploy cash flow to pursue a
strategy of accretive acquisitions.
For further
information, please email info@sra-corporation.com
or contact:
Victor P. Wyprysky Ian M. MacNeily
President and Chief
Executive Officer Executive VP and Chief Financial Officer
Tel: (416) 861-0430 ext.
1833 Tel: (416) 861-0430 ext. 1422
Email: victor.wyprysky@sra-corporation.com
Email: ian.macneily@sra-corporation.com
Donna Yoshimatsu
VP Investor Relations & Communications
Tel: (416) 861-0430 ext. 1003
Email: donna.yoshimatsu@sra-corporation.com