SRA Announces Robust Scoping Study on Germanium and Gallium

TORONTO, ONTARIO, Jul 22 (MARKET WIRE) --
Strategic Resource Acquisition Corporation ("SRA") (TSX: SRZ)(TSX:
SRZ.NT)(TSX: SRZ.NT.A) is pleased to announce the results of a
preliminary assessment ("scoping study") conducted by Aker Metals on the
economic viability of a process to recover both Germanium (Ge) and
Gallium (Ga) in the zinc leachate from smelting Mid-Tennessee zinc (MTZ)
concentrate.

The study is based on a projected plant feed of 13,000 dmt p.a. of
leachate with a process recovery of 84% Ge and 82% Ga. At selling prices
of US $1,000/kg Ge and US $300/kg Ga, a considerable discount from
today's spot price, potential annual sales are estimated to be US $40
million with operating profit of $25 million, representing an eighteen
month payback on capital.

The estimated capital cost of US $34 million is inclusive of costs up to
and including plant commissioning and start-up and assumes the plant is
an add-on to the existing facilities at MTZ. Economics for purposes of
the study have been based on 0.54 wt% Ga and 0.2 wt% Ge as tested in the
laboratory, however average historic leachate assays for both metals have
been in excess of study values.

The Aker Metals scoping study concludes that "with annual operating costs
under US $15 million and an estimated capital cost of US $34 million, the
recovery and sale of germanium and gallium from MTZ zinc leachate is very
attractive financially. Additional testing at the pilot scale level is
required to further examine the viability of the conceptual process and
demonstrate recoveries and product purity levels."

Victor Wyprysky, President & CEO of SRA commented, "The economics
demonstrated in the proposed Ge/Ga recovery plant effectively reduces our
projected production costs by at least $0.15 per lb. of zinc and is
attractive to potential joint venture partners we are currently in
discussions with".

SRA is now proceeding with the permitting, laboratory testing of the
recovery process and planning of the pilot plant which is expected to be
completed by first quarter 2009. In the interim, the Company can sell its
Ge/Ga rich leachate for the next two years for $10 to $15 million p.a.
Gallium and Germanium are used in high growth industries including
semi-conductors, wireless devices, fibre optics, high brightness LED's
and solar energy.

Qualified Person

John P. Thompson, MSc., P.Eng., Vice President, Resource Development for
SRA is the designated Qualified Person pursuant to NI 43-101 of the
Canadian Securities Administrators and is responsible for the
verification and quality assurance of the technical content of this news
release.

Cautionary Statement on Forward-Looking Information

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, the
future price of zinc or other metal prices, the estimation of mineral
resources and realization of mineral resource estimates, the timing and
amount of estimated future production, costs of production, capital,
operating and exploration expenditures, costs and timing of the
development of new deposits and future exploration, requirements for
additional capital, government regulation of mining operations,
environmental risks, reclamation expenses, title disputes or claims,
limitations of insurance coverage and the timing and possible outcome of
regulatory matters. These statements reflect management's current beliefs
and are based on information currently available. Forward-looking
statements involve significant risks, uncertainties and assumptions and
other factors that 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. A number of factors could cause actual
results to differ materially from the results discussed in the
forward-looking statements, including those listed in the ''Risk
Factors'' section of the Company's prospectus on file with Canadian
provincial securities regulatory authorities.

Contacts:
Strategic Resource Acquisition Corporation
Victor P. Wyprysky
President and Chief Executive Officer
(416) 861-0430 ext. 1833
Email: victor.wyprysky@sra-corporation.com

Strategic Resource Acquisition Corporation
Ian M. MacNeily
Executive VP and Chief Financial Officer
(416) 861-0430 ext. 1422
Email: ian.macneily@sra-corporation.com

Strategic Resource Acquisition Corporation
Donna Yoshimatsu
VP Investor Relations & Communications
(416) 861-0430 ext. 1003
Email: donna.yoshimatsu@sra-corporation.com
Website: www.sra-corporation.com

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