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TSX to Delist SRA

posted on Nov 20, 08 04:25AM

November 20, 2008

TSX to Delist SRA

TORONTO, ONTARIO--(Marketwire - Nov. 20, 2008) - Strategic Resource Acquisition Corporation ("SRA" or the "Company") (TSX:SRZ)(TSX:SRZ.NT)(TSX:SRZ.NT.A) has been advised that the Listings Committee of the Toronto Stock Exchange ("TSX") has decided to delist the Company's common shares, 10% senior secured notes and 8% unsecured subordinated convertible notes (collectively, the "Securities") following a determination by the TSX that the Company no longer complies with the continued listing requirements of the TSX. The delisting will be effective at the close of market on December 19, 2008. The Company intends to investigate applying for a listing of the Securities on an alternative market such as the NEX.

Management is continuing the process of restructuring the Company's obligations with noteholders and other significant creditors with the objective of providing a comprehensive solution satisfactory to all stakeholders.

For further information, please email info@sra-corporation.com.

CONTACT INFORMATION:

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

or

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

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