Strateco Resources Inc SRSIF

Energy

Strateco Resources Inc. is a mining company. The Company is engaged in uranium exploration and development. The Company's Matoush project is located in the Otish Mountains of northern Quebec, approximately 275 kilometers north of Chibougamau and over 210 kilometers northeast of Mistissini. The Matoush project consists of the Matoush, Matoush Extension and Eclat properties, as well as the Pacific-Bay-Matoush property. The Matoush project comprises approximately 590 claims covering a total area of over 31,195 hectares. The Matoush property is located approximately 275 kilometers north of Chibougamau in the Otish Mountains of northern Quebec, Canada. The Eclat property is located in the Otish Mountains of northern Quebec, immediately south of the Matoush property. The Matoush Extension property is located north, west and east of the Matoush property in the Otish Mountains, in Northern Quebec. The Pacific-Bay Matoush Property is located in the Otish Mountains in northern Quebec.

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Strateco Resources Inc

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Post by gadchrison Jul 27, 2009 4:52pm

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Post# 16169719

NEWS: 0.99% eU3O8 Over 30.6 Metres

Strateco Intersects 0.99% eU3O8 Over 30.6 Metres Including 5.98% eU3O8 Over 4.5 Metres on Matoush Property

MONTREAL, QUEBEC--(Marketwire - July27, 2009) - Strateco Resources Inc.(TSX:RSC)(FRANKFURT:RF9)(OTCBB:SRSIF) ("Strateco") is pleased toannounce a new uranium high grade intersection in the extension of theMT-34 lens.

In fact, hole MT-09-022 has intersected 0.99% eU3O8 over 30.6 metres including 5.98% eU3O8 over 4.5 metres.

This drillhole, with a pierce point located on section 34+85S at avertical depth of 456 metres in the extension on the MT-34 lens, is oneof the best holes drilled to date by Strateco on its wholly-ownedMatoush property.

The MT-09-022 results are even more exciting since the pierce pointis located outside of the resources estimated by Scott Wilson RoscoePostle Associates Inc. ("Scott Wilson RPA") published in September 2008.

Another drillhole is planned at the same elevation, 50 metres southof MT-09-022, to fill in the gap between holes MT-09-022 and MT-08-062located 100 metres apart.

The true width of the mineralized sections has not yet been determined.

Location of pierce point of hole MT-09-022 can be seen on the MT-34 longitudinal section available on the company's website at www.stratecoinc.com.

As indicated in the press release dated July 8th, 2009, ScottWilson RPA was mandated to realize a new resource estimate on the MT-34zone. The complete report of this resource estimation should beavailable at the end of August 2009.

Since the drilling program began in February 2009, 20,000 metres ofthe planned 30,000 metres of exploration drilling in 2009 have beencompleted.

Strateco plans to carry out 60,000 metres of surface drilling peryear in 2010 and 2011, in parallel with underground exploration work.The results of the surface drilling program should allow the maximumcapacity of the Matoush ore processing plant to be established.

In 2010, Strateco plans to begin the environmental studies requiredfor mill and tailings pond construction. These studies are required toobtain a mine construction permit.

Strateco is eligible for exploration tax credits equal toapproximately 50% of surface exploration expenses until such time as itachieves commercial producer status.

This news release has been approved by Jean-Pierre Lachance, Geo,Executive Vice President of Strateco Resources Inc. which is thequalified person as defined in National Instrument 43-101.

This news release contains forward-looking statements subject tocertain risks and uncertainties. There can be no assurance that thesestatements will prove to be correct, and actual results and futureevents could differ materially from those implied by such statements.These risks and uncertainties are discussed in the annual report filedwith the securities commissions of Alberta, British Columbia, Ontarioand Quebec and in the 10-K annual report filed with the US Securitiesand Exchange Commission.

CAUTIONARY NOTE TO U.S. INVESTORS -The United States Securities andExchange Commission permits U.S. mining companies, in their filingswith the SEC, to disclose only those mineral deposits that a companycan economically and legally extract or produce. We use certain termson this press release, such as "measured," "indicated," and "inferred""resources," which the SEC guidelines strictly prohibit U.S. registeredcompanies from including in their filings with the SEC. U.S. Investorsare urged to consider closely the disclosure in our Form 10-K which maybe secured from us, or from the SEC's website at https://www.sec.gov/edgar.shtml.