Strategic Resource Acquisition Corporation NEX BOARD: SRZ.H

TORONTO, ONTARIO--(Marketwire - Jan. 7, 2009) - Strategic Resource Acquisition Corporation ("SRA") (NEX BOARD:SRZ.H) reports that it has not made the December 31, 2008 interest payment and sinking fund payment on its Series 1 Notes or the December 31, 2008 interest payment on the Series 2 Notes. The December 31, 2008 interest amount for the Series 1 Notes (which was deposited into escrow at the time of issuance of such Notes) remains in escrow. The Indentures for the Notes provides for cure periods for these payments during which time SRA intends to continue to pursue restructuring alternatives.

In addition, the Series II Note holder meeting previously scheduled for December 23, 2008 has been rescheduled due to lack of quorum and is now scheduled for January 21, 2009 to vote on a resolution for the deferral and payment in kind of the interest which was due on December 31, 2008.

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

The TSX Venture Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.