UVR Strategic Resources Inc.

REGINA, Nov. 19 /CNW/ -- TSX.V:UVR REGINA, Nov. 19 /CNW/ - Strategic Resources Inc. ("Strategic" or "the Corporation") (TSX-V: UVR), announces that it has completed the private placement of 8,000,000 units announced on November 2, 2010. Each unit (a "Unit") was priced at $0.065 per Unit for gross proceeds of $520,000. Each Unit consists of one (1) common share (the "Share") and one share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire a further common share of the Company at a price of $0.11 until November 17, 2012. A cash fee of $38,480 and 592,000 compensation options to acquire units at $0.065 per unit ("Compensation Units") were issued. Each Compensation Unit is comprised of one (1) common share and one non-transferable share purchase warrant (the "Compensation Warrant"). Each Compensation Warrant entitles the holder to purchase one (1) common share (the "Warrant Shares") of the Company at a price of $0.11 per Warrant Share until November 17, 2012. All of the securities referred to herein are legended and restricted from trading until at least March 18, 2011. Insiders of the Company subscribed for 4,000,000 Units for gross proceeds of $260,000. The insider private placements are exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 ("MI61-101") by virtue of the exemptions contain in section 5.5(a) and 5.7(1) (a) of MI 61-101 in that the fair market value of the consideration for the securities of the Company issued to the insiders does not exceed 25% of its market capitalization. The funds will be used for exploration on the Company's properties and for working capital. About Strategic Resources Strategic Resources is a Canadian based junior exploration company with uranium/vanadium exploration projects in Catron County, New Mexico, Rare Earth exploration projects in Lincoln County and Socorro County, New Mexico and a Lithium project in Malheur County, Oregon. More information about the company is available on line at www.strategicresourcesinc.ca. Disclaimer: Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward looking statements: This news release may contain certain forward-looking inferences or statements. These forward-looking inferences or statements are subject to a variety of risks and uncertainties beyond the Corporation's control or prediction and could cause actual events or results to differ materially from those anticipated in such forward-looking statements. Although the Corporation believes that the assumptions inherent in the forward-looking statements are reasonable, undue reliance should not be placed on these forward-looking statements. pbMalcolm Bucholtz, President & CEO,/b Tel:1.306.525.0852 a href="mailto:newmexicouranium@gmail.com"newmexicouranium@gmail.com/a/p

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