UVR Strategic Resources Inc.

REGINA, Feb. 7 /CNW/ -- TSX.V:UVR REGINA, Feb. 7 /CNW/ - Strategic Resources Inc. ("Strategic" or "the Corporation"), announces that it is undertaking a non-brokered private placement consisting of up to 6,800,000 units (the "Units") at a price of $0.11 per Unit to qualified investors, to raise up to $748,000. Each Unit consists of one common share and one share purchase warrant exercisable into an additional common share of the Company at a price of $0.16 per share in Year 1 and $0.21 per share in Year 2. Insiders may subscribe for up to $220,000 of the Offering representing up to 2,000,000 Units. 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 MI61-101 in that the fair market value of the consideration for the securities of the Corporation to be issued to insiders does not exceed 25% of its market capitalization. Finders' fees may be paid in accordance with TSX Venture Exchange policies. Proceeds of the offering will be used for reclamation bonding and for drilling on the Corporation's mineral exploration projects in New Mexico, USA. The completion of the Offering is subject to the approval of the TSX Venture Exchange. 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. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/February2011/07/c8455.html pplease contact:/p pbMalcolm Bucholtz, President & CEO,/b/p pTel: 1.306.525.0852/p pa href="mailto:newmexicouranium@gmail.com"newmexicouranium@gmail.com/a/p

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