Property and Location

The Santo Domingo project consists of two mining concessions totaling 135 ha and is located 90 km northwest of Guadalajara, Mexico. Santo Domingo has excellent infrastructure with all weather road access and a high voltage transmission line that runs through the property. Water is also available from the Santiago River which flows through the property.

The Santo Domingo Project has the potential to contain 300 million ounces of silver. The project is located in a similar setting to a number of 100 million ounce plus silver-gold deposits in Mexico.

Recent Developments and Proposed Exploration Program

Three holes were drilled in 2006, (please see Press Releases section for details) and a new drill rig and equipment was purchased in 2007 for use on the Santo Domingo Property. Diamond drilling on the Santo Domingo Project in 2007 and 2008 outlined a continuous mineralized structure over 500 metres in length. The zone is open along strike and up and down dip.

Goals of the drilling program will be to:

• Stroud intends to complete a N1 43-101 report on the Santo Domingo project this year
• Subject to adequate financing Stroud intends to continue drilling the Santo Domingo project in 2009