Strategic Resource Acquisition Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2009. For the quarter, the company reported revenue of CAD 182,425. Loss form mine operations was CAD 275,384 compared to CAD 89,617 for the same period last year. Loss before income taxes was CAD 7,072,109 compared to CAD 828,645 for the same period last year. Net loss was CAD 7,072,109 or CAD 0.18 basic and diluted per share compared to CAD 1,136,338 or CAD 0.03 basic and diluted per share for the same period last year. Cash flows from operating activities was CAD 3,105,535 compared to cash used in operating activities of CAD 3,815,541 for the same period last year. For the nine months, the company reported revenue of CAD 656,237. Loss form mine operations was CAD 3,814,337 compared to CAD 516,300 for the same period last year. Loss before income taxes was CAD 23,376,230 compared to CAD 7,235,749 for the same period last year. Net loss was CAD 23,376,230 or CAD 0.60 basic and diluted per share compared to CAD 7,543,442 or CAD 0.23 basic and diluted per share for the same period last year. Cash flows used in operating activities was CAD 7,454,264 compared to cash used in operating activities of CAD 7,074,033 for the same period last year.

Strategic Resource Acquisition Corp. announced unaudited consolidated earnings results for the second quarter and six months ended March 31, 2009. For the quarter, the company reported revenue of CAD 93,768. Loss form mine operations was CAD 316,432 compared to CAD 196,565 for the same period last year. Loss before income taxes for the period was CAD 4,638,169 or CAD 0.12 basic and diluted per share compared to CAD 4,822,022 or CAD 0.16 basic and diluted per share for the same period last year. Cash used in operating activities was CAD 1,732,218 compared to CAD 15,870,802 for the same period last year. Property, plant and mineral properties disposed (acquired) was CAD 3,437 compared to CAD 22,794,063 for the same period last year. For the six months, the company reported revenue of CAD 473,811. Loss form mine operations was CAD 3,538,954 compared to CAD 426,682 for the same period last year. Loss before income taxes for the period was CAD 16,304,121 or CAD 0.41 basic and diluted per share compared to CAD 6,407,104 or CAD 0.21 basic and diluted per share for the same period last year. Cash used in operating activities was CAD 10,559,799 compared to CAD 9,322,753 for the same period last year. Property, plant and mineral properties disposed (acquired) was CAD 1,162,754 compared to CAD 66,510,902 for the same period last year.

Strategic Resource Acquisition Corp. reported unaudited consolidated earnings results for the first quarter ended December 31, 2008. For the quarter, the company reported loss from mine operations of CAD 3,222,522, loss before income taxes of CAD 11,665,952 and net loss of CAD 11,665,952 or CAD 0.30 per basic and diluted share on revenue of CAD 380,043 compared to loss from mine operations of CAD 230,118, loss before income taxes of CAD 1,585,082 and net loss of CAD 1,585,082 or CAD 0.05 per basic and diluted share for the same period of last year. The company reported net cash used in operating activities of CAD 8,829,868 and purchase of fixed assets and leasehold improvements of CAD 51,535 compared to net cash used in operating activities of CAD 6,218,982 and purchase of fixed assets and leasehold improvements of CAD 179,646 for the same period of last year.