Stroud Resources Ltd. announced that its drilling permit application has been approved by the Mexican Mining Authority for its Santo Domingo Silver Property, located in Hostotipaquillo Region of Jalisco, Mexico. The Company expects to start drilling the week of March 1, 2021. The Drilling Permit covers 13 drill pad locations encompassing 50 planned drill holes across the Property. The first phase of the drilling program will see 12 drill holes completed on three of the drill sites. These are expected to confirm its geological and mineral resource modelling of the Property. Geological modelling of Santo Domingo had identified additional mineralized zones running parallel to the previously announced Mineral Resource Estimate. The current planned drilling program will also reach deeper into the hillside to sample the vein mineralization beyond where historical Spanish miners were active. It is its expectation that the grades of silver and gold in these zones should be higher as they have never been accessed. A second phase of drilling is also planned which will use the remaining drill sites to expand the mineral resources by drilling an additional 38 holes. The Company expects to prepare a new National Instrument 43-101 ("NI 43-101") Technical Report and a Preliminary Economic Assessment ("PEA") following the drill programs. Should the initial Phase 1drill holes confirm the expected mineralization on the Property, the Company anticipates starting the second drill program in second quarter 2021. The Santo Domingo Property is located in the Hostotipaquillo region of Jalisco, which is steeped in a rich mining history. The Property falls directly along structure at the Santo Domingo Vein system and is representative of a host of old mining operations that are spread throughout the region.