Stroud Resources Ltd. (‘Stroud' or the ‘Company') to report the latest round of core assay results from the drilling program at its Santo Domingo Silver Project (‘Santo Domingo' or the ‘Property' or the ‘Project'), located in Hostotipaquillo, State of Jalisco, Mexico. The Property, consisting of two concessions that cover approximately 135 ha, is located within the area same area of concessions held by GoGold Resources Inc., who recently announced a planned 2022 drilling program to be located about 500 m south of Stroud's Project. Phase 1 drilling at Santo Domingo returned several drill holes that intersected silver grades exceeding 100 g/t Ag and silver equivalent (‘AgEq'), including: SD-21-49: 625 g/t AgEq over 1.55 m (103.45-105.00 m); SD-21-52: 240 g/t AgEq over 10.5 m (10.80-21.30 m); and SD-21-57: 276 g/t AgEq over 6.10 m (14.60-20.70 m), including 514 g/t AgEq over 3.05 m (14.60-17.65 m).

Stroud's 2021 Phase 1 exploration drilling program totalled 7,703 m in 21 diamond drill holes with results from the initial 9 holes released earlier this year. Parameters for the 21 diamond drill holes completed in 2021 are available on the Company website. The Phase 1 drilling program was designed to explore the extent of known vein system-hosted silver mineralization on the Property and identify additional silver mineralized zones and vein systems which appear to strike parallel to the well defined La Raya and Guadalupe silver vein systems, including the westernmost Zopilote vein system.

Based on positive results and exploration data/information to date, the Company is currently updating its planned Phase 2 drilling program and will refine the program as the balance of assay results are received. Remaining assays from the 2021 drilling program will be reported as they continue to be released from the laboratory. Phase 2 drilling is expected to start soon, with initial assay results expected by the end of first quarter of 2022.