Strateco/Matoush: A 300% Increase of the Mineral Resources in 10 Months

Market Wire, August, 2008

Strateco Resources Inc. ("Strateco")(TSX: RSC)(OTCBB: SRSIF)(FRANKFURT: RF9) is pleased to announce that the Mineral Resource Estimate of it's wholly-owned uranium Matoush Project has increased by 300% since the last National Instrument 43-101 released October 1st, 2007. The Matoush project is located 300 km north of Chibougamau in the Otish Mountains, Quebec.

Scott Wilson Roscoe Postle Associates (Scott Wilson RPA) has updated the NI 43-101 Resource estimate for the Matoush uranium project using drill hole data available as of July 25th, 2008. At a cut-off grade of 0.05% U3O8, Indicated mineral resources are estimated to total 250 thousand tonnes grading 0.68% U3O8 containing 3.73 million pounds U3O8. Inferred mineral resources are estimated to total 1.3 million tonnes grading 0.44% U3O8 containing 13.07 million pounds U3O8. The Mineral Resources are contained within three zones: AM-15, MT-22 and MT-34.

There are no mineral reserves estimated at Matoush. See longitudinal section on www.stratecoinc.com . The NI 43-101 complete report prepared by Qualified Persons R. Barry Cook, P.Eng. and David A. Ross, P.Geo., will be available on SEDAR ( www.sedar.com ) within 45 days.

Table 1 - Mineral Resource Estimate for Matoush, July 25, 2008

                            Tonnes           Grade   Pounds U3O8
                          (x 1,000)        (% U3O8)     (x 1,000)
----------------------------------------------------------------
Indicated
 AM-15                         162            0.52         1,840
 MT-34                          88            0.97         1,890
----------------------------------------------------------------
Total Indicated                250            0.68         3,730

Inferred
 AM-15                          16            0.14            50
 MT-22                         801            0.38         6,680
 MT-34                         527            0.55         6,350
----------------------------------------------------------------
Total Inferred               1,344            0.44        13,070

Notes:

1. CIM Definitions were followed for Mineral Resources.

2. The cut-off grade of 0.05% U3O8 was estimated using a price of
   US$55/lb and assumed operating costs.

3. Wireframes at 0.05% U3O8 and a minimum true thickness of 1.5 metres
   were used to constrain the grade interpolation.

4. High U3O8 grades were cut to 9% prior to compositing to two metre
   lengths

5. Several blocks less than 0.05% U3O8 were included for continuity or to
   expand the lenses to the minimum thickness.

6. Totals may not sum correctly due to rounding.

The Matoush drill hole includes 257 diamond core holes totalling more than 98,000 m. A set of cross sections and plan views were interpreted to construct three-dimensional wireframe models at a cut-off grade of 0.05% U3O8, and a minimum true thickness of 1.5 metres. High U3O8 values were cut to 9% U3O8 prior to compositing to two metres. Variogram parameters were interpreted from two metres composited U3O8 values. Block model U3O8 grades within the wireframe models were estimated by ordinary kriging. More than 98% of the U3O8 values in the drill hole database used in the grade estimate were derived from chemical analysis. The remaining values, from 27 of the most recent drill holes, were derived from gamma-probe data.

Classification into the Indicated and Inferred categories was guided by the drill hole density, interpreted variogram ranges and the apparent continuity of the mineralized zones.

The Inferred category has a general drilling grid of approximately 50 metres by 50 metres up to 70 metres.

Through geophysical surveys and several drill holes, Strateco has also established the presence of the Matoush fault and sedimentary horizons ACF-3 (AM-15 zone) and ACF-4 (MT-22 and MT-34 zones) on a distance of over 15 km, including a mineralized section located by Hole EC-08-01, 8.5 km south of the AM-15 zone. This hole intersected 0.15% eU3O8 over 2.1 metres at a vertical depth of 550 metres in the ACF-4. These ACF horizons of coarse sediments are a favourable context for uranium precipitation.

Since the cut-off date of July 25th, 2008 drilling continues with three drills. Two of the drills currently operating on the Matoush property have been assigned to exploration and resource definition of the new MT-34 zone and exploration to the south of the MT-34 zone, which is open on 12 km.

The third drill is outlining the resource on the MT-22 zone and exploring to the north of MT-22.

The fourth drill operational on Matoush was placed to the disposal of other mining companies working in the Otish Mountains. In August, that drill rig will be used by Strateco to test exploration targets on Strateco's Pacific Bay option.

Extensive surface exploration and airborne VLF geophysics were carried during the summer on that property.

SCOPING STUDY

The new NI 43-101 Mineral Resource estimate will be used as base for the ongoing scoping study report. The report should be completed at the end of September 2008 and will provide first economics of the project.