Strateco Resources to Raise $1,920,250 in Private Placement Funding.

MONTREAL -- Strateco Resources Inc. (TSX VENTURE:RSC) (US SEC Registration # 0-49942) ('Strateco') is pleased to announce that, subject to the approval of the TSX Venture Exchange, it will proceed with the closing of an additional private placement for $210,000. This private non-brokered and non-flow-through financing will bring the total amount raised by Strateco in recent financings to $1,920,250.

The $210,000 financing, subscribed for by investors from Quebec and British Columbia, involves the issuance of 1,500,000 common shares priced at $0.14 per share, with each share accompanied by a warrant. Each warrant enables its holder to purchase one common share of the Company for a 24-month period at a price of $0.20 per share. No commission will be paid on this private placement.

In the interim, Strateco has closed on the $100,000 private placement announced on December 23, 2005, with a financial institution that subscribed for 1,000,000 common shares of the Company at $0.10 per share. Each share was accompanied by half a warrant, with each whole warrant entitling its holder to purchase one share at $0.16 for a period of 18 months. Proceeds from this placement have been applied to Strateco's working capital. No commission was paid for this private placement.

The common shares subscribed for are subject to a resale restriction of four months and a day from the date of issuance, being until April 24, 2006.

Management is also pleased to announce that it has completed the $500,000 flow-through private placement announced on December 23, 2005 with MineralFields Group 2005. A total of 3,448,274 flow-through units were issued at $0.145 per unit. Each unit consisted of one flow-through share and one non-flow-through warrant. Each warrant entitles its holder to purchase one common share of the Company for a 24-month period, at $0.20 the first year and $0.25 the second year. An 8% finder's fee was paid on this placement. The closing took place on December 30, 2005.

The common shares subscribed for are subject to a resale restriction of four months from the date of the placement, being until April 30, 2006.

Including the $125,000 private placement announced on November 22, 2005 and the $985,250 private placement completed on December 23, 2005, management will have raised a total of $1,920,250 in the past months.

The funds raised will be applied to exploration on Strateco's uranium properties, namely the Matoush project in Quebec's Otish Mountains and the Mont-Laurier project near Mont-Laurier, and its Discovery and Cameron gold properties near Lebel-sur-Quevillon, Quebec, as well as to its working capital.

Strateco optioned the Matoush project on the strength of good exploration results obtained by Uranerz Mining Exploration in the early 1980s, before uranium prices tumbled. One of the deepest holes returned close to 1.0% U3O8 over an impressive 16-metre width.

Field work is presently underway on the Matoush project, with drilling set to begin in February 2006. Linecutting will be completed in the coming weeks, along with construction of a camp in preparation for winter work. Meanwhile, a geophysics contract has been signed with Lamontagne Geophysics Limited for a UTEM-3 ground survey totalling approximately 74 line-km to be conducted in the near future.

Work on the Mont-Laurier project will begin in the spring of 2006. The Mont-Laurier project is adjacent to the Nova Uranium project, on which promising results were recently reported.

Drilling began on the Cameron project on December 6, 2005, and remains ongoing.

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

STRATECO RESOURCES INC. (TSX VENTURE:RSC)