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MONTREAL, QUEBEC--(Marketwire - May 12, 2010) - Strateco Resources Inc. ("Strateco") (TSX:RSC)(FRANKFURT:RF9)(OTCBB:SRSIF) is pleased to announce that Mr. Paul Einarson, CA, CPA, has been appointed Vice President, Finance by the company's Board of Directors. Mr. Einarson will also act as the Chief Financial Officer and Treasurer of the company. He begins in his new, full-time role as of today. He replaces Ingrid Martin, CA, who fulfilled the same duties, but in a part-time capacity.

The huge potential of Strateco's Matoush project and the scope of the related activities warranted the creation of the permanent position being filled by Mr. Einarson. His duties include, among others, assisting Strateco's president with corporate presentations to financial institutions. His recognized experience and talent make Mr. Einarson a significant asset for Strateco.

On May 5, 2010, the Board of Directors granted Mr. Einarson 300,000 incentive stock options ("options") at an exercise price of CAN$1.00 per common share and with a life of five years. Of these 300,000 options, 100,000 options vested on May 5, 2010, an additional 100,000 options will vest on May 5, 2011 and the remaining tranche of 100,000 options will vest on November 5, 2011.

Mr. Einarson has a Bachelor of Commerce degree from the University of Manitoba, and is certified as an accountant in Canada (CA) and the United States (CPA). He has over 20 years of experience in the financial industry, working for recognized companies like PricewaterhouseCoopers LLP, Chartered Accountants, Molson Inc. and KPMG LLP, Chartered Accountants. He has international work experience, particularly in Brazil and the Czech Republic, and has gained experience in the mining industry through his work with various mining and exploration companies.

The management would sincerely like to thank Mrs. Ingrid Martin for all the services given to the company.

This news release contains forward-looking "statements" subject to certain risks and uncertainties. There can be no assurance that these statements will prove to be correct, and actual results and future events could differ materially from those implied by such statements. These risks and uncertainties are discussed in the annual report filed with the securities commissions of Alberta, British Columbia, Ontario and Quebec and in the 10-K annual report filed with the US Securities and Exchange Commission.