News release

Str ratton Resources Comp pletes $8.5 M Million Fina ancing and Appoints M Managemen nt Team

Vancouver, BC, J

July 25, 2011: Stratton Res sources Inc. ( (TSX.V : SI) ("Stratton" or r the "Com mpany") annou unces the clos sing of its pre eviously anno ounced private e placement f financing (the e “Fina ancing”).

On M May 19, 2011 t the Company y announced th he Financing in conjunctio on with its pro oposed acquisition of all o of the outstand ding shares of f privately held AZ Coppe er Corp (the "Acqu uisition"). U Upon complet tion of the Ac cquisition, the e Company w will hold an op ption to earn a a 90% i interest in the e MAC Molyb bdenum Proje ect (British Columbia) and d a right to purchase a 100% % intere est in the Bear r Canyon Proj ject (Arizona a).

The C Company has now closed th he Financing and raised a total of $8.5 m million. The Financing consis sted of the iss suance of 2,58 88,764 flow-t through share es at $1.50 per r share for a t total of $3.9 millio on and the issu uance of 3,09 92,966 non flo ow-through u units at $1.50 per unit for a a total of $4.6 millio on. The non f flow-through units were co omprised of o one share and one warrant e exercisable fo or one year at $1.50. A All securities s are subject to

• a four-mont th hold. If Str ratton shares t trade above

$2.00 0 for any 20 co onsecutive da ay period after the four-mo onth hold, the Company ca an accelerate warrants to 30 days.

the ex xpiry of the w

Company has now granted options to pu urchase 1,455,000 common The C n shares of St tratton to ers, directors, consultants a office and employee es of Stratton. The options s are exercisab ble to rice of $1.50 for a period o purch hase common shares at a pr of five years a and are subjec ct to vesting conditions.

The p principal cond ditions to the A Acquisition h have been met t including ju udicial and sha areholder Upon completion of the appro ovals and the C Company is a awaiting final l TSX Ventur re approval. U Acqui isition, 5.0 m million shares w will be issued d to AZ Copp per Corp share eholders resul lting in there being 14,547,082 c common shar res of Stratton n issued and o outstanding on n an undiluted d basis. Includ ding warrants s and stock op ptions granted d, there will b be a total of 21 1,300,048 issu ued and outsta anding shares on a fully dil luted basis. T The Company y has proposed a 2:1 stock split to be neral Meeting.

appro oved at its Aug gust 12, 2011 1 Annual Gen

ncipals of the Company wi Upon completion o of the Acquisition, the prin ill collectively y hold 3,255,082 common n shares that w will be subjec ct to customar ry escrow. The Company’

’s stock will resum me trading on the TSX Ven nture exchang ge on upon clo osing of the A Acquisition un nder the ticker symbo ol “SI”.

Mana agement Tea am

The C Company is pl leased to announce that it h has put in pla ace an experie enced manage ement team to o advan nce its explora ation program ms.

Richa ard Haslinger, , P.Eng., will be responsible for all expl loration activities for the C Company as it ts f Operating Officer. Richard Chief d is a professi ional geologic cal engineer w with over 25 y years of exper rience in the e exploration in ndustry. Durin ng the last 15 years Richard d has manage ed numerous ranging from Alaska to multi- -disciplinary exploration a and deposit de elineation pro ojects at sites r l program management to South h Africa. Recently he has p provided expl loration guida ance and drill Keega an Resources as VP Explo oration.

Georg ge Nicholson, , P.Geo., will be Vice Pres sident Explora ation. George e has been successful in exploration and dis scovery of mi ineral deposit ts throughout the Americas s with a partic cular focus in n South h America and d British Colu umbia. Georg ge was a foun nder of AZ Co opper and was responsible for the discovery o of the MAC property early in his career.

.

Peter Rees, CA will be Chief Fi inancial Offic cer. Peter has s worked with h Canadian an nd United States s publically li isted mining c companies for r the past seven years. He currently also

• holds the

position of CFO at t Cayden Reso ources Inc. an nd was recent tly the corpor rate controller r at Keegan Resou LLP where he focused on urces Inc. Pre eviously, he w was a manager r at Deloitte a and Touche L provid ding both aud dit and consul lting services to a number of Vancouver r's largest pub blic mining companies.

Jason Leikam will be Vice President Corpora ate Developm ment. Jason w was a founder of AZ Coppe er and has been invol lved in the jun nior resource sector since 1 1999, with a f focus in mark keting and invest tor relations. From 2001 t through 2006, , Mr. Leikam operated two

• successful in nvestor

relatio ons firms that t specialized i in the junior e exploration an nd developme ent sector. In n 2007, Mr. Leika am joined one e of his clients s, Silvermex R Resources, to

• serve as man nager of Corp porate

Devel lopment throu ugh 2010.

Stratto on President and CEO, Gr reg McCunn c commented, “ “With $8.5 m million in treas sury and an exper rienced manag gement team in place, we l look forward to aggressive ely advancing g our exploration programs on both th he MAC and Bear Canyon n Project sites over the com ming months.” ”

Mineral Projects

On co ompletion of t the Acquisitio on Stratton will hold an op ption to earn a a 90% interest t in the MAC

C Molybdenum Pro

oject located a approximately y 90 km north h of Thompso on Creek’s En ndako molyb bdenum mine

e. Historical e exploration w work complete ed on the Mac c property has s identified signif ficant zones o of porphyry m molybdenum a and copper mi ineralization. Exploration n permits are in pla ace to immedi iately begin a $4.6 million two-phase pr rogram consis sting of data c compilation, camp construction, airborne geo ophysics, IP g geophysics tes sting the know wn mineralize ed zones and appro oximately 14,0 000 meters of f diamond dri illing with the e objective to initiate resou urce definition n of kno own mineralization.

On co ompletion of t the Acquisitio on Stratton will also hold t the right to pu urchase a 100% interest in Bear Canyon was the Be

ear Canyon Copper Proj

ject located in n south-easter rn Arizona. B discov vered by surf face work and d is a unique s style of depos sit that consist ts of low sulp phide porphyr ry miner ralization. Th he property ha as not been pr reviously dril ll tested. Two

• sub-parallel I.P. anomalie es

are pr resent, runnin ng a length of 1400m with a combined w width of 900m

m. These anomalies are open on strike and to depth and drill targets h have been ide entified from t this geophysi ical work. its have been received for an initial $0.6 Permi d a follow-up $0.9 million 6 million drill l program and progra am consisting g of additiona al geophysics and drill testi ing.

ompany holds a 100% inter er porphyry project located In add dition, the Co rest in the Mt t Hayes coppe d on the e South Coast t of BC. The Company ha as also signed a Letter of In ntent on the L Lunar copper porph hyry project lo ocated 50km north of the K Kemess mine (Northgate M Minerals) in n northern BC.

For m more information please vis sit our websit te at: www.str rattonresource es.com On be ehalf of the Board of Direc ctors,

Greg McCunn Presid dent & CEO

Abou ut Stratton R Resources:

Stratto on Resources s Inc. is a Va ancouver-base ed Exploratio on Company focused on t the discovery y and develo opment of po orphyry coppe er/molybdenu um deposits in n British Colu umbia and Ar rizona. It plan ns to rapidl ly advance ex xploration dri illing program ms on its MA AC molybdenu um project in n Northern Br ritish Colum mbia and its B Bear Canyon Copper porph hyry project in n Southern A Arizona.

Disclo osure Notes

Neither the TSX V Venture Exch hange nor any y other regula atory authorit ty accepts res sponsibility fo or the ad dequacy or ac ccuracy of this s release.

The a above release e contains for rward looking information n which in S Stratton’s view is based o on king statements reason nable assump ptions and esti imates. There e can be no as ssurance that forward look will p prove to be ac ccurate and are subject to may factors b beyond the control of Stra atton includin ng third p party consent ts, regulatory y approvals th he state of cap pital markets and the appe etite for highe er it faces see its risk ju unior resourc ce companies

s. For further r details abou ut Stratton an nd the risks i public c filings at ww ww.sedar.com m.

The securities refe erred to herein n have not be een and will n not be registered under the e United State es Secur rities Act of 1 1933, as ame ended (the "U U.S. Securitie es Act") or an ny state secur rities laws an nd may n not be offered d or sold with hin the Unite ed States or to o, or for the b benefit of, U.S. persons (a as define ed in Regulat tion S under t the U.S. Secu urities Act) un nless registere ed under the U U.S. Securitie es Act a and applicabl le state secur rities laws or pursuant to

• an exemption from suc ch registratio on

requir rements.

S Suite 700-119 99 West Hasti ings Street ver, BC V6E 3T5 Vancouv Telephon ne: (604) 683- -8193 e: (604) 683-8194 Facsimile