SI

Stratton Resources Inc. (TSX VENTURE: SI) ("Stratton" or the "Company") announces the closing of its previously announced private placement financing (the "Financing").

On May 19, 2011 the Company announced the Financing in conjunction with its proposed acquisition of all of the outstanding shares of privately held AZ Copper Corp (the "Acquisition"). Upon completion of the Acquisition, the Company will hold an option to earn a 90% interest in the MAC Molybdenum Project (British Columbia) and a right to purchase a 100% interest in the Bear Canyon Project (Arizona).

The Company has now closed the Financing and raised a total of $8.5 million. The Financing consisted of the issuance of 2,588,764 flow-through shares at $1.50 per share for a total of $3.9 million and the issuance of 3,092,966 non flow-through units at $1.50 per unit for a total of $4.6 million. The non flow-through units were comprised of one share and one warrant exercisable for one year at $1.50. All securities are subject to a four-month hold. If Stratton shares trade above $2.00 for any 20 consecutive day period after the four-month hold, the Company can accelerate the expiry of the warrants to 30 days.

The Company has now granted options to purchase 1,455,000 common shares of Stratton to officers, directors, consultants and employees of Stratton. The options are exercisable to purchase common shares at a price of $1.50 for a period of five years and are subject to vesting conditions.

The principal conditions to the Acquisition have been met including judicial and shareholder approvals and the Company is awaiting final TSX Venture approval. Upon completion of the Acquisition, 5.0 million shares will be issued to AZ Copper Corp shareholders resulting in there being 14,547,082 common shares of Stratton issued and outstanding on an undiluted basis. Including warrants and stock options granted, there will be a total of 21,300,048 issued and outstanding shares on a fully diluted basis. The Company has proposed a 2:1 stock split to be approved at its August 12, 2011 Annual General Meeting.

Upon completion of the Acquisition, the principals of the Company will collectively hold 3,255,082 common shares that will be subject to customary escrow. The Company's stock will resume trading on the TSX Venture exchange on upon closing of the Acquisition under the ticker symbol "SI".

Management Team

The Company is pleased to announce that it has put in place an experienced management team to advance its exploration programs.

Richard Haslinger, P.Eng., will be responsible for all exploration activities for the Company as its Chief Operating Officer. Richard is a professional geological engineer with over 25 years of experience in the exploration industry. During the last 15 years Richard has managed numerous multi-disciplinary exploration and deposit delineation projects at sites ranging from Alaska to South Africa. Recently he has provided exploration guidance and drill program management to Keegan Resources as VP Exploration.

George Nicholson, P.Geo., will be Vice President Exploration. George has been successful in exploration and discovery of mineral deposits throughout the Americas with a particular focus in South America and British Columbia. George was a founder of AZ Copper and was responsible for the discovery of the MAC property early in his career.

Peter Rees, CA will be Chief Financial Officer. Peter has worked with Canadian and United States publically listed mining companies for the past seven years. He currently also holds the position of CFO at Cayden Resources Inc. and was recently the corporate controller at Keegan Resources Inc. Previously, he was a manager at Deloitte and Touche LLP where he focused on providing both audit and consulting services to a number of Vancouver's largest public mining companies.

Jason Leikam will be Vice President Corporate Development. Jason was a founder of AZ Copper and has been involved in the junior resource sector since 1999, with a focus in marketing and investor relations. From 2001 through 2006, Mr. Leikam operated two successful investor relations firms that specialized in the junior exploration and development sector. In 2007, Mr. Leikam joined one of his clients, Silvermex Resources, to serve as manager of Corporate Development through 2010.

Stratton President and CEO, Greg McCunn commented, "With $8.5 million in treasury and an experienced management team in place, we look forward to aggressively advancing our exploration programs on both the MAC and Bear Canyon Project sites over the coming months."

Mineral Projects

On completion of the Acquisition Stratton will hold an option to earn a 90% interest in the MAC Molybdenum Project located approximately 90 km north of Thompson Creek's Endako molybdenum mine. Historical exploration work completed on the Mac property has identified significant zones of porphyry molybdenum and copper mineralization. Exploration permits are in place to immediately begin a $4.6 million two-phase program consisting of data compilation, camp construction, airborne geophysics, IP geophysics testing the known mineralized zones and approximately 14,000 meters of diamond drilling with the objective to initiate resource definition of known mineralization.

On completion of the Acquisition Stratton will also hold the right to purchase a 100% interest in the Bear Canyon Copper Project located in south-eastern Arizona. Bear Canyon was discovered by surface work and is a unique style of deposit that consists of low sulphide porphyry mineralization. The property has not been previously drill tested. Two sub-parallel I.P. anomalies are present, running a length of 1400m with a combined width of 900m. These anomalies are open on strike and to depth and drill targets have been identified from this geophysical work. Permits have been received for an initial $0.6 million drill program and a follow-up $0.9 million program consisting of additional geophysics and drill testing.

In addition, the Company holds a 100% interest in the Mt Hayes copper porphyry project located on the South Coast of BC. The Company has also signed a Letter of Intent on the Lunar copper porphyry project located 50km north of the Kemess mine (Northgate Minerals) in northern BC.

For more information please visit our website at: www.strattonresources.com

On behalf of the Board of Directors,

Greg McCunn, President & CEO

About Stratton Resources:

Stratton Resources Inc. is a Vancouver-based Exploration Company focused on the discovery and development of porphyry copper/molybdenum deposits in British Columbia and Arizona. It plans to rapidly advance exploration drilling programs on its MAC molybdenum project in Northern British Columbia and its Bear Canyon Copper porphyry project in Southern Arizona.

Disclosure Notes

The above release contains forward looking information which in Stratton's view is based on reasonable assumptions and estimates. There can be no assurance that forward looking statements will prove to be accurate and are subject to may factors beyond the control of Stratton including third party consents, regulatory approvals the state of capital markets and the appetite for higher risk junior resource companies. For further details about Stratton and the risks it faces see its public filings at www.sedar.com.

The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

Neither the TSX Venture Exchange nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Contacts: Stratton Resources Inc. Greg McCunn President & CEO (604) 683-8193 (604) 683-8194 (FAX) info@strattonresources.com www.strattonresources.com