Stingray Graduates to TSX

TORONTO, ONTARIO--(CCNMatthews - May 23, 2007) - Stingray Resources Inc. (TSX VENTURE:SRY)(TSX VENTURE:SRY.WT) ("Stingray or the Company") is pleased to announce that the Company's Common Shares and Warrants will be listed and posted for trading on the TSX at the opening on May 24, 2007.

Stingray has recently completed a $50 million financing that facilitated the acquisition of the El Pilar oxide copper project in Mexico via the purchase of Noranda Exploracion Mexico S.A. de C.V. from Xstrata Copper.

Stingray is a copper resource company that is focused on the development of the El Pilar Copper Property located in Sonora, Mexico. The Company has commenced an extensive drill program to further define and expand the reported resource at the El Pilar oxide copper project.



TSX Symbol: Common Shares - "SRY" Issued: 58,725,982 common shares
Warrants - "SRY.WT" 20,850,000 warrants

 

Certain Statements presented herein may constitute "forward-looking statements". Such forward-looking statements may include potential mineralization, resources and reserves, conclusions of prefeasibility and feasibility studies, estimates of future production, capital and operating costs, prices of metals and other known and unknown risks. These and other factors and uncertainties may cause material differences from future results as expressed or implied by these forward-looking statements. These risks, uncertainties and other factors include but are not limited to the risks involved in the exploration, development and mining business.



THE TSX HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Steve Brunelle
Vice President
(416) 368-6240

or

Stingray Resources Inc.
Peter Mordaunt
President & Chairman
(416) 368-6240
(416) 368-7141 (FAX)
Email: info@stingrayresources.com
Website: www.stingrayresources.com