Mr. James Walker reports

ARES STRATEGIC MINING COMPLETES TAILINGS STORAGE FACILITY DESIGN

Ares Strategic Mining Inc. has completed the tailings storage facility (TSF) design work for its upcoming manufacturing and processing fluorspar operation in Delta, Utah, United States.

Knight Piesold and Co. ("Knight Piesold ") was retained by Ares to provide engineering services for the TSF design and provide support for the permitting process. The new TSF will be located on Ares' 48-acre property and will be constructed in stages. Stage 1 will include construction of a single storage cell, to be used for the first three years of operation. Stage 2 will include construction of a second storage cell, to be commissioned upon Cell 1 reaching storage capacity. Stage 3 will raise the entire perimeter embankment, which will combine Cells 1 and 2 into a single cell, to be used for the remaining years of capacity.

During the construction of Cells 1 and 2, the footprint areas will be excavated, and beneficial material will be used to construct perimeter embankments. Each storage cell will be fully lined with a composite liner system, including a geomembrane placed on a low-permeability bedding soil. A seepage collection system will be installed to collect and recirculate seepage water that drains from the stored tailings. An environmental compliance monitoring system will be included with the facility design, as well as non-contact diversion channels to manage stormwater run on. The conceptual facility layout attempts to minimize volumes of materials that would either need to be imported from offsite to construct the embankments or would be excess and require offsite disposal.

James Walker, CEO and President of the Company, said, "We are very pleased with the progress we are making in Delta, Utah as we prepare our newly acquired site for operation. The TSF provides us with a facility that will save the company significant time and costs during operation, while providing storage for material that we believe will be suitable to sell for building materials in the future. Knight Piesold is a specialist in designing and supporting the construction of tailings facilities, and we are very confident and happy with the work that they have delivered. We're looking forward to advancing this work, our mine, and our facility development concurrently over the next few months, so we can deliver on our plans."

In 2018 the U.S. government classified fluorspar as a Critical Mineral, "deemed critical to U.S. national security and the economy." Fluorspar remains the only non-metallic Critical Mineral, which is 100% imported in the entire country. Fluorspar's classification as a Critical Mineral in the United States translates to a faster permitting period, enabling mining operations to initiate more quickly than operations for conventional minerals.

The Company also issued 613,496 common shares (each a "Share") at a deemed price of $0.25 per Share settling $153,374 in debt owing to a creditor (the "Debt Settlement") for past consulting services provided to the Company. All securities issued pursuant to the Debt Settlement are subject to a mandatory 4 month hold period.

Lost Sheep Fluorspar Project - Delta, Utah

100% owned - 5,982 acres - 353 Claims.

Located in the Spor Mountain area, Juab County, Utah, approximately 214 km south-west of Salt Lake City.

Fully Permitted - including mining permits.

NI 43-101 Technical Report identified extensive high-grade fluorspar with low levels of impurities.

Mining plan approved by BLM

First approved by Rex Rowley - Area Manager, Bureau of Land Management - 24th August 1992.

Renewed by Mike Gates - Minerals Program Manager, Bureau of Land Management - 12th December 2016.

ON BEHALF OF THE BOARD OF DIRECTORS OF ARES STRATEGIC MINING INC. James Walker

We seek Safe Harbor.