Mr. James Walker reports

ENYO SHARES -- CORPORATE UPDATE CLAIMING SPINOUT ENYO STRATEGIC MINING INC. SHARES

Ares Strategic Mining Inc. has completed its spinout, Enyo Strategic Mining Inc., for which all Ares Strategic Mining shareholders will receive dividend Enyo shares.

For those Ares shareholders who have not received their Enyo shares, the attached form will allow all certificate or DRS holders to claim their Enyo shares. If all certificate or DRS shareholders can send an executed copy of the attached letter of transmittal to TSX Trust as well as their original share certificates or DRS advices, TSX Trust will issue the shareholders their Enyo shares.