Mr. James Walker reports

ARES STRATEGIC MINING CONTRACTS COMPLETES CONSTRUCTION AND COMMISSIONING PERMITTING PROCESS

Ares Strategic Mining Inc. has completed the planning permission approval process, authorizing the company to fully construct and commission its lumps manufacturing plant at its Delta City, Utah, industrial site.

Ares has designed and fabricated all the components of its new fluorspar plant and has now cleared the permissions process to enable the company to complete the foundations, steel erection, and the installation of the assembled plant. All components are already delivered, and the team is already assembled to complete construction of the only plant of its kind in the United States.

The approval is the culmination of a substantial amount of work completed by Ares in collaboration with its Delta City partners and the local government. As part of the permitting process, Ares will ensure it follows all its environmental management plans to create a safe and environmentally concordant operation.

With its new plant, Ares is will aim to produce a high-grade fluorspar product, to the specifications required by industry. Industrial manufacturers, both international and domestic, have expressed considerable interest in the product. The lumps are expected to principally supply the steel industries but will also feed into the ceramics and glass industries.

James Walker, CEO and President of the Company, said, "All the components to launch our operation are lining up. We have obtained enormous support locally, with nearby operations even offering to assist us to support our operation. We are getting closer to being part of the U.S. industrial landscape. We have an excellent team in Utah ready to push this project forward and provide value to our Ares shareholders."

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.

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 1

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.

We seek Safe Harbor.