Mr. James Walker reports

ARES STRATEGIC MINING LOOKS TO BEGIN MINING OPERATION BUILD UP WORK EARLY IN 2024

Ares Strategic Mining Inc. has now raised all the necessary funds to construct a dual product-producing processing operation, able to manufacture both fluorspar lumps and acidspar.

The company plans to start work at the mine site, work that is intended to run alongside the construction work being completed at its Delta processing site. The concurrent activity has been planned so the new plants will have a consistent supply of ore for when the first plant is operational and ready to produce product. The company has the funds necessary to initiate the work and plans to start early in 2024. For the balance of costs, Ares intends to work with Moneta Advisory Partners to finance the balance of the costs to complete the mine works. Moneta will receive a monthly fee in the amount of $10,000 for each month, payable in equity. The Equity Work fee will be paid quarterly in common shares valued using a volume-weighted average price based on the five last days of the preceding quarter.

James Walker, president and chief executive officer of the company, said: "We have a huge amount of movement in the company now, with our bond financing closed we have all the funds required for a full manufacturing operation, where we will be able to create fluorspar products for every section of industry. We have also started our mine planning work, with activity at the mine site scheduled for early 2024, for which there are some coming announcements. We will move as quickly through the buildup and development of the project as able, as a well-resourced and well-supported company."

We seek Safe Harbor.