Mr. James Walker reports

ARES STRATEGIC MINING WELCOMES INSTITUTIONAL INVESTOR AS NEW EQUITY PARTNER TO SUPPORT LONG-TERM GROWTH

Ares Strategic Mining Inc. has received a significant equity investment from Sorbie Bornholm LP, a United Kingdom based institutional investor renowned for supporting high-growth potential companies.

Sorbie's investment represents a strategic partnership that aligns with Ares Strategic Mining's vision of transforming from a mining company into a fully integrated fluorspar manufacturer. This collaboration is expected to accelerate the company's continuing development of manufacturing capabilities and expand its capacity to meet the growing demand for fluorspar and its derivatives.

James Walker, chief executive officer of Ares Strategic Mining, commented: "We are delighted to welcome Sorbie as a strategic equity partner. Institutional support is vital as we advance our growth strategy, and Sorbie's commitment is a strong validation of our long-term objectives. With Sorbie's backing, we are better positioned to enhance our operational capabilities, secure new opportunities and continue delivering value to our 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 that is 100 per cent 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 per cent owned -- 5,982 acres (353 claims);
• Located in the Spor Mountain area, Juab county, Utah, approximately 214 kilometres southwest of Salt Lake City;
• Fully permitted -- including mining permits;
• National Instrument 43-101 technical report identified extensive high-grade fluorspar with low levels of impurities;
• Mining plan approved by BLM (Bureau of Land Management):
  • First approved by Rex Rowley, area manager, BLM -- Aug. 24, 1992;
  • Renewed by Mike Gates, mineral program manager, BLM -- Dec. 12, 2016.

We seek Safe Harbor.