Mr. James Walker reports

ARES STRATEGIC MINING INC. PUTS ARRANGEMENTS IN PLACE AHEAD OF ANTICIPATED RAMP UP AT ITS UTAH OPERATION

Ares Strategic Mining Inc. has issued common stock for services rendered to the company by various arm's-length parties (the share settlement), as part of the anticipated ramp-up for Ares' Utah operations.

As part of arrangements being made to accelerate development of the company, Ares plans to issue an aggregate of 4,809,413 common shares of the company at a deemed price of 20 cents per share to settle approximately $961,882.50 in outstanding debt owed to two parties for lobbying services. The share settlement remains subject to approval by the Canadian Securities Exchange. The common shares issued pursuant to the share settlement will be subject to a four-month hold period. The share settlement is subject to the submission of final documentation and final approval of the exchange.

James Walker, chief executive officer of Ares, said: "We are very grateful for the contributions made by individuals in the past few months to help the company achieve its ambitions. Their choice to be compensated in shares demonstrates their belief in the company's future and its ambitions, and we are confident that their belief will be rewarded."

About Ares Strategic Mining Inc.

Ares Strategic Mining is a mining company focused on the development of its fluorspar projects in the United States. The company aims to become a significant supplier of high-grade fluorspar to North American markets, supporting industries vital to modern technology and infrastructure.

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