Mr. James Walker reports

ARES STRATEGIC MINING ACHIEVES MAJOR INFRASTRUCTURE ADVANCEMENTS AT MINING OPERATION AND PROCESSING PLANT

Ares Strategic Mining Inc. has provided a comprehensive update on the construction and operational advancements across its Lost Sheep fluorspar project in Juab county, Utah. These developments mark critical progress in bringing North America's only permitted fluorspar mine into full-scale industrial production.

Over the past weeks, Ares has completed major milestones underground and above ground, advancing both mine readiness and plant infrastructure in tandem.

Key underground infrastructure now operational

The company has finalized several enhancements to support safe, efficient ore extraction:

• Secondary ventilation door sealed: enhances underground airflow and supports compliance with MSHA ventilation standards;
• Raise 1 prepared for mining: equipped with a fully installed tugger and slusher system, enabling safe and effective ore movement to surface;
• Drill stations advanced: new drill stations developed in the declines to support upcoming mining headings and blasting activities;
• Waste pad upgraded: facilitates efficient segregation and handling of ore and waste during mining operations.

These developments represent the final critical underground components needed to begin sustained and continuous production. James Walker, chief executive officer of Ares Strategic Mining, commented: "This wave of construction and underground progress marks a major turning point for Ares. We now have the physical and regulatory infrastructure in place to begin industrial-scale mining. Every pad, bolt, weld and fan gets us closer to delivering fluorspar to a market that desperately needs it."

Plant construction reaches advanced stages

At the processing plant site, construction teams have achieved meaningful progress across structural, mechanical and process systems:

• Foundation work: over six cubic yards of concrete poured for key support columns;
• Structural assembly:
  • Walkway decking installed on 70 per cent of Level 2 mainframe;
  • New scaffolding erected on Level 3 for continued welding;
  • Scaffolding removed from Level 2.
• Crushing screening: The grade screen and crusher frame have been securely fitted into place.
• Concentrator hopper systems:
  • Continuing welding work on the concentrator tank;
  • Installation and fabrication of product warehouse hoppers continue.
• Material handling:
  • Power feed conveyor belt fully installed;
  • Backfilling completed around the concrete slab to stabilize foundation areas.

With each completed task, the company moves closer to a fully operational processing facility capable of delivering high-purity fluorspar to United States industries.

U.S. delivering on the domestic critical minerals mandate

Fluorspar is listed as a U.S. critical mineral and is essential to industries including:

• Steel and aluminum production;
• Lithium-ion batteries and electronics;
• Fluorochemical manufacturing;
• Nuclear fuel development.

As the only fluorspar mine in the United States, Ares is poised to become the cornerstone of North America's strategic supply chain.

Non-dilutive funding boost from Sorbie Bornholm

Ares is also pleased to announce a major cash infusion of approximately $3.66-million through its sharing agreements with Sorbie Bornholm, all achieved without any share dilution.

• 180-plus-per-cent and 266-plus-per-cent undiluted returns through the agreements;
• Represents a gain of over $2.66-million on Sorbie's initial $1-million investment.

These additional funds will significantly accelerate construction of Ares's second processing facility -- the Acidspar flotation plant -- ahead of schedule. "This is an incredible vote of confidence in our project from Sorbie Bornholm. The structure of the agreement delivered substantial capital without diluting shareholders, enabling us to fast-track our second plant and scale our fluorspar production capabilities," added Mr. Walker.

Ares recently closed a $10-million financing to support its accelerated production schedule, in which Sorbie was placed. To further the benefits Ares is receiving from Sorbie, Ares will offer a non-brokered private placement offering of up to 22,222,222 units at a price of 45 cents per unit for gross proceeds of up to $10-million. Each unit shall consist of one common share in the capital of the company and one-half of one non-transferable common share purchase warrant. Each warrant will be exercisable into one common share at a price of 55 cents per warrant share for a period of two years following the closing date of the offering. There is an offering document related to the offering that can be accessed under the company's profile on SEDAR+ and on the company's website.

Prospective investors should read the offering document before making an investment decision. As disclosed in the offering document, the company intends to use the net proceeds from the offering for general and corporate working capital purposes and repayment of outstanding debts. Finders' fees may be paid to eligible arm's-length persons with respect to certain subscriptions accepted by the company. The units offered as a part of the offering shall be offered to purchasers in each of the provinces of Canada, with the exception of Quebec, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106, and in other qualifying jurisdictions. Units offered under the listed issuer financing exemption will not be subject to resale restrictions for Canadian resident investors pursuant to applicable Canadian securities laws. The offering is anticipated to close in one or more tranches, with the final tranche of the offering closing within 45 days from the date hereof. The closing is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the company's completion of its filing obligations under the policies of the Canadian Securities Exchange.

About Ares Strategic Mining Inc.

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

We seek Safe Harbor.