Mr. James Walker reports

ARES STRATEGIC MINING INC. ISSUES STOCK OPTIONS

Ares Strategic Mining Inc. has granted to its directors and officers an aggregate of 12 million stock options, with each option entitling the holder to acquire one common share in the capital of the company at an exercise price of 36.5 cents per common share until Aug. 17, 2028.

All securities issued pursuant to the exercise of the options will be subject to a statutory hold period of four months and one day from the date of grant, in accordance with applicable securities laws.