Mr. Christopher Eager reports

RESOURO STRATEGIC METALS INC. ANNOUNCES BOARD APPROVAL OF AMENDED AND RESTATED OPTION PLAN

Resouro Strategic Metals Inc.'s board of directors has approved the adoption of a new stock option plan, pursuant to the policies of the TSX Venture Exchange. The aggregate number of common shares which may be subject to issuance pursuant to options granted under the amended and restated option plan shall be 20 per cent of the outstanding common shares of the company as at Dec. 15, 2023, or 14,193,752. The amended and restated option plan shall replace the company's existing option plan, which was a rolling 10-per-cent plan.

The amended and restated option plan is subject to the approval of the shareholders, along with the approval of disinterested shareholders, which shall be determined by excluding the votes of any insiders, as such term is defined by the policies of the TSX-V. The company's shareholders will be asked to approve, among others, the amended and restated option plan at a special meeting of the shareholders to be held on Jan. 16, 2024. The adoption of the amended and restated option plan is also subject to the final approval of the exchange.

The exchange has conditionally accepted a proposed grant of four million non-transferable options, pursuant to the amended and restated option plan, to purchase four million common shares of the company at an exercise price of 20 cents per common share during a period of five years, expiring on Aug. 2, 2028, to Christopher Eager, the president and chief executive officer of the company, subject to disinterested shareholder approval. The CEO options may not be exercised prior to the final approval of the amended and restated option plan by the exchange.

About Resouro Strategic Metals Inc.

Resouro is a Canadian-based mineral exploration and development company focused on the discovery and advancement of economic mineral projects in Brazil, including the Tiros project in Minas Gerais and the Novo Mundo and Santa Angela gold projects in Mato Grosso state.

The Tiros municipality is located approximately 317 kilometres west-northwest of Belo Horizonte, the sixth-largest city in Brazil and the capital of Minas Gerais state. The Tiros project is targeting commodities of interest, being titanium and rare earth elements. The project comprises 25 mineral titles in total, being 16 granted exploration licences, which have a total area of approximately 27,325 hectares. The project also includes eight applications for exploration licences and one tenement-able-for-mining permit request.

We seek Safe Harbor.