Mr. Chris Eager reports

RESOURO STRATEGIC METALS INC. ANNOUNCES PRIVATE PLACEMENT FINANCING

Resouro Strategic Metals Inc. intends to issue, by way of a partially brokered private placement, common shares of the company at a purchase price of 42 cents per common share for gross proceeds of up to $1.5-million. Resouro expects the offering to close on or about March 21, 2024.

The net proceeds of the offering will be for general corporate purposes.

The offering price and the completion of the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. The common shares will be subject to a statutory hold period of four months plus one day from the closing date, in accordance with applicable securities legislation.

The company intends to rely upon exemptions from the formal valuation and minority approval requirements of Multilateral Instrument 61-101.

Secondary listing on the Australian Securities Exchange (ASX)

The company is also continuing to pursue a secondary listing on ASX which, subject to satisfying all ASX requirements and market conditions, is targeted for Q2 2024. Shareholders are advised that there is no certainty, or guarantee, that the ASX listing will occur and there is a risk that the company may not be able to comply with the requirements and/or satisfy the conditions imposed by the ASX.

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.

We seek Safe Harbor.