Mr. Chris Eager reports

35KM AND 18KM STEP-OUT DRILLING INDICATES CONSISTENCY OF HIGH GRADE AND SIZE POTENTIAL

Resouro Strategic Metals Inc. has provided an update on activities at the Tiros rare earths and titanium project in Brazil. Resouro has received additional assay results from resource definition drilling and regional exploration drilling from the 450-square-kilometre Tiros project. The resource target at Tiros is the Cabacete formation that is an at-surface or near-surface, flat-lying layer of transported volcanoclastic material extends over 71 km in length. Resouro has acquired what it believes to be all of the potentially economically interesting parts of the Capacete formation that are available based on access to an exploration database compiled over the past 14 years.

Exploration

Resouro has focused on resource definition drilling on the Tiros Central mineral rights section of the Tiros project. This represents 9 per cent of the 450 square km project. The latest drilling results together with the announcements of March 13, 2024, and Jan. 18, 2024, reaffirm the consistency of grades and orebody thickness of the deposit previously found.

The exploration holes noted herein were drilled at the Sao Gotardo and Tiros North blocks, showing that the mineralized thickness and TiO2 (titanium dioxide) and TREO (total rare-earth oxide) grades are similar to the ones observed at Tiros Central. Selected intervals from the results received from those holes are depicted in the attached table.

These holes represent a stepout of 18 km to the north and 35 km to the south of the Central block, confirming that the Capacete formation is highly consistent in terms of high TiO2 and high TREO grades over a strike of more than 60 km. Resouro is yet to receive assay results from drilling on the Campo Alto block, but geophysics and surface mapping indicate similar geology. Recent assay results from drilling at the Tiros Central block continue to demonstrate elevated near-surface TiO2 and TREO grades over consistently thick intercepts.

Commenting on the latest drilling and assay results and exploration update for the Tiros project, chief executive officer and president of Resouro, Chris Eager, commented:

"The continuously high levels of TREO, NdPr and TiO2 grades reported at the Tiros Central block are highly encouraging. These results and further samples awaiting lab analysis will help us produce a geological resource model and estimate a maiden JORC resource for Tiros Central. Early results from Sao Gotardo and the Tiros North blocks are consistent with results from the Tiros Central block, supporting a seemingly homogeneous orebody over a least a 53 km strike. This drilling further confirms the high-grade and massive size potential of Tiros project as a whole."

Quality assurance/quality control

A QA/QC program is in place for every batch of samples sent to the laboratory including blanks, different types of standards, for rare-earth elements and titanium, and field duplicates.

Further, a number of samples in each batch are later chosen for testing in a secondary laboratory and in the primary laboratory, as pulp or coarse duplicates.

Qualified person

The technical content of this news release has been reviewed and approved by Rodrigo Mello, BSc, geology, FAusIMM and a qualified person as defined by National Instrument 43-101. Mr. Mello has reviewed and verified the drilling and assay data included in this announcement.

We seek Safe Harbor.