Mr. Douglas Eaton reports

STRATEGIC METALS LTD. APPOINTS NEW CHIEF FINANCIAL OFFICER AND GRANTS INCENTIVE STOCK OPTIONS

Strategic Metals Ltd. has appointed Quinn Martin, CPA, CA, as Strategic's new chief financial officer. Mr. Martin replaces Larry Donaldson, who held the position since February, 2008. Mr. Donaldson will continue with Strategic as a consultant.

"On behalf of the board of directors, I would like to sincerely thank Larry for his hard work over the past 15 years and we are excited to welcome Quinn to the Strategic team," states W. Douglas Eaton, Strategic's president and chief executive officer.

Mr. Martin is a chartered professional accountant (CPA, CA) with over 16 years of experience working with public companies in a variety of sectors. He currently provides CFO services to reporting issuers working in the mineral resource and biotechnology sectors, and also provides financial reporting consultancy services to numerous public companies in varying industries on Canadian exchanges. Previously, Mr. Martin had spent 13 years working in assurance services for public companies at Davidson & Company LLP, where he was a principal until his departure in 2018. He obtained his bachelor of business administration (BBA) degree at Thompson Rivers University in 2005 and received his chartered accountant (CPA) designation in 2009. Mr. Martin is currently a principal at Donaldson Brohman Martin CPA Inc.

Strategic also announces that it has granted incentive stock options to directors, officers, employees and consultants, entitling those persons to purchase up to a total of 2.7 million common shares at a price of 30 cents per share for a period of five years. All options will vest on a quarterly basis commencing three months from the date of grant.

About Strategic Metals Ltd.

Strategic is a project generator with 23 royalty interests, eight projects under option to others and a portfolio of more than 90 wholly owned projects that are the product of over 50 years of focused exploration and research by a team with a record of major discoveries. Projects available for option, joint venture or sale include drill-confirmed prospects and drill-ready targets with high-grade surface showings and/or geochemical anomalies and geophysical features that resemble those at nearby deposits.

Strategic has a current cash position of over $3-million and large shareholdings in several active mineral exploration companies including 32.8 per cent of Broden Mining Ltd., 34.5 per cent of GGL Resources Corp., 29.6 per cent of Rockhaven Resources Ltd., 19.6 per cent of Honey Badger Silver Inc., 15.7 per cent of Precipitate Gold Corp. and 17.2 per cent of Silver Range Resources Ltd. All these companies are well financed and are engaged in promising exploration projects. Strategic also owns 15 million shares and five million warrants of Terra CO2 Technologies Holdings Inc., a private Delaware corporation which recently completed another large financing to advance its environmentally friendly, cost-effective alternative to Portland cement.

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