Mr. Douglas Eaton reports

STRATEGIC METALS OPTIONS 11 TOMBSTONE GOLD BELT PROJECTS, YUKON

Strategic Metals Ltd. has granted Trifecta Gold Ltd. the right to earn up to a 100-per-cent interest in 11 projects located in central Yukon, namely Mt. Hinton, Rye, Lance, Liam, Lois, Leroy, Luke, Leah, Lisa, Husky and Naws.

Under the terms of the option agreement, which is subject to TSX Venture Exchange acceptance, Trifecta can acquire an initial 70-per-cent interest in the properties by incurring aggregate exploration expenditures of $6-million by Dec. 31, 2027, and issuing that number of Trifecta shares to Strategic such that, following the issuance of those shares, Strategic will hold 9.99 per cent of Trifecta's then-issued-and-outstanding share capital, including the shares of Trifecta currently held by Strategic. Following the exercise of the first option, Strategic will retain a 1-per-cent net smelter return (NSR) royalty interest in the properties.

Trifecta can acquire the remaining 30-per-cent interest in the properties by issuing additional Trifecta shares to Strategic equal to 9.99 per cent of the then-outstanding Trifecta share capital at any time after the exercise of the first option and prior to March 31, 2028, which number of shares to be issued to Strategic will not include any shares of Trifecta then held by Strategic. Following the exercise of the second option, Strategic will retain an additional 1-per-cent net smelter return royalty interest. Trifecta can purchase the second royalty interest from Strategic for the payment of 1,500 ounces of gold or the cash equivalent.

If Trifecta exercises the first option only, the parties shall form a joint venture to further explore and develop the properties.

About Strategic Metals Ltd.

Strategic is a project generator with 12 royalty interests, 15 projects under option to others and a portfolio of 85 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 approximately $2-million and large shareholdings in several active mineral exploration companies, including 32.8 per cent of Broden Mining Ltd., 33.4 per cent of GGL Resources Corp., 29.6 per cent of Rockhaven Resources Ltd., 16.2 per cent of Silver Range Resources Ltd., 15.6 per cent of Precipitate Gold Corp. and 15.2 per cent of Honey Badger Silver Inc. All these companies are engaged in promising exploration projects. Strategic also owns 15 million shares of Terra CO2 Technologies Holdings Inc., a private Delaware corporation developing a cost-effective alternative to Portland cement, which recently announced a definitive agreement with Asher Materials for an exclusive market licence of Terra's first commercial-scale advanced processing facility.

We seek Safe Harbor.