Mr. W. Douglas Eaton reports

STRATEGIC METALS GRANTS INCENTIVE STOCK OPTIONS

Strategic Metals Ltd. has granted incentive stock options to directors, officers, employees and consultants, entitling those individuals to purchase up to a total of one million common shares at a price of 19 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 16 royalty interests, 12 projects under option to others, and a portfolio of 83 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 $1.2-million and large shareholdings in several active mineral exploration companies including 31.9 per cent of Broden Mining Ltd., 33.4 per cent of GGL Resources Corp., 28 per cent of Rockhaven Resources Ltd., 15.6 per cent of Silver Range Resources Ltd and 15.6 per cent of Precipitate Gold Corp. 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.

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