Mr. Douglas Eaton reports

STRATEGIC METALS OPTIONS YUKON COPPER-GOLD PROJECTS TO GGL RESOURCES CORP.

Strategic Metals Ltd. has granted GGL Resources Corp. a two-staged option to acquire up to a 100-per-cent interest in the Hopper, Kluane, Batt and Moraine mineral properties, all located in the southwestern Yukon Territory.

GGL can earn an initial 70-per-cent interest in the properties by completing all of the following by Dec. 31, 2029:

• Issuing one million postconsolidation GGL shares to Strategic on or before Oct. 31, 2026;
• Incurring $10-million in exploration expenditures on the properties as follows:
  • $2-million on or before Dec. 31, 2027;
  • $3-million on or before Dec. 31. 2028;
  • $5-million on or before Dec. 31, 2029.
• Included in the initial $2-million exploration expenditure requirement is the reimbursement of Strategic of up to $250,000 related to a 2026 exploration program on the properties.

GGL can acquire an additional 30-per-cent interest in the properties for a total interest of 100 per cent by making an additional payment to Strategic of $3-million on or before the earlier of: (i) March 31, 2030; and (ii) 90 days following the exercise of the first option.

Following the exercise of the second option, Strategic will retain a 2-per-cent net smelter return royalty interest in all future commercial production of all commodities from the properties. GGL will have the right to purchase one-half of the Strategic royalty interest for $3-million at any time prior to the commencement of commercial production from any of the properties.

If GGL elects to exercise the first option only, GGL and Strategic will form a 70/30 joint venture to explore and develop the properties.

This transaction is subject to: (i) GGL completing a share consolidation at a ratio equal to four preconsolidation common shares for one postconsolidation common share; and (ii) each of GGL and Strategic obtaining shareholder approval and TSX Venture Exchange acceptance of the transaction.

The transaction requires the approval of the disinterested shareholders of each of Strategic and GGL at a special meeting of shareholders as Strategic currently holds 30.35 per cent of the GGL issued share capital and the transaction is a related party transaction as defined in Multilateral Instrument 61-101 and the TSX Venture Exchange policies. The special meeting of the shareholders of each company will be held on or before the end of August, 2026. There are no finders' fees associated with the option agreement.

Hopper property

Strategic holds a 100-per-cent interest in the Hopper property, a copper-gold exploration project located in southwestern Yukon. The property comprises 365 quartz mining claims and is accessible via a network of existing roads and trails. It is situated approximately 22 kilometres north of the Otter Falls hydroelectric generator and 320 km from the deep-sea port of Haines, Alaska.

The project hosts both copper-gold skarn and porphyry-style mineralization within the Dawson Range copper-gold belt. Exploration programs including geological mapping, soil geochemical surveying, airborne and ground geophysical surveying, trenching, and diamond drilling have identified multiple copper-gold targets associated with a large hydrothermal system. A 3,600 m by 1,000 m copper-in-soil anomaly encompasses the principal Copper Castle, Northern Skarn and Hopkins North targets.

The Copper Castle target comprises at least 11 stacked copper-gold skarn horizons that have been partially delineated over approximately 1,200 m of strike length and a vertical extent of 425 m. Drilling confirmed continuity of mineralization along strike and at depth, with intercepts including 1.87 per cent Cu and 1.04 g/t Au over 15.27 m in hole HOP22-03 and 1.41 per cent Cu and 0.53 g/t Au over 22.28 m in hole HOP-21-DDH-01. The skarn system remains open along strike and down dip.

The Northern Skarn target hosts skarn-style mineralization similar to the Copper Castle system but has received only limited exploration.

The Hopkins North target comprises porphyry-style copper-gold-molybdenum mineralization associated with a hydrothermal alteration system measuring approximately 650 m by 2,300 m. The target lies within the Late Cretaceous Hopper Pluton, a granodiorite intrusion emplaced during the same 75 Ma metallogenic episode responsible for the Casino copper-gold porphyry deposit. Diamond drilling intersected broad intervals of copper mineralization, including 0.22 per cent Cu over 114.38 m in hole HOP-21-DDH-06 from surface and 0.17 per cent Cu over 162.85 m in hole DDH-15-05. Despite its size and extent, the target remains largely untested by drilling. For more information, please see the Hopper property technical report filed on SEDAR+ Dec. 11, 2025, authored by Jean Pautler, PGeo.

Kluane property

Subject to a 1-per-cent net smelter return royalty interest held by an arm's-length third party, Strategic holds a 100-per-cent interest in the Kluane property, a gold exploration property located 46 km north of Haines Junction, Yukon. The property comprises 245 quartz mining claims.

The Kluane property hosts multiple high-grade gold-bearing quartz-carbonate vein systems within metamorphic rocks of the Kluane Schist and associated intrusive rocks of the Ruby Range suite. Gold occurs as native gold and in association with arsenopyrite. Exploration to date has identified numerous gold-bearing vein zones through prospecting, geochemical surveying, geophysical surveying, trenching and diamond drilling, including the Rikus, Ross, Malou and Delor zones.

Chip sampling from multiple mineralized exposures along a 400 m section of the Rikus zone returned an average grade of 3.85 g/t Au over 2.76 m, including a best result of 7.36 g/t Au over 9.5 m. Drill intercepts include up to 5.32 g/t Au over 2.75 m (Rockhaven Resources Ltd. news release dated June 17, 2009). Additional soil geochemical and geophysical anomalies remain only partially tested.

Batt property

Strategic holds a 100-per-cent interest in the Batt property, a copper-cobalt-gold exploration project located 68 km south of Haines Junction, Yukon. The property comprises 52 quartz mining claims and encompasses prospective volcanic and sedimentary rocks of the Wrangellia terrane that hosts volcanogenic massive sulphide (VMS) and structurally controlled mineralization.

Exploration to date has identified multiple mineralized zones through geological mapping, prospecting, geochemical surveying and trenching. Trench and surface sample results include 0.71 per cent Cu, 0.21 per cent Co (cobalt) and 1.18 g/t Au over 5.7 m; 8.72 per cent Cu, 0.05 per cent Co and 19.9 g/t Ag over 1.0 m; and 2.18 per cent Co with 2.37 g/t Au over 0.5 m (Strategic news release Nov. 30, 2022). Soil geochemical surveys have also outlined several untested multielement anomalies across the Batt property.

Moraine property

Strategic holds a 100-per-cent interest in the Moraine property, a copper-gold-silver-molybdenum-tungsten exploration property located 90 km west-northwest of Whitehorse, Yukon. The property comprises 102 quartz mining claims within the Dawson Range gold belt, and hosts skarn and vein-style mineralization with the potential for an associated porphyry system.

Exploration to date has identified two copper-gold-silver skarn zones and a nearby gold-bearing quartz vein through geological mapping, geochemical surveying and trenching. Reported results include up to 2.1 g/t Au, 425 g/t Ag and 7.22 per cent Cu from the South Skarn, and 13.7 g/t Au from quartz vein float (assessment report describing prospecting and geochemical sampling at the Hooch property, H. Smith, December, 2011). Geophysical surveys and soil geochemical sampling have also outlined numerous untested anomalies across the property.

Technical information in this news release has been approved by Jackson Morton, PGeo, the Strategic vice-president of exploration and a qualified person as defined in National Instrument 43-101.

About Strategic Metals Ltd.

Strategic is a project generator with 16 royalty interests, 14 projects under option to others and a portfolio of approximately 80 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 $5-million and large shareholdings in several active mineral exploration companies including 32 per cent of Broden Mining Ltd., 30.4 per cent of GGL Resources Corp., 28 per cent of Rockhaven Resources Ltd., 15.5 per cent of Silver Range Resources Ltd. and 4.3 per cent of Trifecta Gold Ltd. 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 broke ground on its first low-carbon cementitious materials facility in Cleburne Texas following the closing of a $124.5-million (U.S.) financing.

We seek Safe Harbor.