Mr. W. Douglas Eaton reports

STRATEGIC METALS LTD. ANNOUNCES ACQUISITION OF CONTROL AND DIRECTION OF SECURITIES OF TRIFECTA GOLD LTD. AND CREATION OF 11 ADDITIONAL NSR ROYALTIES

Strategic Metals Ltd. has acquired 6,265,000 common shares of Trifecta Gold Ltd. pursuant to a property option agreement, pursuant to which Trifecta has completed its acquisition of a 100-per-cent interest in Mount Hinton, Rye and nine other highly prospective gold and silver projects located in Yukon's Tombstone gold belt. Strategic retains a 2-per-cent net smelter return royalty on each project, which Trifecta can buy down to 1 per cent for 1,500 ounces of gold or the cash equivalent. Trifecta completed this acquisition by issuing a final payment of 6,265,000 common shares to Strategic effective Oct. 13, 2026.

Prior to Strategic acquiring these 6,265,000 common shares of Trifecta, it held 2,031,579 common shares of Trifecta, representing 3.60 per cent of the 56,451,721 common shares of Trifecta then issued and outstanding. As a result of Strategic acquiring these additional 6,265,000 common shares, it currently holds 8,296,579 common shares of Trifecta, representing 13.23 per cent of the 62,716,721 common shares of Trifecta currently issued and outstanding.

Strategic holds its shares in Trifecta for investment purposes and has no current plan or intentions that relate to or would result in acquiring additional shares of Trifecta, disposing of shares of Trifecta or any of the other actions enumerated in items (a) through (k) of Item 5 of Form 62-103F1 of National Instrument 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. Strategic may, from time to time in the future, depending on market conditions and its investment strategy, acquire additional securities of Trifecta in the open market or pursuant to privately negotiated transactions, sell all or a portion of its securities of Trifecta, or take any of the other enumerated actions.

A copy of Strategic's early warning report required to be filed by it in connection with its acquisition of control and direction of the securities of Trifecta will be available on SEDAR+ and may be obtained from Strategic at the address set forth as follows: Strategic Metals, Suite 510, 1100 Melville St., Vancouver, B.C., V6E 4A6.

This news release is being issued pursuant to National Instrument 62-103, which also requires that Strategic file the early warning report with each of the British Columbia and Alberta securities commissions containing information with respect to its securityholdings in Trifecta.

Early warning reports will be filed by Strategic in accordance with applicable securities laws and will be available on SEDAR+.

About Strategic Metals Ltd.

Strategic is a project generator with 28 royalty interests, eight projects under option to others and a portfolio of over 70 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 13.23 per cent of Trifecta Gold. 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, Tex., following the closing of a $124.5-million (U.S.) financing.

We seek Safe Harbor.