Mr. Sean Cleary reports

STRATEGIC RESOURCES RETAINS SIMON WANDKE AS SENIOR ADVISOR

Simon Wandke has joined Strategic Resources Inc. as the company works on its financing package for the BlackRock project. As senior adviser, Mr. Wandke will provide guidance on the strategic direction on the future expansion of the BlackRock project as the iron and steel industry transitions toward green steel opportunities.

Most recently, Mr. Wandke was executive vice-president and chief executive officer of ArcelorMittal Mining, the world's leading steel company with the fifth-largest iron ore business globally. During his tenure, Mr. Wandke played a key role in helping to drive the mining division forward to the next stage of its development as one of the largest global producers of iron ore, coking coal and other minerals. Mr. Wandke has over 40 years of experience in the mining and minerals industry, holding senior management, strategy and commercial positions internationally, with a particular focus on the development of greenfield and brownfield projects, designing and implementing major change and effective commercial strategies, strategic marketing, risk management and ESG (environmental, social and governance).

Sean Cleary, chairman and chief executive officer, commented: "The BlackRock project sets the stage for Strategic Resources to become a significant supplier of important critical minerals and high-purity iron products for the steel and foundry industries. The BlackRock project is closely linked with government onshoring strategies, critical minerals supply, including battery metals and steel production, as well as the movement to significantly reduce GHG [greenhouse gas] emissions. Simon Wandke has invested much of his career into understanding and managing important strategic issues across the iron, steel and ferroalloys industries with demonstrated success, and, accordingly, his input and guidance into the future of the BlackRock project and other corporate opportunities for Strategic Resources will be of great value to all stakeholders."

Mr. Wandke commented, "The company has significant commercial alternatives worth pursuing, and I believe that my experience and track record are well suited to advising Strategic Resources at this pivotal phase as it develops the BlackRock project into a commercial success."

About Strategic Resources Inc.

Strategic Resources is a critical mineral exploration and development company focused on high-purity iron and vanadium projects in Canada and Finland. The company is developing its flagship BlackRock project, which is a fully permitted and ready-to-construct mine, concentrator and metallurgical facility located at a seaport in Quebec with full access to the St. Lawrence Seaway. The company's head office is in Montreal, Que.

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