Mr. Sean Cleary reports

STRATEGIC RESOURCES FILES INFORMATION CIRCULAR FOR ANNUAL GENERAL MEETING

Strategic Resources Inc. has filed its management information circular for the coming annual general meeting. The meeting will be held Friday, Nov. 28, 2025, in Montreal, Que. Strategic shareholders will consider re-electing Sean Cleary, Amyot Choquette, Michael Moore, Mark Serdan and Victor Flores as directors of the company to hold office for the ensuing year, appointing KPMG LLP as the company's auditor for the ensuing year and authorizing the board of directors to set its remuneration, and approving Strategic's incentive plans described in the information circular. Scott Hicks will not stand for re-election and will resign from the board and management after the meeting. The board has formed a committee to look for additional board members to replace Mr. Hicks.

Additionally, Strategic terminated its marketing agreement with Red Cloud Financial on Sept. 4, 2025. The marketing agreement, which was initially announced on March 4, 2024, was terminated following a one-month written notice by Strategic. RCF has no interest, directly or indirectly, in Strategic or its securities, or any right or intent to acquire such an interest.

Strategic will maintain its market-maker agreement with Red Cloud Securities Inc., under which RCS will continue to provide services as a market-maker in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. Under the market-maker agreement, RCS receives a fee of $5,000 plus applicable taxes per month. The market-maker agreement was initially announced on May 1, 2023, and provides that the services will continue unless terminated by either party with a 30 days notice. Strategic and RCS act at arm's length, and RCS has no present interest, directly or indirectly, in Strategic or its securities, and no right or intent to acquire such an interest. There are no performance factors contained in the agreement between RCS and Strategic, and RCS will not receive any shares or options from Strategic as compensation for services it will render.

About Strategic Resources Inc.

Strategic is a critical mineral development company focused on becoming a supplier of green steel inputs. The company has a planned metallurgical facility site in Canada and 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. Phase 1 of the BlackRock project envisages a four-million-tonne-per-year high-purity iron ore pelletizer in Port Saguenay. The company's head office is in Montreal, Que.

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