Mr. Sean Cleary reports

STRATEGIC RESOURCES ANNOUNCES C$10 MILLION NON-BROKERED PRIVATE PLACEMENT

Strategic Resources Inc. has launched a non-brokered private placement of units of the company.

Under the terms of the offering, Strategic intends to issue up to 40 million units of the company at a price of 25 cents per unit for aggregate gross proceeds of up to $10-million. Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share at an exercise price of 40 cents for a period of 36 months from the closing date.

The closing of the offering is expected to occur on or about April 15, 2026, or on such other date or dates as may be determined by the company, and may occur in one or more tranches. Completion of the offering is subject to the execution of definitive subscription documentation, the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange and other customary closing conditions. There is no assurance that the offering will be completed, whether in whole or in part.

In connection with the offering, the company may pay cash finders' fees and issue finders' warrants to certain eligible arm's-length parties, all in accordance with the policies of the TSX-V and applicable securities laws.

The net proceeds of the offering are expected to be used to advance the company's iron ore pellet plant development activities, including final engineering and the construction readiness plan, and also for general working capital purposes.

About Strategic Resources Inc.

Strategic Resources is a critical mineral development company focused on vanadium, high-purity iron and titanium; metals needed to decarbonize the global economy. The company's main projects are the construction-ready BlackRock project in Quebec and the previously operated Mustavaara mine in Finland. Phase 1 of the BlackRock project envisages a four-million-tonne-per-year high-purity iron ore pelletizer at Port Saguenay, Que., with full access to the St. Lawrence Seaway. The company's head office is in Montreal, Que.

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