Mr. James Walker reports

ARES STRATEGIC MINING ANNOUNCES BOARD EVOLUTION TO SUPPORT NASDAQ TRANSITION AND NEXT PHASE OF CORPORATE GROWTH

Ares Strategic Mining Inc.'s board of directors has evolved as the company advances toward its next phase of growth, operational maturity and planned transition to a senior U.S. exchange.

To support Ares's continued expansion and increasing engagement with U.S. institutional, commercial and financial markets, the company is pleased to announce the appointment of Lorenzo Esteva to the board of directors.

Strengthening the board for the next stage of development

Mr. Esteva brings more than 30 years of senior financial, restructuring, wealth management, corporate advisory and international business experience across the United States and Latin America. His background includes senior leadership roles at:

• UBS Financial Services;
• Merrill Lynch;
• Prospero International;
• Golden Ratio CS LLC.

Throughout his career, Mr. Esteva has specialized in:

• Institutional and private capital markets;
• Corporate restructuring and operational optimization;
• International business expansion;
• Strategic partnerships and mergers;
• Ultrahigh-net-worth client advisory;
• Cross-border finance and offshore operations.

James Walker, president and chief executive officer of Ares Strategic Mining, commented: "As Ares continues to mature into a larger and more institutionally focused company, it is essential that our board evolves alongside it. Lorenzo brings an exceptional combination of banking, corporate finance, restructuring and international commercial expertise that will be invaluable as we continue scaling operations, expanding internationally and preparing for the next level of public market participation."

Positioning Ares for institutional growth

The board transition reflects Ares's evolution from a development-stage mining company into an emerging strategic materials supplier with:

• Active mining operations;
• Expanding processing infrastructure;
• Major U.S. government contracts;
• Increasing international commercial opportunities;
• Planned uplisting initiatives.

Mr. Esteva's appointment is expected to strengthen the company's:

• Institutional market readiness;
• Banking and financial relationships;
• Commercial structuring capabilities;
• International business development efforts;
• Strategic growth planning.

"Ares is entering a transformative period," added Mr. Walker. "Our operational progress, strategic government relationships and expanding market position require a board with deep commercial and financial expertise capable of supporting a company operating at a much larger scale."

As part of this transition, Paul Sarjeant and Raul Sanabria have agreed to step down from the board of directors. The company sincerely thanks both individuals for their commitment, guidance and support during Ares's formative growth stages and its successful advancement toward becoming the only domestic fluorspar producer in the United States.

About Mr. Esteva

Mr. Esteva is a seasoned financial executive and strategic adviser with decades of experience in corporate finance, operational restructuring, capital solutions and international business expansion. He graduated with honours from Tufts University in Boston, Mass., with degrees in economics/finance and classical studies. He has worked extensively with institutional investors, family offices, private equity groups and multinational commercial operations throughout the Americas. His expertise spans:

• Business development;
• Risk management;
• Capital structuring;
• Mergers and acquisitions;
• Financial optimization;
• Strategic operational growth.

About Ares Strategic Mining Inc.

Ares Strategic Mining is a mining company focused on the development of its fluorspar projects in the United States. The company aims to become a significant supplier of high-grade fluorspar to North American markets, supporting industries vital to modern technology and infrastructure.

Lost Sheep fluorspar project -- Delta, Utah:

• 100 per cent owned -- 5,982 acres (353 claims);
• Located in the Spor Mountain area, Juab county, Utah, approximately 214 kilometres southwest of Salt Lake City;
• Fully permitted -- including mining permits;
• National Instrument 43-101 technical report identified extensive high-grade fluorspar with low levels of impurities;
• Mining plan approved by BLM (Bureau of Land Management):
  • First approved by Rex Rowley, area manager, Bureau of Land Management -- Aug. 24, 1992;
  • Renewed by Paul B. Baker, minerals program manager, Bureau of Land Management -- Dec. 12, 2016.

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