Mr. W. Douglas Eaton reports

STRATEGIC METALS CLOSES PROJECT SALE

The TSX Venture Exchange Inc. has accepted for filing documentation relating to a property purchase agreement dated Feb. 20, 2026, between Strategic Metals Ltd. and Cascadia Minerals Ltd.

Pursuant to the terms of the agreement, Cascadia will acquire a 100-per-cent interest in the Byng and Mars mineral properties, located in Southern Yukon, near Whitehorse, known as the Byng and Mars projects. In consideration for the acquisition of the property, Cascadia has made a cash payment of $125,000 and issued 500,000 common shares at a deemed price of 25 cents to Strategic. The property is subject to a 2-per-cent net smelter return royalty (NSR) in favour of Strategic. Cascadia has the right to purchase one-half of the NSR (a 1-per-cent royalty) for $2-million (subject to CPI adjustment) at any time prior to a production decision. In addition, the DDH claims comprising part of the Mars property are subject to an existing 1-per-cent NSR royalty held by a third party.

About Strategic Metals Ltd.

Strategic is a project generator with 18 royalty interests, 14 projects under option to others, and a portfolio of 79 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 $3-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 4.3 per cent of Trifecta Gold Ltd. 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.