Mr. Douglas Eaton reports

STRATEGIC METALS OPTIONS YUKON COPPER-GOLD PORPHYRY PROPERTY TO GT RESOURCES INC.

Strategic Metals Ltd. has granted GT Resources Inc. a staged option to acquire up to a 75-per-cent interest in the CD copper-gold porphyry property, located in west-central Yukon, approximately 75 kilometres southwest of Western Copper and Gold Corp.'s Casino deposit.

The property lies within the southern part of the Dawson Range gold belt (DRGB) and is underlain by the same package of rocks as several DRGB deposits, including the Casino deposit. Mineralization in the belt is commonly associated with Late Cretaceous intrusions, and mineral occurrences at CD include a zone of porphyry-style veining and alteration within a quartz diorite stock and breccia body of Late Cretaceous age. The intrusive rocks are coincident with a 1,200 metres by 400 metres, very strong copper- (up to 1,485 parts per million), gold- (up to 1,270 parts per billion) and molybdenum- (up to 42 ppm) in-soil anomaly overlapping with prominent geophysical features that have not been drill tested. A nearby epithermal vein target has returned values of up to 6.29 grams per tonne gold from selected rock samples, and has also not been drill tested, while several other geochemical anomalies on the property remain unevaluated.

GT can earn an initial 60-per-cent interest in the CD property by completing all of the following by Oct. 15, 2030:

• Paying Strategic an aggregate $225,000;
• Issuing Strategic GT shares equal in value to $225,000;
• Incurring expenditures on the CD property of not less than $10-million.

GT can acquire an additional 15-per-cent interest in the CD property for a total interest of 75 per cent by making an additional payment to Strategic of $1-million (or the equivalent value in GT shares) on or before Dec. 15, 2030 (the second option).

Following the exercise of the second option, GT and Strategic shall form a 75/25 joint venture to further explore and develop the CD property. If GT elects to exercise the first option only, GT and Strategic will form a 60/40 joint venture to explore and develop the property.

The property option is subject to GT obtaining TSX Venture Exchange acceptance of the transaction.

Technical information in this news release has been approved by Strategic's vice-president exploration, Jackson Morton, PGeo, a qualified person as defined under the terms of National Instrument 43-101.

About Strategic Metals Ltd.

Strategic is a project generator with 18 royalty interests, 15 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 $5-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.