Mr. Sean Cleary reports

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

Strategic Resources Inc. has amended its $10-million non-brokered private placement.

The company intends to issue up to 40 million units for gross proceeds of $10-million. Each unit is priced at 25 cents and 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.

Of the total 40 million units, the company intends to issue up to 29.5 million units for aggregate gross proceeds for up to $7,375,000 pursuant to the amendments to National Instrument 45-106 (Prospectus Exemptions) set forth in Part 5A thereof (the listed issuer financing exemption offering). The warrants comprising the units issued in connection with the listed issuer financing exemption offering will not be exercisable prior to the expiration of a period of 60 days following the closing of the LIFE offering.

Concurrently with the LIFE offering, the company intends to issue up to 10.5 million units for aggregate gross proceeds of up to $2,625,000.

There is an offering document related to the LIFE offering that can be accessed under the company's profile at SEDAR+ and at the company's website. Prospective investors for the LIFE offering should read this offering document before making an investment decision.

The concurrent offering will be made by way of a private placement to accredited investors and other eligible purchasers: (i) in all provinces of Canada pursuant to applicable prospectus exemptions; (ii) in the United States on a private placement basis pursuant to exemptions from the registration requirements of the U.S. Securities Act of 1933, as amended; and (iii) in such offshore jurisdictions as may be agreed by the company pursuant to available exemptions under applicable securities laws. Unless otherwise exempted, all securities issued under the concurrent offering will be subject to a statutory hold period of four months and one day from the applicable closing date in accordance with Canadian securities legislation.

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.

Strategic has engaged Integrity Capital Group Inc. to support its efforts. For further information, please contact Jeremy Rogers at jrogers@integritycapitalgrp.com. 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. Its 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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