Mr. James Walker reports

ARES STRATEGIC MINING INC. PURCHASES EQUIPMENT AND MAKES ARRANGEMENTS AS PART OF UTAH OPERATION RAMP UP

Ares Strategic Mining Inc. is issuing common stock for services rendered to the company by various arm's-length and non-arm's-length parties, as part of the anticipated ramp-up for Ares's Utah operations. The company plans to issue 652,426 common shares of the company to settle approximately $193,316.25 owed to the various arm's-length and non-arm's-length parties. The share settlement is subject to Canadian Securities Exchange approval.

As part of arrangements being made to accelerate development of the company in the coming months, Ares has purchased a Kubota excavator from Evolution Construction.

Ares also solicited the services of Craven Capital, Golden Ratio LLC and Prospero International LLC, responsible for the institutional investment within the company that is supporting its current ramp-up efforts. Included in this settlement are also the company chief financial officer, opting for shares for services rendered.

The common shares issued pursuant to the share settlement will be subject to a four-month hold period. The share settlement is subject to the submission of final documentation and final approval of the exchange.

James Walker, chief executive officer of Ares, said: "We are very grateful for the contributions made by individuals in the past few months to help the company achieve its ambitions. Their choice to be compensated in shares demonstrates their belief in the company's future and its ambitions, and we are confident that their belief will be rewarded."

About Ares Strategic Mining Inc.

Ares 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.

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