Mr. James Walker reports

ARES STRATEGIC MINING PROVIDES POSITIVE UPDATE ON MINE DEVELOPMENT AND PLANT CONSTRUCTION PROGRESS

Ares Strategic Mining Inc. has provided an operational update on the continuing development of its Lost Sheep fluorspar project in Utah following the successful recommencement of mining and construction activities announced earlier this year.

Since mobilizing Provo Mining and construction crews back to site, the Company has made significant progress advancing both mining operations and plant construction. The assembled plant components are now being systematically staged and readied for final assembly. Structural, mechanical and electrical teams are actively preparing the site for the installation of key plant systems, positioning the project on track for completion of this critical infrastructure.

On the mining front, the company's experienced teams have made outstanding headway in accessing high-grade fluorspar ore. Early indications suggest that the miners will be able to begin stockpiling fluorspar on surface for processing within the next two months. This marks a major milestone toward transitioning from development to production, bringing Ares closer to generating cash flow.

To ensure the plant is optimized to process the unique characteristics of Ares's ore, the company is bringing in a team of plant and machinery specialists. These experts will work alongside the construction and operations teams to fine-tune the plant configuration, ensuring peak efficiency, maximum recovery and consistent high-quality output once operations begin.

James Walker, president and chief executive officer of Ares Strategic Mining, commented: "We are delighted with the rapid progress being made on site. The teams are advancing ahead of expectations, and we are particularly excited at the prospect of beginning fluorspar stockpiling in the near term. Bringing in plant optimization experts further reinforces our commitment to deliver a highly efficient and productive operation that will establish Ares as the only domestic supplier of this critical mineral."

Positioned to capitalize on critical mineral demand

As the only fluorspar producer in the United States, Ares is strategically positioned to address the growing domestic demand for this essential mineral, which plays a vital role in industries, including steelmaking, aluminum production, batteries and nuclear energy. The company's progress represents a major step in securing a reliable North American supply chain for this critical material.

Ares was able to issue 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 8,945,984 common shares of the company to settle approximately $2,639,065.28 owed to the various arm's-length and non-arm's-length parties. The share settlement is subject to Canadian Securities Exchange approval.

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 Bureau of Land Management (BLM):
  • First approved by Rex Rowley, area manager, BLM (Aug. 24, 1992);
  • Renewed by Paul B. Baker, minerals program manager, BLM (Dec. 12, 2016).

We seek Safe Harbor.