Ares Strategic Mining Inc. Amends Record Date FOR Plan of Arrangement
ARES STRATEGIC MINING INC. AMENDS RECORD DATE FOR PLAN OF ARRANGEMENT
Vancouver, B.C. – September 8, 2023 – Ares Strategic Mining Inc. (the “Company” or “Ares”)) (CSE: ARS;
OTC: ARSMP; FRA: N81) announces that, further to its news release dated September 1, 2023 , with
respect to the plan of arrangement (the “ Arrangement”) to be effected under section 182 of the
Business Corporations Act (Ontario) with Enyo Strategic Mining Inc. (“Enyo”), its wholly -owned
subsidiary, the Company has changed the sh are distribution record date from September 8, 2023 to
September 14, 2023 (the “New Record Date”).
The Arrangement is now expected to be effective on September 15, 2023. Under the terms of the
Arrangement, the Company will: (i) transfer all of its right, title and interest in and to its Liard property
and Vanadium Ridge property located in British Columbia, Canada in consideration of approximately
13,777,000 common shares of Enyo (the “ Enyo Spinout Shares”), (ii) undertake a capital reorganization
which will include the renaming and re -designation of its common shares (the “ Existing Ares Shares ”)
and the creation of a new class of common shares (the “ New Ares Shares”). Shareholders of Ares at the
close of business on the New Record Date will receive one New Ares Share and .1 of an Enyo Spinout
Share in exchange for each Existing Ares Share that is held by such Ares shareholder.
For additional details, see the Company’s news release dated September 1, 2022 available under the
Company’s profile on SEDAR+.
ON BEHALF OF THE BOARD OF DIRECTORS OF
ARES STRATEGIC MINING INC.
_”James Walker”__________________
James Walker, CEO
For further information, please contact:
James Walker, CEO
Ares Strategic Mining Inc.
T: 604.345.1576
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press release.
Forward Looking Statements
Certain information in this news release may contain forward -looking statements that involve
substantial known and unknown risks and uncertainties. Forward-looking statements are often identified
by terms such as “will”, “may”, “should”, “anticipate”, “exp ects” and similar expressions. All statements
other than statements of historical fact included in this news release are forward -looking statements
that involve risks and uncertainties. There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ materially from those anticipated in such
statements. Forward-looking statements in this news release include, but are not limited to, statements
regarding expected completion date of the Arrangement. Important factors that could cause actual
results to differ materially from the Company’s expectations include unanticipated market, economic and
other conditions which may adversely affect the Company’s ability to complete the Arrangement on the
terms set o ut in the Arrangement Agreement with Enyo, or at all, and other risks detailed from time to
time in the filings made by the Company with the securities regulat ory authorities . The reader is
cautioned that assumptions used in the preparation of any forward-looking information may prove to be
incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as
a result of numerous known and unknown risks, uncertainties, and other factors, many of which are
beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward -
looking information. Such information, although considered reasonable by management at the time of
preparation, may prove to be incorrect and actual results may differ ma terially from those anticipated.
Forward-looking statements contained in this news release are expressly qualified by this cautionary
statement. The forward -looking statements contained in this news release are made as of the date of
this news release and the Company disclaims any intention or obligation to update or revise such
information, except as required by applicable law.