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Little Salmon/Carmacks First Nation and Strategic Metals Ltd. Announce Exploration Benefits Agreement

Partnerships & JV

LITTLE SALMON/CARMACKS FIRST NATION AND STRATEGIC METALS LTD.

ANNOUNCE EXPLORATION BENEFITS AGREEMENT

Carmacks, Yukon Territory – November 29, 2018 – Little Salmon/Carmacks First Nation (“LSCFN”) and

Strategic Metals Ltd. (TSX-V: SMD) (“Strategic”) are pleased to announce the signing of an Exploration

Benefits Agreement (“Agreement”).

The Agreement is intended to promote a cooperative and mutually beneficial relationship by providing a

framework for consultation pertaining to all exploration activities undertaken by Strategic within LSCFN

Traditional Territory, excluding Category A and B Lands as defined in the Umbrella Fina l Agreement.

LSCFN and Strategic acknowledge their shared interest s to provide economic opportunities while

addressing adverse effects that may be caused directly or indirectly by exploration.

“This Agreement signed by LSCFN and Strategic shows that our First Nation can work with the Mining

Industry, cooperatively to create business opportunities while mitigating environmental, socio-economic

and socio-cultural effects related to exploration activities. This demonstrates our positive attitudes and

willingness to work together,” states Chief Russell Blackjack of Little Salmon/Carmacks First Nation.

“The Agreement is a positive step for both parties, because it recognizes the importance of early stage

consultation and sets out a path to a more comprehensive agreement should a project move from

exploration to development,” states Doug Eaton, President and CEO of Strategic.

Strategic currently holds 4 projects within LSCFN Traditional Territory: CD, King, Queen and LS.

For further information about Little

Salmon/Carmacks First Nation please visit

www.lscfn.ca or contact:

Alan Steel

Executive Director

Tel: (867) 863-5576 ext. 268

[email protected]

For further information concerning Strategic or its

various exploration projects please visit

www.strategicmetalsltd.com or contact:

W. Douglas Eaton

President and CEO

Tel: (604) 688-2568

Investor Inquiries

Richard Drechsler

V.P. Communications

Tel: (604) 687-2522 ext. 262

NA Toll-Free: (888) 688-2522

[email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is

defined in the policies of the TSX Venture Exchange) accepts responsibility for the

adequacy or accuracy of this release.

2

This news release may contain forward looking statements based on assumptions and judgments of management

regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors

beyond its control, and actual results may differ materially from the expected results.