Strategic Metals Announces Alotta Property Option
STRATEGIC METALS ANNOUNCES ALOTTA PROPERTY OPTION
Vancouver, B.C. – January 18, 2023 – Strategic Metals Ltd. (TSX -V: SMD) ( “Strategic”) is pleased to
announce that it has entered into a property option agreement with Benjamin Hill Mining Corp. (CSE:
BNN; OTCQB: BNNHF) (“Benjamin”) under which Benjamin can acquire a 6 0% interest in the Alotta
project, located in the Whitehorse Mining District, Yukon Territory.
The Alotta project hosts an un-drilled porphyry prospect that is situated in a similar geological setting and
in close proximity to Western Copper and Gold’s Casino Deposit, which ranks among the largest copper -
gold porphyry deposits in the world. Alotta is marked by a pronounced magnetic low that coincides with
a strong, multi -element soil geochemical anomaly. The core of the geochemical anomaly is enriched in
copper, gold and molybdenum and measures 4 km by 1 km. It is surrounded by a distal halo with high lead,
zinc and silver values . The Alotta soil geochemical signature exhibits classical features common ly
associated with large porphyry deposits. The property is permitted for advanced exploration and only
requires an induced polarization survey prior to drill testing.
Benjamin can exercise the option by: (i) making aggregate cash payments to Strategic of $500,000 by
January 17, 2028; and (ii) incurring aggregate exploration expenditures of $11 million on the property by
the end of 2027. Following the exercise of the option, Benjamin and Strategic will form a 60/40 joint
venture to further explore and develop the property.
Qualified Person
Technical information in this news release has been approved by Heather Burrell, P. Geo., a senior geologist
with Archer , Cathro & Associates (1981) Limited and a qualified person for the purpose of National
Instrument 43-101.
About Strategic Metals Ltd.
Strategic is a project generator with 23 royalty interests, seven projects under option to others, and a
portfolio of more than 90 wholly owned projects that are the product of over 50 years of focussed
exploration and research by a team with a track record of major discoveries. Projects availa ble for option,
joint venture or sale include drill -confirmed prospects and drill -ready targets with high -grade surface
showings and/or geochemical anomalies and geophysical features that resemble those at nearby deposits.
Strategic has a current cash position of approximately $3.6 million and large shareholdings in several active
mineral exploration companies including 32.8% of Broden Mining Ltd., 34.5% of GGL Resources Corp.,
29.6% of Rockhaven Resources Ltd., 19.6% of Honey Badger Silver Inc., 15.7% of Precipitate Gold Corp.
and 17.2% of Silver Range Resources Ltd. All these companies are well funded and are engaged in
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promising exploration projects. Strategic also owns 15 million shares and 5 million warrants of Terra CO2
Technologies Holdings Inc., a private Delaware corporation which recently completed another large
financing to advance its environmentally friendly, cost-effective alternative to Portland cement.
ON BEHALF OF THE BOARD
“W. Douglas Eaton”
President and Chief Executive Officer
For further information concerning Strategic or its various exploration projects please visit our website at
www.strategicmetalsltd.com or contact:
Corporate Information
Strategic Metals Ltd.
W. Douglas Eaton
President and C.E.O.
Tel: (604) 688-2568
Investor Inquiries
Richard Drechsler
V.P. Communications
Tel: (604) 687-2522
NA Toll-Free: (888) 688-2522
http://www.strategicmetalsltd.com
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.
This news release may contain forward looking statements based on assumptions and judgments of
management regarding future events or results that may prov e 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.