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Strategic Metals Closes Project Sale

Mergers & Acquisitions

Strategic Metals Closes Project Sale

Vancouver, B.C. – March 25, 2026 – Strategic Metals Ltd. (TSX -V: SMD) (“Strategic” or the

“Company”) reports that the TSX Venture Exchange Inc. has accepted for filing documentation

relating to a property purchase agreement (the “Agreement”) dated February 20, 2026 between

Strategic Metals Ltd. (“Strategic”) and Cascadia Minerals Ltd. (“Cascadia”).

Pursuant to the terms of the Agreement, Cascadia will acquire a 100% interest in the Byng and

Mars mineral properties located in southern Yukon near Whitehorse, known as the Byng and Mars

projects (together, the “Property”). In consideration for the acquisition of the Property, Cascadia

has made a cash payment of $125,000 and issue d 500,000 common shares at a deemed price of

$0.25 to Strategic. The Property is subject to 2% Net Smelter Return royalty (“NSR”) in favour of

Strategic. Cascadia has the right to purchase one-half (1%) of the NSR for $2,000,000 (subject to

CPI adjustment) at any time prior to a production decision. In addition, the DDH claims comprising

part of the Mars Property are subject to an existing 1% NSR royalty held by a third party.

About Strategic Metals Ltd.

Strategic is a project generator with 18 royalty interests, 14 projects under option to others, and a

portfolio of 79 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 available 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 million and large shareholdings in several

active mineral exploration companies including 32% of Broden Mining Ltd., 30.4% of GGL

Resources Corp., 28% of Rockhaven Resources Ltd., 15.5% of Silver Range Resources Ltd., and

4.3% of Trifecta Gold Ltd. All the se companies are engaged in promising exploration projects.

Strategic also owns 15 million shares of Terra CO2 Technologies Holdings Inc. (“Terra”), a private

Delaware corporation developing a cost -effective alternative to Portland cement, which recently

broke ground on its first low -carbon cementitious materials facility in Cleburne Texas following

the closing of a US$124.5M financing.

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:

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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

[email protected]

https://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 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.