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SMD.V ·

Strategic Metals Ltd. Announces Granting of Stock Options

Share Capital & Compensation

Strategic Metals Ltd. Announces Granting of Stock Options

Vancouver, B.C. – June 28, 2021 – Strategic Metals Ltd. (TSX -V: SMD) (“Strategic”) announces that it

has granted incentive stock options to directors, officers, employees and consultants, entitling them to

purchase up to a total of 2,500,000 common shares at a price of $0. 39 per share for a period of five years.

The options will vest on a quarterly basis commencing three months from the date of grant.

About Strategic Metals Ltd.

Strategic is a project generator with 11 royalty interests, 8 projects under option to others, and a portfolio

of more than 100 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 $9 million and large shareholdings in a number of active mineral

exploration companies including 38.9% of GGL Resources Corp., 33.5% of Rockhaven Resources Ltd.,

19.9% of Honey Badger Silver Inc., 19.2% of Precipita te Gold Corp. and 18.7% of Silver Range

Resources Ltd. All of these companies are well funded and are engaged in promising exploration

projects. Strategic also owns 21.9% of Terra CO2 Technologies Holdings Inc., a private Delaware

corporation which recen tly completed a US$9.2 million financing to advance its environmentally -

friendly, cost-effective alternative to Portland cement. The current value of Strategic’s stock portfolio is

approximately $33 million.

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

[email protected]

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.

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.