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Strategic Metals Ltd Files Technical Report for its Mt. Hinton Project, Yukon

Technical Reports (NI 43-101)

Strategic Metals Ltd Files Technical Report for its Mt. Hinton Project, Yukon

Vancouver, B.C. – October 13, 2023 – Strategic Metals Ltd. (“Strategic” or the “Company”) is

pleased to announce the filing of a Technical Report, prepared in accordance with National

Instrument 43-101, for its 100%-owned road-accessible Mt. Hinton gold-silver project, located in

central Yukon. Mt. Hinton lies within the Keno Hill District of the Tombstone Gold Belt,

immediately southeast of Hecla Mining Company’s Keno Hill Silver Mining Project, 35 km

southeast of Victoria Gold's Eagle Mine, and 25 km east -southeast of Banyan Gold’s AurMac

Deposit.

The report titled “NI 43-101 Technical Report on the Mt. Hinton Project in the Keno Hill District,

Yukon, Canada” is filed on SEDAR and can be viewed at www.sedar.com under the Strategic

profile. The report provides a summary of Strategic’s exploration work to date. A copy of the

Technical Report is also available on Strategic’s website at

www.strategicmetalsltd.com/projects/mount-hinton.

About Strategic Metals Ltd.

Strategic is a project generator with 12 royalty interests, 18 projects under option to others, and a

portfolio of more than 80 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 vent ure 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 $ 2.4 million and large shareholdings in

several active mineral exploration companies including 32.8% of Broden Mining Ltd., 33.4% of

GGL Resources Corp., 29.6% of Rockhaven Resources Ltd., 16.2% of Silver Range Resources

Ltd, 15.6% of Precipitate Gold Corp., and 15.2% of Honey Badger Silver Inc. All these companies

are well funded and 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 announced a definitive

agreement with Asher Materials for an exclusive market license of Terra's first commercial -scale

advanced processing facility.

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.

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.