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Strategic Resources Successfully Extends Key Mustavaara Permit

Corporate Updates

Strategic Resources Successfully Extends Key

Mustavaara Permit

VANCOUVER, BC

,

Aug. 4, 2022

/CNW/ -

Strategic Resources Inc.

(TSXV: SR) (the "Company" or "Strategic) is pleased to

announce that it has been granted an extension to a previously issued water permit that was set to expire in

July 2022

. An

application to extend the existing water permit allowing for future construction of mining operations at Mustavaara was

delivered to the Regional State Administrative Agency for

Northern Finland

("PSAVI") in

February 2022

. On

June 21, 2022

,

PSAVI approved the application to extend the permit for three years until

July 2025

. The approval was open for public

appeals to the Regional Court until

July 28, 2022

. No appeals were made, and the permit is now legally binding.

About Strategic Resources

Strategic Resources Inc. (TSXV: SR) is a

Vancouver, Canada

-based mineral exploration and development company focused

on vanadium projects in

Finland

. The Company is primarily focused on its flagship Mustavaara vanadium-iron-titanium project

in

Finland

. The Company continues to evaluate new opportunities that are related to the electrification of the economy.

Further details are available on the Company's website at

https://strategic-res.com/

.

To follow future news releases, please sign up at

https://strategic-res.com/contact/

.

STRATEGIC RESOURCES INC.

Signed:

"Scott Hicks"

Scott Hicks

,

CEO

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 news release.

View original content:

https://www.prnewswire.com/news-releases/strategic-resources-successfully-extends-key-mustavaara-permit-301599791.html

SOURCE

Strategic Resources Inc.

View original content:

http://www.newswire.ca/en/releases/archive/August2022/04/c5954.html

%SEDAR: 00021914E

For further information:

Scott Hicks, [email protected], T: +1 604 646 1890

CO: Strategic Resources Inc.

CNW 07:00e 04-AUG-22