The Company has received TSX Venture Exchange approval to a consolidation of its issued and

STRATEGIC RESOURCES INC.

Box 1216, Regina, Saskatchewan, Canada, S4P 3B4 T: (306) 525-0852; F: 306 569-0302

Strategic Resources Inc.

For Immediate Release TSXV: STI

July 22, 2016, Regina, Saskatchewan – Strategic Resources Inc. (the “Company”) further to its news release of June 2, 2016, the Company announces the following updates:

Consolidation:

The Company has received TSX Venture Exchange approval to a consolidation of its issued and outstanding share capital on the basis of one post consolidated share for five pre-consolidated common shares. All fractional shares resulting from the consolidation were rounded up or down to the nearest whole number.

The Company’s shares commenced trading on a post-consolidated basis effective Thursday, July 21, 2016. The name of the Company has not been changed.

Private Placement:

Following Consolidation, the Company has closed its $600,000 non-brokered private placement through the sale of 8,000,000 post-consolidated common shares (the “Shares”) at a price of $0.075 per Share to qualified investors.

Proceeds of the placement will be used for general working capital purposes and to advance the Company’s search for new business opportunities.

All of the securities issued are subject to a four month hold period expiring November 22, 2016.

For further information please contact:

Mark Tommasi, Director

Tel: (604) 318-1448 [email protected]

Disclaimer:

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.

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