Ares Strategic Mining Inc. announced that the Company has acquired exclusive right and access to develop the Campbell-Croster project, an already large historically delineated fluorspar project in Kentucky, US. The Company has been examining fluorspar prospects throughout the United States to expand its
long-term operation and production potential within the country. The Campbell-Croster Kentucky fluorspar project possessing both historic drilling and a historic mineral resource estimate has presented the company with its best opportunity within the US since it began its research. A historic mineral resource estimate* performed by Boyce Moodie III in 1974 for Cerro SparCorporation on the Campbell-Croster project following its drill program, reported indicated resources of 645,117 tons of fluorspar, grading at an average of 37.38% CaF 2 and inferred resources of 160,724 tons averaging 35.97% CaF2 for a total of 805,841 tons. Within that estimate,
there are 30,545 tons averaging 51.87% CaF2 described as possible ore in Block H. As part of the Company's acquisition, Ares has acquired the prospects and project for an initial
payment of USD 25,000, and an agreement to pay the previous owners a production royalty of $1
per ton of minerals mined from the Historic Resource, and upon exhaustion of the delineated
historic resource estimate, a 5% NSR on further extracted minerals from the property.