Strategic Metals Ltd. provided an update on exploration at its 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 Mt. Hinton project is wholly owned by Strategic with no underlying royalties.

Update on Exploration Work: Since its 2020 diamond drilling program: (1) discovering new gold- and silver-rich veins, (2) strengthening geological and deposit models relating to the many known veins on the property, and (3) generating additional targets for future drill programs. Highlight results from this work, which includes rock sampling, geological mapping, soil sampling and reverse circulation (RC) drilling. Rock Sampling: Prospecting and follow-up of soil geochemical anomalies has resulted in several new vein discoveries in the Southwest Zone and Northern Structural Corridor. Geological mapping done in conjunction with this prospecting has also resulted in new structural interpretations concerning the distribution of mineralization in new and previously known zones.

Southwest Zone: Prospecting resulted in the discovery of the 85 Vein in an area where no veins had previously been identified. The surface expression of the vein isa 125 by 50 m float train containing numerous well mineralized quartz vein boulders. Four samples were collected from these mineralized boulders, and all returned greater than 7 g/t gold and 40 g/t silver.

The two best samples, taken 15 m apart at the apex of the float train, returned 273 g/t gold with 284 g/t silver and 138.5 g/t gold with 57.5 g/t silver. The vein that is the source of this mineralization is thought to be buried beneath large talus boulders in the immediate vicinity of the uppermost samples. The 85 Vein is located less than 100 m from an existing access road and has not yet been drill tested.

It lies approximately 200 m south of the 12 Vein (34 g/t gold and 181 g/t silver over 0.35 m from chip sampling) and 400 m south of the Southwest Main Vein (see description below). Recent prospecting also discovered the 83 Vein, a 20-cm wide quartz vein that returned 30.4 g/t gold and 230 g/t silver over 0.2 mfrom chip sampling. The vein can be traced for 10 m before being obscured by talus and remains open in all directions.

Although narrow at its outcropping location, this discovery is significant because the outcropping vein is hosted within phyllite and, throughout the Mt. Hinton and Keno Hill areas, veins typically become broader and better mineralized where they pass from phyllite into more competent quartzite units. Geological mapping completed along the Southwest Main Vein has resulted in a greatly enhanced understanding of its geometry and style of mineralization.

The Southwest Main Vein is a discontinuously exposed quartz vein, up to 7 m wide, that has been traced along strike for over 1 km. Surface sampling has returned significant values along the vein, including 200 g/t gold with 90 g/t silver over 1.2 m and 80.3 g/t gold with 72 g/t silver over 1.0 m from chip sampling and 48.5 g/t gold with 73 g/t silver and 46.9 g/t gold with 446 g/t silver from rock samples. A 100 m segment of the Southwest Main Vein was successfully tested by five diamond drill holes in 2020, returning impressive results that include 4.78 g/t gold over 12.14 m. This vein remains open to extension along strike and to depth.

Northern Structural Corridor: Sampling and geological mapping has been completed along several known veins that lie within the NSC. The 19 Vein has an average width of 1.7 m and is exposed on surface for approximately 300 m. The vein is truncated by a fault to the south but is open along strike to the north beneath talus. Rock sampling results from mineralized bedrock and vein float include 101 g/t gold with 182 g/t silver, 20.5 g/t gold, and 11.4 g/t gold, while chip sampling returned 16.4 g/t gold with 202 g/t silver over 1.7 m and 5.1 g/t gold over 1.2 m. The 15 Vein is a 1.5 m wide vein exposed on surface for 80 m, which is open in all directions and has never been drill tested.

During recent work programs the vein, which was mostly buried under talus, was re-exposed and sampled. Highlight results from this sampling include 126.5 g/t gold with 79.1 g/t silver from rock sampling and 5.2 g/t gold with 349 g/t silver over 2.0 m and 7.88 g/t gold with 284 g/t silver over 1.7 m from chip sampling. The 26 Vein, which is intermittently exposed on surface for 175 m and averages 1 m in width, was comprehensively mapped and sampled.

This vein is open along strike in all direction and has never been drill tested. Chip sampling across this vein yielded 23.9 g/t gold with 47.7 g/t silver over 0.7 mand 11.8 g/t gold with 12.2 g/t silver over 1.10 m. The 33 Vein is a 1 m wide quartz vein that was traced through outcrop and float over a 55 m strike length before being fully obscured by talus. The vein is open in all directions and has never been drill tested.

Chip sampling across the vein returned 25.2 g/t gold with 268 g/t silver over 1.0 m, 7.5 g/t gold with 23 g/t silver over 1.0 m and 8.68 g/t gold with 48.6 g/t silver over 0.65 m.