Lumps Plant Shipping Update

Recent global supply chain issues have made it necessary to re-evaluate shipping arrangements for the company's recently purchased lumps plant. Our agent and Directors are currently looking at faster alternatives to deliver the plant to site. Alternative ports and transport over land are currently being examined.

More Than 70 Container ships are anchored by the ports of Long Beach and Los Angeles

The twin ports appear to be at a standstill. The predominant cause of the bottleneck appears to be docking terminals being overloaded with containers, resulting in no space to take in new containers either from ships or land.

The Lumps Plant is a high-capacity processing facility, capable of producing high-grade metallurgical lumps, which traditionally have required hand sorting to produce, resulting in their more expensive final product despite the reduced grade. The Lumps plant is believed to be the first of its kind. The Company plans to install the plant as soon as able, and to complement its production line with a flotation plant to create higher grade products with all material unsuitable for lumps.

ON BEHALF OF THE BOARD OF DIRECTORS OF
ARES STRATEGIC MINING INC.

James Walker
Chief Executive Officer and President

For further information, please contact James Walker by phone at 604-345-1576 or by email at [e-mail]

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.