Strategic Metals Ltd.

TSX.V:SMD $0.33

Little Salmon/Carmacks First Nation and Strategic Metals Ltd. Announce Exploration Benefits Agreement


Carmacks, Yukon Territory - November 29, 2018 - Little Salmon/Carmacks First Nation (“LSCFN”) and Strategic Metals Ltd. (TSX-V: SMD) (“Strategic”) are pleased to announce the signing of an Exploration Benefits Agreement (“Agreement”).

The Agreement is intended to promote a cooperative and mutually beneficial relationship by providing a framework for consultation pertaining to all exploration activities undertaken by Strategic within LSCFN Traditional Territory, excluding Category A and B Lands as defined in the Umbrella Final Agreement. LSCFN and Strategic acknowledge their shared interests to provide economic opportunities while addressing adverse effects that may be caused directly or indirectly by exploration.

“This Agreement signed by LSCFN and Strategic shows that our First Nation can work with the Mining Industry, cooperatively to create business opportunities while mitigating environmental, socio-economic and socio-cultural effects related to exploration activities. This demonstrates our positive attitudes and willingness to work together,” states Chief Russell Blackjack of Little Salmon/Carmacks First Nation.

“The Agreement is a positive step for both parties, because it recognizes the importance of early stage consultation and sets out a path to a more comprehensive agreement should a project move from exploration to development,” states Doug Eaton, President and CEO of Strategic.

Strategic currently holds 4 projects within LSCFN Traditional Territory: CD, King, Queen and LS.

For further information about Little Salmon/Carmacks First Nation please visit www.lscfn.ca or contact:

Alan Steel
Executive Director
Tel: (867) 863-5576 ext. 268
alan.steel@lscfn.ca
For further information concerning Strategic or its various exploration projects please visit www.strategicmetalsltd.com or contact:

W. Douglas Eaton
President and CEO
Tel: (604) 688-2568

Investor Inquiries
Richard Drechsler
V.P. Communications
Tel: (604) 687-2522 ext. 262
NA Toll-Free: (888) 688-2522
rdrechsler@strategicmetalsltd.com

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.

This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.