July 21, 2014 -- Vancouver, B.C. -- Strategic Metals Ltd. (TSX-V: SMD) ("Strategic") announces that it has granted incentive stock options under its Incentive Stock Option Plan to its directors, officers, consultants and employees, entitling them to purchase up to a total of 1,005,000 shares at a price of $0.45 per share for a period of five years. All of these options are subject to vesting provisions under which 25% of the options will vest at the conclusion of each three months during the first year of the exercise period.

About Strategic Metals Ltd.

Strategic is a pre-eminent explorer and claim holder in the Yukon, with an exceptional portfolio of more than 140 mineral property and royalty interests. The Company has a current cash position of more than $32 million and large shareholdings including 8.8% of ATAC Resources Ltd., 19.9% of Silver Range Resources Ltd. and 30.88% of Rockhaven Resources Ltd.


ON BEHALF OF THE BOARD

"W. Douglas Eaton"

President and Chief Executive Officer

For further information concerning Strategic or its various exploration projects please visit our website atwww.strategicmetalsltd.com or contact:


Corporate Information
Strategic Metals Ltd.
W. Douglas Eaton
President and C.E.O.
Tel: (604) 688-2568

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