Strategic Metals Ltd. announce that it has entered into a property option agreement with Benjamin Hill Mining Corp. under which Benjamin can acquire a 60% interest in the Alotta project, located in the Whitehorse Mining District, Yukon Territory. The Alotta project hosts an un-drilled porphyry prospect that is situated in a similar geological setting and in close proximity to Western Copper and Gold's Casino Deposit.

Alotta is marked by a pronounced magnetic low that coincides with a strong, multi-element soil geochemical anomaly. The core of the geochemical anomaly is enriched in copper, gold and molybdenum and measures 4 km by 1 km. It is surrounded by a distal halo with high lead, zinc and silver values.

The Alotta soil geochemical signature exhibits classical features commonly associated with large porphyry deposits. The property is permitted for advanced exploration and only requires an induced polarization survey prior to drill testing. Benjamin can exercise the option by: making aggregate cash payments to Strategic of $500,000 by January 17, 2028; and incurring aggregate exploration expenditures of $11 million on the property by the end of 2027.

Following the exercise of the option, Benjamin and Strategic will form a 60/40 joint venture to further explore and develop the property.