SMD: TSX-V

President and CEO: W. Douglas Eaton, B.A., B.Sc.

Chief Operating Officer: Ian J. Talbot

Chief Financial Officer: Larry Donaldson

Over the past 15 years, Strategic Metals Ltd. has assembled an impressive portfolio of some 160 mineral properties and royalty interests in Yukon, British Columbia and western Northwest Territories.

These properties collectively host a widely diverse suite of metals.

The junior exploration company is directing its research and exploration activities toward prospects with potential for porphyry, skarn and shear-hosted gold and/or copper; stockwork and carbonate replacement-style gold; vein and carbonate replacement-style silver-lead-zinc; volcanogenic and sedimentary exhalative copper, zinc, lead, silver, gold; and/or specialty metals such as tin, tungsten, vanadium and rare earth elements.

In order to maximize the value of its property portfolio, Strategic continually seeks optionees or purchasers for its projects.

Strategic currently has 84 properties under option to other companies.

The junior follows a multifaceted business model designed to build value by various means, including grassroots project generation and selective drilling aimed at major discoveries.

Its activities in 2010 included the spin-out of two gold-focused subsidiaries and participation in the creation of Silver Predator Mines Inc. with Golden Predator Corp. and Rockhaven Resources Ltd. and the optioning of 21 of its more than 60 gold properties to Wolverine Minerals Corp. In September 2011, Strategic had about C$30 million in cash, zero debt and marketable shares of other resource companies with a total value exceeding C$100 million.

During the field season, the company conducted diamond drilling at three of the properties comprising its Midas Touch gold project in east-central Yukon.

It also conducted surface exploration on these and about 20 other properties in Yukon and Northwest Territories.

On Aug. 9, 2011, Strategic also finalized a plan of arrangement in which it spun out Silver Range Resources Ltd., formerly a wholly-owned subsidiary, as a publicly traded company.

The Midas Touch project is located alongside Atac's Rackla Gold Project.

Strategic budgeted C$3 million for exploration of Midas Touch in 2011, and earmarked additional funds contingent upon positive results.

In September, the company reported initial results from more than 12,500 soil and silt geochemical samples collected in the program have returned sizeable pathfinder +/- gold geochemical anomalies in a number of areas.

Preliminary prospecting followed up only a few of the many geochemical anomalies and has already discovered three new zones of strong orpiment/realgar mineralization.

Strategic also reported expansion of the properties to encompass more than 980 square kilometers (378 square miles) of prospective stratigraphy for Carlin-style mineralization, and that results to date from drilling at the Crag and newly-discovered Crag East areas are consistent with the upper portions of sizeable Carlin-style systems, with further drilling required to depth.

In addition, the company said initial drilling at the Rod prospect has returned silver-lead-zinc mineralization grading 101.91 g/t silver, 4.76 percent lead and 4.44 percent zinc over 8.31 meters.

Strategic also explored or planned to work on about 14 other properties in Yukon. Each of the properties is expected to receive some form of surface exploration. The focus at most of the properties will be to identify general areas for more detailed follow-up. Systematic soil geochemical surveys and/or hand trenching are planned at the King, Sayyea, Arm and Rye properties. The company also completed helicopter-borne ZTEM and magnetic surveys in January on the Buzz property located in southern British Columbia within a porphyry belt that includes the Prosperity Deposit of Taseko Mines Ltd. to identify promising targets that will require follow-up surface work and probably diamond drilling.

Cash and short-term deposits: C$32 million (Aug. 29, 2011)

Working capital: C$ $124.3 million (June 30, 2011)

Market capitalization: C$135.92 million (Sept. 23, 2011)

1016-510 West Hastings St.

Vancouver, B.C., Canada V6B 1L8

Tel: (604) 688-2522

http://www.strategicmetalsltd.com