ARSMF - Ares Strategic Mining Announces Issuance of Stock Options

(TheNewswire)

Vancouver, B.C. - TheNewswire - February 8 th , 2022 — AresStrategic Mining Inc. (“Ares” or the “Company”) (TSXV:ARS)(OTC:ARSMF) (FRA:N8I1), has granted stock options("Options") to certain directors, officers, employees, andconsultants of the Company to purchase up to 6,200,000 common sharesin the capital of the Company pursuant to the Company’s stock optionplan. All the options are exercisable for a period of five years at anexercise price of $0.46 per share.

All securities issued in connection with the Offeringwill be subject to a statutory hold period of four months commencingon the date of distribution of the securities. Completion of theOffering is subject to a number of conditions, including, withoutlimitation, receipt of all regulatory approvals, including approval ofthe Exchange. None of the securities to be issued in connection withthe Offering will be or have been registered under the United StatesSecurities Act of 1933, as amended (the “1933 Act”), and none maybe offered or sold in the United States absent registration or anapplicable exemption from the registration requirements of the 1933Act. This press release is being issued pursuant to Rule 135c of the1933 Act and shall not constitute an offer to sell or a solicitationof an offer to buy, nor shall there be any sale of the securities, inany state where such offer, solicitation or sale would beunlawful.

ON BEHALF OF THE BOARD OF DIRECTORS OF

ARES STRATEGIC MINING INC.

James Walker
Chief Executive Officer and President

For further information, please contact Mark Bolin byphone at 604-345-1576 or by email at jwalker@aresmining.com

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