ARSMF - Ares Strategic Mining Completes LiDAR Program at its Canadian Fluorspar Project located near Liard Hot Springs in British Columbia

(TheNewswire)

• - District Scale potential. Over 4,800ha.

  - Large inventory of historic targets identified on the project.

  - Expansive historic drilling, metallurgy, mapping, and ResourceEstimates completed on the project.

Vancouver, B.C. - TheNewswire - October 22 nd , 2021 — Ares StrategicMining Inc. (the “Company”) (CSE:ARS) (CNSX:ARS.CN) (OTC:ARSMF) (FRA:N8I1), is pleased toannounce that it has completed a property scale aerial Lidar Surveyover its Canadian Fluorspar Project, located in Liard, NorthernBritish Columbia. This work will enable the company to constructdigital 3-D topographical representations of the entire area for theplanning of future exploration programs. McElhanney Ltd., Vancouver,B.C. completed the LiDAR program under the direction of Mr. RaulSanabria, M.Sc., P.Geo., the company’s VP of Exploration andDirector.

The LiDAR data collected is now being integrated to geo-reference allthe historical geology, channel and bulk sampling, drilling andtrenching that has been undertaken in the past. The Company isplanning to use the LiDAR survey results in conjunction with a fullproperty airborne geophysical survey to identify potential Fluorsparanomalies in 2022, which will be investigated further by groundproofing.

James Walker, President and CEO of the Company said, “We analyzed anumber of different fluorspar prospects within Canada while looking toexpand our fluorspar operations. Of all the examined prospects, theLiard project struck us having the most potential. There has been ahuge amount of work done on the project in the past, includingdrilling, metallurgy, and mapping, which we are very fortunate to beable to take advantage of now. The LiDAR data is the first steptowards creating 3D models which we can integrate with an expansivehistoric database to develop comprehensive exploration and developmentplans for this exciting prospect.”

In 1975, a Non-Compliant 43-101 resource estimate on the Liard Projectwas defined by Wright Engineers Ltd. and H.N. Halvorson ConsultantsLtd. In 2021 the Government of Canada developed a list of 31 mineralswhich it considers critical for the sustainable economic success ofCanada and its allies, and for positioning Canada as the leadingmining nation, as set out in the Canadian Minerals and Metals Plan(CMMP). Fluorspar was identified by ‘Natural Resources Canada’using a criteria-based approach and in consultation with provinces,territories as well as exploration, mining and manufacturingindustries and associations. Fluorspar was determined as a CriticalMineral, as it was considered essential to Canada’s economicsecurity, and was required for Canada’s transition to a low-carboneconomy.

Raul Sanabria, P.Geo., is a qualified person as definedby NI 43-101 and has reviewed and approved the technical contents ofthis news release.  Mr. Sanabria is not independent to the Company ashe is a Director and shareholder.

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

Neither the Canada SecuritiesExchange nor its Regulation Service Provider (as that term is definedin the policies of the Canada Securities Exchange) acceptsresponsibility for the adequacy or accuracy of this release. No stockexchange, securities commission or other regulatory authority hasapproved or disapproved the information contained herein.

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