ARSMF - Ares Strategic Mining Receives Conditional Listing Approval from the Canadian Securities Exchange (CSE)

(TheNewswire)

• - Exchange move undertaken to allow for fasterexecution of company strategy and business arrangements.

  - New arrangement will translate to significant ongoingand annual cost savings for Ares.

Vancouver, B.C. - TheNewswire - July 5 th , 2021 - Ares Strategic Mining Inc.(“Ares” or the “Company”) (TSXV:ARS) (OTC:ARSMF) (FRA:N8I1),is pleased to announce that it has received conditional approval tolist its voting shares on the Canadian Securities Exchange (the"CSE") under the trading symbol "ARS". Finalapproval of the listing is subject to the Company meeting certaincustomary conditions of the CSE. Upon final approval, the Companyintends to issue a news release confirming the date upon which itscommon shares will commence trading on the CSE.

The Company will continue to trade on the OTCQX in theUnited States, and the Frankfurt Stock Exchange (FRA) in Germany, andall trading for all Canadian shareholders will also continueunchanged. The CSE has an all-inclusive fee structure as opposed tothe TSXV’s percentage charges for each transaction, meaningsignificant savings for highly active companies. Additionally, the CSEdoes not charge companies to close Private Placements, allowing forgreater investment in the project. Ares has significant mining andconstruction plans and would benefit both expediently and financiallyfrom the structure offered by the CSE. The Company intends to delistfrom the TSXV following its Annual General Meeting on July7 th ,after which it will immediately list on the CSE.

James Walker, President and CEO of the Company said,“We have many significant upcoming undertakings planned for Ares,and the CSE structure will enable us to achieve our ambitions morequickly and inexpensively. Ares is anticipating a busy year and wantsto ensure its trading platform will facilitate these ambitions asefficiently as possible. We are excited about the upcoming work in theCompany and are confident the CSE will form part of the Company’ssuccess.”

In 2018 the U.S. government classified fluorspar as aCritical Mineral, “deemed critical to U.S. national security and theeconomy”. Fluorspar remains the only non-metallic Critical Mineralwhich is 100% imported in the entire country. Fluorspar’sclassification as a Critical Mineral in the United States translatesto a faster permitting period, enabling mining operations to initiatemore quickly than operations for conventional minerals.

Lost Sheep Fluorspar Project – Delta, Utah

• - 100% owned – 2,100 acres – 118 Claims

  - Located in the Spor Mountain area, Juab County, Utah,approximately 214 km south-west of Salt Lake City.

  - Fully Permitted – including mining permits.

  - NI 43-101 Technical Report identified extensivehigh-grade fluorspar with low levels of impurities.

  - Mining plan approved by BLM 1

First approved by Rex Rowley – Area Manager, Bureauof Land Management – 24th August 1992.

Renewed by Paul B. Baker – Minerals ProgramManager, Bureau of Land Management – 12th December 2016.

ON BEHALF OF THE BOARD OF DIRECTORS OF

ARES STRATEGIC MINING INC.

James Walker
Chief Executive Officer and President

For further information, please contact James Walker byemail at jwalker@aresmining.com

Neither the TSX Venture Exchange norits Regulation Service Provider (as that term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy or accuracy of this release. No stock exchange, securitiescommission or other regulatory authority has approved or disapprovedthe information contained herein.

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