Strategic Metals Limited: Announces the Granting of Incentive Stock Options

And the Surrender for Cancellation of Certain Incentive Stock Options

Vancouver - Strategic Metals Ltd. (TSX-V: SMD) (“Strategic”) announces that it has granted incentive stock options to directors, officers, employees and consultants, entitling them to purchase up to a total of 2,010,000 common shares at a price of $0.35 cents per share for a period of five years. The options will vest on a quarterly basis commencing three months from the date of grant.

Strategic has also accepted the surrender for cancellation of options held by certain directors, officers, employees and consultants in respect of a total of 2,560,000 shares exercisable at $0.80 per share.


ON BEHALF OF THE BOARD

“W. Douglas Eaton”
President and Chief Executive Officer



For further information concerning Strategic or its various exploration projects please visit our website at www.strategicmetalsltd.com or contact:



Corporate Information

Strategic Metals Ltd.
W. Douglas Eaton, President and C.E.O.
Tel: (604) 688-2568

Investor Inquiries
Richard Drechsler, V.P. Communications
Tel: (604) 687-2522
NA Toll-Free: (888) 688-2522
rdrechsler@strategicmetalsltd.com
http://www.strategicmetalsltd.com




Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.