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Clarifying News Release

Vancouver, B.C. September 23rd, 2021 — Ares Strategic Mining Inc. (TSXV: ARS) (“Ares” or the “Company”), would like to clarify statements in its September 8th Press Release. The Company reported that it had submitted an NI 43-101 compliant Technical Report. The report submitted is not a compliant NI 43-101 technical report, and that the information in the news release should not be relied on until it has been verified and supported by a technical report.


ON BEHALF OF THE BOARD OF DIRECTORS OF

ARES STRATEGIC MINING INC.


Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

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DISCLAIMER:
Companies typically rely on comprehensive feasibility reports on mineral reserve estimates to reduce the risks and uncertainties associated with a production decision. Historically, situations where the issuer decides to put a mineral project into production without first establishing mineral reserves supported by a technical report and completing a feasibility study have a higher risk of economic or technical failure, though some industrial mineral ventures are relatively simple operations with low levels of investment and risk, where the operating entity has determined that a formal prefeasibility or feasibility study in conformance with NI 43-101 and 43-101 CP is not required for a production decision. 

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© 2023 by ARES Strategic Mining Inc.

CNSX: ARS | OTC: ARSMF | FRA: N8I1

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