Resouro Strategic Metals Inc Tiros Drilling Continuing to Deliver High Grade Results

(TheNewswire)

Toronto,Ontario –TheNewswire -(NewsfileCorp.–March13,2024)-ResouroStrategicMetalsInc.(TSX-V:RSM)(FSE:BU9)(“RSM”,"Resouro"orthe"Company")ispleasedtoprovide anupdateonactivitiesattheTirosRareEarths and Titanium project in Brazil (“TirosProject” or “Project”).

Highlights from the latest drilling results include:

ACTIR33–40metresat4,343ppmTREO1,000ppmNdPrand11.46%TiO2,from10metresACTIR36–40metresat4,576ppmTREOand928ppmNdPrand15.15%TiO2,from6metres

Exploration

The drilling campaign at Tiros has been designed to increase the geological understanding of the Tiros central Mineral Rights to enable a geological resource model to be produced and to estimate a Maiden JORC Resource. A large number of samples from the recent drilling are still at the laboratory awaiting analysis.Theresultsannouncedtodate,includingthoseintheCompany's announcement of January 18, 2024 - “Recent Drilling Results Released Producing Highest Grade/Thickness Results from theTiros Project”) together with the results detailed in this announcement, demonstrate the significant potential for Tiros to be an industry leading project.

Selected Intercepts from the latest drilling at Tiros include;

Todatetheorebodyisopeninalldirections and has continued to show drilling and assays in all directions containing the typical high-grade materials found and reported to date. For the full details refer to Table -1, see below for the details. The potential quantity and grade is conceptual in nature. There has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

Table -1 Recent Assay Results from the Tiros Central block exploration program showing globally significant grades andorebodythickness

Exploration has focused on the Tiros Block located in the centre of the Project Area, which makes up approximately 9% of the total 477km2 Tiros Project (see Figure 1). RSM recently acquired additional Mineral Rights in the Northern and Southern areas, and initial exploration data indicates similar potential to the Tiros central tenements. Resouro’s exploration team has developed a scout drilling plan to further assess the potential of Capacete Formation identified in the new Mineral Rights.

Figure 1 The Tiros Project showing the recently completed exploration in the Tiros central tenements (yellow) and the recentlyapprovedandexistingtenementstothenorthandsouth presentlybeingscheduledfor exploration

Metallurgical Testwork

Resouro has commenced engaging a number of leading laboratory and subject matter experts to undertake conventional Ionic Clay Extraction and non-conventional tests that have shown promise of much greater recoveries seen in the industry. Works that will be undertaken are targeting towards producing a series of flowsheets options to produce Mixed Rare Earth Carbonates and TiO2 Concentrates. This work will include an extensive program including;

1. Physical and chemical characterization of the representative samples

• granulochemicalanalysis;

• petrographicstudy;

• X-ray diffractometry;

• SEM-EDS;

• characterizationofnaturalfines andfinesgrinding;

• comminution,particlesizeseparation;

• measurementofthedegree ofrelease;

• studiesofphysical concentration,withemphasisonmagneticseparation.

2. Studies of enrichment of raw materials (hydrometallurgy and pyrometallurgy operations) and processing / use of tailings stability of crystalline phases versus temperature variation;

• chemicalreactivitytests-dependenceonchemicalreagentconcentration,temperatureandreactiontime,

• massrecoveries,filtrationratesandtailingsdisposal,

• chemicalprocessing,massbalanceandenergyroute,

• optimizationofthe variablesofthetechniqueandconsumptionofrawmaterials,

• obtainingandcharacterizing theproduct(s),

• Processingflowchart,materialbalanceandenergy.

QualityAssuranceQualityControl

A QA/QC program is in place for every batch of samples sent to the laboratory including blanks, different typesofstandards,forREEandtitanium,andalsofieldduplicates.Further,a numberofsamplesineach batch are later chosen for testing in a secondary laboratory and in the primary laboratory, as pulp or coarse duplicates.

QualifiedPerson

The technical content of this news release has been reviewed and approved by Rodrigo Mello B.Sc. Geology, FAusIMM and a qualified person as defined by National Instrument 43-101. Mr Mello has reviewed and verified the drilling and assay data included in this announcement.

Next Steps

Drilling at Tiros has produced consistently thick intercepts at elevated Rare Earth and TiO2 grades which provides Resouro with a high level of confidence to proceed to further technical studies. The next step is to estimate a JORC Compliant Resource Exploration Target and then incorporate all of the assays from samples pending from the laboratory with the aim to produce a Maiden JORC Resource. This information together with the results of Metallurgical test-work, when received, will be used to build a comprehensive Geo-metallurgicalmodelofthedeposit. The Geo-metallurgical model will be the be the foundation for the Company's technical studies.

CommentingonthelatestdrillingandassayresultsandexplorationupdatefortheTirosProject,CEO and President of Resouro, Chris Eager, commented:

“The remarkable thing about Tiros is the consistency and continuity of high TREO grades and very highNdPrgradesstronglycorrelatedwithextremelyhighTiO2Grades.Theorebodyisunconstrainedineverydirectionincludingdepthandcombinedwithourrecentlyapprovednorthernandsoutherntenements,

highlight the potential of the scale of the Tiros Project. For this reason, the Board has approved theadvancementoftheprojecttechnicalstudieswhichisunderdetailedreview.ThisworkisintendedtohighlightthepotentiallysignificantvaluethatcouldbederivedfromtheTirosasset.Iamlookingforwardtosharingdetailedresultsonthisworkoverthecomingmonths.”

On behalf of the Board of Directors,Chris Eager, President & CEORESOUROSTRATEGICMETALSINC.

Forfurtherinformation,pleasecontacttheCompanyat:

ChrisEager, CEOchris.eager@resouro.com

+44-738-805-7980

Forward-LookingInformation

Thisnewsreleasecontainscertain"forward-lookinginformation"withinthemeaningofapplicablesecuritieslaw.Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend","believe","anticipate","estimate"andothersimilarwords,orstatementsthatcertaineventsorconditions"may"or"will"occur.Inparticular,thisnewsreleaseincludesforward-lookinginformationregardingexplorationanddrillingactivities,thepotentialforTirostobeanindustryleadingprojectandtheCompany’splansrelatingtometallurgicaltestworkandfurthertechnicalstudies.Althoughwebelievethattheexpectationsreflectedintheforward-lookinginformationarereasonable,therecanbenoassurancethatsuchexpectationswillprovetobecorrect.Wecannotguaranteefutureresults,performanceorachievements.Consequently,thereisnorepresentationthattheactualresultsachievedwillbethesame,inwholeorinpart,asthosesetoutintheforward-lookinginformation.

Forward-lookinginformationisbased ontheopinions andestimates ofmanagementatthedatethestatements aremadeandaresubjectto a varietyofrisksanduncertaintiesandotherfactorsthatcouldcauseactualeventsorresultstodiffermateriallyfromthoseanticipatedintheforward-lookinginformation.Someoftherisksandotherfactors that could cause the results to differ materially from those expressed in the forward-looking informationinclude,butarenotlimitedto:generaleconomicconditionsinCanadaandglobally;industryconditions,includinggovernmentalregulationandenvironmentalregulation;failuretoobtainindustrypartnerandotherthirdpartyconsentsandapprovals,ifandwhenrequired;theneedtoobtainrequiredapprovalsfromregulatoryauthoritiesincludingTSXVentureExchange;stockmarketvolatility;liabilitiesinherentintheminingindustry;competitionfor,amongotherthings,skilledpersonnel andsupplies;incorrect assessmentsofthe value ofacquisitions;geological,technical,processingandtransportationproblems;changesintaxlawsandincentiveprograms;failuretorealizetheanticipatedbenefitsofacquisitionsanddispositions; andtheotherfactors.Readersarecautionedthatthislistofriskfactorsshouldnotbeconstruedasexhaustive.

Theforward-lookinginformationcontainedinthisnewsreleaseisexpresslyqualifiedbythiscautionarystatement.Weundertakenodutytoupdateanyoftheforward-lookinginformationtoconformsuchinformationtoactualresultsortochangesinourexpectationsexceptasotherwiserequiredbyapplicablesecuritieslegislation.Readersarecautionednottoplaceunduerelianceonforward-lookinginformation.

NeithertheTSXVentureExchangenoritsRegulationServicesProvider(asthattermisdefinedinthepoliciesoftheTSXVentureExchange)acceptsresponsibilityfortheadequacyoraccuracyofthisrelease.

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Thisnewsreleasedoesnotconstituteanoffertosellorasolicitationofanoffertobuyanyofthesecuritiesof the Company in the United States. The securities have not been and will not be registered under theUnitedStatesSecuritiesActof1933,asamended(the“U.S.SecuritiesAct”)or anystatesecuritieslawsandmaynotbeofferedorsoldwithintheUnitedStatesorto U.S.Personsunlessregisteredunderthe

U.S. Securities Act and applicable state securities laws or an exemption from such registration isavailable.

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