Vancouver, BC - TheNewswire - January 6, 2023 - Ares Strategic Mining Inc. (“Ares” or the “Company”) (CSE:ARS) (OTC:ARSMF) (FRA:N8I1), is announcing that it has cancelled an aggregate of 8,088,053 Options. The subject Options were cancelled effective January 6th, 2023 and are comprised of 1,888,053 Options previously granted on December 16, 2021 at an exercise price of $0.31 per Share and 6,200,000 Options previously granted on Feb 8, 2022 at an exercise price of $0.46 per Share.

ON BEHALF OF THE BOARD OF DIRECTORS OF
ARES STRATEGIC MINING LTD.

James Walker
Chief Executive Officer and President

For further information, please contact Mark Bolin by phone at 604-345-1576 or by email at jwalker@aresmining.com

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