Strategic Metals Ltd. (TSX VENTURE:SMD) ("Strategic") announces that the royalty
purchase transaction reported on August 3, 2012 has now closed. Strategic has
received US$30 million and sold its royalty interests in the Casino, Logtung,
and Wolverine deposits to 8248567 Canada Limited, an arm's length purchaser.
Strategic will receive an additional cash payment of US$6 million if the
operator of the Casino project has obtained all necessary permits and
authorizations prior to December 31, 2016 to construct and operate the project
as a producing mine.


With the closing of the royalty sale, Strategic has increased its cash position
to approximately $51 million and owns marketable shares of other resource
companies currently valued at approximately $41 million. These shareholdings
include 9.6% of ATAC Resources Ltd., 18.8% of Silver Range Resources Ltd., 28.0%
of Rockhaven Resources Ltd, 19.9% of Precipitate Gold Corp., and 19.9% of
Wolverine Minerals Corp.  


Strategic is also an active explorer with interests in over 160 properties,
including 65 that are under option to other companies and 20 where Strategic
holds net smelter return royalty interests.


For additional information concerning Strategic Metals Ltd. please visit
Strategic's website at www.strategicmetalsltd.com.


CAUTIONARY NOTE: This news release includes certain "forward-looking statements"
including receipt of the additional US$6 million from the royalty sale. There
can be no assurance that such statements will prove to be accurate, and actual
results and future events could differ materially from those anticipated in such
statements. Factors that could cause actual results to differ materially from
those expected by Strategic are those risks described herein and from time to
time, in the filings made by Strategic with Canadian securities regulators.
Those filings can be found on the Internet at http://www.sedar.com. Strategic's
cash position and value of marketable securities is unaudited and estimated as
of August 8, 2012. The value of marketable securities changes on a daily basis.
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