Strategic Metals Ltd. ("Strategic" or the "Company") (TSX VENTURE:SMD) announces
that it has approved the adoption of a new shareholder rights plan (the "new
rights plan"), to be effective upon the termination of the existing shareholder
rights plan at Strategic's 2014 annual general meeting, scheduled to be held on
July 11, 2014. The new rights plan has been designed to encourage the fair and
equal treatment of shareholders in connection with any takeover bid for
Strategic's outstanding securities, and will provide the board of directors with
additional time to assess the advantages and disadvantages of any particular
offer, and to seek out alternative proposals in the best interests of all
shareholders. The new rights plan will essentially be a continuation of the
shareholder rights plan adopted by Strategic on January 3, 2012, as ratified by
its shareholders at the annual general and special meeting held on June 25,
2012. 


Strategic will not be adopting the new rights plan in response to any specific
proposal to acquire control of its outstanding securities. The new rights plan
will be similar to plans adopted by other Canadian companies and ratified by
their shareholders. It is not the intention of the new rights plan to entrench
management or prevent a change of control of Strategic to the detriment of
shareholders. The new rights plan will not apply to takeover bids that meet
certain requirements including that the bid be made by way of a takeover bid
circular and be left open for at least 60 days so as to ensure that shareholders
will have an adequate opportunity to assess the merits of any such bid.


The new rights plan will be subject to TSX Venture Exchange acceptance and to
Strategic obtaining ratification thereof at an annual general meeting of
shareholders to be held within six months - in that regard, said shareholder
ratification will be sought at Strategic's 2014 annual general meeting. If
ratified, the new rights plan will have an initial term which will expire at
Strategic's annual general meeting of shareholders to be held in 2017; the new
rights plan may also be reconfirmed and extended at that annual general meeting
and at every third annual general meeting thereafter. If ratified as disclosed
above, a copy of the new rights plan will be available for viewing on SEDAR and
may also be obtained from Strategic subsequent to its 2014 annual general
meeting of shareholders.


ON BEHALF OF THE BOARD

Bruce A. Youngman, Chairman and Director

For further information concerning Strategic or its various exploration projects
please visit our website at 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Strategic Metals Ltd. - Corporate Information
W. Douglas Eaton
President and C.E.O.
(604) 688-2568


Strategic Metals Ltd. - Corporate Information
Bruce A. Youngman
Chairman
(604) 687-2522


Strategic Metals Ltd. - Investor Inquiries
Richard Drechsler
Corporate Communications
(604) 687-2522 or NA Toll-Free: (888) 688-2522
rdrechsler@strategicmetalsltd.com
www.strategicmetalsltd.com
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