Strategic Metals Ltd. (TSX VENTURE:SMD) ("Strategic") announces that it has
granted incentive stock options under its Incentive Stock Option Plan to its
directors, officers, consultants and employees, entitling them to purchase up to
a total of 1,005,000 shares at a price of $0.45 per share for a period of five
years. All of these options are subject to vesting provisions under which 25% of
the options will vest at the conclusion of each three months during the first
year of the exercise period.


About Strategic Metals Ltd.

Strategic is a pre-eminent explorer and claim holder in the Yukon, with an
exceptional portfolio of more than 140 mineral property and royalty interests.
The Company has a current cash position of more than $32 million and large
shareholdings including 8.8% of ATAC Resources Ltd., 19.9% of Silver Range
Resources Ltd. and 30.88% of Rockhaven Resources Ltd.


ON BEHALF OF THE BOARD

W. Douglas Eaton, President and Chief Executive Officer

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.


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


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