SMD Strategic Metals Ltd New

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Strategic Metals Ltd. (TSX VENTURE:SMD) ("Strategic") announces, further to its
July 19, 2011 News Release, that it has completed its Plan of Arrangement (the
"Arrangement") to spin-out certain of its assets into Silver Range Resources
Ltd. ("Silver Range"), as approved by Strategic's shareholders at its Special
General Meeting held on July 15, 2011, and as approved by a final Order of the
Supreme Court of British Columbia on July 18, 2011.


Under the Arrangement, Strategic will distribute to its own shareholders of
record as of July 27, 2011 a total of 30,003,950 common shares of Silver Range
and 15,001,975 Silver Range share purchase warrants, each of which will entitle
the holder to purchase one additional Silver Range common share at a price of
$0.85 (Cdn.) until February 10, 2013. Strategic continues to hold 6,947,951
Silver Range common shares and 3,473,975 Silver Range share purchase warrants
for investment purposes, representing 18.80% of each of the 36,951,901 Silver
Range common shares and 18,475,950 Silver Range share purchase warrants
currently outstanding.


Strategic has also been advised by the TSX Venture Exchange that, effective at
the opening on August 10, 2011, the Silver Range common shares and Silver Range
share purchase warrants will commence trading under the symbols "SNG" and
SNG.WT", respectively.


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.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities of the Company in the United States. The
Company's securities have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act") or any
state securities laws and may not be offered or sold within the United States or
to U.S. Persons unless registered under the U.S. Securities Act and applicable
state securities laws or an exemption from such registration is available.
Investors are cautioned that, except as disclosed in Strategic's Management
Information Circular, any information released or received with respect to the
Arrangement may not be accurate or complete and should not be relied upon.


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.

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