SMD Strategic Metals Ltd New

Strategic Metals Ltd. (TSX VENTURE:SMD) ("Strategic") announces that it is
making a new Normal Course Issuer Bid (the "New Bid") pursuant to the provisions
of TSX Venture Exchange Policy 5.6, to succeed its existing Normal Course Issuer
Bid (the "Old Bid"), as accepted by the TSX Venture Exchange on November 21,
2012.


Strategic has purchased 1,030,000 shares under the Old Bid, which will expire on
November 25, 2013, at an average price of $0.3720 per share, and has purchased a
total of 4,635,500 shares since January 2008 at an average price of $0.3004 per
share under four successive Normal Course Issuer Bids. The New Bid will consist
of the acquisition by Strategic of up to 7,300,000 common shares of its capital
stock, representing approximately 10% of the "public float" of 73,909,333 common
shares upon the date of commencement of the New Bid. (There are currently
89,526,851 common shares of Strategic issued and outstanding.) The New Bid will
commence on November 26, 2013, and will expire on November 25, 2014.


Strategic is making the New Bid, to succeed the Old Bid (which was limited to an
aggregate of 8,400,000 common shares), because it is of the opinion that
fluctuating global market conditions periodically (and currently) may result in
unwarranted reductions in Strategic's share price that do not reflect the
underlying value of its assets. Strategic will utilize unallocated cash
resources to effect purchases under the New Bid with a view to capitalizing on
these potential price weaknesses. Shares purchased under the New Bid will be
made at Management's discretion based on market conditions, and will be returned
to Strategic's treasury for cancellation.


The New Bid will be conducted on behalf of Strategic by PI Financial Corp., of
Suite 1900 - 666 Burrard Street, Vancouver, B.C. 


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.


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.
W. Douglas Eaton
President and C.E.O.
(604) 688-2568


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


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

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