Strategic Metals Ltd.

Strategic Metals Ltd.

October 17, 2005 15:19 ET

Strategic Confusion

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 17, 2005) - Robert Carne, President, wishes to clarify that Strategic Metals Ltd. (TSX VENTURE:SMD) is in no way directly or indirectly related to Strategic Metals Corp. which is currently the subject of a cease trade order by the Alberta Securities Commission. Since August 2005 various publications have mistakenly identified Strategic Metals 'Ltd.' for Strategic Metals 'Corp.' and have erroneously reported that Strategic Metals Ltd. is subject to the above-mentioned cease trade order.

Strategic Metals Ltd. has repeatedly notified the various publications of these errors but to date has been unable to prevent them from occurring again. Directors and management of Strategic Metals Ltd. sincerely regret any concern or inconvenience these inaccurate reports have caused our shareholders.

Strategic Metals Ltd. is a well funded junior mining company specializing in generative exploration in northwestern Canada. Its business plan entails acquiring quality prospects, advancing them to drill stage and then arranging a joint venture, option or outright sale. Strategic Metals Ltd. currently has more than 30 properties in its portfolio, many of which are drill ready and meet the criteria for qualifying properties.


Robert C. Carne, President.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this news release.

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