August 08, 2006 15:49 ET

eResearch Issues Initiating Report on Strategic Metals Ltd.

TORONTO, ONTARIO--(CCNMatthews - Aug. 8, 2006) - eResearch has written an Initiating Report by Adrian Manlagnit, B.Sc. (Mining Engineering), and Bob Weir, B.Sc., B.Comm., CFA on Strategic Metals Ltd. (TSX VENTURE:SMD). Strategic Metals is a Canadian junior mining exploration and development company with a multitude of base and precious metals properties located in Canada.

In the report, the Analysts state that, "Unlike most junior mining exploration companies which have to rely largely on their own abilities and resources to explore and develop their properties, Strategic Metals utilizes farm-out deals with third parties to advance its projects."

The Analysts go on to say, "... the Company essentially uses other mining companies' money to finance the exploration and development of its properties. This strategy minimizes the need for capital, spreads the risks, and allows generative research for additional properties to be acquired."

eResearch is Canada's primary source for independent, quality, investment research, focused primarily on small- and mid-cap companies. Our research and analysis is of institutional quality, and has the potential of reaching millions of global investors through our extensive Internet distribution network. eResearch does not trade in the securities of the companies it covers, nor does it accept any stock related compensation for research services. eResearch does not engage in retail or institutional sales, trading, or corporate finance activities, nor does it conduct investment banking or investor relations services for the companies covered. Our sole business is providing quality, unbiased research.

Strategic Metals Ltd. pre-paid eResearch a fee of C$17,500 + GST to provide annual research coverage on the Company.

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