Strategic Metals Ltd.
TSX VENTURE : SMD

Strategic Metals Ltd.

September 18, 2007 13:33 ET

Strategic Metals Ltd. Options Properties to Mega Silver Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 18, 2007) - Strategic Metals Ltd. (TSX VENTURE:SMD) is pleased to announce that it has agreed to option its Uno, Jake and Rogue silver properties located in central Yukon to Treat Systems Inc., a public company listed on the NEX board of the Toronto Venture Exchange under the symbol TSZ.H. Treat Systems Inc. is changing its name to Mega Silver Inc.

Under terms of the agreement, Strategic has granted Treat the right to earn a 100% interest in the properties for: a total of $200,000 cash and 150,000 common shares upon regulatory acceptance; a total of $3,000,000 in work expenditures over a two year period (with $1,000,000 to be spent within the first year); and, 1,000,000 common shares to complete earn-in for each property. Strategic will retain a 1% net smelter return royalty in any property where earn-in is completed and will regain 100% ownership of each property for which the final 1,000,000 shares are not issued.

"We are very pleased to have optioned these prospective silver properties to Treat. This agreement allows Strategic to benefit from all of Treat's activities through its share interest, while retaining a significant stake in any future profits from the optioned properties," stated Mr. Rob Carne, President of Strategic.

For further information concerning Strategic Metals Ltd. or its various exploration projects please visit our website at www.strategicmetalsltd.com

STRATEGIC METALS LTD.

Robert C. Carne, President

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OF THIS NEWS RELEASE.

Contact Information

  • Strategic Metals Ltd.
    Graham Downs
    Corporate Communications
    (604) 687-2522
    Email: graham@nordacres.com