Issue of Equity

8 June 2016

 Strategic Minerals plc

("Strategic Minerals" or the "Company")

Issue of equity

Further to its announcement on 26 May 2016, regarding the investment in NAE Resources (UK) Limited ("Redmoor"), Strategic Minerals Plc (AIM: SML; USOTC: SMCDY), the minerals production and development company, announces the issue of new ordinary shares of 0.1p each in the Company ("Ordinary Shares") pursuant to the subscription by New Age Exploration Limited ("NAE"). The Company has today issued 25,000,000 Ordinary Shares (the "Subscription Shares") to NAE at a price of 0.3 pence per Ordinary Share, for a total consideration of £75,000. The subscription to new Ordinary Shares in the Company is being undertaken in connection with Strategic Minerals' investment into Redmoor, further details of which were announced on 26 May 2016.

Application has been made for admission of the Subscription Shares to trading on AIM ("Admission") and it is expected that Admission will occur on or around 14 June 2016.

Total voting rights

Following the issue of the Subscription Shares and with effect from Admission, the Company's issued share capital will consist of 915,429,227 Ordinary Shares, with one voting right per share. Strategic Minerals does not hold any ordinary shares in treasury. Therefore, the total number of Ordinary Shares and voting rights in the Company will be 915,429,227. This figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company.

For further information, please contact:

Notes to Editors

Strategic Minerals Plc is an AIM-quoted, diversified mineral development and production company with projects in the United States of America and Australia. The Company is focused on acquiring and developing cash generative, high quality projects which meet local market demand for commodities and utilising this cash flow to undertake value added exploration. 

In September 2011, Strategic Minerals purchased its first cash generating asset; the Cobre magnetite tailings dam project in New Mexico, USA which it brought into production in 2012 and which continues to provide a revenue stream for the Company. The portfolio was expanded in January 2016 with the acquisition of shares in Central Australian Rare Earths Pty Ltd, which holds tenements in Western Australia and the Northern Territory that are prospective for nickel sulphides and rare earths. Strategic Minerals has commenced drill-testing of the highest priority nickel sulphide targets within the tenements.