Vancouver, British Columbia, March 17th, 2020. ARES STRATEGIC MINING INC. ("Ares Strategic Mining” or “Ares” or the “Company”) (TSX-V: ARS) (FRANKFURT: N8I), today announced it has entered into a Strategic Partnership with the Mujim Group, a large multinational fluorspar mining and distribution company.

The Mujim Group has agreed to invest time and expertise in assisting Ares Utah located Fluorspar mine achieve greater production levels and efficiency. After visiting Ares’ Lost Sheep mine, the Mujim Group invested in the Company to become large shareholders. The management believe the mine has “enormous potential” and could significantly benefit from their years of operational and processing experience. The Managing Director, Mr Bob Li, has committed to assist with equipment selection, mining methods, processing techniques, and the supply of expert fluorspar mining personnel, to ensure Ares’ mine achieves its potential.

James Walker, President and CEO of the Company said, “It greatly strengthens the confidence of the Company to receive such validation and assistance from an already established and highly profitable fluorspar mining company. The promised assistance and investment is very encouraging, and makes our project and future look more secure. We look forward to working closely with the Mujim group in the future to expand our operation towards the potential Mr Li and the Mujim Group believe it capable.”

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

- Raul Sanabria, P.Geo., is a qualified person as defined by NI 43-101 and has reviewed and approved the technical contents of this news release. -.

Lost Sheep Fluorspar Project – Delta, Utah

• 100% owned – 1,447 acres – 67 Claims

• Located in the Spor Mountain area, Juab County, Utah, approximately 214 km south-west of Salt Lake City.

• Fully Permitted – including mining permits.

• NI 43-101 Technical Report identified extensive high-grade fluorspar with low levels of impurities.

• Mining plan approved by BLM[1]

[1] First approved by Rex Rowley – Area Manager, Bureau of Land Management – 24th August 1992.Renewed by Paul B. Baker – Minerals Program Manager, Bureau of Land Management – 12th December 2016