IMBUE Capital entered into a mining claim acquisition agreement to acquire an 80% stake in Vanadium Ridge Property from Argentum Silver Corp. (TSXV:ASL) for CAD 0.61 million on April 16, 2021. Pursuant to the terms of the agreement, Argentum has agreed to sell its interest in the property, in exchange for total consideration of CAD 600,000, consisting of CAD 200,000 in cash and CAD 400,000 in stock. The payment schedule for the sale of the property is as follows: (i) On signing of the agreement, Imbue pays to Argentum CAD 50,000 in cash and issues CAD 50,000 worth of Ares Strategic Mining Inc. common shares, the number of which to be based on the previous 10-day volume-weighted average price (“VWAP”) of the Ares share price; (ii) Within three months of signing, Imbue pays Argentum CAD 150,000 in cash and issues CAD 200,000 worth of Ares common shares, the number of which to be based on the previous 10-day VWAP of the Ares share price; and, (iii) Within six months of signing, Imbue issues Argentum CAD 150,000 worth of Ares common shares, the number of which to be based on the previous 10-day VWAP of the Ares share price. Shortly after signing the agreement, Imbue paid CAD 50,000 in cash and has issued 78,125 Ares shares to Argentum, the number of shares issued based on the 10-day VWAP of CAD 0.64 prior to the signing of the agreement. The transaction remains subject to approval of the TSX Venture Exchange and the common shares issuable thereunder will be subject to a four-month hold period from the date of issuance.