Strategic Minerals Regulatory News (SML)

For immediate release: 12 January 2012

Strategic Minerals plc

("Strategic Minerals", "SML" or the "Company")

Additional Working Capital Raised at 10p per Share

Further to the announcement of 1 November 2011, Strategic Minerals plc (AIM: SML) is pleased to announce that the Company has raised an additional £370,000 through the placing of 3,700,00 new ordinary shares of 0.1p each in the Company (the "Subscription Shares") at a price of 10p per Subscription Share to certain investors (the "Subscription"), the subscription price being at a 14.3% premium to the closing share price of 8.75p on 11 January 2012. The Subscription has been carried out within the Company's existing share authorities.

The proceeds of the Subscription will be used to provide additional working capital for the Company as it progresses its current projects in North America and Australia.

Application will be made for the Subscription Shares to be admitted to trading on AIM ("Admission") and it is anticipated that Admission will occur on or around 18 January 2012. On Admission the Subscription Shares will rank pari passu with the Company's existing ordinary shares of 0.1 pence each ("Ordinary Shares").

Following Admission the total number of Ordinary Shares in issue will be 403,096,393, each with one voting right and no shares held in treasury. Therefore the total number of voting rights in Strategic Minerals will be 403,096,393. This figure may be used by shareholders 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 Company under the Financial Services Authority's Disclosure and Transparency Rules.

Steven Sanders, Chairman of Strategic Minerals, commented:

"We are delighted by the interest shown by investors wishing to invest directly into the Company. This latest investment comes at a time when we continue to make good progress on our projects in New Mexico and Australia."

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About Strategic Minerals

Strategic Minerals plc (AIM: SML) is developing a balanced portfolio of magnetite stockpile assets that generate near-term significant revenues and longer term iron ore exploration projects for progression to JORC Measured Resource status. Strategic Minerals currently holds stockpile assets in North America and exploration properties in Australia. www.strategicminerals.co.uk.