Strategic Minerals Regulatory News (SML)

10 February 2014

Strategic Minerals Plc (the "Company")

Directorate changes and withdrawal of requisition to convene a General Meeting

The Board of Strategic Minerals Plc (AIM: SML; USOTC: SMCDY), announces that Mr Paul Harrison has resigned as a director of the Company with immediate effect and that Mr Julien Francis McInally and Mr Lyle Curtis Hobbs have been invited to join the Board of Directors of the Company in a non-executive capacity as soon as practical subject only to customary due diligence and regulatory clearance.

The Company also announces that Peter Stephens has agreed to resign from the Board when Lyle Hobbs' appointment is confirmed and David Anderson will resign as a director, but remain with the Company, when Julien McInally's appointment is confirmed.

Julien McInally CPA, MBA 42, is a CFO/Company Secretary with over 15 years of resource industry experience with public listed companies on the TSX, AIM and ASX stock exchanges. He has expertise in capital raising, mergers and acquisitions, mining project evaluation, strategy, commercial agreements, statutory and management reporting and compliance and governance obligations of publicly listed companies. He has been CEO of a number of private exploration companies and has worked for BHP Billiton, Gladstone Pacific Nickel Limited (AIM and TSX: GPN), (Robust Resources Ltd ASX:ROL) and Reliance Resources Limited (TSX:RI) in commercial roles. Julien is currently CFO/Company secretary of Fertoz Ltd (ASX:FTZ).

Lyle Hobbs 49, is a mining engineer with significant operational experience. He has a BSc. in Engineering (Mining and Petroleum) and an MBA, both from the University of Alberta, Canada. He has a wealth of experience in both operational and corporate/strategic roles, with an emphasis on project management roles including a remote mine and infrastructure in Northern British Columbia, a coal port redevelopment on the Columbia River in Washington, an oil shale project in Utah, coal to liquids plants in the United States, an oil sands project in Northern Alberta and various small projects at an operating coal mine in Alberta. In addition to his project management and implementation roles, his operations and corporate leadership roles have included Technical Services Manager and Head Engineer-Mining in the Canadian oil sands, Engineering Manager at two operating coal mines, overall technical leadership for on and off-site engineering studies for a remote development anthracite coal mine in Northern British Columbia.

Withdrawal of Requisition to convene a General Meeting

The Company further announces that Lenark PTY Ltd and Kifaco PTY Ltd have withdrawn their requisition to convene a General Meeting of the Company previously announced on 30 January 2014.

Corporate Strategy

The Company's strategy is to find and exploit mineral stockpiles which are outside high risk and volatile regions. Whilst the focus to date has been iron ore tailings, the Company intends to identify and acquire high quality stockpiles across a broad spectrum of resource tailings. A number of stockpiles have been assessed and are still being investigated. At the same time, the Company continues to seek to release the embedded value in its exploration assets in Australia.

The overriding ambition is to achieve superior returns and generate shareholder value. In the short term the Company's focus is to secure additional stockpiles to increase its resource base and life of operations. The Board will assess each project against stringent criteria, including anticipated return on investment, revenues, operational and logistics costs, inherent risks and risk mitigation measures.

The appointment of Messrs McInally and Hobbs to the Board of Directors is expected to enhance the Company's ability to accelerate its strategic objectives, and in particular the Company's ability to find and acquire the rights to mineral stockpiles.

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