Ares Strategic Mining Closes First Tranche of LIFE Offering and Files Amended and Restated Offering Document

Vancouver, B.C. October 17, 2025 — Ares Strategic Mining Inc . (CNSX: ARS) (“Ares” or the “Company”) is pleased to announce that it has closed the first tranche of its previously announced offering of units (each, a “Unit”) by issuing 11,111,112 Units at a price of $0.45 per Unit, for aggregate gross proceeds of $5,000,000.40 (the “First Tranche”) pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 – Prospectus Exemptions (the “Initial LIFE...