PIVOTAL MOMENT FOR RESOURO STRATEGIC METALS AND THE INDUSTRY AS A WHOLE

Following the July 18, 2024 release of the Company’s maiden JORC Mineral Resource
Estimate (“MRE”) for the Tiros Project, Resouro has completed the first steps of its
metallurgical strategy with its partner, Altilium.

The aim of this metallurgical study was to achieve maximum extractions and recovery of Rare
Earth and Titanium minerals, applying Altilium’s patented technology, including acid
regeneration with minimal acid loss as well as zero waste.

President, CEO, Director and Founder, Chris Eager commented:
“Completion of our first stage of the Altilium extraction assessment for the Central Block of the Tiros Rare Earth project marks a pivotal moment for Resouro Strategic Metals and the industry as a whole.”
“These extraction results, combined with the maiden JORC mineral resource estimate, provide
our shareholders with confidence that Tiros’ consistently thick, near surface and highly
weathered clay-like material has strong potential to produce excellent results and meet the
needs of the global demand for stable supply of rare earth critical minerals.”

Attached below is the “Resouro Strategic Metals Metallurgy Update for the Tiros Project” announcement on its metallurgical studies for the Tiros Titanium and Rare Earth Elements Project in Brazil which marks a significant milestone in the Project’s development. The results from the metallurgical test work below indicate that Resouro, together with its partner Altilium, have the potential to achieve the highest rare earth extractions known across the industry to date.

RSM_PR_ASX_Tiros-Recovery-Update-Final-13.08.24

About Altilium Group

Altilium owns a unique patent-protected process for the extraction of metals from certain ores as well as mine and process waste. Altilium’s intellectual property involves the dissolving of the feed in nitric acid, the extraction of all the metals present, the recovery and reuse of the nitric acid and the resulting residue (if any) being inert, consisting mainly of silicates. The residue will also contain trace amounts of nitrates, making it a weak fertiliser, ideal for blending with topsoil to aid site rehabilitation. Nitric acid may be applied to almost any type of feed. In the first instance, Altilium has developed its technology to extract nickel and cobalt (together with the iron, aluminium and magnesium) from nickel laterite ore. Visit www.altiliumgroup.com to find out more.  

For further information contact:

• chris.gower@altiliumgroup.com
• Media contact: mickey@firestarter.live 

About Resouro Strategic Metals Inc.

Resouro is a Canadian incorporated mineral exploration and development company, listed on
the ASX, TSXV, OTC and FSE, focused on the discovery and advancement of economic
mineral projects in Brazil, including the Tiros project in Minas Gerais and the Novo Mundo
Gold Project in Mato Grosso. The Tiros project represents 25 mineral concessions totalling 450
km2 located in the state of Minas Gerais, one of the most infrastructurally developed states of
Brazil, 350 km from Belo Horizonte, the state capital. More information is available at www.resouro.com.

For further information contact:

• Chris Eager, CEO | chris.eager@resouro.com