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Strategic Metals Ltd.

11:47 AM EST - Strategic Metals Ltd. : Has completed its Plan of Arrangement to spin out certain of its assets into Trifecta Gold Ltd., as approved by Strategic's shareholders at its Special General Meeting held on April 21, and as approved by a final Order of the Supreme Court of British Columbia on April 25. Under the Arrangement, Strategic has distributed to its own shareholders of record as of May 31, a total of 19,872,254 common shares of Trifecta. Strategic continues to hold 2,127,747 common shares of Trifecta for investment purposes, representing 9.19% of the 23,150,001 common shares of Trifecta currently outstanding. Strategic Metals Ltd. shares V.SMD are trading unchanged at $0.55.