Strategic Rare Earth Metals, Inc. Cannabis Update

Strategic Rare Earth Metals, Inc. (OTC Markets:SREH) announced today that the Company is in direct talks with a leading cannabis company that has a market cap of over $100 million and has provided funding, joint venture and consulting services for over 30 companies in the industry.

The company is excited and is looking forward to working with this industry leader in the near future.

Bill Schaefer, President of Strategic Rare Earth Metals, Inc., stated, "With the company moving forward in the cannabis industry and with the recently additions of Mr. Charles Restivo and Mr. William Britt as consultant and advisor of operations respectively who have over 30 years of combined experience in the cannabis industry, the company is focused on building shareholder value".

For more information about Strategic Rare Earth Metals, Inc., please visit the Company's website at http://www.srehholdings.com

Forward-Looking Statement

Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

CONTACT: Bill Schaefer, President
         562-453-7643