Strategic Minerals Europe Corp. announced the granting of the definitive concession on Section C of the Company's Penouta Mine. This Section C named "Penouta Mine No.

4880.1" consists of 16 mining squares with an area of 155.8 hectares. The mining concession allows the Company to exploit the mineral resources that were certified by SRK in NI 43-101 for 30 years renewable for up to 75, thereby allowing the Company to fully develop the open pit mine to exploit cassiterite (tin), tantalum and niobium, and also allowing the exploitation of the industrial minerals that exist in the mine, such as quartz, feldspars and micas.