Strategic Metals Ltd. announces that its board of directors has unanimously approved a proposal to undertake a spin-out transaction to segregate some of its assets into a separate company. Under the terms of the proposed transaction, Strategic will transfer its Eureka, Triple Crown and Treble projects in Yukon and sufficient cash to qualify for a listing on the TSX Venture Exchange to Trifecta Gold Ltd. , a wholly-owned subsidiary, in return for Trifecta shares, most of which will then be distributed to Strategic shareholders by way of a plan of arrangement.