StrategX Elements Corp. announced a considerable advancement reporting additional positive assay results for surface rock samples and drill core from its 100%-owned (2,665- hectare) Nagvaak property. This confirms the discovery of additional zones of critical metals on surface and at depth.

These results expand the length of the mineralized corridor to over 6 kilometres and correlate well with previously interpreted geophysical anomalies. The exploration team is focused on prioritizing drill targets and preparing a first phase of drilling to potentially define a large polymetallic deposit in nickel, copper, vanadium, molybdenum, zinc, and precious metals at Nagvaak. Prospecting Program Surface sampling in conjunction with diamond drill core logging and sampling support the continuity along strike length and at depth of the previously defined Nagvaak mineralized zones.

Figure 1 shows the location of the new rock grab sample assay results. Highly anomalous rock samples are consistently found in gossanous graphitic schist outcrop, which coincide with geophysical conductivity and magnetic anomalies. These results will assist in prioritizing drill targets.

Detailed sample assay results from 45 surface rock samples are displayed in Table 2 below. Notable statistics from this program include the following: Silver (Ag) - 10 samples > 10 g/t, up to 44.5 g/t Copper (Cu) - 17 samples > 0.2% including 9 > 0.3%, up to 1.09% Molybdenum (Mo) - 34 samples > 0.025%, including 10 > 0.05%, up to 0.194% Nickel (Ni) - 13 samples > 0.25%, up to 0.46% Vanadium (V) - 27 samples > 0.2%, including 11 > 0.3%, up to 0.498% Zinc (Zn) - 8 samples > 0.5%, up to 13.05%. Drill Core Sampling Program In addition to the previously released holes 1 and 2 on this section, hole 3 up-dip and hole 7 down-dip of the projected mineralized zone were sampled.

Figure 2 displays the results of the six additional zones of the observed mineralized core. Drill holes 1, 2, 3 and 7 were drilled on the same section across the width of the zone, at about 40m spacing. Assay results from holes 3 and 7 suggest that the metalliferous zones observed in holes 1 and 2 delineate a zone of 150m minimum in width, rather than being confined to a narrow corridor.

Projection of this 150m width to the existing surface exposures of similarly mineralized zones has been traced to over 5,000m along the trend indicating significant tonnage potential. Assay results from core samples show impressive values for multiple critical metals: up to 1% copper, 1% nickel, 1% vanadium pentoxide, 0.19% molybdenum, 5% zinc, 44 g/t silver and 1 g/t gold plus platinum group elements and can be found throughout the property. These high assay values occur as high-grade single commodity zones as well as polymetallic zones.

The results obtained to date from the historical drill holes are contributing to prioritizing drill targets knowing the Nagvaak mineral system is very large. Petrographic and graphite analyses are still pending and will contribute to this evaluation. Target Areas 1, 4 and 7 have the potential to host a very large tonnage critical metals deposit close to the surface, with grades greater than 1% nickel-equivalent or 2% copper equivalent and including high-grade vanadium pentoxide greater than 0.5%.