Stria Lithium Inc. announce the completion of its fall 2022, 2,028-metre helicopter-supported core drilling program at its flagship Pontax lithium spodumene pegmatite dyke (LSPD) prospect located on the Company's Pontax Lithium property, in west-central Eeyou Istchee Baie-James Territory of northern QuTbec. The drilling program was designed to test the continuity at depth of the spodumene mineralization over the entire known strike length of the central spodumene-bearing pegmatite dyke swarm zone at the Pontax LSPD prospect. The fall core drilling program at the Pontax LSPD prospect was designed and operated by partner Cygnus Gold Limited (ASX: CY5) ("Cygnus") and comprised of seven (7) inclined NQ-diameter holes for a total of 2,028 metres drilled (holes 975-22-026 to 975-22-032).

Analytical results for the first set of drill core samples expedited to SGS Canada Inc. Laboratories in Lakefield, Ontario, are expected early in the first quarter of 2023. IOS Services GToscientifiques Inc. (IOS) of Saguenay, QuTbec, provided technical and logistical support for the drilling program while core drilling was performed by Forage RJLL of Rouyn- Noranda, QuTbec. In July, Stria announced a partnership with Cygnus Gold Limited ("Cygnus") by which Cygnus has been granted the sole and exclusive option to acquire up to a 70 % undivided interest in Stria's Pontax- Lithium property ("Pontax") under a two-stage option for total cash payments of $6.0 million and exploration expenditure commitments totaling $10.0 million.

Cygnus has been exploring the property under the terms of the first of the two-stage option, by which Cygnus is required to incur exploration expenditures on the Property in the amount of $4.0 million over a period of 18 months. The exploration team at Pontax has been supported by Relais Routier 381, a rest stop located on the Billy Diamond (James Bay) Highway at KM 381, that provided accommodations and meals for the team while in the field. The facility is owned and operated by the SociTtT de DTveloppement de la Baie-James SDBJ), which provides a vital source of gas, food and lodging in this remote area of northern QuTbec.