Mr. Dean Hanisch reports

STRIA LITHIUM INC. ANNOUNCES ITS INTENTION TO EXTEND THE EXPIRATION DATE OF ITS WARRANTS

Stria Lithium Inc. intends to extend the date of 5.2 million warrants, all of which are exercisable at 50 cents per common share. The company purposes to extend the expiry date of the warrants by an additional 24 months. The warrants were issued as part of a private placement which closed on June 24, 2021, and accordingly the new expiry date for the warrants will be June 24, 2025.

All other terms of the warrants remain unchanged. The extension of the expiry date of the warrants is subject to TSX Venture Exchange approval.

A total of 740,000 warrants are held by related parties to the company. Therefore, the amendment of the expiry date of the warrants constitutes a related party transaction pursuant to Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. However, the exemption from formal valuation and minority approval requirement found at Section 5.5 and 5.7 of MI 61-101 will be relied on as the fair market value of the warrants does not exceed 25 per cent of the market cap of the company.

About Stria Lithium Inc.

Stria (TSX Venture Exchange: SRA) is an emerging resource exploration company developing Canadian lithium reserves to meet legislated demand for electric vehicles and their rechargeable lithium-ion batteries.

Lithium is a rare metal and an indispensable component of rechargeable lithium-ion batteries, one of the safest and most efficient energy storage technologies available today, used in everything from cellphones and power tools to electric cars and industrial-scale energy storage for renewable power sources such as wind and solar generation.

Stria's Central Pontax lithium project covers 36 square kilometres, including eight kilometres of strike along the prospective Chambois greenstone belt. Stria's Pontax II covers 55 square kilometres. The region, known as the Canadian Lithium Triangle, is one of only a few known sources of lithium available for hard rock mining in North America.

Stria's Pontax property is situated close to an industrial power line and a major paved highway, about 310 kilometres north of the North American rail network that leads to the industrial heartland.

As momentum builds for the green energy revolution and the shift to electric vehicles, governments in Canada and the United States are aggressively supporting the North American lithium industry, presenting the industry and its investors with a rare, if not unprecedented, opportunity for growth and prosperity well into the next decade and beyond.

Cygnus Metals is committed to fully financing and managing the current two-stage exploration and drilling program to a maximum of $10-million at Stria's Pontax property, and will also pay Stria up to $6-million in cash. In return, Cygnus may acquire an up-to-70-per-cent interest in the property.

Stria is committed to exceeding the industry's environmental, social and governance standards. A critical part of that commitment is forging meaningful, enduring and mutually beneficial relationships with the James Bay Cree Nation (Eeyouch), and engaging openly and respectfully as neighbours and collaborators in this exciting project that has the potential to create lasting jobs and prosperity for Eeyou Istchee and its people.

We seek Safe Harbor.