Mr. Dean Hanisch reports

STRIA LITHIUM REPORTS HIGHLY ANOMALOUS TANTALUM OXIDE GRAIN COUNTS IN TILL SAMPLES SUGGESTIVE OF THE PROXIMITY OF LITHIUM BEARING PEGMATITE ON ITS RECENTLY ACQUIRED PONTAX II PROPERTY.

Stria Lithium Inc. has released the results of tantalum oxide grain counts survey over part of its recently acquired Pontax II project. Heavy mineral concentrates from 38 glacial till samples collected in 2019 for the purpose of gold grain counting were reprocessed to evaluate the abundance of tantalum oxide grains with the use of an automated scanning microscope based on a proprietary technology by IOS Services Geoscientifiques Inc.

Tantalum oxides (tantalite, columbotantalite, wodginite and micronite) are a class of mineral that almost exclusively form in lithium-bearing pegmatite (or LCT (lithium-cesium-tantalum) pegmatite), such as those currently being evaluated at the nearby Pontax Central occurrence (Stria Lithium under option by Cygnus (Avenir) Metals), as well as the James Bay lithium project (formerly Cyr Lithium by Allken Mining), the Rose project (Critical Element Lithium Corp.) or the Wabouchi mine (Nemaska Lithium). Of these samples, a total of 5,950 tantalum oxide grains were observed, for an average of 156 grains per samples. As a comparative basis, a regional survey in the same area conducted by the Ministere de l'Energie et des Ressources Naturelles du Quebec, processed using the same technology, yielded an average count of 36 grains per samples, meaning the average sample from Pontax II stands at the 97.6th percentile of the regional population. Samples from Pontax includes tantalum oxide counts up to 797 grains, the highest count ever recorded by the laboratory. The high counts samples are clustered into two distinct kilometre-scale groups, suggestive of two distinct sources. As these counts are not down ice from the Pontax lithium occurrence, originating from this occurrence is ruled out. As per comparison, somewhat smaller isolated counts from the MERNQ survey were at the origin of Li-FT Power's Pontax and Rupert projects, where the relation between tantalum dispersion and lithium sources was confirmed. Similarly, an orientation till survey conducted at Stria's Pontax lithium occurrence by Cygnus Metal highlighted a dispersion of similar size and intensity directly adjacent to the deposit of what is reported here.

Dean Hanisch, chief executive officer of Stria Lithium, said today: "These results caught us by surprise, since we basically demonstrated the potential of the property to host fertile pegmatite occurrence within months of its acquisition! If you look at the map of the overall till samples of the region in relation to our numbers and then you match that with the similar footprint at Pontax Central that was drill tested, it's really exciting. We are anxious to send a team of geologists to conduct a prospect as soon as the forest fire situation allows us. We feel very fortunate to lean on the proprietary technology developed by IOS and their years of experience in this region. This scanning electron machine is the only one of its kind in the world and is invaluable in making calculated decisions that save time and money."

About Stria Lithium Inc.

Stria Lithium is an emerging resource exploration company developing Canadian lithium reserves in the Eeyou Istchee James Bay territory of Quebec, Canada, to meet legislated demand for electric vehicles and their rechargeable lithium-ion batteries.

The technical content disclosed in the current press release was reviewed and approved by Rejean Girard, PGeo and president of IOS Services Geoscientifiques, a qualified person as defined under National Instrument 43-101.

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