Mr. Dean Hanisch reports

STRIA LITHIUM INC. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UP TO $1,000,000

Stria Lithium Inc. intends to complete a non-brokered private placement for gross proceeds of up to $1-million, subject to acceptance by the TSX Venture Exchange.

The company proposes to issue up to 2,380,952 units at a price of 42 cents per unit for aggregate gross proceeds of up to $1-million.

Each unit will consist of:

• One common share in the capital of the company;
• One full common share purchase warrant.

Each warrant will entitle the holder to purchase one additional common share at an exercise price of 52 cents per share for a period of three years from the date of issuance.

The proceeds of the financing will be used for advancement of the company's mineral exploration assets and operations, potential future acquisitions, and general working capital purposes.

Certain insiders of the company may participate in the financing. Such participation will constitute a related party transaction within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company expects that any insider participation will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 pursuant to sections 5.5(a) and 5.7(1)(a) thereof, as neither the fair market value of the securities issued to insiders nor the consideration paid by insiders is expected to exceed 25 per cent of the company's market capitalization.

Finders' fees may be paid in connection with the financing in accordance with the policies of the TSX-V.

All securities issued pursuant to the financing will be subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws and TSX-V policies.

Completion of the financing remains subject to acceptance by the TSX-V.

About Stria Lithium Inc.

Stria Lithium (TSX-V: SRA) is an emerging resource exploration company developing Canadian lithium reserves to meet legislated demand for electric vehicles and their rechargeable lithium-ion batteries. The company is committed to growth through responsible and efficient exploration and development of its mining assets.

Stria's Central Pontax lithium project covers 36 square kilometres, including eight km of strike along the prospective Chambois greenstone belt. 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 Central project joint venture with Cygnus Metals now has a maiden Joint Ore Reserves Committee-compliant inferred mineral resource estimate of 10.1 Mt (million tonnes) at 1.04 per cent Li2O based on the central area of the known mineralization.

This JORC estimate establishes Pontax Central as a significant occurrence in the emerging James Bay lithium region. Cygnus Metals, being an Australian Securities Exchange issuer, adhered to Australian JORC Code 2012 guidelines, meaning that such mineral resource estimate is not necessarily compliant with CIM (Canadian Institute of Mining) and National Instrument 43-101 standards and the company is not considering them as such at this time.

Cygnus Metals is committed to fully funding 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 up to a 70-per-cent interest in the property. Cygnus has fulfilled its stage 1 requirements within the agreement and has now earned its 51-per-cent interest in the property.

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 opportunity for growth and prosperity well into the next decade and beyond.

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 local communities and stakeholders, and engaging openly and respectfully as neighbours and collaborators in this project that has the potential to create lasting jobs and prosperity.

The scientific and technical content disclosed herein was reviewed and approved by Rejean Girard, PGeo, and president of IOS Services Geoscientifiques Inc., a qualified person as defined under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

We seek Safe Harbor.