Mr. Dean Hanisch reports

STRIA PROVIDES UPDATE ON PROPOSED ROYALTY & CHANGE OF BUSINESS TRANSACTION

Stria Lithium Inc. has provided a brief update regarding the proposed acquisition of a net smelter return (NSR) royalty of up to 2 per cent on the advanced West Australian Mount Henry gold project pursuant to an investment agreement with Alicanto Minerals Ltd., as previously announced in the company's news release dated April 8, 2026.

Stia continues to advance the various components required under TSX Venture Exchange Policy 5.2, Changes of Business and Reverse Takeovers. Work related to the acquisition, including technical reporting, preparation of a listing statement, preparation of transaction documentation and assembly of required regulatory filings, is progressing as expected. The parties remain committed to moving the acquisition forward and will provide further updates as appropriate.

As mentioned in the company's previous news release, the acquisition will require shareholder approval under the policies of the exchange and the company anticipates receiving such approval by way of written resolution of its shareholders. Furthermore, Stria will hold an annual and special meeting of shareholders on June 9 to, notably: (i) elect the directors of the company that will hold office until the next general meeting of the company or completion of the acquisition; and (ii) approve the change of name of the company to Arc Mineral Royalties Ltd.

Completion of the acquisition remains subject to regulatory and shareholder approval, and satisfaction of all applicable exchange requirements.

Details of the acquisition, as contemplated in the investment agreement between Stria and Alicanto, may be found in the company's news release dated April 8, 2026.

We seek Safe Harbor.