Mr. Adam Davidson reports

STRIA COMPLETES CHANGE OF BUSINESS TRANSACTION, CONCURRENT OFFERING AND CHANGES NAME TO ARC MINERAL ROYALTIES LTD.

Stria Lithium Inc. has completed its previously announced private placement for gross proceeds of $12-million, and its previously announced acquisition under an investment agreement with Alicanto Minerals Ltd. (now Sinclair Gold Ltd.) (Australian Securities Exchange: SGC) for the acquisition of a net smelter return (NSR) royalty of up to 2 per cent on the advanced West Australian Mt. Henry gold project (see the company's news release dated April 8, May 29, July 22 and July 30, and Aug. 24, 2026). As previously reported, the acquisition constitutes a change of business transaction (COB) under Policy 5.2 -- Changes of Business and Reverse Takeovers of the TSX Venture Exchange.

Acquisition

As per the investment agreement, the company paid a total of $5-million (Australian) (approximately $4.8-million) and issued four million common shares to acquire a 1-per-cent net smelter returns royalty on the project. Concurrently with payment of the consideration by the company for the royalty, the parties executed a royalty deed to govern the terms and conditions of the royalty. In addition to a voluntary hold period of six months as per the investment agreement, the shares issued to Sinclair as partial consideration for the acquisition are subject to a regulatory hold period of four months and one day expiring on Jan. 2, 2026.

Under the royalty deed, the company also holds an option, exercisable at its discretion, to acquire an additional 1-per-cent net smelter return royalty for a further cash payment of $10.0-million (Australian) (approximately $9.7-million). The option must be exercised within 30 days following Sinclair's announcement of a Joint Ore Reserves Committee-compliant mineral resource of 2.0 Moz (million ounces) for the project.

The acquisition remains subject to the final approval of the exchange. Trading in the company's common shares is expected to resume on the second trading day following issuance of the exchange's final bulletin in connection with the acquisition.

For more information on the acquisition, the project, the offering (as defined below) and the company following the completion of the COB, please refer to the company's filing statement dated Aug. 20, 2026, filed on SEDAR+ under its profile.

Private placement

Prior to the completion of the acquisition, the company completed a non-brokered private placement for gross proceeds of $12-million. In connection with the offering, the company issued 16 million common shares at a price of 75 cents per share.

No cash finder's fee was paid in connection with the offering, but the company issued a total of four million non-transferable finder's fee warrants, each non-transferable warrant entitling the holder thereof to acquire one common share of the company at a price of 75 cents per share for a period of five years expiring on Aug. 27, 2031.

All securities issued under the offering are subject to a regulatory hold period of four months and one day expiring on Dec. 28, 2026. The offering remains subject to the final approval of the exchange.

Name change

In connection with the COB, the company has changed its name to Arc Mineral Royalties Ltd., subject to final acceptance of exchange. In connection with the name change, the company's trading symbol on the exchange will change to ARO. As reported above, the company's common shares will begin trading under its new name Arc Mineral Royalties and ticker on the second trading day following the issuance of the final bulletin.

Pursuant to the name change, no action will be required by existing shareholders nor will any certificates representing common shares of the company be affected or need to be exchanged. A new Cusip No. 03882B102 and ISIN CA03882B1022, has been obtained to replace the previous Cusip and ISIN numbers. The company encourages shareholders with any questions or concerns to discuss any of the foregoing with their broker or agent.

The name change has been approved by the company's board of directors and was previously approved by shareholders of the company at a meeting held on June 9, 2026 (see news release dated July 22, 2026).

Amendment to the company's incentive share plan

As disclosed in the filing statement, concurrently with the closing of the COB, the company has amended its June, 2025, equity incentive plan, which contemplated that a total number of 7,881,807 common shares were reserved for awards under the Plan. Following the closing of the COB, the plan now provides a total of 13,129,485 common shares (that is, 20 per cent of the issued and outstanding shares of the company following the COB) are reserved for awards under the plan. The company has also implemented a series of administrative and housekeeping amendments to the plan following a review by the TSX-V.

The amendments to the plan, including the number of common shares reserved under the plan, remain subject to the final approval of the exchange and will also be subject to the approval of the company's disinterested shareholders at its next annual and general meeting shareholders. For more details on the Plan and the amendments thereto, please refer to the filing statement.

RSU/option grants and issuance of inducement shares

As disclosed in the filing statement, concurrently with the closing of the COB, the company has granted of series of options to consultants of the company and has further issued restricted share units (RSU) under the plan, as amended, and issued common shares to the company's new management as permitted under Policy 4.4 of the exchange. The options, RSU and inducement shares were issued as shown in the attached table.

The awards remain subject to the final approval of the exchange. The options and the RSU will also be subject to the approval of the company's disinterested shareholders at its next annual and general meeting shareholders. All awards will be subject to the four-month exchange hold period (as defined in the policies of the exchange). Furthermore, the RSU and options will be subject to a 36-month escrow under an escrow agreement with Computershare Investor Services. For more details on the awards and the escrow of the RSU and options, please refer to the filing statement.

Board of directors and management

As disclosed in the filing statement, the company welcomes a new chief executive officer, Adam Davidson, and a new vice-president of corporate development, Tyron Rees, to manage the company's activities going forward following completion of the COB. Judith Mazvihwa-MacLean will continue acting as the company's chief financial officer and the current board of directors will remain unchanged. For more details on the company following completion of the COB, please refer to the filing statement.

About Arc Mineral Royalties Ltd.

Arc Mineral Royalties is a mining royalty and streaming company focused on establishing a portfolio of high-conviction royalty assets. Arc combines an experienced royalty management team with project development expertise to pursue both traditional royalty transactions and differentiated royalty creation opportunities. Arc's foundational transaction is the agreed acquisition of a 1-per-cent net smelter return royalty over the Mt. Henry gold project in Western Australia, with an option to acquire an additional 1-per-cent NSR (net smelter return) royalty.

We seek Safe Harbor.