StrategX Expands Nagvaak Critical Metals and Graphite Discovery with 45.6m Drill Core Interval

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company") reports a 45.6-metre drill core interval within the identified 6-kilometre mineralized corridor rich in critical metals, which shows great potential in all directions. This interval is located 4 kilometres from the initial discovery drill hole which returned 58 metres of 2.63% copper equivalent as detailed in our previous press release (click here to view). Furthermore, preliminary results have returned significant high-grade graphite >20% Cg, much higher than typically observed in other graphite deposits in North America.

EXPLORATION HIGHLIGHTS

A significant drill core interval of 45.6m returns 0.41% vanadium pentoxide, 0.26% nickel, 0.14% copper, 0.035% molybdenum, 8.3 g/t silver, 0.10 g/t gold+PGE, and 0.36% zinc.
Noteworthy assay values up to 0.59% vanadium pentoxide, 0.54% nickel, 0.31% copper, 0.054% molybdenum, 14.2 g/t silver, 0.27 g/t gold+PGE, and 3.65% zinc.
Potential economic importance of graphite discovery realized.
High-quality graphite in drill core from 15.4m to 41.0m with grades reaching up to 34.9% Cg.
Large tonnage potential exceeding >100Mt in both critical metals and graphite.

Nagvaak Critical Metals + Graphite Discovery

Critical Metals
StrategX continued the program of sampling the historical diamond drill core completed by BHP. The recently sampled drill hole DDH#17 is located 4 kilometres east of the first drill core results from DDH#14 (see Figure 1), which returned 58 metres of 2.63% copper equivalent. DDH#17 returned 45.6 metres of 0.41% V₂O₅, 0.26% Ni, 0.14% Cu, 0.035% Mo, 8.3 g/t Ag, 0.10 g/t Au+PGE, and 0.36% Zn (See Figure 2). These positive drill core results occur below highly anomalous surface rock samples taken from mineralized gossans (see Photo 1) and correlate well with the geophysical anomalies highlighted in Figure 1.

Figure 1 - Nagvaak Target Map showing location of DDH#17

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8512/202551_strategximg1.jpg

Figure 2 - Critical Metals & Graphite Grade Profiles for DDH#17

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8512/202551_strategximg2.jpg

Photo 1 - Mineralized gossan looking westward near DDH#17 toward historical drilling DDH #1 & 2, and further west DDH #14

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8512/202551_4661dacf14cac9bd_007full.jpg

Nagvaak Graphite
The preliminary graphite results returned impressive grades up to 34.9% Cg with a significant portion of samples grading over 20% Cg. The results are some of the highest grades reported in North America and rank high with the world's graphite deposits and mines (see Figure 3).

Source: World's richest graphite ore deposits. Deposits ranked by mean carbon content (wt. %), collated from publicly available technical reports for exploration projects. Parnell J, Brolly C, and Boyce AJ. Graphite from Paleoproterozoic enhanced carbon burial, and its metallogenic legacy. Geological Magazine https://doi.org/10.1017/S0016756821000583

Figure 3 - World's richest graphite ore deposits. Deposits ranked by % Carbon content.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8512/202551_4661dacf14cac9bd_008full.jpg

Furthermore, the characteristics of the recently analyzed graphite in the core are comparable to the results previously announced in a press release (click here to view). Below are photos of the core in DDH#17 and the link to the table of assay results (click here to view).

Photo A: graphitic schist with 20% Cg and Mo, Ni, Zn and Ag mineralization from 22-23m.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8512/202551_4661dacf14cac9bd_009full.jpg

Photo B: up to 300-micron graphite flakes observed in thin sections from 27-28m. 2,380 ppm Ni, 283 ppm Mo, and 1,915 ppm Cu.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8512/202551_4661dacf14cac9bd_010full.jpg

Photo C: 34.9% graphitic carbon in the sample from 36 to 37m - brecciated graphitic schist.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8512/202551_4661dacf14cac9bd_011full.jpg

Qualified Person
The geological and technical data contained in this press release was reviewed and approved by Gary Wong, P. Eng., a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Sampling & QA/QC
All core samples were of historically sawn half-core and no verification of the original sawing and sampling techniques, or core recovery calculations was possible. Samples taken were of pre-existing half-core and submitted to ALS Geochemistry for analysis. Samples were crushed entirely to 70% passing - 2mm, 250g split off and pulverized to better than 85% passing 75 microns. Multi-Element Ultra Trace uses a four-acid digestion performed on a 0.25g sample to quantitatively dissolve most geological materials culminating in analytical analysis performed with a combination of ICP-AES and ICP-MS (method ME-MS61). From there, either PGM-ICP23 or Au-ICP21 was used, depending on whether platinum group metals were suspected. Both methods use a 30g lead fire assay with ICP-AES finish. Graphitic C is determined by digesting a sample in 50% HCl to evolve carbonate as CO2. The residue is filtered, washed, dried, and then roasted at 425C. The roasted residue is analyzed for carbon by oxidation, induction furnace and infrared spectroscopy. No field QA/QC samples (blanks, duplicates, and standards) were inserted because appropriate QA/QC samples are still being sourced.

About StrategX
StrategX is a Canadian-based exploration company focused on discovering critical metals in northern Canada. With five strategic projects situated on the East Arm of the Great Slave Lake, Northwest Territories and the Melville Peninsula, Nunavut, we're leading discovery in untapped regions. This first-mover advantage in underexplored regions presents a unique opportunity for investors to be part of multiple discoveries and the development of new districts for critical metals essential for the global green energy shift. For updates and the latest insights, explore our Investor Portal.

On Behalf of the Board of Directors

Darren G. Bahrey
CEO, President & Director

For further information, please contact:

StrategX Elements Corp.
info@strategXcorp.com
Phone: 778.231.2767

For further information about the Company, please visit our website at www.strategXcorp.com

Neither the Canadian Securities Exchange nor its regulation services accept responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information

All statements included in this press release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections, and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events.

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StrategX Announces Executive Change

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company") announces that Gary Wong has stepped down from his role as the Company's Vice President of Exploration. While Gary is transitioning from this position, he will continue to contribute to other capacities, bringing his expertise and leadership to key projects. The Board would like to thank Gary for his efforts and contributions over the past two years.

About StrategX
StrategX is an exploration company focused on discovering critical metals in northern Canada. With projects on the East Arm of the Great Slave Lake (Northwest Territories) and the Melville Peninsula (Nunavut), the Company is pioneering new district-scale discoveries in these underexplored regions. By integrating historical data with modern exploration techniques, StrategX provides investors with a unique opportunity to participate in discovering essential metals crucial to electrification, global green energy, and supply chain security.

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StrategX Discovers Extensive High-Grade Graphite at Nagvaak and Expands Mineral Claims to 79,781 Hectares on the Melville Peninsula, Nunavut, Canada

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company") is pleased to announce the discovery of a wide zone of high-grade graphite mineralization at its Nagvaak property on the Melville Peninsula, Nunavut. A 32-metre drill core interval from historical drill hole NAG96-17 returned an average grade of 15% graphitic carbon (Cg), with a 17-metre section grading 22% Cg. These results reinforce the potential for a significant graphite deposit within the emerging Melville Critical Metals Belt.

Building on this success, StrategX has expanded its mineral claim property position to 79,781 hectares, securing control over a highly prospective critical minerals district. The Company is advancing exploration efforts in the region, positioning itself at the forefront of critical mineral discoveries in Canada.

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StrategX Discovers High-Grade Copper at East Arm, Great Slave Lake, Northwest Territories, Canada

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company") is pleased to announce the discovery of high-grade copper mineralization at its East Arm Copper Project ("East Arm"). Recent surface sampling has returned copper values ranging from 1% to 10%, underscoring significant exploration potential within a 2-km corridor of sedimentary-hosted mineralization accessible from the Great Slave Lake. Encouraged by these results, the Company has expanded its property position by staking an additional 6,425 hectares in the area.

StrategX's copper targets at East Arm are situated along a major continental-scale craton margin, hosted in Paleoproterozoic sediments, and occur on trend with the Pine Point Zinc mine, currently being developed by Osisko Metals. For further details, refer to Figures 1-4.

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StrategX Elements Corp. Announces Board Changes and Appointment of Strategic Advisors

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company") is pleased to announce Marcio Fonseca has been appointed to the Board of Directors of the Company as an independent director and the new Chair of the Company's Audit Committee effective immediately.

Darren Bahrey, President and CEO, stated, "On behalf of the Company we are excited to have Mr. Fonseca join the Board. His appointment further enhances our board by adding business development, capital markets, and track records in the discovery and development of successful mining projects worldwide. We look forward to working closely with him on continuing the responsible growth of the Company with his knowledgeable guidance on delineating potential Tier 1 discoveries and the development of critical mineral deposits in northern Canada. With the addition of Marcio, our team and board have extensive experience working in all phases of exploration, project development and operations, including transactions in the capital markets."

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International Lithium Announces Private Placement

International Lithium Corp. (TSXV: ILC,OTC:ILHMF) (OTCQB: ILHMF) (FSE: IAH) (the "Company" or "ILC") is pleased to announce a non-brokered private placement (the "Offering") of up to 66,666,667 common shares at CAD $0.015 per share to raise gross proceeds of up to $1,000,000. The Company may pay finders fees on a portion of the placement.

Proceeds of the private placement will be used partly to allow the Company to invest in growing its Southern African and Canadian operations and partly for general working capital purposes. Payments to persons conducting Investor Relations activities are expected not to exceed 10% of the proceeds.

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Strong drilling targets identified next to high-grade gold-copper mine

HIGHLIGHTS:

Cygnus has identified numerous drilling targets near the historic high-grade Cedar Bay mine, which produced 400Koz Au and 61Kt Cu at an average of 4% CuEq, ² within the Chibougamau Project
Targets identified through ongoing review of historical data and drill logs using Cygnus' innovative custom-built AI solution
This highly successful approach has already delivered significant gold and copper results at Golden Eye, which will be included in the imminent resource update
Cedar Bay closed in 1990 when the price of copper was just US$1,150/t (US$0.52/lb) and gold was US$380/oz, and is located less than 3km from Cygnus' central processing plant
Cygnus aims to significantly increase the remaining unmined high-grade resource at Cedar Bay, which currently stands at 130kt at 8.9% CuEq Indicated and 230kt at 8.5% CuEq Inferred ¹
Mineralisation is open in numerous directions, with high-grade intersections outside of the current resource, including: ³
- 3.4m @ 16.8% CuEq (4.8% Cu, 15.2g/t Au & 23.3g/t Ag) (CB-27-9)
- 2.9m @ 9.6% CuEq (8.4% Cu, 1.0g/t Au & 43.0g/t Ag) (CB-27-6)
At Corner Bay, final infill results have been received and will feed into next month's resource update; These include:
- 3.5m @ 4.9% CuEq (4.2% Cu, 0.5g/t Au & 27.3g/t Ag) (CB-25-123)
- 1.8m @ 7.7% CuEq (6.3% Cu, 0.9g/t Au & 45.9g/t Ag) (CB-25-125)

Cygnus Executive Chairman David Southam said : "These latest targets, supported by historical drilling data, are located right next to a high-grade mine, making them compelling.

"Given their potential to help drive resource growth, we are mobilising another rig with the aim of drilling the targets ASAP.

"In the meantime, we are feeding the final results from Corner Bay into our updated resource model, which is set to be released next month. The resource update, combined with a pipeline of targets and multiple rigs turning, ensures we are maximising our ability to create significant shareholder value.

"Uncovering these new growth targets through our compilation strategy adds further weight to the work we are doing in the background which has already delivered success at Golden Eye in a mere six months of taking ownership. The Chibougamau camp has successfully produced a significant amount of high-grade gold and copper over a long history with multiple mines that have not been geologically or economically examined in over 35 years".

Cygnus Metals Limited (ASX: CY5; TSXV: CYG; OTCQB: CYGGF) ("Cygnus" or the "Company") is pleased to announce new promising targets next to an historic high-grade mine within its Chibougamau Copper-Gold Project in Quebec.

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Vertex Minerals Limited Underground Production Commences at the Reward Gold Mine Project

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX,OTC:VTXXF) (OTCMKTS:VTXXF) commences underground production at the Reward Gold Mine, moving to high grade gold production.

Operational Milestones

- First blasting of gold producing ore on the Lady Belmore Reef was undertaken over the weekend.

- The material will start complementing the low-grade gold stockpile feed to the Gravity Processing Plant, until all mining fronts are enabled.

- In forthcoming weeks, VTX remains firmly on track to commence processing of high-grade stope ore from the underground mine.

- The Reward Underground 11kva to 1000v Transformer Substation is installed and powered up. Cabling to the Primary Fan is completed.

- Access Drives to the two Starter Stopes are being cleaned, ready for the Production Rig to commence drilling the High-Grade Stopes.

- Decline 3 developed on the Mica Vein is fully dewatered, ready to be flatback mined for providing further gold feed to the Gravity Plant.

- Vertex aims to have developed at least 4 mining fronts and maintain continuous feed to the plant, which will involve various mining methods.

- Mining the Reward Gold Mine - Resource 225kozs at 16.7g/t

As previously announced, the startup mine schedule includes mining 2,075 tonnes at 17.8 g/t Au from a developed airleg stope block. The planned stope width is the same as the interpretation of the mineralisation. Refer to VTX ASX announcement 4th June 2025

Given the stope will take some time to extract, additionally, the Vertex Geology and Mining Team have brought forward a very high-grade long hole stope to commence mining in August 2025. The high-grade long hole stope isto be mined with a long hole stope method, using the Epiroc Production Rig.

*To view photographs, please visit:
https://abnnewswire.net/lnk/2U10401V

About Vertex Minerals Limited:

Vertex Minerals Limited (ASX:VTX,OTC:VTXXF) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.

Source:
Vertex Minerals Limited

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Prismo Metals Announces Closing of Oversubscribed Private Placement

(TheNewswire)

Vancouver, British Columbia, August 8th, 2025 TheNewswire Prismo Metals Inc. (" Prismo " or the " Company ") (CSE: PRIZ,OTC:PMOMF) (OTCQB: PMOMF) is pleased to announce that further to its news releases dated July 3, 2025, July 18, 2025 and July 31, 2025, the Company has proceeded with an upsized closing of its previously announced non-brokered private placement (the "Private Placement" ) of units of the Company (" Units ") at an issue price of $0.06 per Unit (the " Third Closing "). The closing was increased from 6,000,000 Units to the issuance of 6,425,000 Units for gross proceeds of $385,500.

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Table 1 - NAG96-17 Assay results * Indicates newly analyzed values. All other values have been previously released.
Sample #	From	To	C Graphitic	Mo	Zn	Ag	Ni	Cu	Au + PGE	V2O5
Sample #	From	To	%	%	%	g/t	%	%	g/t	%
NC-245*	2.4	3.4	28.00	0.04	0.10	9.12	0.13	0.19	0.25	0.34
NC-246*	3.4	4.4	28.20	0.04	0.28	6.79	0.17	0.09	0.05	0.33
NC-247*	4.4	5.4	8.89	0.04	0.09	9.68	0.14	0.15	0.07	0.53
NC-248*	5.4	6.4	7.01	0.04	0.03	9.66	0.13	0.16	0.06	0.55
NC-249*	6.4	7.4	12.60	0.03	0.06	6.46	0.27	0.16	0.21	0.41
NC-249B*	7.4	8.4	2.03	0.04	0.08	14.20	0.20	0.29	0.07	0.44
NC-250*	8.4	9.4	0.10	0.01	0.14	8.28	0.26	0.15	0.10	0.32
NC-251*	9.4	10.4	0.09	0.01	0.13	4.38	0.15	0.07	0.13	0.14
NC-252*	10.4	11.4	0.02	0.00	0.02	10.60	0.21	0.19	0.10	0.21
NC-253*	11.4	12.4	0.06	0.03	0.03	5.32	0.10	0.10	0.05	0.27
NC-254*	12.4	13.4	0.05	0.02	0.02	1.90	0.03	0.02	0.02	0.18
NC-255*	13.4	14.4	0.12	0.00	0.06	2.86	0.06	0.04	0.04	0.18
NC-256*	14.4	15.4	2.51	0.03	0.05	3.62	0.08	0.06	0.03	0.29
NC-257	15.4	16.4	11.85	0.05	0.04	4.92	0.14	0.11	0.05	0.26
NC-258	16.4	17.4	10.15	0.02	0.08	5.23	0.39	0.10	0.05	0.29
NC-259	17.4	18.4	31.00	0.04	0.64	8.28	0.21	0.11	0.05	0.42
NC-260	18.4	19.4	14.95	0.03	0.61	7.97	0.29	0.14	0.19	0.47
NC-261	19.4	20.4	23.90	0.04	3.55	6.33	0.25	0.12	0.07	0.30
NC-262	20.4	21.4	25.30	0.04	0.64	7.20	0.12	0.10	0.06	0.42
NC-263	21.4	22.4	20.10	0.03	0.30	7.46	0.30	0.08	0.07	0.41
NC-264	22.4	23.4	23.60	0.04	0.87	7.30	0.19	0.08	0.07	0.35
NC-265	23.4	24.4	25.20	0.02	2.42	9.51	0.21	0.16	0.18	0.36
NC-266*	24.4	25.4	26.90	0.03	0.60	7.59	0.19	0.07	0.07	0.34
NC-267*	25.4	26.4	22.90	0.03	0.07	10.80	0.11	0.23	0.03	0.41
NC-268*	26.4	27.4	23.00	0.02	0.80	6.98	0.24	0.13	0.10	0.41
NC-269*	27.4	28.4	25.50	0.03	0.02	9.45	0.24	0.19	0.11	0.33
NC-270	28.4	29.4	na	0.04	0.08	12.90	0.24	0.31	0.11	0.38
NC-271	29.4	30.4	22.80	0.04	0.13	8.75	0.33	0.18	0.14	0.43
NC-272	31.4	32.4	18.10	0.05	0.09	6.80	0.24	0.12	0.11	0.48
NC-273	32.4	33.4	15.05	0.05	0.17	7.52	0.19	0.14	0.07	0.50
NC-274	33.4	34.4	25.30	0.04	1.11	12.10	0.24	0.23	0.14	0.44
NC-275	34.4	35.1	29.60	0.04	1.01	10.15	0.26	0.08	0.09	0.44
NO SAMPLE	35.1	36.0	na	na	na	na	na	na	na	na
NC-276	36.0	37.0	34.90	0.04	0.65	9.19	0.29	0.08	0.12	0.30
NC-277	37.0	38.0	18.25	0.04	2.02	12.65	0.31	0.22	0.16	0.44
NC-278	38.0	39.0	11.15	0.04	0.46	13.65	0.36	0.22	0.08	0.40
NC-279	39.0	40.0	10.90	0.03	3.65	14.20	0.54	0.24	0.27	0.36
NC-280	40.0	41.0	11.15	0.03	2.46	12.70	0.40	0.18	0.16	0.32
NC-281*	41.0	42.0	9.36	0.03	0.88	7.73	0.31	0.17	0.11	0.49
NC-282*	42.0	43.0	4.26	0.04	0.52	5.13	0.27	0.11	0.08	0.58
NC-283*	43.0	44.0	1.72	0.04	0.13	5.56	0.14	0.08	0.06	0.60
NC-284*	44.0	45.0	5.78	0.05	0.47	7.43	0.49	0.15	0.12	0.51
NC-285*	45.0	46.0	3.14	0.04	1.06	7.44	0.49	0.14	0.08	0.48
NC-286*	46.0	47.0	2.21	0.03	0.57	6.30	0.37	0.11	0.10	0.49
NC-287*	47.0	48.0	0.20	0.02	0.13	3.96	0.09	0.06	0.06	0.51
NC-288*	48.0	49.0	0.10	0.04	0.16	2.79	0.08	0.05	0.08	0.45
NO SAMPLE	49.0	54.8	na	na	na	Na	na	na	na	na
NC-289*	54.8	55.8	2.80	0.01	0.07	0.78	0.06	0.03	0.03	0.15
NC-290*	55.8	56.8	1.36	0.01	0.03	0.54	0.03	0.02	0.02	0.08
NC-291*	56.8	57.8	2.19	0.01	0.11	0.56	0.04	0.03	0.01	0.06
NC-292*	57.8	58.8	2.51	0.02	0.40	1.12	0.09	0.06	0.06	0.26
NC-293*	58.8	59.8	23.80	0.04	0.49	1.40	0.29	0.10	0.10	0.43
NC-294*	59.8	60.8	26.20	0.04	1.01	1.08	0.28	0.05	0.06	0.37
NC-295*	60.8	61.8	18.90	0.05	1.17	1.87	0.19	0.14	0.11	0.49
NC-296*	61.8	62.8	23.20	0.02	0.05	2.65	0.37	0.17	0.09	0.35
NC-297*	62.8	63.8	2.19	0.00	0.01	0.17	0.01	0.01	0.00	0.03
NC-298*	63.8	64.4	0.60	0.00	0.01	0.11	0.01	0.00	0.00	0.01

Table 1 - StrategX Assay Results (2024)
Northing	Easting	Silver (Ag) ppm	Copper (Cu) ppm	Copper (Cu) %
488362	6903463	24.9	>10000	1.28
488374	6903459	54.5	>10000	5.11
488415	6903479	7.0	>10000	6.05
488440	6903303	0.7	336	0.03
488395	6903282	1.9	267	0.03
488384	6903272	1.4	661	0.06
488376	6903258	2.8	1320	0.13
488432	6903261	1.1	52.5	0.01
488444	6903278	0.6	249	0.03
488483	6903343	10.0	>10000	2.65
488559	6903391	42.6	>10000	10.10
488585	6903403	33.2	>10000	2.91

Name	Metal	Location	Stage	Area in Hectares	Current Ownership Percentage	Future Ownership % if options exercised and/or residual interest	Operator or JV Partner
Raleigh Lake	Lithium Rubidium	Ontario	Dec 2023 : PEA for Li completed Apr 2023 Maiden Resource Estimates for Li and Rb	32,900	100%	100%	ILC
Firesteel	Copper Cobalt	Ontario	Aeromagnetics and Drilling started mid 2024	6,600	90%	90%	ILC
Wolf Ridge	Lithium	Ontario	Pre-Drilling	5,700	0%	100%	ILC
Mavis Lake	Lithium	Ontario	May 2023 Maiden Resource Estimate	2,600	0%	0% (carries an extra earn-in payment of AUD$ 0.75 million if resource targets met)	Critical Resources Ltd
Avalonia	Lithium	Ireland	Drilling	29,200	0%	0% 2.0% Net Smelter Royalty	GFL Intl Co Ltd (owned by Ganfeng Lithium Group Co.Ltd)
Forgan/ Lucky Lakes	Lithium	Ontario	Drilling		0%	0% 1.5% Net Smelter Royalty	Power Minerals Ltd

This announcement has been authorised for release by the Board of Directors of Cygnus.

David Southam	Ernest Mast	Media:
Executive Chair	President & Managing Director	Paul Armstrong
T: +61 8 6118 1627	T: +1 647 921 0501	Read Corporate
E: info@cygnusmetals.com	E: info@cygnusmetals.com	T: +61 8 9388 1474

HOLEID	X	Y	Z	Azi	Dip	Depth	From (m)	To (m)	Interval (m)	Cu (%)	Au (g/t)	Ag (g/t)	CuEq (%)
CB-25-123	554619	5510023	394.0	96.5	-60	574.0	559.0	560.8	1.8	6.3	0.9	45.9	7.4
CB-25-124	554619	5510023	394.0	92.0	-66	679.0	667.1	669.8	2.6	1.5	0.1	6.8	1.6
CB-25-125	554619	5510023	394.0	84.0	-64	643.5	594.0	598.5	4.5	3.4	0.4	22.1	3.9
CB-25-127	555071	5509889	402.8	90.0	-60	300.0	267.1	269.4	2.3	2.7	0.5	10.4	3.2

StrategX Expands Nagvaak Critical Metals and Graphite Discovery with 45.6m Drill Core Interval

StrategX Announces Executive Change

StrategX Discovers Extensive High-Grade Graphite at Nagvaak and Expands Mineral Claims to 79,781 Hectares on the Melville Peninsula, Nunavut, Canada

StrategX Discovers High-Grade Copper at East Arm, Great Slave Lake, Northwest Territories, Canada

StrategX Provides Update on Critical Metals Exploration Activities at the Nagvaak Project, Nunavut, Canada

StrategX Elements Corp. Announces Board Changes and Appointment of Strategic Advisors

Financing Update and AGM Date

International Lithium Announces Private Placement

Nuvau Launches Follow up Drilling to Bracemac Footwall Gold Discovery in Matagami

Strong drilling targets identified next to high-grade gold-copper mine

Vertex Minerals Limited Underground Production Commences at the Reward Gold Mine Project

Prismo Metals Announces Closing of Oversubscribed Private Placement

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TOP STOCKS

Deposit	Category	Tonnes (k)	Cu Grade (%)	Au Grade (g/t)	Cu Metal (kt)	Au Metal (koz)	CuEq Grade (%)
Corner Bay (2022)	Indicated	2,700	2.7	0.3	71	22	2.9
Corner Bay (2022)	Inferred	5,900	3.4	0.3	201	51	3.6
Devlin (2022)	Measured	120	2.7	0.3	3	1	2.9
	Indicated	660	2.1	0.2	14	4	2.3
	Measured & Indicated	780	2.2	0.2	17	5	2.4
	Inferred	480	1.8	0.2	9	3	2.0
Joe Mann (2022)	Inferred	610	0.2	6.8	1	133	5.5
Cedar Bay (2018)	Indicated	130	1.6	9.4	2	39	8.9
Cedar Bay (2018)	Inferred	230	2.1	8.3	5	61	8.5
Total	Measured & Indicated	3,600	2.5	0.6	90	66	3.0
Total	Inferred	7,200	3.0	1.1	216	248	3.8

Criteria	JORC Code explanation	Commentary
Sampling techniques	Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.	All drilling conducted by Cygnus Metals at the Chibougamau Project was completed under the supervision of a registered professional geologist as a Qualified Person (QP) who is responsible and accountable for the planning, execution, and supervision of all exploration activity as well as the implementation of quality assurance programs and reporting. All Cygnus drilling reported is NQ size (47.8 mm diameter).
	Include reference to measures taken to ensure sample representativity and the appropriate calibration of any measurement tools or systems used.	All sample collection, core logging, and specific gravity determinations were completed by Cygnus Metals under the supervision of a professionally qualified registered geologist. NQ core was marked for splitting during logging and is sawn using a diamond core saw with a mounted jig to assure the core is cut lengthwise into equal halves. Half of the cut core is placed in clean individual plastic bags with the appropriate sample tag. QA/QC is done in-house by Cygnus Metals geologists with oversight from the Senior Geologist. The check samples (blanks and standards – 4% of total samples with another 2% of core duplicates taken on half split core) that were inserted into the sample batches are verified against their certified values and are deemed a pass if they are within 3 standard deviations of the certified value. The duplicates are evaluated against each other to determine mineralization distribution (nugget). If there are large discrepancies in the check samples, then the entire batch is requested to be re-assayed. The samples are then placed in bags for shipment to the offsite laboratory's facility. The remaining half of the core is retained and incorporated into Cygnus's secure, core library located on the property.
	Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard' work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.	Industry standard sampling practices were used with sample lengths ranging from 0.3 m to 1.0 m and respected geological contacts. Sample tags were placed at the beginning of each sample interval and the tag numbers were recorded in a centralised database. Sampling practice is considered to be appropriate to the geology and style of mineralisation.
Drilling techniques	Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc).	Diamond core was drilled using surface diamond rigs with industry recognised contractors Miikan Drilling. Miikan is a joint venture between Chibougamau Diamond Drilling Ltd., the First Nations community of Ouje-Bougoumou and the First Nations community of Mistissini both located in the Eeyou Istchee territory. Drilling was conducted using NQ core size. Directional surveys have been taken at 50m intervals.
Drill sample recovery	Method of recording and assessing core and chip sample recoveries and results assessed. Measures taken to maximise sample recovery and ensure representative nature of the samples. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.	Diamond core recovery was measured for each run and calculated as a percentage of the drilled interval. Overall, the core recoveries are excellent in the Chibougamau area. As a result, no bias exists.
Logging	Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.	All core was geologically and geotechnically logged. Lithology, veining, alteration and mineralisation are recorded in multiple tables of the drillhole database.
	Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.	Geological logging of core is qualitative and descriptive in nature.
	The total length and percentage of the relevant intersections logged.	100% of the core has been logged.
Sub- sampling techniques and sample preparation	If core, whether cut or sawn and whether quarter, half or all core taken. If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. For all sample types, the nature, quality and appropriateness of the sample preparation technique. Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling. Whether sample sizes are appropriate to the grain size of the material being sampled.	The NQ diameter the core was sawn in half following a sample cutting line determined by geologists during logging and submitted for analysis on nominal 1m intervals or defined by geological boundaries determined by the logging geologist. Each core sample is assigned a tag with a unique identifying number. Sample lengths are typically one metre but can be depending on zone mineralogy and boundaries. This sampling technique is industry standard and deemed appropriate. Sample sizes are considered appropriate to grain size of the materials being sampled.
Quality of assay data and laboratory tests	The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.	Sample (NQ size half core) preparation and fire assay analysis were done at Bureau Veritas Commodities Canada Ltd ("BV") in Timmins, Ontario, and ICP-ES multi-elements analysis was done at BV in Vancouver, B.C. Samples were weighed, dried, crushed to 70% passing 2 mm, split to 250 g, and pulverized to 85% passing 75 µm. Samples are fire assayed for gold (Au) (50 g) and multi-acid digestion ICP-ES finish, for 23 elements (including key elements Ag, Cu, Mo). Samples with visible gold or likely to have gold grains are analysed with metallic screen fire assay. Samples assaying >10.0 g/t Au are re-analysed with a gravimetric finish using a 50 g charge. Samples assaying >10% Cu are re-analysed with a sodium peroxide fusion with ICP-ES analysis using a 0.25 g charge.
	For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.	None used.
	Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.	At Bureau Veritas, laboratory QC procedures involve the use of internal certified reference material as assay standards, along with blanks, duplicates and replicates.
Verification of sampling and assaying	The verification of significant intersections by either independent or alternative company personnel.	Verification of sampling was made by Cygnus Metals and other professional consultant geologists.
	The use of twinned holes.	No hole is twinned.
	Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.	All logging data was completed, core marked up, logging and sampling data was entered directly into the database. The logged data is stored on the site server directly.
	Discuss any adjustment to assay data.	There was no adjustment to the assay data.
Location of data points	Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.	The location of the drill holes and the aiming points for the orientation of the drill holes were indicated on the ground using identified stakes. The stakes marking the location of the drillholes were set up and located with a Garmin GPS model "GPSmap 62s" (4m accuracy). Surveys are collected using a Reflex EZ-Shot® single-shot electronic instrument with readings collected at intervals of approximately every 30 m downhole plus a reading at the bottom of the hole.
	Specification of the grid system used.	The grid system used is UTM NAD83 (Zone 18).
	Quality and adequacy of topographic control.	A Digital Terrane Model (DTM) has been used to accurately plot the vertical position of the holes, which is considered to provide an adequate level of topographic control.
Data spacing and distribution	Data spacing for reporting of Exploration Results.	The drill spacing for recent drilling is considered appropriate for this type of exploration.
	Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.	No resource estimation is made.
	Whether sample compositing has been applied.	No sample compositing has been applied.
Orientation of data in relation to geological structure	Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.	Recent drilling is orientated approximately at right angles to the currently interpreted strike of the known interpreted mineralisation.
Orientation of data in relation to geological structure	If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.	No bias is considered to have been introduced by the existing sampling orientation.
Sample security	The measures taken to ensure sample security.	Core was placed in wooden core boxes close to the drill rig by the drilling contractor. The core was collected daily by the drilling contractor and delivered to the secure core logging facility. Access to the core logging facility is limited to Cygnus employees or designates.
Audits or reviews	The results of any audits or reviews of sampling techniques and data.	No audits or reviews of sampling techniques or data have been undertaken, therefore information on audits or reviews is not yet available.