StrategX Increases the Size of the Nagvaak Critical Metals Discovery on the Melville Peninsula in Northern Canada

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company") is pleased to announce a considerable advancement reporting additional positive assay results for surface rock samples and drill core from its 100%-owned (2,665-hectare) Nagvaak property. This confirms the discovery of additional zones of critical metals on surface and at depth. These results expand the length of the mineralized corridor to over 6 kilometres and correlate well with previously interpreted geophysical anomalies. The exploration team is focused on prioritizing drill targets and preparing a first phase of drilling to potentially define a large polymetallic deposit in nickel, copper, vanadium, molybdenum, zinc, and precious metals at Nagvaak.

Exploration Highlights

New assay results confirm continuity of mineralized zones containing critical metals in a corridor with dimensions ~ 6km by 500m, which is open in all directions.
Highly anomalous polymetallic results in 33 out of 45 surface rock samples including notably high values of copper, nickel, molybdenum, vanadium, and zinc.
Drill core returned anomalous polymetallic values in multiple intervals near surface in hole 3 and deeper in hole 7, confirming mineralization continues at depth.
The mineralization observed is similar to that previously reported in drill hole 14 located 2.3km west, where 58 metres of 2.63% copper-equivalent was intersected [Link here].
Detailed studies of drill core including graphitic carbon assay results and petrography characterizing the mineralogy are pending. The Company believes this analysis will aid in developing the geological narrative at Nagvaak and the associated regional belt holding a large mineral system in critical metals.

Prospecting Program

Surface sampling in conjunction with diamond drill core logging and sampling support the continuity along strike length and at depth of the previously defined Nagvaak mineralized zones. Figure 1 shows the location of the new rock grab sample assay results. Highly anomalous rock samples are consistently found in gossanous graphitic schist outcrop, which coincide with geophysical conductivity and magnetic anomalies. These results will assist in prioritizing drill targets. Detailed sample assay results from 45 surface rock samples are displayed in Table 2 below. Notable statistics from this program include the following:

Silver (Ag) - 10 samples > 10 g/t, up to 44.5 g/t
Copper (Cu) - 17 samples > 0.2% including 9 > 0.3%, up to 1.09%
Molybdenum (Mo) - 34 samples > 0.025%, including 10 > 0.05%, up to 0.194%
Nickel (Ni) - 13 samples > 0.25%, up to 0.46%
Vanadium (V) - 27 samples > 0.2%, including 11 > 0.3%, up to 0.498%
Zinc (Zn) - 8 samples > 0.5%, up to 13.05%

Figure 1. Surface mineralized rock sample anomalies at Nagvaak Project.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8512/198862_eec11f8264892a99_001full.jpg

Drill Core Sampling Program

In addition to the previously released holes 1 and 2 on this section, hole 3 up-dip and hole 7 down-dip of the projected mineralized zone were sampled. Figure 2 displays the results of the six additional zones of the observed mineralized core.

Drill holes 1, 2, 3 and 7 were drilled on the same section across the width of the zone, at about 40m spacing. Assay results from holes 3 and 7 suggest that the metalliferous zones observed in holes 1 and 2 delineate a zone of 150m minimum in width, rather than being confined to a narrow corridor. Projection of this 150m width to the existing surface exposures of similarly mineralized zones has been traced to over 5000m along the trend indicating significant tonnage potential. Assay results from core samples show impressive values for multiple critical metals: up to 1% copper, 1% nickel, 1% vanadium pentoxide, 0.19% molybdenum, 5% zinc, 44 g/t silver and 1 g/t gold plus platinum group elements and can be found throughout the property. These high assay values occur as high-grade single commodity zones as well as polymetallic zones.

The results obtained to date from the historical drill holes are contributing to prioritizing drill targets knowing the Nagvaak mineral system is very large. Petrographic and graphite analyses are still pending and will contribute to this evaluation. Target Areas 1, 4 and 7 have the potential to host a very large tonnage critical metals deposit close to the surface, with grades greater than 1% nickel-equivalent or 2% copper equivalent and including high-grade vanadium pentoxide greater than 0.5%.

Figure 2. Section 8425E looking west- showing added mineralized intervals in drill holes 3 and 7.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8512/198862_eec11f8264892a99_002full.jpg

Table 1: Drill core results - Mineralized Intervals

Interval	Drill Hole #	From (m)	To (m)	Width (m)	Au+PGE (g/t)	Ag (g/t)	Cu (%)	Mo (%)	Ni (%)	V (%)	V2O5 (%) **	Zn (%)
3a	NAG96-03	12.00	18.00	6.00	0.11	6.76	0.11	0.04	0.19	0.26	0.47	0.13
3b	NAG96-03	37.35	38.35	1.00	0.09	3.40	0.07	0.02	0.13	0.24	0.43	0.02
3c	NAG96-03	43.00	54.00	11.00	0.24	6.63	0.14	0.04	0.24	0.26	0.46	0.03
7a	NAG96-07	80.10	88.19	8.09	0.05	4.10	0.05	0.02	0.15	0.12	0.22	0.72
7b	NAG96-07	100.00	104.00	4.00	0.04	3.47	0.07	0.02	0.09	0.10	0.28	0.60
7c	NAG96-07	108.00	120.40	12.40	0.08	3.67	0.10	0.03	0.19	0.19	0.24	0.14
1a*	NAG96-01	5.20	10.20	5.00	0.06	7.76	0.09	0.03	0.14	0.13	0.23	1.12
1b*	NAG96-01	34.30	39.40	5.10	0.04	4.66	0.08	0.03	0.12	0.16	0.29	0.79
1c*	NAG96-01	47.00	47.90	0.90	0.02	23.73	0.04	0.00	0.03	0.03	0.06	0.29
1d*	NAG96-01	52.40	88.90	35.69	0.01	0.65	0.12	0.03	0.25	0.17	0.31	0.63
2a*	NAG96-02	9.25	19.00	9.75	0.05	6.15	0.07	0.02	0.13	0.10	0.19	0.59
2b*	NAG96-02	25.20	26.18	0.98	0.03	3.71	0.05	0.03	0.04	0.11	0.19	1.14
2c*	NAG96-02	46.65	85.08	38.43	0.11	6.12	0.12	0.03	0.21	0.21	0.37	0.69
2d*	NAG96-02	105.45	108.05	2.60	0.23	3.74	0.09	0.03	0.19	0.29	0.51	0.09

* Denotes previously released intervals - source of the core is from the 1997 drill program completed by BHP.
** Calculated stoichiometrically from elemental Vanadium.

Table 2: Surface Rock results in Target Area 7

SAMPLE	Au	Pt	Pd	Ag	Cu	Mo	Ni	V	V₂O₅	Zn
	(g/t)	(g/t)	(g/t)	(g/t)	(%)	(%)	(%)	(%)	(%) **	(%)
NF22 001	0.01	0.00	0.01	2.16	0.03	0.00	0.03	0.01	0.02	0.01
NF22 002	0.02	0.01	0.08	7.93	0.24	0.11	0.24	0.33	0.59	0.04
NF22 012	0.03	0.02	0.09	7.85	0.14	0.03	0.17	0.21	0.38	0.07
NF22 013	0.01	0.01	0.02	2.43	0.04	0.05	0.04	0.14	0.25	13.05
NF22 014	0.02	0.02	0.12	11.70	0.23	0.10	0.21	0.28	0.50	0.16
NF22 015	0.02	0.00	0.23	8.14	0.25	0.00	0.37	0.03	0.06	0.11
NF22 016	0.06	0.01	0.04	15.40	0.06	0.05	0.04	0.15	0.27	0.01
NF22 017	0.11	0.01	0.04	10.50	0.07	0.02	0.05	0.18	0.32	4.31
NF22 018	0.00	0.00	0.05	7.30	0.04	0.03	0.04	0.16	0.28	0.02
NF22 019	0.00	0.13	0.04	10.20	0.01	0.03	0.01	0.21	0.37	0.02
NF22 020	0.05	0.02	0.54	18.45	0.49	0.04	0.08	0.29	0.52	0.10
NF22 021	0.09	0.07	0.27	11.90	0.42	0.09	0.28	0.37	0.67	0.07
NF22 022	0.24	0.02	0.22	3.18	0.15	0.01	0.29	0.36	0.64	0.08
NF22 024	0.00	0.03	0.05	1.76	0.13	0.05	0.21	0.31	0.54	0.06
NF22 025	0.00	0.02	0.06	2.30	0.13	0.04	0.48	0.26	0.47	0.02
NF22 026	0.01	0.07	0.09	2.26	0.16	0.03	0.26	0.20	0.35	0.22
NF22 027	0.03	0.03	0.11	3.59	0.19	0.03	0.20	0.18	0.32	0.03
NF22 028	0.01	0.01	0.11	2.78	0.22	0.03	0.34	0.21	0.37	0.93
NF22 029	0.00	0.03	0.07	4.95	0.17	0.04	0.11	0.22	0.40	0.03
NF22 030	0.00	0.04	0.06	5.74	0.18	0.02	0.06	0.26	0.47	0.05
NF22 031	0.01	0.01	0.08	3.23	0.14	0.05	0.17	0.17	0.30	0.03
NF22 032	0.00	0.02	0.12	3.24	0.14	0.02	0.14	0.38	0.67	0.02
NF22 033	0.01	0.00	0.02	7.23	0.22	0.03	0.21	0.16	0.28	0.82
NF22 034	0.01	0.01	0.08	7.70	0.40	0.19	0.21	0.26	0.47	0.11
NF22 035	0.01	0.00	0.00	6.87	0.44	0.03	0.33	0.20	0.36	0.01
NF22 036	0.02	0.14	0.10	1.81	0.17	0.04	0.35	0.50	0.89	0.02
NF22 037	0.03	0.01	0.02	2.72	0.13	0.03	0.13	0.14	0.25	0.43
NF22 038	0.03	0.06	0.04	4.10	0.17	0.08	0.20	0.41	0.74	0.02
NF22 039	0.04	0.03	0.09	6.74	0.31	0.04	0.13	0.22	0.40	0.71
NF22 040	0.02	0.01	0.03	6.32	0.23	0.03	0.24	0.32	0.58	0.03
NF22 041	0.03	0.01	0.06	4.99	0.22	0.07	0.30	0.27	0.48	0.02
NF22 042	0.21	0.03	0.01	4.44	0.15	0.06	0.46	0.40	0.71	0.01
NF22 043	0.01	0.00	0.13	16.00	0.31	0.02	0.26	0.12	0.21	0.10
NF22 044	0.03	0.02	0.05	5.34	0.25	0.04	0.36	0.24	0.43	0.01
NF22 045	0.26	0.03	0.15	2.05	0.14	0.05	0.25	0.30	0.54	0.05
NF22 201	0.13	0.03	0.21	44.50	1.09	0.03	0.14	0.28	0.49	1.38
NF22 202	0.02	0.02	0.03	15.35	0.37	0.07	0.22	0.31	0.56	0.03
NF22 203	0.01	0.00	0.05	12.35	0.05	0.04	0.05	0.14	0.24	0.18
NF22 204	0.01	0.00	0.05	8.72	0.07	0.03	0.06	0.16	0.29	0.27
NF22 205	0.00	0.01	0.04	4.72	0.06	0.01	0.16	0.12	0.21	0.13
NF22 206	0.01	0.00	0.07	11.00	0.13	0.03	0.18	0.25	0.44	1.20
NF22 207	0.00	0.00	0.03	7.75	0.18	0.05	0.08	0.18	0.32	0.67
NF22 208	0.01	0.04	0.02	10.65	0.34	0.02	0.27	0.27	0.47	0.22
NF22 209	0.00	0.00	0.00	1.20	0.03	0.00	0.01	0.02	0.04	0.01
NF22 210	0.00	0.01	0.02	2.65	0.07	0.01	0.15	0.08	0.14	0.01

** Calculated stoichiometrically from elemental Vanadium

Figure 3a. Critical metals grade profile for drill holes 3 and 7.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8512/198862_eec11f8264892a99_003full.jpg

Figure 3b. Critical metals grade profile for drill holes 3 and 7.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8512/198862_eec11f8264892a99_004full.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.

Field grab samples were analyzed using the same methods, with the only difference being that the entire sample was submitted.

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 transition. 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.strategxcrop.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 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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StrategX Elements Corp. Completes $4.5 Million Charity FT Private Placement

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company"), is pleased to announce the successful completion of its previously announced $4,500,000 charity flow-through private placement (the "Charity FT Financing"). No warrants or finder's fees were issued or paid in conjunction with this financing.

The Charity FT Financing, closed on June 24, 2024, involved the issuance of 15,000,000 common shares (the "Charity FT Shares") priced at $0.30 per share, generating gross proceeds of $4,500,000. These funds will be dedicated to funding "Canadian exploration expenses" qualifying as "flow-through critical mineral mining expenditures," pursuant to the Income Tax Act (Canada), related to StrategX's properties by December 31, 2025. The Company will renounce all Qualifying Expenditures in favour of Charity FT Shares subscribers effective December 31, 2024. All Charity FT Shares issued under the Charity FT Financing are subject to a hold period expiring October 25, 2024, in accordance with applicable securities laws in Canada and the policies of the Canadian Securities Exchange ("CSE").

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StrategX Announces Results of Annual General Meeting

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company") held the annual general meeting (the "AGM") of its shareholders on June 24th, 2024. All resolutions at the AGM were unanimously (100%) approved, including:

setting the number of directors at four,
re-appointing Darren Bahrey, Ryan McEachern, Paula Caldwell St-Onge and David Haig as directors of the Company; and
re-appointing Crowe MacKay LLP, Chartered Professional Accountants, as auditor of the Company.

21,634,317 shares, being approximately 57.55 percent of the issued and outstanding shares, were represented at the AGM.

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StrategX Elements Corp. Announces $4.5M Charity Flow-Through Private Placement

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company"), announces that it proposes to undertake an up to $4,500,000 non-brokered private placement of flow-through shares (the "Charity FT Shares") to be sold to charitable purchasers at a price of $0.30 per Charity FT Share. The gross proceeds received from the sale of the Charity FT Shares will be used for work programs on the Company's exploration properties. All securities issued and sold under this financing will be subject to a four-month-and-one-day hold period under securities laws in Canada. The Company expects to complete this Charity FT Share financing on or before June 24, 2024.

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Cygnus Metals Ltd. Opens the Market

Ernest Mast, President and Managing Director, Cygnus Metals Ltd. (TSXV: CYG) ("Cygnus Metals" or the "Company"), and his team, joined Robert Peterman, Chief Commercial Officer, Toronto Stock Exchange (TSX), to open the market to celebrate the Company's new listing on TSX Venture Exchange.

Cygnus Metals Limited (TSXV: CYG) (ASX: CY5) is a diversified critical minerals exploration and development company with projects in Quebec, Canada and Western Australia. The Company is dedicated to advancing its Chibougamau Copper-Gold Project in Quebec with an aggressive exploration program to drive resource growth and develop a hub-and-spoke operation model with its centralised processing facility. In addition, Cygnus has quality lithium assets with significant exploration upside in the world-class James Bay district in Quebec, and REE and base metal projects in Western Australia. The Cygnus team has a proven track record of turning exploration success into production enterprises and creating shareholder value.

MEDIA CONTACT:
Laurie Gaborit
Advisor, Investor Relations
lgaborit@cygnusmetals.com
416.219.2049

Paul Armstrong
Read Corporate
+61 8 9388 1474

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FPX Nickel Announces Results of Baptiste Nickel Project Economic Impact Study

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX Nickel " or the " Company ") is pleased to announce the results of an Economic Impact Study (the "Study" ) completed for the Company's Baptiste Nickel Project (" Baptiste " or " the Project "). The Company engaged Mansfield Consulting Inc. to assess the potential regional, provincial, and national economic impact of the Baptiste Nickel Project, based on the findings of the Company's Pre-Feasibility Study ("PFS" ) published in September 2023 .

The Economic Impact Study focuses on quantification of the economic impacts that would be created by the development and ongoing operations of the Project, and assesses the regional employment impacts created by the Project; the Study does not replace or alter the findings of the PFS. Amounts herein are in Canadian Dollars unless otherwise noted.

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Criteria	Total GDP ($B)	Total Labour Income ($B)	Total Employment (direct, indirect, and induced jobs)	Total Tax Revenues ($B)
Initial Development (3 years)	3.3	2.2	19,800	0.8
Mine Expansion (2 years)	1.1	0.7	6,500	0.3
Mine Operations (29 years)	41.2	14.6	181,900	14.5
Total	45.6	17.5	208,100	15.6

Criteria	Federal Taxes	Provincial Tax	Municipal Tax
Initial Development (3 years)	421	338	53
Mine Expansion (2 years)	144	117	19
Mine Operations (29 years)	5,616	8,083	753
Total	6,181	8,538	825

Criteria	Initial Development	Phase 1 Operations	Expansion	Phase 2 Operations	Average
Direct Jobs Per Year	2,600	700	1,200	1,000	1,100
Indirect Jobs Per Year	2,300	2,700	3,800	3,800	3,400
Induced Jobs Per Year	1,700	1,500	2,400	2,100	1,900

StrategX Increases the Size of the Nagvaak Critical Metals Discovery on the Melville Peninsula in Northern Canada

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Overview

Company Highlights

Key Projects

Melville Peninsula, Nunavut

Melville Overview

Nagvaak Project

Project Highlights:

MEL Project

Project Highlights:

Tasijuaq Project

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East Arm, Northwest Territories

East Arm Overview

Project 939

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Project EA South

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Management Team

Darren Bahrey - CEO & President, Founder

Paula Caldwell St-Onge - Independent Director

Ryan McEachern - Independent Director

Andrea Yuan - Chief Financial Officer

Ariel Cobangbang - IR & Marketing Communications

Adam Vary - Chief Technical

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