StrategX Reports Significant Mineralization in Drill Core at Nagvaak Project

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company"), reports significant mineralization in drill core that resembles surface rock samples having returned high values greater than 1% nickel equivalent (NiEq) and 0.5% vanadium pentoxide. Approximately 1,000m of well-preserved stored core from a 1996 drill program completed by BHP at Nagvaak was logged in detail with a focus on identifying mineralized intervals for energy transition metals. The previous drill program by BHP focused on exploring for zinc mineralization outlined by a gravity anomaly and multiple EM conductors central to the Nagvaak target area. The Company's exploration program confirmed the location of the BHP drillhole collars and incorporated the drill holes and recently completed ground geophysical survey results into a sectional interpretation (see news release dated October 14th, 2022). Utilizing a handheld XRF spectrometer, the StrategX exploration team identified mineralized zones anomalous in nickel, vanadium, cobalt, copper, molybdenum, and silver. A total of 354 drill core samples were taken and sent to SRC laboratory for assaying.

Highlights

Targets identified to date represent a potentially new major mineral system hosting energy transition minerals including nickel, vanadium, cobalt, copper, molybdenum, and silver.
Significant polymetallic mineralization over wide intervals can be observed in five (5) BHP core holes (see Table 1) indicating that the extensive surface gossan anomalies that returned values greater than 1% NiEq and 0.5% vanadium pentoxide may also occur at depth.

Drillhole*	Mineralized Intervals (metres)
Drillhole*	From	To	Length
DDH1	5.2	88.0	82.8
DDH2	9.2	119.4	110.2
DDH3	10.7	59.2	48.5
DDH7	78.1	118.5	40.4
DDH14	27.0	85.0	58.0

*Completed by BHP in 1996, half-core was logged, photographed, and sampled by StrategX.

XRF spectrometer identified highly anomalous values in nickel, vanadium, copper, molybdenum, and silver in the sampled drill core intervals.
Vanadium pentoxide continues to be recognized as an important component in the mineralized zones.
Significant size potential is outlined based on drill core mineralization observed in two target areas located over 2km apart - confirming depth potential and continuity in the interpreted 6km-long by 400-m-wide mineralized corridor (see Figures 1 to 3 views of project location on the Melville Peninsula, Nunavut, and Nagvaak targets map showing anomalies and cross-section locations).

Figure 1: Nagvaak location on the Melville Peninsula, Nunavut (click figure to enlarge view)

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https://images.newsfilecorp.com/files/8512/146440_img1.jpg

Figure 2: Project Nagvaak Targets Map overview (click map to enlarge view)

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https://images.newsfilecorp.com/files/8512/146440_img2.jpg

Figure 3: Project Nagvaak 3D visual with EM anomalies & BHP drill holes on sections 6300 + 8400 (click figure to enlarge view)

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https://images.newsfilecorp.com/files/8512/146440_img3.jpg

Table 1: Drill Core Summary of Mineralized Intervals (PDF version can be viewed at this link)

Drillhole ID	Section Line	Area	Depth (m)	Azimuth	Dip (°)	Mineralized Intervals (m)			Highlights	XRF Observations	Photo
						From	To	Length
DDH1	8400	4	88	0	55	5.2	10.0	4.8	Massive graphitic shale with pyrrhotite, chalcopyrite and goldmanite as breccia infill, blebs, stringers, and disseminated. Calc-silicate with goldmanite.	V in green minerals, Mo and Ag in graphitic shale, Ni in pyrrhotite.	A
						15.4	27.3	11.9			B
						34.4	42.2	7.8
						52.8	75.3	22.5			C
						78.5	88.0	9.5
DDH2	8400	4	125	0	55	9.2	19.0	9.8	Massive graphitic shale breccia with pyrrhotite, chalcopyrite and sphalerite as blebs, stringers, and disseminated. Calc-silicate with chalcopyrite, pyrrhotite, sphalerite and goldmanite.	V in green minerals, Mo- Ag-Zn in graphitic shale, Ni in pyrrhotite.	D
						21.9	26.1	4.2
						37.2	85.0	47.8			E
						90.0	95.0	5.0
						105.4	119.4	14.0
DDH3	8400	4	124	0	55	10.7	18.9	8.2	Graphitic shale with finely disseminated pyrrhotite, chalcopyrite and sphalerite; rare blebs and stringers.	V in green minerals, Mo and Ag in graphitic shale, Ni in pyrrhotite.
						37.4	59.2	21.8
						120.0	124.0	4.0
DDH7	8400	4	120	0	55	78.1	88.1	10.0	Graphitic shale with disseminated pyrrhotite, and chalcopyrite; rare blebs and breccia.	V in green minerals, Mo and Ag in graphitic shale, Ni in pyrrhotite. Cobalt in calc-silicate.
						99.7	118.5	18.8
DDH14	6300	1	115	0	55	27.0	85.0	58.0	Prominent goldmanite crystals in calc-silicate, and graphite breccia intervals with pyrrhotite and sphalerite matrix.	Ni dominant, but also widespread V; Mo, Ag, and Cu identified.	F, G, H

Handheld XRF procedures

Handheld portable XRF results do not replace laboratory analysis. The Company considers it an effective screening tool that identifies the geochemical presence of various elements representing mineralized intervals to sample and analyze for nickel, copper, cobalt, vanadium, molybdenum, and other metals. XRF analyses were taken every 10 to 50 cm on the surface of the core as point analyses with a 1 cm view window wherever visible sulphides were present. The XRF instrument used was an Olympus Vanta M-Series, operated by StrategX staff on site.

Exploration next steps

The Company has positioned the diamond drill rig at site and is ready to commence drilling a 1^st phase program as soon as viable - currently the planned start date is for March 2023. The objective of this program will be to evaluate the size and grade of a potential economic mineral deposit hosting multiple energy transition metals allowing the Company to develop a mineral resource as quickly as possible. During the next 3 months, detailed studies will be completed on the mineralized core to further guide metallurgical studies on determining metal recovery rates and mineral processing options.

Qualified Person & QA/QC

The geological and technical data contained in this news release about the Nagvaak Project was reviewed and approved by Uwe Naeher, P.Geol. (NAPEG), a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

About StrategX

StrategX is a new Canadian-based exploration company on a mission to make discoveries in critical energy metals in northern Canada and contribute towards a sustainable energy economy. The Company's property portfolio of 5 stand-alone projects is situated on the East Arm of the Great Slave Lake, Northwest Territories and the Melville Peninsula, Nunavut. The Company's first-mover land position in underexplored regions provides a unique opportunity for investors to be part of multiple discoveries and the creation of new districts hosting metals required in the transition towards green energy. Click here to check out our 30-second video clip on StrategX.

On Behalf of the Board of Directors

Darren G. Bahrey
CEO, President & Director

For further information, please contact:

StrategX Elements Corp.
Email: info@strategXcorp.com
Phone: 1-855-787-2849 (toll-free)

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

Neither the Canadian Securities Exchange nor its regulations 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 CSE:STGX Base Metals Investing

STGX:CC

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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StrategX Elements Corp. Announces $1.5M Private Placement Resulting in Creation of a Control Person

StrategX Elements Corp. (CSE: STGX) ("StrategX" or the "Company"), announces its intention to complete a non-brokered private placement of up to 15,000,000 common shares (the "Shares") at a purchase price of $0.10 per Share to raise gross proceeds of up to $1,500,000. The proceeds received from the sale of the Shares will be used to fund a drill program on the Company's Nagvaak Property and for general working capital purposes. When issued, the Shares will be subject to a four-month-and-one-day hold period under securities laws in Canada.

It is proposed that all of the Shares will be purchased by David Haig Associates Inc. ("DHA"), which will result in DHA holding 28.5% of the issued shares of the Company, on a non-diluted basis. As such, DHA will become a new control person. This financing is subject to CSE approval. Pursuant to CSE policies, the creation of a new control person is subject to shareholder approval which may be obtained by way of written consent of shareholders holding 50% + 1 of the issued shares of the Company. This private placement is expected to close as soon as all approvals have been obtained.

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FPX Nickel Rock Sampling Program Establishes Mich Property as Compelling Large-Scale Target with Surface Grades Comparable to Flagship Baptiste Nickel Project

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to announce the results of a grid-based rock sampling program at the 100% owned Mich property in the Yukon territory. This program has both expanded the footprint of known awaruite mineralization and identified new areas of awaruite mineralization beyond the previous claims boundary. Based on the expanded database of Mich rock sampling results, the grade profile of surface rock samples at Mich is now considered comparable with similar samples at FPX's flagship Baptiste Nickel Project (" Baptiste ") in British Columbia .

Highlights

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Vertex Minerals Limited Progress Update at High-Grade Reward Gold Mine

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to announce an update on the Reward Gold mine start up, with the refurbished Gekko plant arriving this week along with a team of trades people to install and commission the plant. Further the site infrastructure has been redeveloped with a number of improvements to roads and tails line implemented.

HIGHLIGHTS

- Civils completed.

- Gekko have commenced mobilising the Gekko Gravity Gold plant from Ballarat to the Mine site.

- Recently purchased LM 90 Drill Rig has been mobilised from Kalgoorlie to the Mine site.

- Mobile fleet purchased and on site.

o Light vehicles, heavy 6wd truck, 4wd Dual cab light truck, Integrated tool carrier, underground loader, underground haul truck, excavator

- Fixed plant purchased and on site.

o Underground fans
o Transformers
o Fuel Infrastructure
o Replacement piping for slurry and water reclaim

- General Manager and Mine Manager has commenced employment on site.

- Road infrastructure upgraded.

- Portal entry and ore handling area refurbished and expanded.

- Vertex on track for January commissioning of the plant.

The Reward Gold Mine is well placed for a simple start -up:

- The new processing plant will be constructed adjacent to the underground mine portal (640 Level) and over the existing footprint of the existing plant.

- The 640 Level extends into the resource and no stripping required with the revised mine plan.

- Second egress in place with existing ladder way from 640 Level to surface.

- Some underground fleet and utility services are already owned by Vertex. With new fleet arriving.

- The New plant will be utilising the existing services and infrastructure:

o Gold Room
o Water systems
o Power generation
o Offices
o Change Rooms
o Workshop
o Storeroom
o Crib Room
o Jaw Crusher
o Access Roads
o Security System

Commenting on the progress, Vertex Executive Chairman Roger Jackson said: "We are very pleased with the progress so far with the redevelopment of the Reward Mine and the refurbishment of the Gravity Gold plant, given we have done this with a very small capital budget and a very wet season. I would like to acknowledge our team at Hill End, headed up by our Director Declan Franzmann and Maintenance Manger Jeff Williams who have worked tirelessly on this project to get it to this point.

Further I would like to express our gratitude to the efforts made by Gekko on their professionalism in taking a second-hand plant and refurbishing it to an excellent standard within a very short lead time.

We are now all-hands-on-deck to get ore into the plant and be producing gold bars in January."

About Vertex Minerals Limited:

Vertex Minerals Limited (ASX:VTX) 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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Drill Hole	Width	Silver	Gold	Copper	Lead+Zinc	AgEq
ID	(meter)	(g/t)	(g/t)	%	%	(g/t)
DC98-38	9.00	268.60	1.15	0.15	7.80	725
DC98-40	36.10	183.00	1.02	0.22	8.54	672
Including	3.00	738.20	3.29	1.47	43.99	3123
DC18-77	6.80	938.70	1.45	0.36	5.20	1333
DC18-79	4.60	233.30	1.75	0.16	9.73	820
and	6.10	384.60	5.50	1.23	22.20	1988
Including	4.70	466.00	6.91	1.45	27.20	2442
WTF82-08	7.30	334.80	0.54	0.07	5.42	619
Including	1.80	1313.10	1.85	0.27	17.74	2248
WTF82-14	1.80	240.20	2.14	0.10	12.50	984
WTF83-17	1.90	620.70	3.58	0.00	23.21	1945
Including	1.30	871.60	5.06	0.51	31.93	2760
WTF18-28	3.50	517.50	2.05	0.20	21.60	1654

Hole ID	From (m)	To (m)	Interval (m)	Ag (ppm)	Pb (%)	Zn (%)	Cu (ppm)	Ga (ppm)	Sb (ppm)
MCH-22-001	16.91	27.10	10.19	246.31	5.71	3.54	526.82	98.62	976.62
incl	21.65	26.05	4.40	497.00	11.13	3.87	1035.50	190.27	2129.50
and	64.62	67.89	3.27	64.97	0.52	0.44	45.77	4.82	5.17

MCH-22-002	33.79	49.00	15.21	907.11	26.03	2.72	117.24	17.10	1011.99
incl	33.79	41.47	7.68	1577.50	45.28	4.03	201.50	28.96	1748.75

MCH-22-003	22.60	32.00	9.40	270.92	7.95	4.35	125.37	26.79	491.23
incl	27.00	31.05	4.05	640.30	16.55	7.06	190.00	41.26	880.25
Not Previoulsy Released
Hole ID	From (m)	To (m)	Interval (m)	Ag (ppm)	Pb (%)	Zn (%)	Cu (ppm)	Ga (ppm)	Sb (ppm)
MCH-22-004	26.80	48.34	21.54	172.42	3.11	7.08	65.93	19.44	340.59
incl	31.32	39.19	7.87	199.87	5.97	18.60	121.93	48.76	896.92
incl	44.12	48.34	4.22	232.62	4.45	2.30	84.20	11.50	213.62

MCH-22-005	27.20	39.50	12.30	623.87	12.95	3.75	354.61	66.07	657.95
incl	33.32	38.53	5.21	1282.80	26.34	6.55	734.60	136.34	1343.40
and	49.88	79.00	29.12	2.77	0.10	6.80	54.27	2.38	11.69

	Mich Central Zone	Baptiste (Note 1)
Target Size	2.2 km x 575 m	3.2 km x 1.2 km
Number of surface samples	175	158
Samples >0.10% DTR Ni	44% (77 samples)	37% (58 samples)
Samples >0.06% DTR Ni	83% (145 samples)	79% (125 samples)
Samples	17% (30 samples)	21% (33 samples)

Item	From (m)	To (m)	Int (m)	Zn (%)	Pb (%)	Zn+Pb (%)	Ag (g/t)	Cu (%)
G11-3552-19	199.69	200.40	0.71	13.95	1.65	15.60	31.6	-
And	200.40	201.15	0.75	5.32	0.14	5.46	26.0	-
And	201.15	201.73	0.58	5.35	0.31	5.66	18.6	-
And	201.73	202.55	0.82	20.50	0.53	21.03	60.4	-
And	202.55	203.46	0.91	21.00	6.32	27.32	62.1	-
And	203.46	204.38	0.92	20.70	11.75	32.45	83.1	-
And	204.38	205.33	0.95	19.35	7.31	26.66	91.9	-
And	205.33	206.23	0.90	29.60	7.77	37.37	95.7	-
And	206.23	206.90	0.67	32.20	2.59	34.79	80.1	-
And	206.90	207.72	0.82	16.05	7.19	23.24	121.0	-
And	207.72	208.38	0.66	17.45	6.22	23.67	269.0	0.26
Weighted Avg	194.50	209.84	15.34	11.36	3.14	14.50	55.5	-
Incl.	199.69	208.38	8.69	18.78	5.08	23.86	85.0	-
Incl.	203.46	206.90	3.44	24.90	7.70	32.59	88.2	-
And	230.00	230.82	0.82	1.40	2.13	3.53	370.0	0.73
And	235.62	237.10	1.48	0.31	2.06	2.37	261.0	0.47

Item	From (m)	To (m)	Int (m)	Zn (%)	Pb (%)	Zn+Pb (%)	Ag (g/t)	Cu (%)
G11-3552-20	254.55	263.75	9.20	3.59	1.23	4.82	17.6	-
Incl.	254.55	260.25	5.70	5.28	1.33	6.61	21.2	-
Incl.	259.14	260.25	1.11	21.00	5.78	26.8	78.4	-
G11-3552-21	189.69	206.67	16.98	3.53	1.17	4.71	43.7	-
Incl.	199.67	206.67	7.00	6.17	1.89	8.06	92.8	-
Incl.	205.50	206.67	1.17	19.21	7.16	26.38	395.9	0.30
G11-3552-22	222.81	235.78	12.97	0.95	0.15	1.11	3.0	-
Incl.	227.49	229.88	2.39	3.65	0.55	4.20	10.2	-
Incl.	228.40	229.88	1.48	4.47	0.81	5.28	14.2	-
G11-3552-23	181.92	192.87	10.95	0.53	0.14	0.68	2.1	-
Incl.	184.64	185.59	0.95	1.85	0.68	2.52	8.1	-

StrategX Reports Significant Mineralization in Drill Core at Nagvaak Project

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Overview

Company Highlights

Key Projects

Melville Peninsula, Nunavut

Melville Overview

Nagvaak Project

Project Highlights:

MEL Project

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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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