Vancouver, Canada, November 5th, 2025 – StrategX Elements Corp. (CSE: STGX) (“StrategX” or the “Company”), is pleased to announce positive assay results from the first drill hole completed in the 2025 drill program at its Nagvaak Project, part of its district-scale Melville Peninsula portfolio in Nunavut, Canada. The results confirm a robust polymetallic system hosting nickel, copper, vanadium, silver, zinc, molybdenum, and large flake graphite mineralization, reinforcing Nagvaak’s potential to become a Tier-1 critical minerals asset and a strategic North American supply source for the clean energy transition.

2025 DRILLING HIGHLIGHTS

• Assay results from drill hole NAG25-01 returned intersections grading (see Figure 1):

o 0.26 % Ni, 0.11% Cu, 0.18% V2O5, 0.23% Zn, 0.02% Mo and 6.92 g/t Ag over 49.9 m o 6.90% Cg (graphite) over 34.7 m, including 16.1% Cg over 6.0 m

• NAG25-01 intersected the mineralized zone 580 metres west of historical drilling, confirming continuity inside the mineralized corridor
• Drilling validates significant polymetallic mineralization, and results are consistent with the Company’s exploration model and discovery thesis
• Confirmed model will allow for efficient resource delineation of the Nagvaak deposit within a 6,000 m by 500 m mineralized corridor

• Nagvaak demonstrates similarities to the Kuusilampi and Kolmisoppi ore deposits in Finland; on March 25, 2025, Kolmisoppi received a strategic project designation under the European Union Critical Raw Materials Act

“These latest results continue to validate the scale, continuity, and grade of the Nagvaak system,” said Darren Bahrey, CEO of StrategX. “By confirming our exploration model and expanding the mineralized footprint, we’ve materially increased the value of this Tier-1 critical minerals asset. We remain focused on executing a disciplined exploration approach to unlock long-term value and be positioned as a key contributor to the critical minerals global supply chain.”

DRILL HOLE NAG 25-01 SUMMARY

The table of drill assays can be viewed [here].

Drill hole NAG25-01 intersected sulphide-rich, graphite-bearing zones 580 metres west of prior holes, confirming a strong correlation between surface mineralization, magnetic response, and conductivity anomalies as previously described in the Company’s press release on September 29th, 2025.

The drill results to date support the continuity of a potential large-scale mineralized system across the corridor (see table in Figure 2), consistent with geological analogs such as the Kuusilampi and Kolmisoppi ore deposits in Finland. On March 25, 2025, the Kolmisoppi received a strategic project designation under the European Union Critical Raw Materials Act.

The exploration model will allow the exploration team to accelerate the delineation of the 6,000 m by 500 m mineralized corridor hosting the Nagvaak deposit (see Figure 2). Future exploration will use this knowledge to make more discoveries within the Company’s substantial Melville Peninsula property portfolio (see Figure 3).

NEXT STEPS

StrategX will prioritize:

• Mineralogical and metallurgical characterization
• Geological modelling and resource delineation across the 6 km x 500 m corridor

• A 2026 drill-focused exploration program aimed at resource definition and economic assessment

These steps will accelerate technical de-risking, support valuation growth, and align StrategX with potential strategic partners and offtake opportunities within the critical materials market. “We believe Nagvaak could represent one of Canada’s most prospective emerging new critical minerals districts,” added Bahrey.

NAGVAAK ANALOGS – KUUSILAMPI AND KOLMISOPPI ORE DEPOSITS

Nagvaak demonstrates striking geological similarities to Kolmisoppi and Kuusilampi, critical mineral deposits operated by Terraframe in Finland. The Kuusilampi ore deposit, currently being mined, and the Kolmisoppi ore deposit together form the largest nickel ore reserves in

Europe. The Terraframe operation mines over 70% of the primary nickel mined in Europe. The mine reported in 2022, the measured, indicated and inferred mineral resources amount to 1,451Mt (Kolmisoppi – 810Mt and Kuusilampi – 641Mt) containing 0.25% Nickel, 0.52% Zinc, 0.14% Copper and 0.019% Cobalt. (Source Link). On March 25, 2025, the Kolmisoppi ore deposit was granted strategic project status under the European Union’s Critical Raw Materials Act.

These analogs highlight the potential for Nagvaak to become a world-class deposit in terms of the comparable scale, grade profile, and strategic positioning in the energy transition metals sector.

SAMPLING, ASSAYING AND QA-QC

HQ (6.35 cm) diameter was logged for recovery as well as geological, geophysical, and geotechnical information. The core was photographed before being sawn in half. Samples between 0.5 m and 1 m in length were taken in zones based on visual inspection. One-half was shipped to ALS Geochemistry in North Vancouver, BC, and the other half was archived on site. At ALS, the samples were weighed, dried, crushed, split by riffle splitter, and up to 250 grams were pulverized to 85% < 75 microns. Digestion was by Aqua Regia. Analysis was by ICP-MS Ultra Trace for multi-element (ME-MS41). Graphite samples were analyzed by LECO IR-Spectroscopy (C-IR18). Further ore-grade elements were performed by ICP-AES.

With the same number of samples analyzed, the laboratory QA-QC reports were deemed sufficient for quality control of the assaying.

QUALIFIED PERSON

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

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Some of these debt settlements constituted related party transactions within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) as certain directors and officers of the Company were were issued an aggregate of 1,269,805 common shares in settlement of an aggregate of $228,565 debt. The Company relied on the exemptions from the valuation and minority shareholder approval requirements of MI 61- 101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in these debt settlement transactions by the related parties does not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.

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Some of the debt settlement transactions will constitute related party transactions within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”) as certain directors and officers of the Company will be issued an aggregate of 1,269,805 shares in settlement of an aggregate of $228,565 debt. The Company expects to rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as the fair market value of the participation in these debt settlement transactions by the related parties will not exceed 25% of the market capitalization of the Company, as determined in accordance with MI 61-101.

The Company also announces that it has granted incentive stock options to certain directors, officers and consultants to purchase up to an aggregate of 3,400,000 common shares of StrategX pursuant to the Company’s share option plan. The options are exercisable for a period of ten years at a price of $0.21 per share. The options, and any underlying common shares issued on exercise thereof, will have a hold period expiring February 4, 2026, in accordance with the policies of the CSE and applicable securities laws.

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Key Highlights:

• Drill hole NAG25-01 intersected four (4) distinct sulphide-rich mineralized graphite zones over a 42.8-metre interval.

• The hole targeted a high-priority geophysical anomaly and successfully intersected mineralization at the expected depth.

• The drilling intersected mineralized zones 580 metres west of historical drilling, confirming lateral continuity across the 6-kilometre mineralized corridor.

• Results validate StrategX’s Exploration Model, developed through ground magnetic and

  TDEM geophysical surveys, historical drill data, and surface sampling.

• The Nagvaak graphite-rich polymetallic mineralized corridor is 6,000 metres along strike and approximately 500 metres wide (see Figure 6), underscoring its scale and a potential

  Tier-1 critical minerals deposit discovery.

• Drill core samples have been submitted for laboratory analysis; assay results are pending.

2025 Drill Program

StrategX completed its 2025 summer drill program in August. The program successfully confirmed

the exploration model for targeting future drill programs. The drill program also provided quality samples for further characterization of the high-purity jumbo flake graphite, along with critical metals identified in historical drill core (see press release March 7, 2023).

NAG25-01 intersected beds of meta-greywacke/’dirty’ arenites and interbedded arenite- mudstones. Sulphide banding was observed within these zones proximal to the sulphide-rich

graphite horizons. Handheld magnetic susceptibility and conductivity readings confirmed the ground geophysical anomaly outlined by the Company and correlate strongly with the mineralization observed in the drill core (see Figure 1).

“This drill intercept validates our exploration model and highlights the scale potential of the Nagvaak mineralized system,” said Darren Bahrey, CEO of StrategX. “We are particularly encouraged by the width of the mineralization and the continuity of the graphite-rich zones, reinforcing Nagvaak Project’s potential to deliver a new Canadian source of critical minerals essential for the global energy transition supply chain.”

The following figures show examples of the mineralized zone in drill core.

NAG25-01 intersected the mineralized graphite zones 580 metres west of historic drilling (see Figure 6). The 2025 program successfully confirmed that the exploration model outlined by ground geophysical, magnetic and TDEM surveys and further backed up by previous resampling of historical drill core and earlier surface sampling results. This mineralized corridor is outlined to be 6,000 metres along strike by approximately 500 metres wide, and it hosts significant volumes of high-grade, large flake graphite (see press release December 3, 2024).

Furthermore, StrategX previously identified polymetallic concentrations of critical metals, including nickel, vanadium, cobalt, molybdenum, zinc, copper, and precious metals (see press release March 21, 2024). With the successful completion of NAG25-01, StrategX is advancing toward

defining a potential district-scale, multi-commodity critical minerals deposit in a new underexplored region of northern Canada.

Qualified Person

Any 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.

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All securities issued under the Offering are subject to a hold period expiring December 20, 2025, issuance in accordance with the policies of the CSE and applicable securities laws.

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The Units will be offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation. The proceeds received from the sale of the Units will be used to fund general working capital expenses. A finder’s fee may be paid to eligible finders in relation to the Offering, subject to compliance with applicable securities laws and the policies of the CSE.

All securities issued and sold under the Offering will be subject to a hold period expiring four months and one day from their date of issuance in accordance with the policies of the CSE and applicable securities laws.

Darren Bahrey, CEO of StrategX Elements Corp., commented: “We are excited to increase our exploration efforts and focus on the highly prospective Melville Peninsula in Nunavut. This region represents exceptional untapped potential for critical minerals essential to the global energy transition. Advancing our exploration in collaboration with Nunavut Tunngavik Inc.—the Inuit organization that represents the economic, social, and cultural interests of Inuit under the Nunavut Land Claims Agreement—demonstrates our commitment to responsible and inclusive development. With local support and involvement, we are currently on-site preparing the launch of our drill program.”

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UNDEREXPLORED REGION WITH HIGH POTENTIAL

StrategX’s exploration team has identified a promising Paleoproterozoic sedimentary basin— characterized by high-grade metamorphism—as a highly prospective environment for critical mineral discoveries. Historically, exploration in the region has been limited and primarily focused on targeting potential sedimentary-hosted zinc deposits.

CRITICAL MINERALS & GRAPHITE DISCOVERY

Recent re-sampling of historical drill core has validated previous surface sampling results, confirming the presence of high-grade, large flake graphite mineralization (see StrategX news release dated December 3, 2024). Additionally, the Company identified significant concentrations of key critical metals including nickel, vanadium, cobalt, molybdenum, zinc, and copper (see news release dated March 21, 2024). The Company expanded its footprint based on subsequent results released March 3, 2025.

Importantly, the mineralization appears to show a strong correlation with ground geophysical anomalies identified to date. In combination with surface mapping, sampling, and historical drill core analysis, the exploration team has delineated a mineralized corridor approximately 6,000 metres long and 500 metres wide (see news release dated February 22, 2024).

STRATEGIC FOCUS ON NAGVAAK PROJECT

In alignment with a recent strategic reorganization, the Nagvaak Project has been designated a top priority for StrategX. Concurrently, the Company has formally concluded its involvement with the East Arm property, following receipt of a termination letter from Hunter Exploration Group.

KEY OBJECTIVES OF SUMMER PROGRAM

The primary objectives of the upcoming drill program are:

• To further delineate the mineralized corridor with the goal of defining the deposit potential in critical minerals.

• To collect samples for metallurgical testing, including evaluating the quality and grade of graphite mineralization.

Qualified Person

Any geological and technical data contained in this press release was reviewed and approved by the interim President and COO, Ryan McEachern, PGeo, a qualified person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

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The main objective of the 2025 drill program will be to further delineate and validate the new discovery of critical minerals found from surface sampling and resampling of drill core completed on the property by other companies (see StrategX news release March 21, 2024 and March 3, 2025).

Qualified Person

Any geological and technical data contained in this press release was reviewed and approved by the interim President and COO, Ryan McEachern, PGeo, a qualified person as defined by

National Instrument 43-101 Standards of Disclosure for Mineral Projects.

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“These changes reflect our commitment to strengthening operational execution while pursuing our strategic goals to advance critical minerals exploration and discoveries in Canada,” said Mr. Bahrey, CEO of STGX. “We are confident this realignment will enhance our ability to deliver value to shareholders and stakeholders alike.” The Company plans to conduct a summer drill program at the Nagvaak project to verify surface sampling and resampling of historic drill holes that discovered a high -grade graphite mineralization in a 6-kilometre-long by 400-metre-wide mineralized corridor. The project is located in the Proterozoic Penrhyn Group metasediments on the Melville Peninsula, Nunavut, Canada.

The Company is also completing data compilation and modelling of the recent geophysical survey conducted on the East Arm Copper project, situated near the suture boundary between the Slave Geological Province and the Taltson-Thelon Orogen.

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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.

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