Vancouver - StrategX Elements Corp. (CSE: STGX) ('StrategX' or the 'Company'), is pleased to introduce the first of its properties located on the East Arm of the Great Slave Lake, 235km east of Yellowknife, Northwest Territories.

The 939 Cobalt project is a grassroots discovery made in 2018 through StrategX's generative efforts in the region. The Company is currently prioritizing targets to complete a 1st phase discovery drill program which will commence upon receiving permits.

Highlights

StrategX successfully listed on January 10th, 2022, and its shares are now trading on the Canadian Securities Exchange (the 'CSE') under the symbol 'STGX.'

The lake sediment samples up to 4,900 ppm cobalt are some of the highest results discovered in a freshwater environment in Canada.

Cobalt anomalies in lakes occur in an area covering approximately 25 km2.

The Company is focused on exploration discovery of energy transition metals critical to the development of a 'greener' economy. Cobalt continues to be in high demand and is an important element to the global supply chain related to the production of electric vehicles and other advanced technologies.

Discoveries of cobalt are rare and cobalt as a critical mineral is strategically important to the natural resources industry in Canada.

The 939 Cobalt property comprises 6,700 hectares of claims and includes a much larger prospecting permit area. Permits are different from claims in that they are less expensive to maintain and allow the operator several years to reduce and select the areas of interest. The Company's focus to date has been on its claims which center in an area known as Misty Lake located 18 km north of the East Arm of the Great Slave Lake.

StrategX completed a regional-scale surface sampling program including lake sediment, till and rock samples. Previous surface sampling programs were carried out by Kennecott during the 1990's and by the Geological Survey of Canada showing the presence of anomalous cobalt in lake sediment and till samples. StrategX's generative team focused on determining the source of these elevated cobalt values by prospecting up-ice from where the high cobalt samples were found. One of StrategX's initial lake sediment samples returned a very high value of 939 ppm cobalt (hence the project name). This led to identifying a large, km-scale target area in Misty Lake located approximately 5 km to the northeast of the 939 ppm cobalt anomaly.

Assay results greater than 200 ppm cobalt in lake sediments is considered anomalous by industry standards, while >1,000 ppm is considered extremely high and not common. Exploration programs to date have returned numerous samples with values over 200 ppm cobalt. Sampling in Misty Lake returned numerous elevated values greater than 400 ppm up to 4,900 ppm cobalt defining a northeast-trending trench-like feature.

Rock sampling along the northwest shore of Misty Lake identified brecciated quartz-flooded boulders with trace amounts of pyrite returning assays up to 367 ppm cobalt. Bedrock showings on the shores of Misty Lake suggest a potential mineralized source northeast trending in Misty Lake, named the Trench Zone.

Exploration plans

StrategX plans to expand on its previous exploration over the next few months at Misty Lake. This work will include utilizing innovative technologies to prioritize the location of drill holes for the first phase of discovery drilling. The Company has applied for a Land Use Permit for drilling in 2022.

About StrategX

StrategX, under the stock symbol 'STGX,' is a new Canadian-based exploration company poised to be a significant contributor in the natural resources sector and emerging low carbon economy. The Company is currently focused on the discovery of cobalt and other energy transition metals in northern Canada. The Company's property portfolio includes two new regional plays: Project 939 & EA South situated near the shores of the East Arm of the Great Slave Lake, Northwest Territories, and Project M on the Melville Peninsula, Nunavut, located close to tidewater.

Contact:

Tel: 1-604-379-5515

Email: info@strategXcorp.com

Disclaimer for Forward-Looking Information

This press release contains forward-looking statements which are not composed of historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as 'believes', 'anticipates', 'expects', 'estimates', 'may', 'could', 'would', 'will', or 'plan'. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. There are a number of important factors that could cause the Company's actual results to differ materially from those indicated or implied by forward-looking statements and information. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Important factors that could cause actual results to differ materially from the Company's expectations include, among others, availability and costs of financing needed in the future, changes in equity markets, delays in the development of projects, and ability to predict or counteract potential impact of COVID-19 coronavirus on factors relevant to the Company's business. Although the Company has tried to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be correct as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

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