Stria Provides Update on Proposed Royalty & Change of Business Transaction

About this update from Stria Lithium Inc.

Ottawa, Ontario--(Newsfile Corp. - May 29, 2026) - Stria Lithium Inc. (TSXV: SRA) ("Stria" or the "Company") is pleased to provide a brief update regarding the proposed acquisition of a net smelter return (NSR) royalty of up to 2% on the advanced West Australian Mt Henry Gold Project (the "Acquisition") pursuant to an investment agreement (the "Investment Agreement") with Alicanto Minerals Ltd. (ASX: AQI) ("Alicanto"), as previously announced in the Company's news release dated April 8, 2026.Stia continues to advance the various components required under TSX Venture Exchange (the "Exchange") Policy 5.2 - Changes of Business and Reverse Takeovers. Work related to the Acquisition, including technical reporting, preparation of a listing statement, preparation of transaction documentation, and assembly of required regulatory filings, is progressing as expected. The parties remain committed to moving the Acquisition forward and will provide further updates as appropriate.As mentioned in the Company's previous news release, the Acquisition will require shareholder approval under the policies of the Exchange and the Company anticipates receiving such approval by way of written resolution of its shareholders. Furthermore, Stria will hold an annual and special meeting of shareholders on June 9th to , notably, (i) elect the directors of the Company that will hold office until the next general meeting of the Company or completion of the Acquisition and (ii) approve the change of name of the Company to Arc Mineral Royalties Ltd.Completion of the Acquisition remains subject to regulatory and shareholder approval, and satisfaction of all applicable Exchange requirements.Details of the Acquisition, as contemplated in the Investment Agreement between Stria and Alicanto, may be found in the Company's news release dated April 8, 2026.For more information about Stria Lithium, please visit https://strialithium.com.Dean HanischCEO Stria [email protected]+1(613) 612-6060Media Paul Armstrong Read Corporate +61 8 9388 1474  Investors Relations, Stria Lithium Inc. [email protected] Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.Completion of the Acquisition is subject to a number of conditions, including but not...

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