Mr. Dean Hanisch reports

STRIA RECEIVES CONDITIONAL APPROVAL ON CHANGE OF BUSINESS TRANSACTION

Stria Lithium Inc. has received conditional approval from the TSX Venture Exchange, pursuant to Policy 5.2, Changes of Business and Reverse Takeovers, for Stria's proposed change of business (COB), which includes a concurrent $12-million private placement via the issuance of 16 million common shares at a price of 75 cents per common share. Prior to the closing of the COB transaction, Stria will change its corporate name to Arc Mineral Royalties Ltd.

Change of business transaction

Stria entered into a proposed acquisition of a net smelter return (NSR) royalty of up to 2 per cent on the advanced West Australian Mt. Henry gold project, pursuant to an investment agreement with Alicanto Minerals Ltd. (now Sinclair Gold Ltd.). This investment agreement, which was initially announced in the company's news release dated April 8, 2026, led to Stria's proposed change of business from a mining exploration company to an investment issuer (see the company's news releases dated April 8, 2026, May 29, 2026, July 22, 2026, and July 30, 2026, for mote details on the COB).

The acquisition remains subject to several customary closing conditions. The acquisition requires shareholder approval under the policies of the exchange, which the company is obtaining by way of written consent of its shareholders. These conditions are all expected to be completed shortly by Stria and closing of the COB transaction is expected to occur before the end of the week.

Filing statement and technical report

In connection with the COB and pursuant to exchange requirements, Stria has filed a filing statement dated Aug. 20, 2026, and a technical report under its profile on SEDAR+. Investors are cautioned that except as disclosed in the company's public filings, any information released or received with respect to the COB may not be accurate or complete and should not be relied upon.

We seek Safe Harbor.