StrategX Announces Closing of Final Tranche of Non-Brokered Private placement of Flow-Through Shares and Non-Flow Through Share Units

2 December 2022

Vancouver, Canada, December 2, 2022 – StrategX Elements Corp. (CSE: STGX) (“StrategX” or the “Company”) announces that, further to its news releases of October 14, 2022 and October 25, 2022, it has closed the final tranche of its non-brokered private placement (the “Private Placement”) by issuing 335,000 flow-through shares (“FT Shares”) at a price of $0.30 per FT Share for gross proceeds of $100,500, and 660,600 non-flow-through share units (“NFT Units”) at a price of $0.25 per NFT Unit for gross proceeds of $165,150. In relation to the NFT Units, the Company issued 330,300 common share purchase warrants, each entitling the holder to purchase a non-flow-through common share of the Company for $0.40 per share until December 2, 2025. The Company paid finder’s fees of $7,000. All securities issued at closing are subject to a hold period expiring April 3, 2023, in accordance with applicable securities laws and the policies of the CSE. Total proceeds of $981,849.80 were raised in both tranches through the issuance of 2,561,600 NFT Units and 1,138,166 FT Shares.