StrategX Elements Corp. announced Marcio Fonseca has been appointed to the Board of Directors of the Company as an independent director and the new Chair of the Company's Audit Committee effective immediately. Mr. Fonseca's broad skill set and experience in international mining finance and project development will be extremely valuable in advancing the Company's position in the critical metals sector.

StrategX also announces the resignation of David Haig from the Board of Directors effective immediately and advises that the previously announced private placement in which Mr. Haig's company was to participate was not completed within the time required under CSE policies and accordingly has been terminated. Mr. Fonseca brings significant experience and expertise to the Company having successfully achieved a +30-years professional career working in multicommodity and multi-jurisdictions with large mining corporations and investment banks worldwide. He previously served as the Division Director for Metals and Energy at Macquarie Bank, where he played a pivotal role in business growth in North America.

Mr. Fonseca's career achievements include direct involvement in successful discoveries of Tier 1 deposits and developing mine operations in world-class mining districts. Renowned for his ability to identify, enhance, and develop natural resource opportunities, he has focused on delineating attractive prospects for development. His expertise in various jurisdictions encompasses all phases of mineral asset development, and he has held senior corporate development positions with Vale, Phelps Dodge, and Echo Bay Mines in Latin America.

Notable accomplishments include his instrumental role in orchestrating successful transactions such as the CAD 155 Million acquisition of SilverCrest Mines by First Majestic Silver Corp. in Mexico. More recently, Mr. Fonseca has created new ventures in Latin America laying the groundwork for business development.

He has extensive experience in capital markets, strategic partnerships, and securing equity and debt financing for natural resource projects on a global scale.