StrikePoint Gold

Vancouver, British Columbia — January 14^th, 2020 StrikePoint Gold Inc. (“StrikePoint” or the “Company”) (SKP:TSX.V)(STKXF:OTCQB) announces that the company has signed a definitive agreement dated January 13, 2020, with Sitka Gold with respect to the acquisition by Sitka of 100 per cent of StrikePoint’s Mahtin property. The property is located approximately 40km northwest of the town of Mayo in the central Yukon Territory. The terms of the transaction set out in the definitive agreement include:

• Sitka Gold will acquire 100 per cent of the property;
• Sitka Gold will issue two million common shares to StrikePoint;
• StrikePoint will retain a 1 per cent net smelter return royalty, which can be purchased for an additional cash payment of $1-million.

StrikePoint CEO Shawn Khunkhun commented: “The Mahtin transaction will provide StrikePoint with a significant share position in Sitka and a royalty on the Mahtin property. This will provide StrikePoint shareholders with exposure not only to the exploration upside at Mahtin, but to Sitka’s entire project portfolio, which include the Burro Creek Gold-Silver Deposit in Arizona, the Alpha Gold Project in Nevada and the RC Gold Property in the Yukon. Sitka’s has a strong technical team, good share structure with significant ownership by management and have demonstrated an ability to finance operations.

About StrikePoint

StrikePoint Gold is a gold exploration company focused on building high-grade precious metals resources in Canada. The company controls two advanced stage exploration assets in BC’s Golden Triangle. The past-producing high-grade silver Porter Project and the high-grade gold property Willoughby, which is adjacent to Red Mountain. The company also owns a portfolio of gold properties in the Yukon.

ON BEHALF OF THE BOARD OF DIRECTORS OF
STRIKEPOINT GOLD INC.

“Shawn Khunkhun”

Shawn Khunkhun
Chief Executive Officer and Director

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s filings with Canadian securities regulators. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The Company does not assume any obligation to update any forward-looking statements, save and except as may be required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact
StrikePoint Gold Inc.
Shawn Khunkhun, CEO and Director
T: (604) 602-1440
E: sk@strikepointgold.com
W: www.strikepointgold.com

Vancouver, British Columbia — December 3 2019 StrikePoint Gold Inc. (“StrikePoint” or the “Company”) (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce the final drill results from the 2019 surface drilling program from the 100%-owned Willoughby property located near Stewart in British Columbia’s prolific Golden Triangle. The Company received final assays from the six remaining holes, three from the North Zone, and three from the Wilby Zones.  Assays from the previous six drill holes from the 2019 program were previously announced (See Strikepoint News Release, September 16 & October 10, 2019).

Highlights from the final assays results include:

• W19-097: 5.29 g/t Au and 34.93 g/t Ag over 4.15 meters
• W19-097: 22.30 g/t Au and 347 g/t Ag over 1.27 meters
• W19-097: 72.2 g/t Au and 55 g/t Ag over 1.33 meters
• W19-097: 4.91 g/t Au and 27.79 g/t Ag over 5.0 meters
• W19-098: 2.45 g/t Au and 28.76 g/t Ag over 6.37 meters
• W19-100: 3.26 g/t Au and 2.47 g/t Ag over 7.02 meters
• W19-100: 2.16 g/t Au and 26.49 g/t Ag over 12.52 meters

StrikePoint CEO, Shawn Khunkhun, states, “Our strong technical team, led by Project Manager Marilyne Lacasse had a very successful drill campaign at the high-grade Willoughby Property. In an incident-free, on time and on budget program, the team successfully met all objectives of the program. StrikePoint has validated the high-grade nature of gold mineralization, extended the known zones by over 100 meters, developed a strong geological model, and have encountered new high-grade surface mineralization on the margins of newly exposed ice-free areas. The company now plans to analyze all new information collected through drilling, mapping, and surface and channel samples with the historical work, which includes a database of over 119 diamond drill holes and over 1,300 surface samples in preparation for a drill program in 2020 ”

Phase I: North Zone Drilling

Drill hole W19-097 tested historical grade continuity and stacked mineralized zones. High-grade intervals of 72.2 g/t gold and 55 g/t silver over 1.33 meters, 22.30 g/t gold and 347 g/t silver over 1.27 meters, and 17.90 g/t gold and 22 g/t silver over 1.0 meter within 5.29 g/t Au and 34.93 g/t Ag over 4.15 meters infilled the historical intercepts and provided additional structural understanding from the oriented measurements collected during core logging.  Robust intervals of 4.91 g/t Gold and 27.79 g/t Silver over 5.0 Meters and 3.72 g/t Gold and 44.38 g/t Silver over 2.33 Meters highlighted new high-grade mineralized zones, 10 and 40 meters down-dip respectively from historical intercepts at the North Zone.

The North zone mineralized trend consists of repetitive stacked lenses of calcite-pyrite to pyrite-sphalerite-galena veins intersecting with a prominent north striking shallowly east-dipping fault zones with milled sulfides and an east striking moderately north dipping oxidized fault set with oblique reverse-sinistral kinematics within an early-Jurassic biotite-phyric diorite thought to be part of the ‘Goldslide Suite’ intrusive suite that hosts the adjacent Red Mountain Deposit. The intersection of the two fault structures may localize high-grade gold mineralization in areas.

Table 1: Phase I, North Zone Assay Results, December 3, 2019 ⁽¹⁾

(1) True thickness estimated to be between 70 and 100% of drill intervals.

Phase II: Wilby Zone Drilling

Drill holes W19-098, W19-100, and W19-101 stepped out 20 meters from the Northern Deep lense and confirmed historical grades. Significant intervals include 2.45 g/t Gold and 28.76 g/t Silver over 6.37 Meters, 3.26 g/t Gold and 2.47 g/t Silver over 7.02 Meters, 2.16 g/t Gold and 26.49 g/t Silver over 12.52 Meters, and 2.02 g/t Gold and 3.33 g/t Silver over 3.0 Meters. The results show broader lower grade intercepts than the North zone and are interpreted to be part of the same system. The Wilby zone is located south of and 400 meters lower in elevation than the North zone. Mineralization at Wilby consists primarily of replacement-style massive pyrrhotite-pyrite-sphalerite and minor galena and massive calcite-pyrrhotite-pyrite-sphalerite-galena veins hosted within the Lower Jurassic sediment package with distal interaction of biotite-phyric diorite sills.

(1) True thickness estimated to be between 70 and 100% of drill intervals.

Willoughby project

Willoughby is located along the eastern margin of the Cambria Icefield, approximately seven kilometers east of the advanced-staged Red Mountain Deposit that was recently acquired by Ascot Resources from IDM Mining. The property is underlain by Upper Triassic Stuhini rocks and Lower Jurassic Hazelton volcano-sedimentary rocks that have been intruded by an early Jurassic-aged hornblende-feldspar porphyry, similar to and potentially comagmatic with the Goldslide Intrusive suite at Red Mountain. Intrusive-related mineralized zones consist of primary pyrite with lesser pyrrhotite, sphalerite, galena, chalcopyrite, native gold. Eight gold and silver mineralized zones have been identified to-date over a one-kilometer strike-length mineralization trend.

QA/QC

Samples for the 2019 exploration program were all drill core labeled, sawn in half, with one-half placed in sealed bags and shipped with a chain of custody controls to the laboratory. The remaining drill core is subsequently securely stored in Stewart, BC. The company implements a rigorous Quality Control/Quality Assurance program, including the insertion of standards, blanks, and duplicate at regular intervals in the sample stream to monitor laboratory performance.

Drill core samples are submitted to SGS Canada Inc. facility in Burnaby, British Columbia, for preparation and analysis. The SGS facility is accredited to the ISO/IEC 17025 standard for gold assays, and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed, split into a representative sub-sample using a riffle splitter, and subsequently, 250g is pulverized. Analysis for gold is by 30g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.005 ppm and an upper limit of 10 ppm. Samples with gold assays greater than 10ppm are re-analyzed using a 30g fire assay fusion with a gravimetric finish. Analysis for silver is by 30g fire assay fusion with gravimetric finish with a lower limit of 2ppm and upper limit of 100ppm. Samples with silver assays greater than 100ppm are re-analyzed using a gravimetric silver concentrate method. All samples are also analyzed using a 33 multi-elemental geochemical package by 4-acid digestion (ICP-AES).

Qualified Person

The Qualified Person for this news release for the purposes of National Instrument 43-101 is Marilyne Lacasse, P. Geo, Project Manager. She has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

About StrikePoint

StrikePoint Gold is a gold exploration company focused on building high-grade precious metals resources in Canada. The company controls two advanced stage exploration assets in BC’s Golden Triangle. The past-producing high-grade silver Porter Project and the high-grade gold property Willoughby, which is adjacent to Red Mountain. The company also owns a portfolio of gold properties in the Yukon.

ON BEHALF OF THE BOARD OF DIRECTORS OF
STRIKEPOINT GOLD INC.

“Shawn Khunkhun”

Shawn Khunkhun
Chief Executive Officer and Director

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s filings with Canadian securities regulators. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. The Company does not assume any obligation to update any forward-looking statements, save and except as may be required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact
StrikePoint Gold Inc.
Shawn Khunkhun, CEO and Director
T: (604) 602-1440
E: sk@strikepointgold.com
W: www.strikepointgold.com

Vancouver, British Columbia — September 16, 2019 StrikePoint Gold Inc. (“StrikePoint” or the “Company”) (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce the first two drill holes from the 2019 program at the 100%-owned Willoughby gold-silver property located near Stewart BC in British Columbia’s prolific Golden Triangle. The Company has received final assay results from two of twelve core holes, from both the North and Wilby zones.   Also, the Company is waiting for surface sample assays from its property-wide prospecting and channel sampling program.

“Our technical team’s excellent geological work has confirmed multiple-styles of gold-silver mineralization at Willoughby related to 1) lithological contacts, 2) vein and shear structures and 3) carbonate replacement,” said Shawn Khunkhun, StrikePoint’s President and CEO. “In particular, oriented core measurements have identified key syn and post-mineral faults, and most importantly, large folds.  We eagerly await the remainder of our drill results from both the Wilby and North Zones, which will hopefully confirm and expand historic high-grade intercepts.”

Highlights from the initial two holes include:

• W19-090 intersected 4.50 meters averaging 3.96 g/t au and 74.55 g/t Ag at North Zone
• W19-099 intersected 11.70 meters averaging 3.87 g/t au and 3.52 g/t Ag in upper lens at Wilby Zone
• W19-099 intersected 16.55 meters averaging 1.66 g/t Au and 32.10 g/t Ag in lower lens at Wilby Zone

The mineralized trend of the North Zone consists of east striking, moderately south dipping pyrite-sphalerite-galena veins intersecting with north striking shallowly east dipping fault zones with milled pyrite within an early-Jurassic biotite-phyric diorite thought to be part of the ‘Goldslide Suite’ intrusive suite that hosts the adjacent Red Mountain Deposit. The intersection of these two structures may localise high-grade gold mineralisation. The first hole drilled this year is consistent with mineralisation reported from historic drilling. Notably this hole highlighted a mineralized area unsampled from previous drilling and demonstrates potential for a larger zone of mineralisation.

Table 1: Selected Exploration Drill Results, September 2019 ⁽¹⁾

⁽¹⁾ True thickness to be determined.

Willoughby project

The project occurs along the eastern margin of the Cambria Icefield, approximately 7 kilometres east of the advanced-staged Red Mountain Deposit that was recently acquired by Ascot Resources from IDM Mining. The property is underlain by Upper Triassic Stuhini rocks and Lower Jurassic Hazelton volcanic and sedimentary rocks that have been intruded by an early Jurassic-aged hornblende-feldspar porphyry, similar to and potentially comagmatic with the Goldslide Intrusive suite at Red Mountain. Intrusive-related mineralized zones consist of primarily pyrite with lesser pyrrhotite, sphalerite, galena, chalcopyrite, native gold. Eight gold and silver mineralized zones have been identified to-date over a one-kilometer strike-length mineralization trend.

QA/QC

Samples for the 2019 exploration program were all drill core were labelled, sawn in-half, with one-half placed in sealed bags and shipped with chain of custody controls to the laboratory. The remaining drill core is subsequently securely stored in Stewart, BC. The company implements a rigorous Quality Control/Quality Assurance program, including the insertion of Standards, Blanks and duplicate at regular intervals in the sample stream to monitor laboratory performance.

Drill core samples are submitted to SGS Canada Inc. facility in Burnaby, British Columbia for preparation and analysis. The SGS facility is accredited to the ISO/IEC 17025 standard for gold assays and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed, split into representative sub-sample using a riffle splitter and subsequently 250g is pulverized. Analysis for gold is by 30g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.005 ppm and upper limit of 10 ppm. Samples with gold assays greater than 10ppm are re-analyzed using a 30g fire assay fusion with gravimetric finish. Analysis for silver is by 30g fire assay fusion with gravimetric finish with a lower limit of 2ppm and upper limit of 100ppm. Samples with silver assays greater than 100ppm are re-analyzed using a gravimetric silver concentrate method. All samples are also analyzed using a 33 multi-elemental geochemical package by a 4-acid digestion (ICP-AES).

Qualified Person

The Qualified Person for this news release for the purposes of National Instrument 43-101 is Marilyne Lacasse, P. Geo, Project Manager. She has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

About StrikePoint

StrikePoint Gold is a gold exploration company focused on building high grade precious metals resources in Canada. The company controls two advanced stage exploration assets in BC’s Golden Triangle. The past producing high grade silver Porter Project and the high-grade gold property Willoughby, which is adjacent to Red Mountain. The company also owns portfolio of gold properties in the Yukon.

ON BEHALF OF THE BOARD OF DIRECTORS OF
STRIKEPOINT GOLD INC.

“Shawn Khunkhun”

Shawn Khunkhun
Chief Executive Officer and Director

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s filings with Canadian securities regulators. Such information contained herein represents management’s best judgment as of the date here of based on information currently available. The Company does not assume any obligation to update any forward-looking statements, save and except as may be required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact:
StrikePoint Gold Inc.
Shawn Khunkhun, CEO and Director
T: (604) 602-1440
E: sk@strikepointgold.com
W: www.strikepointgold.com

Vancouver, British Columbia — August 13 2019 StrikePoint Gold Inc. (“StrikePoint” or the “Company”) (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce commencement of its Phase II drilling program of 1,000 metres at the Wilby zone on their 100%-owned Willoughby property located near Stewart BC in British Columbia’s Golden Triangle, seven kilometres east of Ascot Resource’s advanced-stage Red Mountain Gold Project.   The company’s Phase I program is complete, with eight holes that targeted the North Zone, located 400m northwest of the Wilby Zone.

The objective of the Phase II program is to expand and test the 1450 and Northern deep lenses at the Wilby zone, confirming and stepping out from multiple wide, high-grade historic intercepts. Gold and silver mineralization at Willoughby are hosted within Jurassic volcanic and sedimentary rocks, as well as ‘Goldslide Suite’ intrusive phases, similar to the adjacent Red Mountain Deposit and other significant deposits in Northwestern British Columbia.

Highlights of historical intercepts from Wilby include (drilled lengths, true width estimated to be 60 to 90% of interval):

• 89-04: 7.06 g/t Au and 42.80 g/t Ag over 11.50 meters
• 94-20: 4.40 g/t Au and 17.97 g/t Ag over 6.0 meters
• 95-51: 20.45 g/t Au and 42.84 g/t Ag over 6.80 meters
• 95-53: 12.66 g/t Au and 59.43 g/t Ag over 12.0 meters
• 96-71: 10.54 g/t Au and 5.88 g/t Ag over 5.10 meters
• 96-88: 7.62 g/t Au and 1.43 g/t Ag over 11.70 meters

StrikePoint CEO, Shawn Khunkhun, states “This is the first drill program to be carried out at the Wilby Zone since 1996. Historic drill holes were limited to near-outcrop, short holes.  StrikePoint’s goal is to demonstrate that the mineralised system is more extensive than previously indicated.  This part of Northern British Columbia has an enviable endowment of high-grade gold and silver mines and deposits.  Our aim is to build a resource that moves this project towards economic viability. “

Willoughby project

The project occurs along the eastern margin of the Cambria Icefield, approximately seven kilometres east of the advanced-staged Red Mountain Deposit that was recently acquired by Ascot Resources from IDM Mining. The property is underlain by Upper Triassic Stuhini rocks and Lower Jurassic Hazelton volcanic and sedimentary rocks that have been intruded by an early Jurassic-aged hornblende-feldspar porphyry, similar to and potentially comagmatic with the Goldslide Intrusive suite at Red Mountain. Intrusive-related mineralized zones consist of primarily pyrite with lesser pyrrhotite, sphalerite, galena, chalcopyrite, native gold and. Eight gold and silver mineralized zones have been identified to-date over a one-kilometer strike-length mineralization trend.

Qualified Person

Marilyne Lacasse, P. Geo., is the Qualified Person as defined by National Instrument 43-101 who prepared and approved reviewed the technical data in this news release.

About StrikePoint

StrikePoint Gold is a gold and silver exploration company focused on building high grade precious metals resources in Canada. The company controls two advanced stage exploration assets in BC’s Golden Triangle. The past producing high grade silver Porter Project and the high-grade gold property Willoughby, which is adjacent to Red Mountain. The company also owns portfolio of gold properties in the Yukon.

ON BEHALF OF THE BOARD OF DIRECTORS OF
STRIKEPOINT GOLD INC.

“Shawn Khunkhun”

Shawn Khunkhun
Chief Executive Officer and Director

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s filings with Canadian securities regulators. Such information contained herein represents management’s best judgment as of the date here of based on information currently available. The Company does not assume any obligation to update any forward-looking statements, save and except as may be required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact:
StrikePoint Gold Inc.
Shawn Khunkhun, CEO and Director
T: (604) 602-1440
E: sk@strikepointgold.com
W: www.strikepointgold.com

Vancouver, British Columbia — Aug 7, 2019 StrikePoint Gold Inc. (“StrikePoint” or the “Company”) (SKP:TSX.V)(STKXF:OTCQB) announces that due to encouraging new exposures of sulphide mineralization and prospective alteration and intrusive rocks, that and expanded surface sample program of hand-trenching and channel sampling has commenced at its 100%-owned Willoughby gold Property (“Property’”). Significant melting of alpine glaciers has occurred since the last significant exploration program over 20 years ago, particularly on the north and west sides of the Property. Willoughby is located near Stewart, BC in British Columbia’s prolific Golden Triangle, seven kilometres east of Ascot Resource’s advanced-stage Red Mountain Gold Project.

StrikePoint is currently drilling the Property; at the time of this release, six holes for 800m completed at the high-grade North Zone. 194 core samples from the initial two drill holes have been shipped for ‘rush’ analysis, as well an initial batch of 47 surface samples.

“New exposures of outcrop with strong pyrite and sphalerite mineralization, occurring as disseminated, stock, replacement and massive sulphide pods and veins is very encouraging to our technical team,” said StrikePoint CEO, Shawn Khunkhun. “The presence of copper and zinc sulphides correlates with high-grade precious metal values at the North Zone where we are currently drilling. Expanding our surface exploration program should allow for a quick turnaround of assays prior to the end of the field season in the autumn. These areas are located in much gentler terrain than the steep topography where we are currently drilling.”

Willoughby Project

Gold and silver mineralization at Willoughby are hosted within Jurassic volcanic and sedimentary rocks, associated with a ‘Goldslide Suite’ intrusive phase, similar to the adjacent Red Mountain Deposit.

The Project occurs along the eastern margin of the Cambria Icefield, approximately seven kilometres east of the advanced-staged Red Mountain Deposit that was recently acquired by Ascot Resources from IDM Mining and 20km northeast of StrikePoint’s Porter Silver Property. The Willoughby Property is underlain by Upper Triassic Stuhini rocks and Lower Jurassic Hazelton volcanic and sedimentary rocks that have been intruded by an early Jurassic-aged hornblende-feldspar porphyry, similar to and potentially comagmatic with the Goldslide Intrusive suite at Red Mountain. Intrusive-related mineralized zones consist of primarily pyrite with lesser pyrrhotite, sphalerite, galena, chalcopyrite, native gold and. Eight gold and silver mineralized zones have been identified to-date over a one-kilometer strike-length mineralization trend.

QA/QC and Qualified Person

Samples for the 2019 program are collected by experienced geologists and technicians, placed in sealed bags and shipped to SGS Labs in Burnaby, BC for sample preparation, gold and multi-element ICP analysis. A Quality Control/Quality Assurance program including the insertion of Standards and Blanks has been implemented. The 2019 Exploration Program is performed under the supervision of Marilyne Lacasse, P.Geo, Qualified Person as defined by National Instrument 43-101. Ms. Lacasse has prepared and approved reviewed the technical data in this news release.

About StrikePoint

StrikePoint Gold is a gold exploration company focused on building high grade precious metals resources in Canada. The company controls two advanced stage exploration assets in BC’s Golden Triangle. The past producing high grade silver Porter Project and the high-grade gold property Willoughby, which is adjacent to Red Mountain. The company also owns portfolio of gold properties in the Yukon.

ON BEHALF OF THE BOARD OF DIRECTORS OF

STRIKEPOINT GOLD INC.

“Shawn Khunkhun”

Shawn Khunkhun

Chief Executive Officer and Director

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s filings with Canadian securities regulators. Such information contained herein represents management’s best judgment as of the date here of based on information currently available. The Company does not assume any obligation to update any forward-looking statements, save and except as may be required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact:

StrikePoint Gold Inc.

Shawn Khunkhun, CEO and Director

T: (604) 602-1440

E: sk@strikepointgold.com

W: www.strikepointgold.com

Vancouver, British Columbia — July 31 2019 StrikePoint Gold Inc. (“StrikePoint” or the “Company”) (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce  the commencement of its Phase I drilling program of 1,000 metres at the North zone on their 100%-owned Willoughby property located near Stewart BC in British Columbia’s prolific Golden Triangle, seven kilometres east of Ascot Resource’s advanced-stage Red Mountain Gold Project.

The objective of the Phase I program is to expand and test the North Zone, following up and stepping out from multiple high-grade historic intercepts. Previous explorers, which included limited underground drifting and drilling was locally focused, dominantly within only 50 meters of surface, with holes oriented towards the east.  New mineralized exposure from melting alpine glaciers, coupled with an improved understanding of the structural geological setting has helped refine the drill plan, including westerly oriented drill holes.

Gold and silver mineralization at Willoughby are hosted within Jurassic volcanic and sedimentary rocks, associated with a ‘Goldslide Suite’ intrusive phase, similar to the adjacent Red Mountain Deposit.

Select highlights from the North zone historical drill hole intercepts include the following:

• 89-06: 53.21 g/t Au and 211.09 g/t Ag over 5.5 meters
• 94-15: 113.68 g/t Au and 121.77 g/t Ag over 3.0 meters
• 94-26: 20.08 g/t Au and 1,250.83 g/t Ag over 3.0 meters
• 95-36: 352.22 g/t Au and 194.64 g/t Ag over 2.9 meters
• U96-02: 120.30 g/t Au and 2,434.84 g/t Ag over 3.5 meters

StrikePoint CEO, Shawn Khunkhun, states “StrikePoint’s aggressive drill program at this high-grade gold-silver system is the first for 25 years.   Our goal is to confirm the tenor of mineralisation defined by previous work. And secondly to expand the footprint of these outcropping zones. Our geological team has extensive experience working in the Golden Triangle which will allow us to efficiently assess and grow this neglected gold-silver system.  Surface mapping and sampling programs are underway, with the rock samples shipped for assay.  We are excited that prospective rocks with strong sulphide mineralization has been identified in areas of recently melted glaciers. “

Private Placement

The Company announces, further to its press release dated July 22, 2019, that it has closed a further and final tranche of its oversubscribed private placement of flow through shares at $0.16 per share and non-flow through units at a price of $0.11 per unit. A total of 1,562,500 flow through shares and 2,100,000 non-flow through units were issued in this tranche for aggregate gross proceeds of $481,000 in addition to the $2,090,500 previously raised, for a total of $2,571,500 in gross proceeds.

Each non flow through unit comprised one non-flow through share and one share purchase warrant, with each warrant exercisable at a price of $0.20 for a period of 36 months from closing.

In connection with this tranche of the financing, finders’ fees of $36,280 in cash and 273,000 finders’ warrants were paid to Eventus Capital Corp.. and $1,925 cash and 17,500 to Haywood Securities Inc.

The use of proceeds from the financing are for surface exploration and core drilling at the high-grade Willoughby gold property, located east of Stewart, B.C., in the Golden Triangle, as well as for general working capital.

The securities issued in connection with this final tranche of the financing are subject to a regulatory hold period expiring on December 1, 2019

Willoughby Project

The Project occurs along the eastern margin of the Cambria Icefield, approximately seven kilometres east of the advanced-staged Red Mountain Deposit that was recently acquired by Ascot Resources from IDM Mining and 20km northeast of StrikePoint’s Porter Silver Property. The Willoughby Property is underlain by Upper Triassic Stuhini rocks and Lower Jurassic Hazelton volcanic and sedimentary rocks that have been intruded by an early Jurassic-aged hornblende-feldspar porphyry, similar to and potentially comagmatic with the Goldslide Intrusive suite at Red Mountain. Intrusive-related mineralized zones consist of primarily pyrite with lesser pyrrhotite, sphalerite, galena, chalcopyrite, native gold and. Eight gold and silver mineralized zones have been identified to-date over a one-kilometer strike-length mineralization trend.

Qualified Person

Marilyne Lacasse, P. Geo., is the Qualified Person as defined by National Instrument 43-101, has prepared and approved reviewed the technical data in this news release.

About StrikePoint

StrikePoint Gold is a gold exploration company focused on building high grade precious metals resources in Canada. The company controls two advanced stage exploration assets in BC’s Golden Triangle. The past producing high grade silver Porter Project and the high-grade gold property Willoughby, which is adjacent to Red Mountain. The company also owns portfolio of gold properties in the Yukon.

ON BEHALF OF THE BOARD OF DIRECTORS OF
STRIKEPOINT GOLD INC.

“Shawn Khunkhun”

Shawn Khunkhun
Chief Executive Officer and Director

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading “Risk Factors” and elsewhere in the Company’s filings with Canadian securities regulators. Such information contained herein represents management’s best judgment as of the date here of based on information currently available. The Company does not assume any obligation to update any forward-looking statements, save and except as may be required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For more information, please contact:
StrikePoint Gold Inc.
Shawn Khunkhun, CEO and Director
T: (604) 602-1440
E: sk@strikepointgold.com
W: www.strikepointgold.com