December 21, 2016, Vancouver, BC – StrikePoint Gold (TSX.V:SKP) (“StrikePoint” or the “Company”) is pleased to announce that it has entered into a non-binding letter of intent with IDM Mining Ltd. (TSX.V:IDM) (“IDM”) to purchase its extensive portfolio of properties located in the Yukon (“Properties”).

Terms of the Transaction:

The purchase price for the Properties will be $4,000,000 paid as follows: $150,000 in cash and $3,850,000 in common shares of the Company (the “Consideration Shares”) valued at $.385 per share (the valuation is based on a 20 day volume-weighted average). At $0.385 per share, the Company will issue 10,000,000 Consideration Shares to IDM. Upon execution of the definitive agreements, scheduled to be completed by January 12, 2017, the Company will pay to IDM a non-refundable cash deposit in the amount of $25,000 which will be credited against the cash portion of the purchase price at closing;
StrikePoint must incur $1,500,000 in exploration expenditures on the Yukon Properties by December 31, 2017. If the amount of qualified expenditures incurred by StrikePoint by December 31, 2017 is less than $1,500,000, then StrikePoint shall pay the resulting deficiency to IDM in cash.

If StrikePoint issues warrants or similar convertibles securities in one or more financings in 2017, StrikePoint will issue to IDM concurrently with the closing of each such financing a warrant having the same terms that entitles IDM to acquire 28.167% of the equity securities that may be acquired by the holders of all such warrants issued in each such financing (including IDM).
StrikePoint will appoint two of IDM’s designated representatives to its Board of Directors at closing. IDM will be entitled to nominate two individuals for appointment or election as directors of StrikePoint for so long as StrikePoint owns any of the Properties.

As long as IDM holds at least 9.9% of the common shares of the Company on a non-diluted basis, it will have the right participate in future equity financings by the Company on a pro rata basis to its non-diluted shareholding immediately prior to any such financing, by electing, within 10 business days of receiving notice of the particulars of the applicable financing, to acquire up to its pro-rata allocation.

IDM will have a right of first refusal over any proposed disposition of all or any part of the Properties during the two year period following closing.

The Transaction will result in the creation of a new control block position to be held by IDM and as such, regulatory and shareholder approval will be required. Closing of the transaction is anticipated to occur on or before February 28, 2017.

CEO, Shawn Khunkhun stated, ‘StrikePoint is very enthusiastic about the acquisition of the Yukon portfolio from IDM, the properties have seen $25 million in exploration expenditures. Equally important, the significant exploration success in the Yukon by IDM’s CEO Rob McLeod who led the discovery team of Underworld Resources which was ultimately acquired by Kinross for $138M.’

Yukon Properties

The Yukon portfolio consists of 14,078 claims covering 27 properties in 49 claim groups totaling 282,000 hectares (the “Properties”). The Properties cover multiple tectonic and metallogenic environments as well as a variety of mineral deposit styles common in Yukon. The Properties were previously held by Ryan Gold Corp. (“Ryan Gold”) and its subsidiaries, and received significant exploration work, with approximately $25 million (as disclosed in Ryan Gold’s 2014 year end MD&A) in expenditures incurred. The Properties have limited holding costs. Previous work by Ryan Gold included significant exploration drill programs on two of the Properties, with tens of thousands of rock and soil samples collected during grass-roots exploration programs in several districts throughout Yukon. Additionally, geophysical surveys and geologic mapping programs have outlined many anomalous areas that have not received follow-up work.

Maps, photos and descriptions of the extensive portfolio are available on the company’s website

Andy Randell, PGeo, of SGDS Hive, has acted as the qualified person under National Instrument 43-101 and has reviewed and approved the content of this news release.

Shawn Khunkhun
CEO and Director

For more information, contact:
Shawn Khunkhun


VANCOUVER, BRITISH COLUMBIA—(April 27, 2016) – StrikePoint Gold Inc. (the “Company” or “StrikePoint”) (TSX VENTURE: SKP) is pleased to announce that, further to its news release dated April 15, 2016, it has closed a non-brokered private placement raising gross proceeds of $1,020,000 through the issuance of 10,200,000 shares at a price of $0.10 per share. All shares issued pursuant to the private placement are subject to a hold period expiring on August 28, 2016. No finder’s fees were paid in conjunction with the private placement.

Proceeds from the private placement will be used for general working capital and exploration purposes.

Additionally, the Company announces the grant of 1,200,000 incentive stock options to its directors, officers, consultants and/or employees pursuant to the Company’s stock option plan. The options are exercisable for a period of five years at a price of $0.15 per share. The stock option grant is subject to regulatory approval.
On Behalf of the Board of Directors of Strike Point Gold Inc.

Shawn Khunkhun,
President and CEO
Tel: (604) 602 1440

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.


VANCOUVER, BRITISH COLUMBIA—(February 2, 2016) – Strike Point Gold Inc. (the “Company” or “StrikePoint”) (TSX VENTURE:SKP) is pleased to announce the first phase of drilling at the Lobstick Gold Property near Sioux Narrows, Ontario is now completed with the assay results.  The property is located in the developing Wabigoon Subprovince of the Superior Province.

The first phase of drilling has been successful in delineating broad zones of gold mineralization consistent with similar low-grade, bulk tonnage type deposits currently being developed in the Superior Province.  This program was successful despite Strikepoint Gold’s limited amount of drilling performed on the property.  A total of only 1,040 meters were completed between 3 drillholes.

Highlights within these broad zones of mineralization:

LB15-01:  35.0 m of 0.68 g/t Au (includes 15.3 m of 1.25 g/t Au).
LB15-02:  38.0 m of 0.87 g/t Au (includes 18.0 m of 1.54 g/t Au).

32.2 m of 0.39 g/t Au
21.5 m of 0.24 g/t Au

LB15-03:  95.0 m of 0.44 g/t Au (includes 30.0 m of 0.82 g/t Au)

What is unique about these mineralized intersections is the grade consistency and continuity. Mineralization seems to be distributed within a series of 3 distinct zones (as displayed in LB15-02), with some overlapping of these zones along strike.  LB15-01 is lacking more significant thickness than the other holes partly because the hole wasn’t extended far enough.

Similar mineralized intersections are currently being developed at various deposits in the Superior Province.  Within these mineralized systems, eventually higher grade zones are discovered in these broad mineralized envelopes, which is the catalyst for economic development. “Now that we know more precisely what the geophysics is revealing to us, we can target more appropriately moving forward in conjunction with the newly acquired geochemistry,” stated John Florek, Project Manager and Technical Advisor for Strikepoint Gold.

Of significance, 300 meters of strike length was delineated, so-far, during the drilling of these three holes, which was defined at various levels of elevation within the mineralized shear zone.  We expect this strike length to continue growing.  This suggests the potential for significant tonnage as we continue to build the narrative.

We are located only 80km by road from New Gold’s Black Hawk Mine.


The mineralization is hosted in rhyolite to dacite volcanoclastics.  It is geochemically enriched in potassium and depleted in sodium; showing strong sericitic alteration.  Gold endowment has a strong association of fluorite and pyrite, which suggests an affinity towards a low sulphidation epithermal-style system.  Outside the regions of fluorite mineralization, gold values seem to diminish.  Despite a direct correlation between the amount of fluorite and gold, there is clear correlation of anomalous zinc (sphalerite) associated with increased gold grades in fluorite enriched areas.

At New Gold’s Rainy River Project, the most abundant gold mineralization is associated with zinc (sphalerite), and is hosted in similar rock types.  This association needs further understanding at Lobstick.The underexplored Wabigoon Subprovince is attracting attention, specifically with the development of New Gold’s Rainy River Project.

The company’s website displays several figures related to the project for observation.

Additional information can be viewed at the Company’s website

On Behalf of the Board of Directors of Strike Point Gold Inc.

Shawn Khunkhun, President, CEO