Category

Corporate

STRIKEPOINT GOLD INC. BEGINS TRADING ON THE OTC MARKET

By | 2017, Corporate, News

May 31, 2017, Vancouver, BC –StrikePoint Gold Inc. (TSX.V:SKP) (OTCQB:STKXF) (“StrikePoint” or the Company) is pleased to announce the company’s common shares have commenced trading on the OTCQB Market, under the symbol STKXF. StrikePoint will continue to trade on the TSX Venture Exchange under the symbol SKP.

OTC Markets Group Inc., located in New York, N.Y., operates the world’s largest electronic interdealer quotation system for broker-dealers to trade over 10,000 securities not listed on any other United States stock exchange. It is organized into three tiers varying but not limited to level of disclosure and share price: OTCQX, OTCQB and Pink Sheets.

“As a result of increased investor interest, we have chosen to have StrikePoint’s shares traded on OTCQB, giving us greater exposure and accessibility to our growing U.S. and global shareholder base,” said StrikePoint’s CEO, Shawn Khunkhun. “StrikePoint is excited to broaden its shareholder base further through the OTCQB platform.”

OTCQB provides StrikePoint with exposure to both institutional and retail investors through major on-line and full-service brokerage firms. Trades are settled and cleared in the United States similar to any Nasdaq Stock Market or New York Stock Exchange stock, and trade reports are disseminated through major financial data providers. U.S. investors can find current financial disclosure and real-time level 2 quotes for StrikePoint on the OTCQB website.

About StrikePoint Gold

StrikePoint is a Canadian focused gold exploration and development company and has recently purchased a portfolio of 22 properties located in the Yukon. The properties were previously held by Ryan Gold Corp., who spent over $25 million on exploration between 2010 and 2014. The acquisition comes with an extensive database of soil and rock samples, geophysics, geological mapping and drilling results. Several properties are ‘drill ready’ targets, while the others are in advanced stages of exploration. Subsequently, StrikePoint has raised $8M with strategic institutional investors to advance the Yukon properties.

ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.

Shawn Khunkhun
CEO and Director

For more information, contact:

Shawn Khunkhun

604-602-1440

sk@strikepointgold.com

STRIKEPOINT GOLD INC. ANNOUNCES APPOINTMENT OF ADRIAN FLEMING TO BOARD OF DIRECTORS

By | 2017, Corporate, News

May 16, 2017, Vancouver, BC –StrikePoint Gold Inc. (TSX.V:SKP) (“StrikePoint” or the Company) is pleased to announce the appointment of Adrian Fleming to the Company’s board of directors.

Adrian Fleming is a professional geologist with over 40 years of technical and executive experience with exploration and development stage mining companies. He was the co-founder and president of Underworld Resources from 2006-2010. In 2007, Mr. Fleming, together with colleague Rob McLeod, acquired a Shawn Ryan project with interesting soil geochemistry results.  Mr Fleming led the team which made the discovery and defined the maiden resource of the million-ounce White Gold deposit, located in the White Gold district, Yukon. The project was subsequently acquired by Kinross in 2010 for $138M.

Mr. Fleming was also involved with gold discoveries and/or developments at Porgera in PNG, Big Bell in Western Australia, Gross Rosebel in Suriname and Hope Bay in Nunavut.

Shawn Khunkhun, Chief Executive Officer, states: “Adrian’s vast experience in identifying and prioritizing drill targets has directly led to major gold discoveries throughout the world, including the Yukon. This skill set along with Mr. Fleming’s passion and mentoring of the next generation of economic geologists make him a corner stone component of our strengthening team.”

The board of directors would also like to thank Rowland Perkins for his service and role with StrikePoint as a director and wish him success in future endeavors as he will be stepping down from the board.

ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.

Shawn Khunkhun
CEO and Director

For more information, contact:

Shawn Khunkhun

604-602-1440

sk@strikepointgold.com

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STRIKEPOINT GOLD INC. CLOSES $5 MILLION PRIVATE PLACEMENT AND WELCOMES ERIC SPROTT AS SHAREHOLDER

By | 2017, Corporate, News

May 3, 2017, Vancouver, BC –StrikePoint Gold Inc. (TSX.V:SKP) (“StrikePoint” or the Company) is pleased to welcome Eric Sprott as a +10% shareholder and announce that it has closed on its $5-million non-brokered private placement (the “Financing”) as previously announced on April 18, 2017.

Shawn Khunkhun, CEO of StrikePoint remarked, “We are very pleased to have Eric Sprott and other large, strategic institutional investors participate in this financing. After closing $3 Million on April 4, 2017, this additional $5 Million private placement has allowed the expansion of this year’s drill program.”

The Financing consisted of 13,157,000 flow-through units (“FT Unit”) at an issuance price of 38 cents per FT Unit for total proceeds of $5-million. Each FT Unit consists of one flow-through common share and one-half non flow-through share purchase warrant (each whole warrant a “Warrant”) with each Warrant being exercisable at a price of 50 cents for a period of two years from closing.  The FT Units are subject to a hold period expiring on September 3, 2017.

In connection with the Financing, finder’s fees of $280,763 cash ($771.40 as to Leede Jones Gable Inc., $6,995.80 as to PI Financial Corp., and $272,995.80 as to Medalist Capital Ltd.) and 738,850 finder’s warrants (2,030 warrants as to Leede Jones Gable Inc., 18,410 warrants as PI Financial Corp. and 718,410 warrants as to Medalist Capital Ltd.) were paid.  The finder’s warrants will have an exercise term of two years from issuance with an exercise price of 38 cents and be subject to a hold period expiring on September 3, 2017.

The proceeds from the issuance of the FT Units will be used to incur Canadian exploration expenses on the company’s gold projects located in the Yukon Territory.

As a result of the Financing, Eric Sprott, through 2176423 Ontario Ltd., a corporation which is beneficially owned by him, acquired 6,842,000 common shares and 3,421,000 Warrants for total consideration of $1,999,916.60 representing approximately 11.6% of the issued and outstanding common shares of the Company on a non-diluted basis and 16.4% on a partially diluted basis. The above percentages are calculated based on 59,203,837 common shares issued and outstanding after giving effect to the Financing. Prior to the Financing, Mr. Sprott did not directly or indirectly own any securities of the Company.

The common shares and Warrants were acquired by Mr. Sprott, through 2176423 Ontario Ltd. for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities of the Company either on the open market or through private acquisitions or sell securities of the Company either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors. A copy of 2176423 Ontario Ltd.’s early warning report will appear on the Company’s profile on SEDAR and may also be obtained by calling (416) 362-7172 (200 Bay Street, Suite 2600, Royal Bank Plaza, South Tower, Toronto, Ontario M5J 2J2).

The private placement is subject to approval of the TSX Venture Exchange.

ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.

Shawn Khunkhun
CEO and Director

For more information, contact:

Shawn Khunkhun

604-602-1440

sk@strikepointgold.com

NeithertheTSXVentureExchangenor itsRegulationServicesProvider(asthattermisdefinedinthepoliciesof theTSXVentureExchange)acceptsresponsibilityfortheadequacyor accuracyofthisrelease.

STRIKEPOINT GOLD INC. ANNOUNCES APPOINTMENT OF MICHAEL MCPHIE TO BOARD OF DIRECTORS

By | 2017, Corporate, News

Strikepoint Gold Inc. has appointed Michael McPhie its board of directors. Shawn Khunkhun, chief executive officer, stated: “It is with great enthusiasm that I welcome Michael McPhie to the board of directors of Strikepoint Gold. Mr. McPhie epitomizes the consummate mining executive, making our team much stronger and validating our advancement in the Yukon.”

Michael McPhie

In a career spanning more than 20 years, Mr. McPhie has worked throughout Canada and globally as an executive in the mining and minerals industry, and is a specialist in regulatory and permitting issues and project development and financing. In addition to serving as executive chairman of IDM Mining Ltd., a company he founded with his partner Rob McLeod, who serves as CEO, Mr. McPhie is the founder and CEO of Falkirk Resource Consultants Ltd. and managing director of JDS Gold Ltd.

Mr. McPhie was CEO of Curis Resources Ltd., a copper development company that was taken over in 2014. He also served as a director and executive vice-president of Exeter Resource Corporation, CEO of the Mining Association of British Columbia (MABC) and a policy director with Canada’s Department of Natural Resources. Mr. McPhie is the recent past chair of the board of the Association for Mineral Exploration B.C. (AMEBC) and the British Columbia Institute of Technology (BCIT), and a current board member of the MABC.

Mr. McPhie earned a Bachelor of Science degree from Simon Fraser University, a Masters of Science degree from Royal Roads University and is a registered Qualified Environmental Professional (QEP). He is a strong advocate for responsible development, sustainability and good practice in the mining business globally.

STRIKEPOINT GOLD INC. NAMES ANDY RANDELL VICE PRESIDENT OF EXPLORATION AND WELCOMES THE ‘HIVE’ TEAM TO EXECUTE SUMMER EXPLORATION PROGRAM

By | 2017, Corporate, News

April 27th, 2017, Vancouver, BC –StrikePoint Gold Inc. (TSX.V:SKP) (“StrikePoint” or the Company) Shawn Khunkhun, CEO of StrikePoint, stated: “The appointment of Andy Randell as Vice President of Exploration enables a strong move forward for the Strikepoint inaugural work program in the Yukon. Randell and the company share the same vision in the development of our Yukon portfolio. State of the art technology, driven by the passion for discovery, Andy’s work ethic, adherence to strict environmental codes, and his innate respect for the local First Nations, as well as his past involvement with Ryan Gold Corp. and Victoria Gold Corp. in the Yukon, we are privileged to have him lead our charge in May.”

Andy Randell is a Vancouver based geologist with nearly 20 years of experience from Europe, South and North America across a variety of commodities. He founded his own consultancy, Strata GeoData Services in 2014, and then launched the ‘Hive’ initiative shortly afterwards, whereby graduate geologists are given the opportunity to work and be mentored on real geological projects. He was subsequently recognised by the Canadian Institute of Mining in 2016 when he was awarded the Bedford Young Mining Leaders Award for the Hive concept. In January 2017, Andy was elected onto the Board of Directors for the Association for Mineral Exploration (AME) for a three-year term. He also sits on the Mentoring Committee with the Association of Professional Engineers and Geoscientists BC (APEGBC), is on the CIM Geological Society committee and is President of the Below BC Geological Association, a public facing geological education non-profit society.

Andy earned his Bachelor of Science degree from the University of Wales, Cardiff (UK) and is a registered professional geoscientist (PGeo.) with APEGBC. He is a strong advocate of the exploration industry with a focus on sustainability, education and succession planning.

Andy is extremely familiar with Strikepoint’s Yukon portfolio of properties owing to his previous position as Chief Geologist for Ryan Gold Corp. where he oversaw the major sampling, mapping and drilling programs of 2011 to 2013. Prior to this, Andy was a Project Geologist for Victoria Gold Corp. on their Eagle Gold Project. He has had extensive interaction with local Government and First Nations, and as such is enabling Strikepoint to get a rapid start to the 2017 field season.

We are also pleased to announce that Hive has dedicated geologist Scott Dorion to the Yukon projects. Scott is a graduate of the University of Alberta and has worked across Canada and Australia on gold and copper focussed projects. Most recently Scott was the Project Geologist for Ryan Gold Corp. and so has first hand knowledge of the properties in the portfolio. He was also a geologist with Victoria Gold on their Eagle Project site.

ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.

Shawn Khunkhun
CEO and Director

For more information, contact:

Shawn Khunkhun

604-602-1440

sk@strikepointgold.com

NeithertheTSXVentureExchangenor itsRegulationServicesProvider(asthattermisdefinedinthepoliciesof theTSXVentureExchange)acceptsresponsibilityfortheadequacyor accuracyofthisrelease.

STRIKEPOINT GOLD INC. ANNOUNCES SALE OF BLACK RAVEN

By | 2017, Corporate, News

April 24, 2017, Vancouver, BC –StrikePoint Gold Inc. (TSX.V:SKP) (“StrikePoint” or the Company) is pleased to announce that it has entered into an agreement to sell The Black Raven Property located in Northwestern Ontario to the  Canadian Orebodies Inc. (TSX.V:CORE).

Under the terms of the agreement, the purchase price for the Black Raven Property will be $615,000, paid as follows: 1,250,000 shares of Canadian Orebodies valued at a price of 48 cents per share, including 250,000 warrants good for 1 year, exercisable at 63 cents per share and $15,000 in cash.

“StrikePoint is looking forward to being an equity holder of Canadian Orebodies as it advances its Hemlo focused property portfolio in 2017.” Said Shawn Khunkhun, CEO of StrikePoint Gold. “This transaction allows our company to focus on advancing our newly acquired extensive Yukon Portfolio.”

StrikePoint is fully financed and is set to commence the spring exploration season beginning May 15, 2017. Specific details of the upcoming drilling campaign will soon be released as the company has recently increased the 2017 exploration budget.

In relation to the transaction, the company will issue a finders fee of 61,555 common shares to Caravan Ventures.

This transaction is subject to the approval of the TSX Venture Exchange.

ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.

Shawn Khunkhun
CEO and Director

For more information, contact:

Shawn Khunkhun

604-602-1440

sk@strikepointgold.com

NeithertheTSXVentureExchangenor itsRegulationServicesProvider(asthattermisdefinedinthepoliciesof theTSXVentureExchange)acceptsresponsibilityfortheadequacyor accuracyofthisrelease.

STRIKEPOINT GOLD INC. ANNOUNCES $4.68 MILLION PRIVATE PLACEMENT

By | 2017, Corporate, News

April 18, 2017, Vancouver, BC –StrikePoint Gold Inc. (TSX.V:SKP) (“StrikePoint” or the Company) is pleased to announce that is has arranged a $4,686,000 non-brokered private placement consisting of 12,331,578 Flow-Through Units (the “FT Units”) at an issuance price of $0.38 per FT Share.  Each FT Unit will consist of one flow through common share and one half non-flow through share purchase warrant with each full warrant being exercisable at a price of $0.50 for a period of two years from closing.

It is anticipated that a 7% finder’s fee, payable in cash and warrants will be paid in connection with the financing to Medalist Capital.

The proceeds of the financing will be used to incur Canadian exploration expenses on the Company’s gold projects located in the Yukon Territory.

It is anticipated that the closing of the $4,686,000 FT Units will be on or before May 2, 2017.

The private placement is subject to approval of the TSX Venture Exchange.

ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.

Shawn Khunkhun
CEO and Director

For more information, contact:

Shawn Khunkhun

604-602-1440

sk@strikepointgold.com

Neither th eTSX 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.

STRIKEPOINT GOLD INC. CLOSES $3 MILLION PRIVATE PLACEMENT

By | 2017, Corporate, News

April 4, 2017, Vancouver, BC –StrikePoint Gold Inc. (TSX.V:SKP) (“StrikePoint” or the Company) is pleased to announce that is has closed on its $3,000,000 non-brokered private placement as previously announced on March 23, 2017.

The private placement consisted of 6,779,664 Flow-Through Shares (the “FT Shares”) at an issuance price of $0.295 per FT Share for total proceeds of $2,000,000 and 3,524,490 Non-Flow Through Units (the “NFT Units”) at a price of $0.295 per NFT Unit for total proceed of $1,039,724.55.  Each NFT Unit consists of one non-flow through common share and one non-flow through share purchase warrant with each warrant being exercisable at a price of $0.50 for a period of two years from closing.

The FT Shares are subject to a hold period expiring on July 24, 2017 and Finder’s fees of $140,000 cash and 474,576 finder’s warrants have been paid to Medalist Capital Ltd. in connection with this closing.  The finder’s warrants will have an exercise term of two years from issuance with an exercise price of $0.295 and be subject to a holder period expiring on July 24, 2017.

The NFT Units are subject to a hold period expiring on August 4, 2017 and Finder’s fees of $22,012.90 cash and 74,620 finder’s warrants have been paid to Medalist Capital Ltd. and $43,860 cash and 148,714 warrants have been paid to Caravan Ventures Ltd. in connection with the closing of the NFT Units.  The finder’s warrants will have an exercise term of two years from issuance with an exercise price of $0.295 and be subject to a holder period expiring on August 4, 2017.

The proceeds from the issuance of the FT Shares will be used to incur Canadian exploration expenses on the Company’s gold projects located in the Yukon Territory, and the proceeds from the NFT Units will be used by the Company for general working capital.

ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.

Shawn Khunkhun
CEO and Director

For more information, contact:
Shawn Khunkhun
604-602-1440
sk@strikepointgold.com

NeithertheTSXVentureExchangenor itsRegulationServicesProvider(asthattermisdefinedinthepoliciesof theTSXVentureExchange)acceptsresponsibilityfortheadequacyor accuracyofthisrelease.

STRIKEPOINT GOLD 2017 UPDATE: EXPLORATION TARGETS FINALIZED FOR RECENTLY ACQUIRED YUKON PROPERTIES

By | 2017, Corporate, Golden Oly, Mahtin, News, Pluto

March 31, 2017, Vancouver, BC –Strikepoint Gold Inc. (TSX.V:SKP) (“Strikepoint” or the Company) is pleased to announce exploration targeting for the recently acquired Yukon Portfolio.

This package was acquired from IDM Mining (TSX.V:IDM) through: a Letter of Intent on December 21st, 2016; signed into Definitive Agreement on January 19th, 2017; and Completed Purchase Agreement on March 28th, 2017.

Strikepoint Gold purchased the properties from IDM Mining for $4,200,000 through a combination of $150,000 in cash and 10,500,000 shares. The Company is required to spend $1,500,000 on exploration expenditures during the 2017 season.

The company filed a NI 43-101 Technical Report on the Mahtin Property, Yukon on March 15th, 2017 and announced a $3,000,000 non-brokered private placement, concurrently closed $2,000,000 on March 23rd, 2017.

Our Opportunity

Three drill-ready properties have been selected based on exploration history, anomalous surface gold showings, and current understanding of the geological settings. Each target property is 100% owned by Strikepoint Gold Inc., and were formerly held by Ryan Gold Corporation who completed over $25,000,000 in exploration expenditures across the Yukon portfolio, which is a land package comprising of 14,031 claims defining 22 properties over 282,000 hectares.

Strikepoint is planning a ‘surgical’ exploration program for 2017, spending a minimum of $2 million on selected targets within the portfolio. The work will be focused on proving geological concepts highlighted in the extensive historical exploration work, and advancing them from anomalous regions to well defined targets and new discoveries.

Pluto

The Pluto property is in the Kluane region, and is one of the largest in this portfolio, approximately 40 x 30km in size. Pluto sits relatively close to the latest discoveries in the White Gold district, and is aligned along strike with this group of projects including; GoldCorp’s Coffee Project, which was acquired from Kaminak for $520M and Kinross’s White Gold Project, which was acquired from Underworld for $140M. Initial analysis of the geology seems to show a unique mineralizing system for the area; the formation of skarns in contact with large, regional ‘ring’ dyke volcanic features.

The presence of a shallowly dipping limestone unit in the local lithology has become a focus for mineralization when intercepted by dykes of rhyolitic / dacitic material. The skarns subsequently produce anomalous gold-in-soil results where they outcrop in the sides of the valleys, which indicates that there is volume potential of the mineralization, an hypothesis that will be drill tested in 2017.

Other information about the Pluto Property:

  • Highest gold-in-soil assay from the entire Yukon portfolio database at 15.43g/t Au;
  • 15,908 soils taken to date on property;
  • Grab samples returning grades upwards of 7.11 g/t Au;
  • Relatively unexplored region of the Yukon-Tanana Terrane, south of Goldcorp’s recently acquired Kaminak Coffee Project and 45 kilometers southwest of Rockhaven Resource’s Klaza project.

Mahtin

The Mahtin Property is synonymous in geological setting and mineralization style as Victoria Gold’s Eagle Gold Project, 40km away to the northeast. The model defining Eagle, an intrusion-related gold system, is characterized by mineralization focused in 070-trending/vertically-dipping sheeted quartz veins. Mineralized sheeted quartz veins are found on the Mahtin Property’s two intrusive stocks: Sprague Creek (3.6 x 1.5km) and Bos (4 x 1.1km) stocks.

A summary of the Mahtin Property includes:

  • Grab samples up to 15.01 g/t Au on the property;
  • 18,406 soils taken on property between 2010 and 2012;
  • Detailed 1:10,000 scale geological mapping across the main targets;
  • Radiometric, electromagnetic and magnetic airborne geophysical surveys;
  • Two untested intrusion-related gold hosted targets on the property;
    • Mineralized sheeted quartz veins returning grades upwards of 3.37g/t Au in grabs;
    • A possible third geochemical target is evolving in the south-western portion of the property that could be an additional intrusion related gold system.
  • Distances to surrounding projects which use the intrusion-related gold system model;
    • Immediately bordering AM Gold’s Red Mountain;
    • 5km east of Victoria Gold’s Clear Creek;
    • 50km west Golden Predator’s Brewery Creek;
    • 40km to the southwest of Victoria Gold’s Dublin Gulch

Golden-Oly 

Golden-Oly is another large assemblage of claims, measuring 40 x 25km in size. It lays along the North Canol Road and is close to the border with the North West Territories. Traditionally this area has been explored with a focus more on tungsten and zinc, but from the work undertaken across the project, there are several gold targets.

Airborne geophysics flown in 2012 highlighted six individual anomalies that correspond topographic highs in the field. Some of these are partially exposed cores of granodioritic intrusions, while others exhibit hornfelsing around buried plutons. This area is along the southern edge of the Selwyn Basin, and these plutons seem to be synonymous with the intrusion related gold systems we see at Mahtin (in the north of the Selwyn Basin). Soil sampling across these anomalies has further highlighted the anomalous gold-in-soil results, as well as having a geochemical fingerprint (Au-As-Bi) that is a known marker for these types of deposits.

Drilling in 2017 is designed to target one of these anomalies (the ‘Nuke’ intrusive) to further enforce the model, to assess grade potential, and as ‘proof of concept’ for the other five targets on the property.

The Golden-Oly Property:

  • Located near the historic ‘SEDEX’ discovery Tom-Jason Pb-Zn region of the Yukon Territory;
    • Surrounded by Selwyn Chihong Mining Ltd.’s Selwyn Project, Overland Resource’s Andrew Project and Constantine-Carlin Gold’s JV Yukon Au projects
  • Neighboring PDM property (100% Strikepoint owner) has another target that is synonymous with those seen at Golden-Oly.
  • Sheeted polymetallic veins returning grades up to 19.5g/t Au and >100 g/t Ag on Nug prospect;
  • Extensive anomalous gold-in-soils between 20ppb to 50ppb Au across the entire property that could be indicative of other deposit types on the property.

The Yukon Territory has reemerged as a world-class exploration district with recent discoveries and acquisitions in 2016, including: Golden Predator’s 3 Aces discovery, Goldcorp’s $520,000,000 purchase of Kaminak Gold’s Coffee project and Agnico-Eagle’s ongoing investment into the White Gold district. The Strikepoint Gold portfolio holds properties in these emerging and known gold districts representing several geological domains and potential for commodities beyond just gold.

For further information, please review the Corporate Presentation the Strikepoint Gold Inc. website for a more detailed, comprehensive review of the 2017 exploration program: http://www.strikepointgold.com/images/Yukon-Properties-Presentation.pdf

ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.

Shawn Khunkhun
CEO and Director

For more information, contact:

Shawn Khunkhun

604-602-1440

sk@strikepointgold.com

NeithertheTSXVentureExchangenor itsRegulationServicesProvider(asthattermisdefinedinthepoliciesof theTSXVentureExchange)acceptsresponsibilityfortheadequacyor accuracyofthisrelease.

STRIKEPOINT COMPLETES PURCHASE OF YUKON PORTFOLIO FROM IDM MINING

By | 2017, Corporate, News

March 28, 2017, Vancouver, BC – StrikePoint Gold (TSX.V:SKP) (“StrikePoint” or the Company) is pleased to announce that it has completed the purchase of an extensive portfolio of properties located in the Yukon from IDM Mining Ltd. (TSX.V:IDM) (“IDM”).

Terms of the Transaction:

StrikePoint has issued 10.5 million common shares and paid $150,000 in cash to IDM.
StrikePoint must incur $1,500,000 in exploration expenditures on the Yukon Properties by December 31, 2017.
IDM has the right to appoint two representatives to the StrikePoint board of directors. IDM has the first right of refusal over any proposed disposition of the Yukon Properties and has been granted certain anti-dilution rights.

Yukon Properties

The Yukon portfolio consists of 14,031 claims covering 22 properties 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 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 www.strikepointgold.com

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.

ON BEHALF OF THE BOARD of STRIKEPOINT GOLD
Shawn Khunkhun
CEO and Director

For more information, contact:
Shawn Khunkhun
604-602-1440
sk@strikepointgold.com