News

Vancouver, B.C. June 13, 2019 – StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) (the “Company” or “StrikePoint”) is pleased to announce the creation of a technical advisory committee to assist and provide technical guidance to the StrikePoint management team regarding all aspects of exploration and development of StrikePoint properties. StrikePoint welcomes Rob McLeod and Ryan Weymark as founding members of the Advisory Committee. They collectively bring to the Company a wealth of experience in various aspects of exploration and project development.

“As StrikePoint executes a strategy of building high grade gold and silver resources in the Stewart township, in the southern portion of B.C.’s golden triangle, this strong advisory team will add more depth to our management team as StrikePoint developments our advanced stage exploration assets. We are very fortunate to be in a position to leverage the knowledge and recent discovery and development success this team has experienced at Red Mountain which neighbors StrikePoint’s Willoughby and Porter Properties.”

Bios of the Technical Advisory Committee Members:

Rob McLeod

Mr. McLeod is a professional geoscientist with over twenty-five years’ experience in mining and mineral exploration, working for a variety of major and junior mining companies. He was most recently President and CEO of IDM Mining Ltd., that recently combined with Ascot Resources Ltd. (“Ascot”).  He is a third-generation miner. Born and raised in Stewart B.C., he has significant exploration and development experience, particularly at the Red Mountain Project which hosts similar geology to both the Willoughby and Porter properties of Strikepoint. Previously, he was founder and VP Exploration of Underworld Resources. Kinross Gold Corporation acquired Underworld for $140M after an initial resource estimate of over 1.4Moz gold at the White gold Deposit in the Yukon. He is a highly technical, creative and innovative exploration geologist. He was also VP Exploration and CEO of Full Metal Minerals Ltd., an Alaska-focused exploration company with numerous discoveries to his credit. Mr. McLeod’s exploration strategy is a multi-tiered approach, including: conceptual geologic ideas with prospecting, early-stage project advancement focusing on discovery, and advancing mid-stage projects towards feasibility. As an exploration geologist and project manager at Miramar’s Hope Bay project, Mr. McLeod was part of the team that discovered the Naartok deposit, as well as expanding and delineating the Boston and Doris deposits. He was previously Vice-President of Exploration for Atna Resources and is currently an independent director of Gold Standard Ventures.  He is a graduate of Geology from the University of British Columbia, with a M.Sc. in Mineral Exploration from Queens University.  He is an active volunteer in the mining industry, as Vice-Chair of AME-BC, and as a director of the Britannia Mine Museum.

Ryan Weymark

Ryan Weymark, P. Eng. is an energetic Professional Engineer (P. Eng.) with experience in mining, heavy civil and infrastructure projects. Ryan has experience working on projects as a consultant, contractor and owner’s representative at various stages, from pre-feasibility through to completion. Mr. Weymark is the Principal of Weymark Consulting, providing project management services to the resource sector, including Teck Alaska Corporation and Imperial Metals.

Ryan worked for IDM Mining as Vice President – Project Development, until the acquisition by Ascot in March 2019.  Prior to joining IDM Mining, Mr. Weymark was a Project Manager with Ledcor Contractors Ltd. in the Heavy Civil and Mining Division. Prior to Ledcor, Ryan worked for Teck Resources Ltd. in various project and operational roles, including Mine Construction Project Manager for the Line Creek Phase II Expansion Project and Project Engineer for the Quintette Coal Operations Project. Prior to Teck, Mr. Weymark worked for SNC-Lavalin Inc. in the Mining & Metallurgy Division on various feasibility and pre-feasibility studies. Mr. Weymark holds a B.A.Sc from the University of British Columbia in Mining and Mineral Processing and is a registered Professional Engineer with the Association of Professional Engineers and Geoscientists of British Columbia.

The company is announcing the grant of 1,700,000 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 $0.20 per share.

The Company also announces that it will be amending 2,050,000 existing stock options from an exercise price of $0.43 per share and the exercise price of 500,000 existing stock options from an exercise price of $0.30 per share to an exercise price of $0.20 per share.

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

Shawn Khunkhun,

CEO and Director

Tel:  (604) 602 1440

Email:  sk@strikepointgold.com

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, B.C. June 3, 2019— StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB)  (“StrikePoint” or the “Company”) is pleased to announce that it has appointed Carol Li, Chief Financial Officer of Ascot Resources Ltd. (TSX.V: AOT, OTCQX:AOTVF)  (“Ascot”) to its Board of Directors.  As part of the IDM Mining acquisition, Ascot has now become a significant shareholder of StrikePoint.  Ascot’s CEO Derek White commented “Ascot is excited to become a large shareholder of StrikePoint and is supportive of the exploration activities that StrikePoint is planning to undertake in 2019 near Ascot’s properties in the southern part of the Golden Triangle. I have worked with Ms. Li since 2004, when we first started Quadra mining. I believe her extensive financial experience will be a valuable addition to the StrikePoint board.”

Ms. Li is a Canadian Chartered Professional Accountant (CPA) with over 20 years of financial and executive experience. Ms. Li spent eight years at Quadra Mining/Quadra FNX as Corporate Controller and then five years at its successor KGHM International as VP, Finance. She was a key member in the leadership team that transitioned the company from a one mine junior producer to a multi-national company with six operating mines and three development projects.

The board would also like to thank Susan Neale, former CFO of IDM Mining Ltd., for her tremendous contributions to the board and wish her success as she steps down from her post on the board of directors. Susan was a valuable board member and contributor to StrikePoint’s growth.

Maximizing on Recent Acquisitions

StrikePoint and Ascot have both made significant acquisitions in the Golden Triangle between March and April of 2019. StrikePoint announced the acquisition of the Willoughby Project on April 17, 2019, a fully permitted high-grade gold exploration target, while Ascot completed the acquisition of IDM Mining Ltd., the owner of the Red Mountain project on March 28, 2019. These acquisitions complement the Company’s existing advanced stage portfolio and build upon Ascot at Premier and StrikePoint’s Porter Project.

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.

About the Golden Triangle

The Golden Triangle is an area of northwestern British Columbia that has seen extensive historic mining and prospecting activity, and has recently been the site of modern discoveries, including the Premier Gold, Snip and Eskay Creek Mines. The area has seen a resurgence in infrastructure investment which supports exploration activities, including upgraded transmission lines supplying clean, affordable and reliable hydroelectric power. Other recent improvements include highway upgrades, new ocean port infrastructure at the ice-free port of Stewart and the commissioning of three hydroelectric facilities.

For further information please visit our website: www.strikepointgold.com

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 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, BC – April 17, 2019 – Further to its news release dated March 20, 2019, StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce that it has closed on the acquisition of the Willoughby Property from ArcWest Exploration.

The property is situated about 30 kilometres east of Stewart, B.C., and 20 kilometres northeast of Strikepoint’s Porter property.

Key factors at Willoughby include:

• 4,625 metres of diamond drilling completed on the property in the early 1990s which defined mineralization over a one-kilometre strike length;
• This trend remains open on either end, and recent deglaciation has exposed prospective ground that would have been inaccessible to previous explorers;
• Historic drill results have included 20.5 metres grading 24.99 grams per tonne gold and 184.22 grams per tonne silver, and 11.7 metres grading 40.11 grams per tonne gold and 109 grams per tonne silver, both from the North zone target;
• 13.0 metres grading 13.37 grams per tonne gold and 63.43 grams per tonne silver drilled in the Main zone target;
• Additional five target zones on the property have all returned significant gold and silver grades in drill core or channel samples at surface;
• The site is drill ready and serviceable via the company’s existing camp at the Porter project. Exploration permits are under way, having been started by the previous property owners;
• The closest nearby analogue to Willoughby is the Red Mountain deposit located seven kilometres to the west. Red Mountain has a National Instrument 43-101 mineral resource estimate of 1,827,900 tonnes of measured resources grading 8.92 grams per tonne gold, 943,400 tonnes of indicated resources grading 5.95 grams per tonne gold for a total of 704,600 ounces gold combined (June, 2018, resource update; Arsenault/Hamilton). Like Red Mountain, mineralization is focused along the contact with Jurassic-aged Goldslide intrusive rocks. Mineralization hosted on the adjacent properties is not necessarily indicative of the mineralization hosted on the Willoughby property. The company is not able to verify the results of the Red Mountain deposit and there can be no assurances that the company will obtain similar results from exploration activities on the Willoughby property.

The securities issued as part of this transaction with bear a restrictive legend expiring on August 16, 2019.

For further information please visit our website: www.strikepointgold.com

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 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.

April 8, 2019, Vancouver, BC –StrikePoint Gold Inc. (TSX.V:SKP) (“StrikePoint” or the Company) is pleased to announce that it has completed a private placement raising $1,271,919.88 through the sale of 11,562,908 Units (the “Units”) at a price of $0.11 per Unit.  Each Unit consists of one common share and one share purchase warrant with each warrant being exercisable into one additional common share at a price of $0.20 per share until April 7, 2022.

Finder’s fees were paid to Haywood Securities (as to $3,396.80 in cash and 30,880 in finder’s warrants), PI Financial Corp. (as to $7,040 in cash and 64,000 in finder’s warrants) and Redplug Capital Corp. (as to $46,640 in cash and 424,000 in finder’s warrants).  The finder’s warrants are exercisable on the same terms as the unit warrants.

All securities issued in connection with the private placement are subject to a regulatory hold period expiring on August 9, 2019.

The proceeds from the private placement will be used by the Company for acquisitions, exploration and general working capital purposes.

Due to insider participation in the private placement, it is considered a related party transaction within the meaning of Multilateral Instrument 61-101 (“MI 61-101”).  The participation is exempt from the need to obtain minority shareholder approval and a formal valuation on the basis that insider participation is less than 25% of the Issuer’s market 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

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.

StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce the acquisition of the Willoughby Property from Sojourn Exploration. The property is situated about 30 kilometers east of Stewart, British Columbia, and 20 kilometers northeast of StrikePoint’s Porter Property.

StrikePoint CEO, Shawn Khunkhun comments “Acquiring Willoughby is another major milestone for StrikePoint. New geological interpretations in the area, specifically the adjacent Red Mountain deposit, which is subject to a $45 million dollar take over bid by Ascot Resources (AOT:TSX.V) usher in an era for new discovery throughout the golden triangle. StrikePoint shareholders are well positioned with 2 high grade precious metal properties within a direct shipping lane to Ascot’s Premiere Mine. We look forward to a future of growing our resource base through exploration and acquisitions.”

Key factors at Willoughby include:

• 4,625 meters of diamond drilling completed on the property in the early 1990’s which defined mineralization over a one-kilometer strike length.

• This trend remains open on either end, and recent deglaciation has exposed prospective ground that would have been inaccessible to previous explorers.

• Historic drill results have included 20.5 meters grading 24.99 grams per tonne gold and 184.22 grams per tonne silver, and 11.7 meters grading 40.11 grams per tonne gold and 109 grams per tonne silver, both from the North Zone target.

• 13.0 meters grading 13.37 grams per tonne gold and 63.43 grams per tonne silver drilled in the Main Zone target.

• Additional five target zones on the property have all returned significant gold and silver grades in drill core or channel samples at surface.

• The site is “drill ready” and serviceable via our existing camp at the Porter Project. Exploration permits are underway, having been started by the previous property owners.

• The closest nearby analogue to Willoughby is the Red Mountain deposit located 7 kilometers to the west. Red Mountain has a NI 43-101 mineral resource estimate of 1,827,900 tonnes of measured resources grading 8.92 grams per tonne gold, 943,400 tonnes of indicated resources grading 5.95 grams per tonne gold for a total of 704,600 ounces gold combined (June 2018 Resource Update; Arsenault / Hamilton). Like Red Mountain, mineralization is focused along the contact with Jurassic-aged Goldslide intrusive rocks. Mineralization hosted on the adjacent properties is not necessarily indicative of the mineralization hosted on the Willoughby Property. The Company is not able to verify the results of the Red Mountain deposit and there can be no assurances that the Company will obtain similar results from exploration activities on the Willoughby property.

Strengthening Regional Mineral Inventory

 The acquisition of the Willoughby Property compliments the Porter Project and other ground staked in 2018 by strengthening the known mineral inventory and providing significant exploration upside all within a localized and accessible area of British Columbia.

StrikePoint’s Porter Project hosts a historical resource with 394,700 tonnes grading 868 grams per tonne silver in the Indicated category for a total of 11 million ounces of silver. The mineral reserve cited above is presented as a historical estimate and uses historical terminology which does not conform to current NI 43-101 standards. This historical estimate is believed to be based on reasonable assumptions, and neither the company nor its qualified person has any reason to contest the relevance and reliability of the historical estimate. However, a qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. Although the historical estimates are believed to be based on reasonable assumptions, they were calculated prior to the implementation of National Instrument 43-101. These historical estimates do not meet current standards as defined under sections 1.2 and 1.3 of NI 43-101; consequently, the Company is not treating the historical estimate as current mineral resources or mineral reserves.

The 2018 drilling campaign proved the grades used in the historic resource as well as making discoveries along neighboring vein systems and adding potential for resource growth in the future. In other areas of the land portfolio, our technical team identified a 200-meter long polymetallic vein on the Glacier Creek Property, significant propylitic alteration on the Boom Property and several Gold-Silver anomalies on the Big Nunataq.

The Willoughby Property provides an opportunity for exploration without significantly expanding established camp infrastructure or other overhead costs.

Terms of Acquisition

 Strikepoint will hold 100% of the Willoughby Property for an $85,000 cash payment and issuance of 3,000,000 common shares. Sojourn Exploration will retain a 1.5% Net Smelter Return, although this can be reduced by 0.5% for an additional $1,000,000 cash payment.

About the Golden Triangle

The Golden Triangle is an area of northwestern British Columbia that has seen extensive historic mining and prospecting activity, and has recently been the site of modern discoveries, including the Premier Gold, Snip and Eskay Creek Mines. The area has seen a resurgence in infrastructure investment which supports exploration activities, including upgraded transmission lines supplying clean, affordable and reliable hydroelectric power. Other recent improvements include highway upgrades, new ocean port infrastructure at the ice-free port of Stewart and the commissioning of three hydroelectric facilities.

Qualified Person and NI 43-101 Disclosure

The technical content of this news release has been reviewed and approved by Andy Randell PGeo. who is a qualified person as defined by National Instrument 43-101.

StrikePoint Gold is a well-financed gold exploration and development company. The company controls a portfolio of gold properties in the Yukon and throughout Canada.

For further information please visit our website: www.strikepointgold.com

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 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.

StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to provide results for the 2018 drilling campaign at their Porter Project in Stewart, northwestern British Columbia:

• 4,304 meters of diamond drilling from surface completed on site in 2018, focusing on the Porter and Silverado historical mines.
• Hole PIP18-010 intersected 5 meters silver at 819 grams per tonne between 68 meters to 73 meters depth along the D-Vein at Porter.
• Other highlights include 1 meter at 2,241 grams per tonne silver in PIP18-012 along the Blind Vein and 2 meters at 637 grams per tonne silver.
• PIP18-014 intersected 0.5 meters at 2,506 grams per tonne which appears to be a previously untested lower continuation of the D-Vein.
• Intercepts along the Blind Vein are significant as this structure was not included in the 2012 resource calculation, yet it lies between the D- and Prosperity Veins (both used in the historical resource).
• Drilling has upheld the grades used in the historical resource calculation and give further confidence in the 13-million-ounce silver reserve numbers.
• For the first time in the history of exploration at this site, entire lengths of core have been assayed and as such has demonstrated extensive lower grade mineralization in smaller, sympathetic structures paralleling the main veins.
• Drilling has highlighted mineralization along other structures outside of the historical resource area and decreased the ‘gap’ between the Porter and Silverado mines, showing potential for continuity under the peak of Mount Rainey.

Targeted Drilling Program

Drilling commenced at the Porter Project on August 16^th, 2018 and concluded on September 22^nd, 2018. A total of 4,304 meters of diamond core was retrieved using two rigs, with one focused on Porter (southern flank of Mount Rainey) and the second testing the northern Silverado veins. Twenty-five holes were completed during the campaign, with 22 from Porter and 3 at Silverado.

Drilling had four primary objectives to test the viability of the Porter project:

• To test the grades encountered historically and therefore used in the 2012 resource calculation (specifically the D-Vein and Prosperity Vein)
• Test for mineralization at depth along several undrilled veins on the Porter side of Mount Rainey (Blind, Wake and Angelo Veins)
• Completion of holes to explore the possible extension of the Silverado Veins and their relationship to the system at Porter, 2-kilometers away.
• To collect geological information in order to start building a geological model of the mountain and the mineralized systems

It is felt that each of these objectives was satisfactorily met by the 2018 drilling campaign.

2018 Results

The following table highlights results from each hole drilled in 2018, including the target and the relation to the historical resource estimate. All intervals greater than 30 grams per tonne silver and over 0.5 meters in width are reported.

Discussion of Results

The results have reinforced the grades used in the 2012 resource calculation and so lend confidence to the overall resource. The 5-meter intercept of 819 grams per tonne silver along the D-Vein is inline with historical numbers and well above the 170 grams per tonne cut off grade used in the calculations. It also highlights that ore remains in the ground despite the historic mining activity on site.

No significant results were returned from the one drill hole at Prosperity apparently due to the angle of the hole not being steep enough to intercept the vein.

The Blind Vein lies between the D- and Prosperity Veins and had a total of seven drill holes targeted along sections in 2018. Each of these holes demonstrated mineralization, with only one (PIP18-015) having grades under 30 grams per tonne silver (and therefore reporting as ‘no significant intervals’). The Blind Vein was historically mined but was one of the last to be developed on the site, and so was not as exploited as the other two major veins on site.

The two other historically recognized veins (Wake, Angelo) at Porter also demonstrated mineralization although the veins intercepted were less coherent producing more disseminated, localized pockets of mineralization along a general trend. Such styles of mineralization are also noted along the major veins, so it is possible that richer sections remain at depth and are yet to be drilled.

At Silverado, several intercepts have proven the extension of the discrete vein systems although the grades were lower than anticipated. The nature of the Porter-Silverado system seems to show veins pinching and swelling with grades fluctuating along them, so mineralization of any level along the structure is very encouraging. Intercepts at Silverado are also stepped back around 150 meters from the furthest extents of the old workings, and so does show some continuity that could connect the Porter and Silverado systems.

Overall, the results show that silver mineralization is present throughout the project area and in a wider range of grades and ore bodies than previously thought.

Revising a Geological Model

Data collected from the drilling and surface mapping completed in 2018 is now being incorporated with decades of historical information and built into a three-dimensional geological model.

While this is still in the early phases, it is already showing that the original concept of five steeping dipping veins is oversimplified, and that several other geological mechanisms are at play that also form trap sites for mineralization.

Perhaps the most interesting concept currently is that the main D-Vein is part of a synclinal ‘bowl shape’ fold that encapsulates the Blind and Prosperity Veins. This structure would account for the historical veins encountered in the “H” and “I” Tunnels, and the newly discovered ‘Flat Vein / Honest John Vein” to the west of the historic Porter system. It also places the more disseminated Wake and Angelo veins on the outside of this structure and could explain the variation we see in structure and mineralogy.

The concept of mineralized ‘bowl shaped’ features is not unprecedented in the area, with the nearby Premier Mine (Ascot Resources) having a similar shaped structure hosting their main high-grade (gold) targets.

Work on the geological model is ongoing and is subject to change as more information is added to the dataset.

About the Golden Triangle

The Golden Triangle is an area of northwestern British Columbia that has seen extensive historic mining and prospecting activity, and has recently been the site of modern discoveries, including the Premier Gold, Snip and Eskay Creek Mines. The area has seen a resurgence in infrastructure investment which supports exploration activities, including upgraded transmission lines supplying clean, affordable and reliable hydroelectric power. Other recent improvements include highway upgrades, new ocean port infrastructure at the ice-free port of Stewart and the commissioning of three hydroelectric facilities.

StrikePoint Gold is a well-financed gold exploration and development company. The company controls a portfolio of gold properties in the Yukon and throughout Canada.

QA/QC

The Company maintains a rigorous QA/QC program with respect to the preparation, shipping, analysis and checking of all samples and data from the properties. Quality control for field sampling and drill samples at the Company’s projects covers the complete chain of custody of samples, including sample handling procedures and analytical-related work, plus the insertion of standard and blank materials. The QA/QC program also includes data verification procedures. ALS Laboratories in Vancouver, Canada (ISO 17025:2005 accreditation) assayed all grab samples from the current field program using fire assay and ICP Mass Spectroscopy methods. Drill samples were processed by Bureau Veritas Labs in Vancouver, Canada (ISO9001:2008 accreditation).

The technical information contained in this news release has been approved by Andy Randell, P. Geo., Vice President, Exploration of StrikePoint Gold.  Mr. Randell is a qualified person as defined in NI 43-101.

For further information please visit our website: www.strikepointgold.com

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 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.

StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to provide an update and summary for its Yukon assets on work completed in 2018.

Field operations were focused on the Golden-Oly and PDM targets along the North Canol Road in eastern Yukon about 300 kilometers northeast of Whitehorse.

Golden-Oly Highlights

• Twenty-two grab samples from the 600-meter long Helios Vein, a 0.3 to 5 m wide polymetallic quartz vein, returned grades from 1 to 3.75 g.t Au, trace to 1,150 g.t Ag and one sample at 2.94% Cu
• Diamond drilling at Colossus, with three holes completed totaling 682 meters. The original program included a fence of nine holes across the intrusion to text mineralization across the margins and within the granodioritic body itself but was cut short due to administrative delays in permitting from Yukon government.

PDM Highlights

• 96 grab samples from the Babylon polymetallic sheeted quartz veins, returned grades from trace to 3.34 g/t gold, trace to 94.5 g/t silver and trace to 2.67 % copper.

CEO Comment

Shawn Khunkhun, CEO, says, “Our work in the Yukon during the last two field seasons has identified several occurrences of these mineralized sheeted vein systems on intrusive margins. They carry elevated gold, silver and copper grades.  But we’ve only scratched the surface and were disappointed that we could not complete our planned 2018 drilling campaign. The potential of this style of deposit remains to be defined, but the opportunity has been proven.”

The Helios Vein and Other Polymetallic Discoveries

The Helios Vein is a new discovery (originally reported on September 6^th, 2018) on the western edge of the Colossus Target, which has so far been traced for 600 meters along a roughly north-south strike. The polymetallic vein is composed of quartz-arsenopyrite infilling factures that have formed in the carapace of the Colossus granodiorite intrusion.

A total of twenty-two samples were collected from the vein, with grades ranging from 1.005 to 37.5 grams per tonne gold and trace to 1150 grams per tonne silver. The highest grade silver sample also returned a value of 2.94% copper, although this is seen as being anomalous. Helios is a series of parallel sheeted polymetallic quartz veins that hosts massive sulfides and sulfosalts, including pyrite and arsenopyrite, with a collective vein width at surface ranging from thirty centimeters to five meters.

The Zeus target is a ‘sister’ intrusion that lies approximately 7-kilometers to the south of Colossus and represents another of the “Seven Wonders” targets. This intrusion is partially exposed, and our prospecting team has discovered quartz-vein material like that seen in the Helios Vein. To date a 60-meter strike length has been observed, with grab sample assays returned from 1.355 to 4.06 grams per tonne gold and from trace to 43.6 grams per tonne silver.

Drilling the Colossus Target

A diamond drill program was conducted at the Colossus target between 1^st July 2018 and 10^th July 2018. Three holes were completed to a total of 682m, although the original drill program was more expansive but cut short due to permitting delays imposed by Yukon.

Drilling started in the metasedimentary country rock to the west of the intrusion to test for polymetallic sheeted veins at depth before passing into the intrusion itself. Results from the drilling provided multiple sub-gram per tonne hits for gold within broad envelopes of arsenic-enriched sediments, typical of these systems. Highlights from the drilling are shown in the table below:

Although these results exhibit sparse gold grades, these initial holes were a significant step out from the intrusion and on the margins of expected mineralization. The types of veins observed, and the presence of elevated arsenic and bismuth are typical signatures of intrusion related gold systems.

Due to permitting restrictions at the time, additional holes that would have intersected the Helios Vein and passed into the intrusion itself were not drilled this season.

The Babylon Target

The Babylon target lies within the PDM property and forms the western end of the Seven Wonders Trend. Like the other targets within the Golden-Oly property, Babylon is a large intrusion with mineralized sheeted veins around the periphery, dominated by gold and copper minerals.

Additional surface work was completed in 2018 to expand on the results from 2017. A total of 96 surface samples were collected during the season, with results from trace to 3.39g/t gold, trace to 94.5g/t silver and trace to 2.67% copper.

The combined 2017 and 2018 results highlight a strong copper-gold anomaly that is 500 meters by 500 meters in size, accompanied by intermittently mineralized veins projecting several kilometers out into the country rock.

Permitting Update and Future Work

Work has continued through 2018 to bring value to the Yukon portfolio, and in October Strikepoint was awarded Class 3 exploration permits for the Golden-Oly / PDM properties. In November, an additional Class 3 permit was awarded for the Pluto property in the Kluane area (although no work was undertaken on that property in 2018). Along with Mahtin in the Mayo-region, all major exploration targets within the Yukon portfolio now hold five-year exploration permits for work.

These permits will allow for additional drilling across all target areas, including completion of the test fence at Colossus and initial holes at PDM.

QA/QC

The Company maintains a rigorous QA/QC program with respect to the preparation, shipping, analysis and checking of all samples and data from the properties. Quality control for field sampling and drill samples at the Company’s projects covers the complete chain of custody of samples, including sample handling procedures and analytical-related work, plus the insertion of standard and blank materials. The QA/QC program also includes data verification procedures. ALS Laboratories in Vancouver, Canada (ISO 17025:2005 accreditation) assayed all grab samples from the current field program using fire assay and ICP Mass Spectroscopy methods. Drill samples were processed by SGS Labs in Burnaby, Canada (ISO9001:2008 accreditation).

About StrikePoint Gold

StrikePoint Gold is a well-financed gold exploration and development company. The company controls a portfolio of gold properties in the Yukon and has a flagship silver property in the Golden Triangle in British Columbia.

The technical information contained in this news release has been approved by Andy Randell, P. Geo., Vice President, Exploration of StrikePoint Gold.  Mr. Randell is a qualified person as defined in NI 43-101.

For further information please visit our website: www.strikepointgold.com

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 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.