An anonymous representative of Lireca Resources reports
EARLY WARNING NEWS RELEASE
This press release is being issued in connection with the filing of an early
warning report by Lireca Resources Inc. and
Florin Resources Inc. (the acquirors), regarding the
acquisition of securities of Gold Strike Resources Corp. (the issuer) by the acquirors, pursuant
to the requirements of National Instrument 62-103, The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. The acquirors are joint actors and have a head office at
Suite 1500, 1055 West Georgia St., Vancouver, B.C., V6E 4N7. The issuer's head office is located at
Suite 1910, 925 West Georgia St., Vancouver, B.C., V6C 3L2.
On May 1, 2026, the acquirors acquired 43,636,363 common shares in the
capital of the issuer (the consideration shares). Lireca acquired 10 million of such
consideration shares and Florin acquired 33,636,363 of such consideration shares.
The consideration shares were acquired in connection with the completion of an asset sale
involving the issuer and the acquirors, pursuant to which the acquirors
acquired the consideration shares, at a deemed price of 55 cents per consideration share, as partial
consideration for the sale of their right, title and interest under and relating to certain quartz claims
located in Yukon, pursuant to a purchase agreement dated March 2, 2026, as amended on April
30, 2026, among the issuer and the acquirors.
Immediately prior to the acquisition (and prior to the subscription receipts of the issuer converting
in connection with the transaction), the acquirors held, directly or indirectly through their
affiliates and joint actors, 31,235,999 common shares in the capital of the issuer and 295,000 share purchase warrants, representing approximately
43.86 per cent of the issued and outstanding common shares on a non-diluted basis and approximately
44.09 per cent on a partially diluted basis. Following the acquisition (including the conversion of
subscription receipts of the issuer in connection with the transaction), the acquirors, along with
their affiliates and joint actors, had ownership of, or exercised control or direction over, 74,872,362
common shares and 295,000 warrants, representing approximately 51.22 per cent of the issued and
outstanding common shares on a non-diluted basis and approximately 51.32 per cent on a partially diluted basis.
The acquirors hold securities of the issuer for investment purposes. The acquirors and the issuer
may engage in further discussions to explore possible additional mineral property transactions,
which may involve an increase in the acquirors' beneficial ownership or control or direction over
additional securities of the issuer. Aside from such potential transactions, the acquirors do not
have any current intentions to increase or decrease their beneficial ownership or control or
direction over any additional securities of the issuer. Each of the acquirors may, from time to time
and depending on market and other conditions, otherwise acquire additional common shares
and/or other equity, debt or other securities or instruments of the issuer in the open market or
otherwise and reserve the right to dispose of any or all of the securities in the open market or
otherwise at any time and from time to time and to engage in similar transactions with respect to
the securities, the whole depending on market conditions, the business and prospects of the issuer,
and other relevant factors. Lireca has a contractual right to nominate one director to the board
of directors of the issuer; however, as of the date hereof, Lireca has not exercised such right.
Lireca may elect to exercise such right in the future.
For further information, or to obtain a copy of the early warning report filed under applicable
securities laws, please contact James Munro, legal counsel
(telephone: 604-691-7491,
e-mail: james.munro@mcmillan.ca).
This early warning news release is issued under the early warning provisions of Canadian
securities legislation, including NI 62-104, Take-Over Bids and Issuer Bids, and
NI 62-103, The Early Warning System and Related Take-Over Bid and Insider
Reporting Issues.
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