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Gold Strike Resources Corp
Symbol GSR
Shares Issued 71,340,777
Close 2026-05-01 C$ 0.61
Market Cap C$ 43,517,874
Recent Sedar+ Documents

Gold Strike investors acquire 43.63 M shares

2026-05-04 09:26 ET - News Release

Subject: LIRECA Resources Corp. - Press Releases Attached for Distribution on Stockwatch.com PDF Document

File: Attachment Gold Strike Resources - Early Warning News Release - LIRECA Resources-May 2026.pdf

EARLY WARNING NEWS RELEASE

May 4, 2026

VANCOUVER, B.C. This press release is being issued in connection with the filing of an early warning report (the "Early Warning Report") by LIRECA Resources Inc. ("LIRECA") and Florin Resources Inc. ("Florin", and together with LIRECA, 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 1500 1055 West Georgia Street, Vancouver, BC V6E 4N7. The Issuer's head office is located at 1910 - 925 West Georgia Street, Vancouver, BC V6C 3L2.

On May 1, 2026, the Acquirors acquired (the "Acquisition") 43,636,363 common shares in the capital of the Issuer (the "Consideration Shares"). LIRECA acquired 10,000,000 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 (the "Transaction"), pursuant to which the Acquirors acquired the Consideration Shares, at a deemed price of $0.55 per Consideration Share, as partial consideration for the sale of their right, title and interest under and relating to certain quartz claims located in the 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 (the "Common Shares") and 295,000 share purchase warrants (the "Warrants"), representing approximately 43.86% of the issued and outstanding Common Shares on a non-diluted basis and approximately 44.09% 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% of the issued and outstanding Common Shares on a non-diluted basis and approximately 51.32% 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

LEGAL_49435848.2 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 Email: james.munro@mcmillan.ca This early warning news release is issued under the early warning provisions of Canadian securities legislation, including National Instrument 62-104 Take-Over Bids and Issuer Bids and National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.

LEGAL_49435848.2

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