Mr. Michael Allen reports

STRIKEPOINT GOLD STRENGTHENS ITS TEAM WITH HIRING OF KEITH WOOD AS EXPLORATION MANAGER AND APPOINTMENT OF STEPHEN QUIN AS A STRATEGIC ADVISOR

Strikepoint Gold Inc. has hired Keith Wood as exploration manager for the newly acquired Northumberland gold project and also has appointed Stephen Quin as a strategic adviser to the company.

Mr. Wood is a highly experienced exploration geologist with 28 years of expertise in the discovery and development of world-class gold and silver deposits in Nevada. He has held senior leadership positions, including chief growth geologist at the Phoenix mine for Nevada Gold Mines and chief exploration geologist for the West Cortez district at Barrick Gold. Throughout his career, he has led exploration programs that have resulted in significant mineral reserve growth and new discoveries across some of the most prolific gold and silver districts in North America. As chief growth geologist at the Phoenix mine for Nevada Gold Mines, Mr. Wood led the development of the Phoenix 10-year growth strategy, compiling and validating over 60 project concepts in the district. His work resulted in the first comprehensive project register for Phoenix, identifying and advancing numerous high-priority growth targets. In his role as chief exploration geologist for the West Cortez district at Barrick Gold, Mr. Wood spearheaded exploration initiatives that led to the discovery and advancement of multiple high-grade Carlin-style gold targets.

Michael G. Allen, president and chief executive officer of Strikepoint, said: "I am extremely pleased to have Keith join our team. His wealth of experience with Nevada's Carlin deposits will prove to be invaluable to us as we advance exploration at the Northumberland gold project."

In addition, Mr. Quin has been appointed as a strategic adviser to the company.

Stephen Quin, PGeo, brings over 40 years of experience across all stages of the mining industry to the company across the Americas. Most recently, he spent a decade as president and chief executive officer of Midas Gold Corp. (now Perpetua Resources Corp.), advancing a large-scale gold-antimony project from a maiden mineral resource through completion of a feasibility study. Prior to that, he held senior leadership roles, including president and chief operating officer of Capstone Mining Corp., and, before its merger with Capstone, president and CEO of Sherwood Copper Corp. Additionally, he served as executive vice-president at Miramar Mining Corp. and its copper exploration affiliate, Northern Orion Exploration. Mr. Quin started his career with what became Imperial Metals Corp., where he was responsible for the advancement of its polymetallic copper-lead-zinc project. He currently serves as a non-executive director of Bravo Mining Corp., Osisko Gold Group and TDG Gold Corp.

Alan Pangbourne, chairman of Strikepoint, said: "I'd like to take this moment to welcome Stephen to the company as a strategic adviser. His track record in the mining industry speaks for itself and Mike and I look forward to his input through this period of growth for Strikepoint."

Grant of options

The company announces that it has granted an aggregate of 7.85 million incentive stock options, of which 7.6 million incentive stock options have been granted to certain directors, officers and consultants. The options are exercisable at a price of $2 per share until Oct. 13, 2031.

A total of 250,000 options have been granted to Knox Communications Inc., a Canadian-based firm focusing on marketing, investor communications and capital raising endeavours for the company. These options are exercisable at a price of $2 per share until Oct. 13, 2031, and will vest in four equal tranches of 25 per cent each, every three months over a 12-month period commencing three months from the date of grant. For further information on Knox Communications Inc., please refer to the company's April 27, 2023, news release.

Options granted to directors, officers and consultants of the company are subject to restrictions on resale until Feb. 13, 2027.

About Strikepoint Gold Inc.

Strikepoint is a Vancouver-based multi-asset gold exploration company focused on acquiring, defining and developing precious metals projects in the Western United States. Strikepoint's flagship project is the 100-per-cent-owned Northumberland gold project, located in Nevada's Walker Lane. In addition to Northumberland, Strikepoint owns a portfolio of exploration properties in Nevada, including the Hercules and Cuprite gold projects.

We seek Safe Harbor.