Mr. Peter Berdusco reports

GUYANA GOLDSTRIKE RE-ELECTS BOARD MEMBERS AT ANNUAL GENERAL MEETING AND CLOSES SECOND TRANCHE OF PRIVATE PLACEMENT

All matters presented to Guyana Goldstrike Inc. shareholders at its annual general meeting held on Jan. 15 were approved, and the current board of directors was re-elected.

The company has also completed a second tranche of its previously announced private placement for gross proceeds of $125,000. On completion of this tranche, the company issued 416,667 units at a price of 30 cents per unit. Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each whole warrant is exercisable to acquire an additional common share of the company at a price of 40 cents for a period of 24 months, subject to accelerated expiry in the event the closing price of the company's common shares is 75 cents or greater for 10 consecutive trading days.

In connection with completion of this tranche, the company paid finder's fees of $1,200 and issued 4,000 broker warrants to an arm's-length finder who introduced a subscriber to the placement. Each broker warrant is exercisable on the same terms as the warrants. All securities issued in connection with the placement are subject to a four-month-and-one-day statutory hold period.

About the Marudi gold project

The project, located in Guyana, South America, is unique in that it has a mining licence in good standing, all-season road access, infrastructure in place, with an established mining camp serviced by employees, service buildings and a full-time mining manager. The property has three known gold-bearing areas, specifically the alluvial areas, the saprorlite overburden and the underlying hard-rock. There has been 42,000 metres of historic diamond drilling (141 holes) completed on the project by prior operators. This work has delineated historical mineral resource estimates on the project. There exists excellent exploration upside through the development of previously identified, highly prospective mineralized targets on the project.

For information concerning these estimates and the project, readers are encouraged to review "NI 43-101 technical report on the Marudi property, Guyana," a technical report prepared for the company by Derrick Strickland, PGeo, and is available on the company's website.

* The company considers these estimates to be historical, and cautions that a qualified person has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves in accordance with National Instrument 43-101. The company does consider these historical estimates to be relevant as they may indicate the presence of gold mineralization and favourable geology.

** Independent technical and environmental review, Karouni gold project -- Guyana, Behre Dolbear Australia Pty. Ltd., April 29, 2016

About Guyana

The Republic of Guyana is located in South America between Venezuela and Suriname. The country is English speaking under British common law with a democratically elected government. It has an established mining act and a rich history of gold production. In 2013, 458,000 ounces of gold were produced by operators mining in the country.

We seek Safe Harbor.