Mr. Peter Miles reports

GOLD STRIKE ANNOUNCES FULLY FUNDED 2026 DRILL AND EXPLORATION PROGRAM FOR FLORIN GOLD PROJECT, YUKON

Gold Strike Resources Corp.'s 2026 exploration and drill program targeting the expansion of its inferred resource at the Florin gold project, in addition to advancing exploration across its FLR gold project and RJ gold project, all of which are located in the Mayo and Dawson mining districts, Yukon.

Key highlights:

• Two thousand twenty-six drill program expected to comprise over 8,000 metres of diamond drilling.
• Initial drilling to target the inferred resources at the Florin project, which comprises a pit-constrained inferred mineral resource of 2,507,000 ounces (Moz) of gold (Au) (162,783,000 tonnes at 0.48 gram per tonne (g/t) Au at a 0.30 g/t cut-off).
• Exploration drilling to test targets within five kilometres of the Florin gold deposit.
• Yellowknife-based Northtech Drilling Ltd. engaged to supply two diamond drill rigs, with mobilization planned for early July, 2026.
• Class 3 quartz mining approval (LQ00546a) for Florin project extended through Dec. 31, 2028, providing regulatory authority for the 2026 exploration program.
• Concurrent helicopter-borne magnetotelluric (MT) geophysical survey to cover the Florin project, the FLR project and the RJ project.
• Field crews to conduct stream sediment, soil and rock sampling programs, building on historic exploration work.
• Drilling designed, in part, to generate metallurgical and structural data to support a future feasibility study.

Peter Miles, chief executive officer of Gold Strike, commented: "Our fully funded 2026 drill and exploration program marks a significant milestone for Gold Strike. With over 8,000 metres of diamond drilling planned, camp construction is expected to begin in mid-June followed by two diamond drill rigs mobilizing in early July along with a concurrent airborne geophysical survey and geochemical sampling. After 18 months of M&A and financing activity, we are finally well positioned to meaningfully apply the latest advances in reduced intrusion-related gold system (RIRGS) exploration to the Florin project and unlock the broader potential of our Yukon portfolio. The Florin gold deposit, which hosts a pit-constrained inferred resource of 2.507 Moz Au, remains open in all directions and at depth and we believe this season's work will enhance the resource while showing the exploration potential of our broader district-scale portfolio of properties."

2026 drill and exploration program

The 2026 drill program is expected to commence in early July and consist of at least 8,000 metres of diamond drilling at and around the Florin project. The drill program will be focused on two objectives: first, to enhance the company's understanding of the Florin gold deposit (as described below); and second, to conduct exploration drilling to test targets within five kilometres of the Florin gold deposit. Concurrent surface exploration and geophysical survey programs will extend across the company's broader Yukon portfolio, including the FLR project and the RJ project, along with both Gold Strike One (GS1) and Gold Strike Two (GS2). Detailed exploration plans for GS1 and GS2 will be discussed in a later news release.

Gold Strike has awarded the drilling contract to Northtech Drilling Ltd. of Yellowknife, NWT, which will supply two diamond drill rigs. Mobilization of the rigs and establishment of the field camp are planned for early July, 2026.

The initial drill holes will focus on the southwest sector of the current inferred resource footprint where the resource remains open and where some of the higher grade historic drill holes were drilled. The company's initial drill targets have been located in accordance with the resource model set forth in the technical report for the Florin project.

The drill program has also been designed to generate key technical information, including metallurgical and structural data, which will form part of the technical foundation required to support a future feasibility study for the Florin project.

In August, 2026, one of the drill rigs will be dedicated to testing exploration targets within five km of the Florin gold deposit, at which time data from the airborne geophysics is expected to be available to aid targeting.

Concurrent geophysical survey

Concurrent with the drill program, Gold Strike will conduct a helicopter-borne magnetotelluric (MT) geophysical survey covering the Florin project, FLR project and the RJ project. This survey is expected to assist in identifying additional drill targets across the broader property portfolio.

Surface exploration programs

Field crews are expected to continue stream sediment, soil, and rock sampling programs across the Florin project, the FLR project and RJ project during the 2026 season, building on historic exploration work previously carried out on the property by the LIRECA Group, with the objective being able to produce additional drill targets for a 2027 drill program.

Permit extension and regulatory update

The Class 3 quartz mining approval (LQ00546a) for the Florin project is valid through Dec. 31, 2028. The extension was granted following the issuance of the Yukon government's YESAA2 Decision Document 2025-0069-0060.

About the Florin project, FLR project and RJ project

The company's Florin project consists of 500 quartz claims (approximately 89 square km) located in the Mayo and Dawson mining districts, Yukon, Canada. At the core of the Florin project is the Florin gold deposit, which hosts a pit-constrained inferred mineral resource of 2,507,000 ounces of Au (162,783,000 tonnes at 0.48 g/t Au at a 0.30 g/t cut-off). The Florin gold deposit sits on a reduced intrusion complex with extensive gold-bearing alteration developed along its margins, with the current resource remaining open laterally in all directions as well as at depth.

To date, 147 drill holes totalling approximately 31,000 metres (about 22,500 metres at the Florin gold deposit area including the Saddle prospect and approximately 8,500 metres at the Regent prospect) have been completed across the intrusive system, leaving multiple structural corridors and intrusive contacts completely untested. Excluding the one-kilometre Florin gold deposit area, approximately four kilometres of the five-kilometre prospective geological trend remains to be drill tested, supported by coincident geochemical indicators.

The company's FLR gold project consists of 838 quartz claims (approximately 165 square km) and the RJ gold project consists of 349 quartz claims (approximately 66 square km), both located in the Mayo and Dawson mining districts, Yukon, Canada, contiguous with the Florin project and adjacent to Sitka Gold Corp.'s RC project. Both projects are at an early exploration stage and are expected to benefit from the company's 2026 surface exploration and geophysical survey programs.

Mineral resource estimate

The mineral resource estimate was prepared by GeoSim Services Inc. (Ronald G. Simpson, PGeo) and David Kelsch, PGeo, with an effective date of Dec. 5, 2025. For further details, see the "Florin Gold Project NI 43-101 Technical Report, Mayo and Dawson Mining Districts, Yukon Territory," filed on April 13, 2026, on SEDAR+ under the company's profile, and the company's news release dated March 6, 2026. This technical report was prepared for Gold Strike Resources by GeoSim Services Inc. (Ronald G. Simpson, PGeo) and David Kelsch, PGeo.

Qualified person

The technical content of this news release has been reviewed and approved by David Kelsch, PGeo, who is a qualified person as defined under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

About Gold Strike Resources Corp.

Gold Strike Resources is a Canadian gold exploration and development company focused on growing its approximately 2.5 Moz (million ounces) gold resource base in the underexplored Tombstone gold belt, Yukon. The company holds a 100-per-cent interest in the Florin project, FLR project, RJ project, GS1 and GS2, which each lie within a district-scale land package that demonstrate multiple near-surface targets. With an award-winning technical team and experienced management and board of directors, Gold Strike is based in Vancouver and is listed on the TSX Venture Exchange.

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