Mr. Peter Miles reports

GOLD STRIKE ANNOUNCES COMMENCEMENT OF DRILLING AT FLORIN GOLD PROJECT, YUKON

Gold Strike Resources Corp. has commenced drilling at its Florin gold project, Yukon, Canada. The first drill rig has arrived on site and is being set up on the initial drill pad; a second rig is expected to arrive later this week.

Summary

The current Florin project, with a pit-constrained, inferred 2,507,000-ounce resource area, has a footprint with a projected strike length of approximately 925 metres (m) and remains open in all directions and at depth, within a broader 5,000 m gold-in-soil anomaly, high-grade rock sample sites and geophysical anomalies. The program consists of in excess of 8,000 m of drilling targeting both resource definition and stepout extensions of the existing inferred resource footprint.

The initial 10 holes (approximately 5,000 m) target the higher-grade, unconstrained southwestern portion of the deposit.

Assay results are expected within three weeks of delivery; initial results from hole 1 are anticipated in early August and are expected to be released on a hole-by-hole basis.

"The commencement of drilling at Florin is a significant milestone for Gold Strike," said Peter Miles, chief executive officer. "Our initial holes are targeting the highest-grade, unconstrained portion of the inferred resource, which we believe offers the greatest potential impact. Our first rig is operational on site, with a second mobilizing. Our independent QP, Ron Simpson, was closely involved in selecting hole locations. Initial assay results are expected in early August and are expected to be released on a hole-by-hole basis as they become available. In parallel, we have received the Class 3 mining land use approval for the FLR gold project and a Class 1 notification for the RJ project. Full details on those permits will follow in a dedicated news release."

2026 drill program

As announced on June 10, 2026, Gold Strike's fully financed 2026 drill and exploration program comprises over 8,000 m of diamond drilling at and around the Florin project. The initial 10 drill holes (approximately 5,000 m) were selected in close collaboration with Ronald G. Simpson, PGeo, of GeoSim Services Inc., the independent qualified person who prepared the resource estimate for the Florin project.

The initial holes are designed to test the southwestern portion of the resource where grades are higher and the deposit remains unconstrained. Additional holes are expected to target several large gaps not tested by prior drill coverage and to target the extension of at depth high-grade zones identified in historic drilling. Remaining meterage is expected to be allocated to stepout exploration drilling, primarily targeting the extensive five-kilometre (km) gold-in-soil anomaly at the Florin project, as well as high-grade rock sample locations and geophysical anomalies. The drill program has also been designed to collect geotechnical data and metallurgical samples to support advancement toward a future prefeasibility study.

Gold Strike expects gold fire assay results within three weeks of delivery of the core samples to the analytical laboratory. Core from the first drill hole will be expedited to the company's Whitehorse core logging facility to facilitate rapid processing. Initial assay results are expected in early August. The company intends to release results for each drill hole as they become available.

About the Florin gold 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 oz of Au (162.783 million tonnes at 0.48 gram per tonne (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.

Mineral resource estimate

The mineral resource estimate was prepared by GeoSim Services (Mr. Simpson) 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 on SEDAR+ and the company's news release dated March 3, 2026.

Technical information

The scientific and technical information in this news release has been reviewed and approved by Mr. Kelsch, who is a consultant to the company. Mr. Kelsch is a qualified person for the purposes of National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Gold Strike Resources Corp.

Gold Strike is a mineral exploration and development company focused on building a gold mineral inventory within its highly prospective land package in the proven but underexplored Tombstone gold belt, Yukon. The company holds a 100-per-cent interest in its five core Yukon properties: the Florin project, the FLR gold project, the RJ gold project, the Gold Strike One project and the Gold Strike Two project, which together represent a district-scale land package with multiple near-surface exploration 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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