Mr. Randy Reifel reports

GUNPOINT LAUNCHES DRILL PROGRAM AT TALAPOOSA PROJECT AND ANNOUNCES A $3.35 MILLION NON-BROKERED PRIVATE PLACEMENT

Gunpoint Exploration Ltd. has provided an exploration update on its Talapoosa gold-silver project located in the Walker Lane trend of Nevada. Mobilizing has started on a 1,500-metre stepout drill program to test a recently discovered mineralized trend near Talapoosa. In addition, the company intends to raise $3.35-million in a non-brokered private placement.

Randy Reifel, chairman and chief executive officer of Gunpoint, comments: "Until the unprecedented gold rally this year, the capital markets have disciplined the junior mining sector to exercise prudent fiscal management to preserve shareholder value. Respecting challenging markets, we have methodically and efficiently continued to explore Talapoosa. Our focus led to identifying a major new mineralized trend which could significantly increase the project's size and mine plan. We are excited to initiate the first drill program targeting a potential major upside to Talapoosa since the 1.2 million ounces of gold was reported 14 years ago."

Talapoosa

Talapoosa has a National Instrument 43-101 mineral resource estimate hosting a measured and indicated resource of 1,012,802 ounces of gold at a grade of 1.11 grams per tonne gold and 13,649,358 ounces of silver at a grade of 14.97 g/t silver. The inferred mineral resource contains 233,532 ounces of gold at a grade of 0.72 g/t gold and 2,172,766 ounces of silver at a grade of 6.65 g/t silver. The cut-off grade is 0.45 g/t gold equivalent.

During the past two years, fieldwork has focused on an underexplored structural trend in the southeastern portion of the property that straddles between the Talapoosa and Appaloosa trends. Detailed mapping and sampling have delineated one kilometre northeast of Talapoosa's known resource, a mineralized zone (Ranch trend) 2,500 metres along strike and up to 750 metres wide. To date, 116 surface rock chip samples have been taken on the Ranch trend. The rock samples returned 20 g/t gold and 124 g/t silver with the lowest gold value collected being 0.017 g/t gold together with anomalous silver. Historical exploration and condemnation drill holes within the Ranch trend intersected significant gold mineralization in areas that were not further tested or explored.

Talapoosa was permitted for an open pit gold operation in 1995. The project was not advanced into production due to prevailing weak gold prices. However, for the mine site plan, two condemnation holes CON-32 and CON-45 drilled in the Ranch trend intersected gold-bearing intercepts from depths of approximately 100 metres. CON-32 drill hole returned 14 metres of 5.0 g/t gold including five metres of 14.3 g/t gold. CON-45 returned 26 meters averaging a grade of 1.76 g/t gold. Another hole TAL-211, was drilled 135 metres along strike from CON-45 and returned a 33-metre-wide zone of altered rock with an average grade of 0.41 g/t gold. The geological log of the drill holes indicate strong silicification, hydrothermal breccia and black sulphide.

Mobilizing has started on a 1,500-metre reverse circulation drill program. The drill program will test over the 2,500-metre strike length of the Ranch trend, the continuity of mineralization along the flat to gently dipping zone intercepted in the historic drill holes and the high-angle structures and veins recently identified and mapped.

Financing

The company is undertaking a non-brokered private placement consisting of 8,375,000 units at a price of 40 cents per unit for aggregate proceeds of $3.35-million. Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each warrant will be exercisable at a price of 60 cents into one common share for a period of two years from the closing of the offering. The offering is expected to close on or about Dec. 1, 2025, and is subject to certain conditions including, but not limited to, the acceptance of the TSX Venture Exchange.

Certain directors, officers and insiders of the company will acquire units under the offering. The net proceeds of the offering will be used for exploration programs, working capital and property payments. No finders' fees or commissions will be payable in connection with the offering.

Todd Kanhai, MASc, PEng, and Todd McCracken, PGeo, from Tetra Tech, are the qualified persons (QP) for the Talapoosa project mineral resource estimate.

Charlie Ronkos, MMSA, is one of Gunpoint's directors and the qualified person who has approved the remaining technical information disclosed in this news release.

We seek Safe Harbor.