Mr. Peter Berdusco reports

GUYANA GOLDSTRIKE CLOSES FINAL TRANCHE OF OVERSUBSCRIBED NON-BROKERED PRIVATE PLACEMENT

Guyana Goldstrike Inc. has closed the third and final tranche of the non-brokered private placement of units of the company resulting in the issuance of an additional 3.45 million units at a price of 10 cents per unit for gross proceeds of $345,000.

In aggregate with the closing of the first and second tranche of the placement, announced Feb. 17 and March 16, 2021, respectively, the company has now issued 27,112,500 units, for gross proceeds of $2,711,250.

Each unit consists of one common share of the company and one common share purchase warrant, with each warrant entitling the holder to purchase an additional common share at a price of 15 cents per share for a period of 36 months following the closing of the placement.

In connection with the closing of the final tranche, arm's-length agents received an aggregate cash fee of $2,400. In addition, the company issued to agents 24,000 broker warrants. Each broker warrant will entitle the holder thereof to purchase one common share at an exercise price equal to 15 cents for a period of 36 months following the closing of the placement.

In aggregate with the closing of the first and second tranche of the placement, arm's-length agents received a cash fee of $12,800. In addition, the company issued to agents 128,000 broker warrants.

Proceeds from the placement will be used to pay liabilities, accounts payable and for general working capital. The securities issued pursuant to the final tranche of placement are subject to a statutory hold period until Aug. 16, 2021.

In aggregate with the closing of the first and second tranche of the placement, certain insiders of the company acquired 1,365,070 units. This participation by insiders in the placement constitute a "related party transaction" as defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. However, the company considers such participation would be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the units subscribed for by the insiders, nor the consideration for the units paid by such insiders, exceeds 25 per cent of the company's market capitalization.

We seek Safe Harbor.