Mr. Peter Berdusco reports

GOLDSTRIKE SIGNS OPTION AGREEMENT TO PURCHASE 100% OF LIGTHNING PEAK, A DRILL-PERMITTED, GOLD-SILVER PROJECT LOCATED IN BRITISH COLUMBIA

Guyana Goldstrike Inc. has signed a property option agreement with a third party vendor to earn 100-per-cent ownership interest in Lightning Peak -- a drill-permitted gold-silver project located near Vernon, B.C.

Project highlights:

• Located within the Quesnel terrane, a region of known volcanic-arc-related mineralization;
• Drill and trench permits are currently in place;
• Road access to the property is available;
• Situated in an area with historical placer gold production, the property has seen limited exploration for bedrock sources;
• Nine documented British Columbia mineral occurrences on the property, with a new occurrence identified in 2020;
• A 2021 magnetic survey highlighted north-south structural anomalies;
• Aurum Vena zone (recently identified): float boulders assayed historically up to 5.84 grams per tonne gold and 30.6 grams per tonne silver; brecciation and vein textures differ from other gold-bearing quartz veins on the property;
• Peak Au prospect: historical grab samples returned up to 45.7 g/t Au and 794 g/t Ag;
• Dictator Morning prospect: historical mine drift assay reported 226 g/t Au and 1,444 g/t Ag; a 2020 grab sample returned 39.4 g/t Au and 912 g/t Ag;
• Azza prospect: series of historical trenches; 2015 samples returned grades of 15 g/t Au and 41 g/t Ag.

Peter Berdusco, president and chief executive officer, commented: "The Lightning Peak project combines historic mineralization, workings dating back to 1890 and modern geophysics outlining strong north-south structures, making it an attractive property with significant exploration potential. With historical samples returning up to 226 g/t gold and more recent surface discoveries returning up to 45 g/t gold, we are excited about the future of exploration on this project."

Terms of the agreement

Lightning Peak consists of 11 claims distributed over 2,890.09 hectares and is located near Vernon, B.C.

The vendor has agreed to grant to the company a four-year option to acquire a 100-per-cent legal and beneficial interest in Lightning Peak subject to a 1.5-per-cent NSR (net smelter return) royalty.

In order to exercise the option and the interest, the optionee must issue 150,000 common shares, plus a further $135,000 in common shares and $105,000 in cash payments, as follows:

1. $22,500 in the common shares of the company, issued at a price of 15 cents per share, equivalent to a total of 150,000 common shares, and $10,000 in cash within five business days after receipt of the TSX Venture Exchange final approval of the agreement;
2. An additional $22,500 in share payments to be issued at a volume-weighted average price (VWAP) (see below) and $15,000 in cash on or before the first anniversary date of TSX-V final approval;
3. An additional $30,000 in share payments to be issued at a VWAP and $20,000 in cash on or before the second anniversary date of TSX-V final approval;
4. An additional $37,500 in share payments to be issued at a VWAP and $25,000 in cash on or before the third anniversary date of TSX-V final approval;
5. An additional $45,000 in share payments to be issued at a VWAP and $35,000 in cash on or before the fourth anniversary date of TSX-V final approval.

The company must also incur an aggregate of $750,000 of work expenditures on the property over the term of the option as follows:

1. $150,000 in work expenditures on or before the first anniversary date of TSX-V final approval; the work expenditures must include mechanical trenching with a large excavator and surface work to prove up drill targets;
2. $150,000 in additional work expenditures on or before the second anniversary date of TSX-V final approval; work expenditures must include a minimum of 1,000 metres of diamond drilling (non-deferrable);
3. $200,000 in additional work expenditures on or before the third anniversary date of TSX-V final approval; the work program must include diamond drilling;
4. $300,000 in additional work expenditures on or before the fourth anniversary date of TSX-V final approval; the work expenditures must include diamond drilling.

Accelerated payments

The company may, at its discretion, accelerate the share payments and cash payments in advance of the dates set out above and such accelerated payments shall thereupon be deemed to have satisfied the requirements for payment set out in the agreement.

Volume-weighted average price

The VWAP shall be defined as the volume-weighted average price of the shares as reported on the TSX-V over 10 consecutive trading days. The VWAP shall be calculated by dividing the total traded value of the shares on each day by the total trading volume for that day, averaged over the 10-trading-day period. The 10-day VWAP shall commence on the day after the company has given notice to Aurum of its election to satisfy one or more share payment and cash payment terms.

Success participation right (SPR)

The vendor retains a 10-per-cent SPR on any sale, transfer, assignment, option or other disposition -- direct or indirect -- of the property or an interest in the company, including any merger, acquisition, spinout or change of control transaction, during the option term and until the NSR royalty is fully bought out.

Bulk sampling net profit participation

In the event that bulk sampling is undertaken on the property, the vendor shall be entitled to receive a 5-per-cent net profit interest (NPI) from any and all proceeds derived from such bulk sampling activities. For the purposes of this clause, net profit shall mean the gross revenues realized from the sale or disposition of material extracted during the bulk sampling program, less all direct costs reasonably incurred in connection with the extraction, transportation, processing and sale of such material, including, but not limited to, sampling, assaying, refining, smelting and marketing expenses. The NPI shall be calculated and paid within 30 days following the end of each calendar quarter in which proceeds are received, accompanied by a statement reasonably detailing the calculation of such net profit.

Royalty buy-down right

The company shall have the right, at its sole discretion and at any time, to purchase 100 per cent of the vendor's 1.5-per-cent NSR royalty, thereby reducing the NSR royalty to 0 per cent. Such right may be exercised by the company upon providing written notice of exercise to the vendor and making cumulative payments of up to $1-million in the following buy-down increments:

• 0.5 per cent of the NSR royalty for a payment of $200,000;
• An additional 0.5 per cent of the NSR royalty for a payment of $300,000;
• The remaining 0.5 per cent of the NSR royalty for a payment of $500,000.

About Lightning Peak

The property is situated within the Quesnel terrane, a prolific volcanic arc that hosts several of British Columbia's most significant gold and copper deposits. The project area includes historical showings and workings dating back to the late 1800s, such as the past-producing Morning and Dictator occurrences and the Azza zone. The mineral occurrences trend along a north-south-striking, west-dipping shear zone. The property benefits from established road access and a five-year drill permit, providing an immediate opportunity for systematic exploration.

The principal exploration target is polymetallic gold/silver/base metal veins hosted in sheared volcanic and intrusive rocks near granitic contacts. These steeply dipping quartz veins can contain disseminated to coarse galena, sphalerite, pyrite and lesser chalcopyrite, often associated with elevated gold and silver values. Historical reports describe mineralized veins exposed in pits, trenches and shafts while more recent work has documented grab and float samples returning up to 45.7 g/t gold and 794 g/t silver from the Peak Au prospect and up to 5.84 g/t gold and 30.6 g/t silver from the Aurum Vena zone.

Polymetallic vein systems are common in British Columbia and typically occur along second-order structures peripheral to large intrusive complexes. At Lightning Peak, mineralization aligns with hydrothermally altered shear zones parallel to regional structures.

Note: All assay results referenced are historical in nature and have not been verified by the company. Investors should not place undue reliance on these data.

Qualified person

The technical information contained in this news release has been reviewed and approved by Ali Wasiliew, PGeo, a qualified person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects.

Historical sampling

Historical sampling data disclosed in this news release were collected by previous operators and are considered historical in nature. Neither the company nor a qualified person has verified these results, and investors are cautioned not to place undue reliance on them. Future exploration programs may include efforts to verify these data. The company considers the historical results to be relevant as an exploration guide and useful in assessing the mineralization and potential of the project. Any historical grab samples referenced are selective in nature and may not be representative of the overall mineralization.

We seek Safe Harbor.