Mr. Michael Allen reports

STRIKEPOINT ANNOUNCES 2023 EXPLORATION PLANS FOR CUPRITE GOLD PROJECT, WALKER LANE, NEVADA

Strikepoint Gold Inc. will conduct a multistage exploration program for its 100-per-cent-owned Cuprite gold project, located in Nevada's prolific Walker Lane.

Cuprite is thought to be analogous to the nearby 3.4-million-ounce Silicon gold deposit recently discovered by Anglogold. Geochemical, geophysical and structural vectoring led to the Silicon gold discovery, and Strikepoint will be using similar techniques to assess the 44-square-kilometre Cuprite gold project. In addition, the company has begun the permitting process for drilling and expects to be drilling in the second half of 2023.

Michael G. Allen said: "We are pleased to be quickly advancing the Cuprite gold project. In 2023, we've acquired and expanded a significant land package, utilizing an exploration concept never before tested at Cuprite. This exploration concept led to the discovery of a significant new gold discovery at Silicon, and the similarities between Silicon and Cuprite are striking. We are all looking forward to the upcoming work."

Year-end disclosure documents

The company reports it has filed its annual financial statements for the year ended Dec. 31, 2022, and the related management's discussion and analysis for the same period, with the Canadian securities regulators.

The 2022 annual documents are available under the company's profile on SEDAR and on Strikepoint's website.

Corporate update

The company is pleased to announce that further to the news release dated April 11, 2023, the company entered into an investor relations agreement with Knox Communications Inc., a Canadian-based firm focusing on marketing and investor communications and raising capital for the company. As part of the agreement, the consultant will be paid $4,000 per month for its services. The term of the agreement shall be for a period of 12 months commencing on the effective date, subject to earlier termination of this agreement as set forth in the agreement. The term may be renewed at the end of the agreement if mutually agreed upon by the company and the consultant. The principal of Knox Communications owns 250,000 common shares of the company and was awarded 250,000 five-year stock options with an exercise price of seven cents per share. The options will vest on a quarterly basis over a 12-month period in blocks of 25 per cent. Services to be provided by Knox Communications are anticipated to include investor relations activities under the policies of the TSX Venture Exchange and applicable securities laws.

About Strikepoint Gold Inc.

Strikepoint is a gold exploration company focused on building precious metal resources in Canada and the western United States. In addition to the Cuprite gold project (discussed below), the company controls two advanced-stage exploration assets in British Columbia's Golden Triangle: the past-producing high-grade-silver Porter-Idaho project and the high-grade-gold Willoughby project.

The Cuprite gold project consists of approximately 574 unpatented claims covering approximately 44 square kilometres, located 15 kilometres south of Goldfield, Nev., and 85 kilometres northwest of Beatty, within the prolific Walker Lane trend. The project is easily accessible by Highway 95 on the western margin of the property. The project is located within the Walker Lane gold trend, which hosts Anglogold's exciting Silicon discovery approximately 75 kilometres southeast of Cuprite. In addition, the Walker Lane hosts Tier 1 gold mines, including Kinross's Round Mountain mine located approximately 130 kilometres north of the Cuprite gold project.

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