Mr. Michael Allen reports

STRIKEPOINT GOLD ANNOUNCES CUPRITE GOLD PROJECT 2024 EXPLORATION PROGRAM

Strikepoint Gold Inc. has received its permit for drilling on the 44-square-kilometre Cuprite gold project strategically located in the Walker Lane trend of Nevada between Centerra's Gemfield deposit and Anglogold's Expanded Silicon project.

Michael G. Allen, president and chief executive officer of Strikepoint Gold, said: "After acquiring the Cuprite gold project in early 2023, we've added significant value to the project. We have more than doubled the footprint of the property itself and completed comprehensive geophysical and geological mapping programs on the property. We are excited by the results we've received and are looking forward to our inaugural drill program on the Cuprite gold project."

Drilling

The company recently received approval from the Bureau of Land Management for drilling at up to 10 sites on the Cuprite gold project.

The program is planned for approximately 5,000 metres, and will be targeting ring structures of the Stonewall caldera in the heart of a 2.6-square-kilometre mercury-in-soil anomaly defined by the company's previous work as announced on Sept. 26, 2023. The drilling will be completed by Envirotech Drilling of Winnemucca, Nev., a rig will be available in late February, 2024.

Geophysics

The company has mobilized Zonge Geophysics of Tuscon, Ariz., to the Cuprite gold project for completion of an additional five kilometres of induced polarization (IP) surveying. Previous IP surveys have identified a six-kilometre-long north-south structural corridor at the heart of a 2.6-square-kilometre mercury-in-soil anomaly. Detailed mapping by the company identified east-west faulting extending toward the north-south structural corridor. The second phase of IP is designed to study the intersection of the two sets of structures as a potential high-priority drill target, allowing for further refinement of the planned drilling.

Coming investor outreach events

On Jan. 19 and 20, 2024, the company will be attending the Metals Investor Forum held at the Fairmont Pacific Rim Hotel in Vancouver, B.C. Mr. Allen, president and CEO, will be presenting at 5:20 p.m., on Friday, Jan. 19, 2024.

The company will also be hosting investors in booth No. 126 at the Vancouver Resource Investment Conference, located in the Vancouver Convention Centre, West Building, on Sunday, Jan. 21, and Monday, Jan. 22, 2024. Mr. Allen, president and CEO, will be presenting at 2:10 p.m., on Monday, Jan. 22, 2024, in workshop room No. 4.

Adoption of new stock option plan

At the annual general and special meeting of shareholders held on Oct. 18, 2023, the shareholders of the company approved all matters as proposed, including the adoption of a new 10-per-cent rolling stock option plan, whereby the aggregate number of common shares that may be reserved for issuance pursuant to options shall not exceed 10 per cent of the issued and outstanding common shares as at the date of grant of an option, calculated in accordance with the policies of the exchange. Implementation of the stock option plan has been approved by the TSX Venture Exchange.

About Strikepoint Gold Inc.

Strikepoint Gold is a gold exploration company focused on building precious metals resources in Tier 1 jurisdictions.

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. 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 Gold and Merlin discoveries 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 Cuprite.

In addition to Cuprite gold project, 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.

Qualified person statement

All technical data, as disclosed in this press release, have been verified by Mr. Allen, PGeo, president and CEO of the company. Mr. Allen is a qualified person as defined under the terms of National Instrument 43-101.

We seek Safe Harbor.