Mr. Michael Allen reports

STRIKEPOINT IDENTIFIES POTENTIAL FEEDER STRUCTURES, BOILING HORIZONS AT CUPRITE GOLD PROJECT

Strikepoint Gold Inc. has released further results from its recently completed induced polarization (IP) geophysical survey 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.

Surface mapping has identified a large hydrothermal system active within the Stonewall Mountain caldera. The new geophysical data suggest that sulphidic feeders with associated silica flooding and large-scale boiling horizons are present. The interpreted feeder zones appear to be coincident with the highest-grade mercury in soil anomalies and mapped structures at surface. The combined data suggest the possibility of a large epithermal gold deposit at depth similar to Anglogold's nearby 4.22-million-gold-ounce Silicon deposit.

The Strikepoint team is compiling the newly acquired data to refine drill targets for the upcoming program scheduled to begin in late February, 2024.

Michael G. Allen, president and chief executive officer of Strikepoint, said: "The survey's results are extremely encouraging. These targets appear to be relatively close to surface and of a size that could support a major new discovery in Nevada. We are actively preparing for the maiden drill program for this property."

Geophysical program

In early January, 2024, Zonge International completed an additional induced polarization survey at the Cuprite gold project. Subsequent processing and interpretation by Wright Geophysics of Elko, Nev., suggest the elevated chargeability values identify zones of hydrothermal activity. In addition, a low resistivity layer noted in the data possibly represents a boiling horizon which migrated up and down within this large-scale hydrothermal system, suggesting the possibility of additional bulk tonnage targets at depth. Surface mapping, which reveals structural control, silicification and widespread hydrothermal alteration, supports the interpretation of the IP data.

Drilling

The company recently received approval, and has successfully bonded drilling permits, for up to 10 sites on the Cuprite gold project. The program is planned for late February, 2024, totalling approximately 5,000 metres in up to 10 holes, with drilling to be completed by Envirotech Drilling of Winnemucca, Nev.

About Strikepoint Gold Inc.

Strikepoint Gold is a gold exploration company focused on building precious metals resources in Canada and the Western United States.

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 gold project.

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 chief executive officer of the company. Mr. Allen is a qualified person as defined under the terms of National Instrument 43-101.

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