Mr. Michael Allen reports

STRIKEPOINT GOLD ANNOUNCES UP TO CAD $2.0 MILLION PRIVATE PLACEMENT

Strikepoint Gold Inc. has arranged a non-brokered private placement of up to 50 million units of company at a price of four cents per unit for gross proceeds of up to $2-million. Each unit shall comprise one common share and one-half common share purchase warrant, with each whole warrant exercisable into one common share at an exercise price of seven cents for a period of 24 months from closing.

The company will pay a finder's fee of up to 7 per cent on the gross proceeds of the private placement from subscribers introduced by certain finders and will issue such number of finders' warrants as is equal to up to 7 per cent of the units sold to subscribers introduced by certain finders. Each finder's warrant will entitle the holder thereof to purchase one common share of the company at a price of seven cents for a period of 24 months from the date of issuance.

The company intends to use the proceeds from the private placement for drilling, other exploration activities and general working capital purposes.

The private placement remains subject to TSX Venture Exchange approval, and all securities offered pursuant to the private placement will be subject to a statutory hold period expiring four months and one day from the date of closing.

The company anticipates that insiders will subscribe for units. The issuance of units to insiders is considered a related party transaction, subject to Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of Multilateral Instrument 61-101 on the basis that the participation in the private placement by the insiders will not exceed 25 per cent of the fair market value of the company's market capitalization. A material change report in connection with the private placement will be filed fewer than 21 days before the closing of the private placement. This shorter period is reasonable and necessary in the circumstances, as the company wishes to complete the private placement in a timely manner.

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 and Merlin discoveries approximately 75 kilometres southeast of Cuprite. In addition, Walker Lane hosts Tier 1 gold mines, including Kinross's Round Mountain mine, located approximately 130 kilometres north of the Cuprite gold project.

In addition to the Cuprite gold project, the company controls two advanced-stage exploration assets in British Columbia's Golden Triangle: (i) the past-producing, high-grade Porter-Idaho silver project; and (ii) the high-grade Willoughby gold project.

We seek Safe Harbor.