Mr. Michael Allen reports

STRIKEPOINT DRILLS NEAR-SURFACE HIGH GRADE OXIDE GOLD AT THE HERCULES GOLD PROJECT, NEVADA, 32.04 METERS OF 0.54 G/T AU AND 4.62 G/T AG STARTING AT SURFACE, INCLUDING 4.57 METERS OF 1.14 G/T AU AND 10.53 G/T AG AND AN ADDITIONAL 6.10M OF 1.50 G/T

Strikepoint Gold Inc. has released initial results from drilling that took place in the spring of 2025 on its Hercules gold project located in Nevada's prolific Walker Lane.

The company completed seven drill holes totalling approximately 1,400 metres of reverse circulation drilling on the Hercules gold project. Strikepoint is reporting assay results from the first four drill holes of the program, with each drill hole returning near-surface gold mineralization. The final three drill holes remain queued at the lab, and the results are expected to be received shortly.

Michael G. Allen, president and chief executive officer of Strikepoint, said: "Results received so far show broad zones of near-surface gold mineralization on the Hercules gold project. This is in line with our recently announced exploration target for the property. The near-surface nature of the mineralization leads the company to anticipate that Hercules could potentially be an open-pit/heap-leach-type operation."

Drilling discussion

The drill holes released today were drilled into the Hercules target. Near-surface gold and silver were encountered in all holes. Comparing cyanide soluble gold assays with fire assays showed that cyanide solubility ranged between 89 per cent and 32 per cent on a per-hole basis. As expected, shallower gold intercepts showed higher cyanide solubility than deeper intercepts. With drilling and subsequent testwork showing abundant near-surface cyanide soluble gold, the company is optimistic of the potential of an open-pit heap leach operation at the Hercules gold project.

The company expects the final three holes of the 2025 spring drill program to be received shortly.

About Nevada

Nevada is one of the most globally recognized mining jurisdictions in the world, with over 218 million ounces of gold produced to date. Multiple operators in the state, including Nevada Gold Mines (Barrick/Newmont), Kinross, SSR Mining, McEwan Mining, Integra Resources and Calibre Mining. Many of the operations are open-pit, heap-leach operations, producing at similar grades to the exploration target defined on the Hercules gold project.

About Strikepoint Gold Inc.

Headed by chief executive officer, Mr. Allen, Strikepoint is a multiasset gold exploration company focused on building precious metal resources in the western United States and in Canada.

Mr. Allen has been working in the Walker Lane for the past 15 years, with multiple transactions completed in that time frame including the acquisition of the Sterling gold project, located near Beatty, Nev., and the sale of Northern Empire to Coeur Mining for approximately $120-million. The Sterling gold project is part of AngloGold Ashanti's Expanded Silicon project. In addition, Mr. Allen was the past president and chief executive officer of Elevation Gold Mining Corp., which operated Arizona's largest gold mine.

The Hercules gold project features an exploration target as defined by National Instrument 43-101 as follows.

The exploration target was developed using historical drilling, trenching data and gold assay results. Mineralization trends were evaluated using artificial intelligence to generate a trend model, which informed the construction of grade shells in combination with current geological understanding. These grade shells were used to estimate the distribution of mineralized tonnes and to support the generation of grade-tonnage curves. The exploration target and AI generated model will be utilized to guide future drilling in these areas of known mineralization.

The exploration target used data from the Sirens, Hercules, Cliffs, Loaves, Lucky Rusty, Rattlesnakes and Northeast showings on the Hercules gold project. In this area, there are a total of 306 historical drill holes, yielding a total of 31,776 metres in the drill hole database along with data for 121 surface trenches. The drill hole database contains a total of 18,409 sample interval entries, with the trenches providing another 475 sample entries. A total of 5,620 sample intervals are contained within the mineralization domains utilized for the exploration target.

The management and board of Strikepoint have strong expertise in exploration, finance and engineering.

Strikepoint is rapidly becoming one of its largest holders of mineral claims with approximately 145 square kilometres of prospective geology under claim, encompassing two district-scale projects, the Hercules gold project and the Cuprite gold project.

In addition, 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.

Quality assurance/quality control

Samples were split in the field using industry standard techniques. Samples were sealed in individual numbered bags prior to shipment to ALS Global in Reno, Nev., for sample preparation, prior to assaying in ALS Global facilities in North Vancouver.

Gold is determined by fire assay fusion of a 30-gram subsample with atomic absorption spectroscopy. Various metals including silver, arsenic and antimony are analyzed by inductively coupled plasma atomic emission spectroscopy, following multiacid digestion. ALS geochemistry meets all requirements of international standards ISO/IEC 17025:2017 and ISO 9001:2015. ALS Global operates according to the guidelines set out in ISO/IEC Guide 25.

The company maintains a robust QA/QC program that includes the collection and analysis of duplicate samples and the insertion of blanks and standards (certified reference material).

Qualified person statement

All technical data, as disclosed in this press release, have been verified by Michael G. 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.

We seek Safe Harbor.