Mr. Michael Allen reports

STRIKEPOINT COMPLETES SALE OF PORTER IDAHO PROJECT TO DOLLY VARDEN SILVER

Further to the news release dated May 8, 2025, Strikepoint Gold Inc. has completed the sale of the Porter Idaho project to Dolly Varden Silver Corp.

Strikepoint completed the sale of the Porter Idaho project to Dolly Varden for consideration of $1.1-million, which was satisfied through the issuance of 295,699 common shares in the capital of Dolly Varden at a deemed price of $3.72 per share.

Michael G. Allen, president and chief executive officer of Strikepoint, said: "The sale of this non-core asset to Dolly Varden allows us to focus on our gold projects in Nevada's Walker Lane. We recently completed a successful spring drill program on the Hercules gold project with all holes returning significant gold grades. Near-surface oxide gold deposits in Tier 1 jurisdictions are increasingly rare, but recent exploration successes in the Walker Lane have highlighted the potential of this part of Nevada."

About Strikepoint Gold Inc.

Headed by CEO 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 CEO of Elevation Gold Mining Corp., which operated Arizona's largest gold mine.

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.

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