Mr. Michael Allen reports

STRIKEPOINT GOLD ISSUES CLARIFYING NEWS RELEASE REGARDING EXPLORATION TARGET DISCLOSURE

Strikepoint Gold Inc. is issuing this news release to retract and clarify certain statements previously made regarding exploration targets at the company's Hercules gold project. The company acknowledges that certain prior statements may have been contrary to the requirements of National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

Retraction of prior statements

Certain past disclosure by the company in news releases, interviews, social media, conferences, presentations and other communications stated or implied that the company's target for further exploration would be converted to a mineral resource or treated the exploration target as an unclassified mineral resource.

The company hereby retracts these prior statements.

Why these statements were non-compliant

The statements identified above are contrary to the requirements of Section 2.3(2)(a) of NI 43-101, which requires specific cautionary language when disclosing exploration targets. Specifically, the statements improperly suggested that the exploration target was equivalent to, or could readily be converted to, a mineral resource estimate. An exploration target is conceptual in nature, and there has been insufficient exploration to define a mineral resource. It is uncertain if further exploration will result in the target being delineated as a mineral resource.

Clarification regarding exploration targets

The company wishes to clarify that any exploration target disclosed by the company is conceptual in nature. There has been insufficient exploration to define a mineral resource at the Hercules gold project, and it is uncertain if further exploration will result in the exploration target being delineated as a mineral resource. Exploration targets should not be misunderstood as, or equated with, mineral resources or mineral reserves. There is no guarantee that any exploration program will convert an exploration target into an inferred or other category of mineral resource.

The company has also amended its website, corporate presentation, social media and other investor relations materials to correct the above issues and to ensure compliance with NI 43-101.

Qualified person statement

All technical data and scientific data, as disclosed in this press release, have been reviewed and approved 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.

About Strikepoint Gold Inc.

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

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.

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 Resources Corp. to Coeur Mining Inc. for approximately $120-million. The Sterling gold project is part of AngloGold Ashanti PLC'S Arthur gold project.

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

We seek Safe Harbor.