Mr. Michael Allen reports

STRIKEPOINT ANNOUNCES CLOSING OF C$2 MILLION NON-BROKERED PRIVATE PLACEMENT

Strikepoint Gold Inc. has closed its non-brokered private placement previously announced on Aug. 18, 2026. The company issued 10 million units of the company at a price of 20 cents per unit for gross proceeds of $2-million. Each unit consisted of one common share and one-half of one common share purchase warrant. Each warrant shall be exercisable into one share for a period of three years from the closing date, at an exercise price of 30 cents per warrant share. No finders' fees were incurred on closing of the non-brokered offering.

The proceeds from the non-brokered offering will be used for costs related to the company's previously announced acquisition of the Northumberland gold project, concurrent bought deal financing, share consolidation of 10 old shares for one new share and for general working capital purposes. The company will also use a portion of the proceeds to repay in full non-interest bearing, due on demand promissory notes totalling $500,000 held by certain individuals (including non-arm's-length parties), as previously announced by the company on Aug. 18, 2026.

All securities issued pursuant to the non-brokered offering are subject to a hold period of four months and one day from the date of issuance in accordance with applicable securities legislation. The closing of the non-brokered private offering remains subject to the final approval of the TSX Venture Exchange.

Directors and officers of the company (collectively, the participating insiders) subscribed for a total of 2,081,750 units for aggregate gross proceeds of $416,350. Each issuance by the company of securities to a participating insider in connection with the non-brokered offering, is considered a related party transaction within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company is exempt from the formal valuation and minority shareholder approval requirements under MI 61-101 in reliance on the exemptions set out in sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101 as the fair market value of such transactions, insofar as they involve related parties, is not more than 25 per cent of the company's market capitalization.

The non-brokered offering and the transaction were initially announced in the company's news release dated Aug. 18, 2026. For additional information on Northumberland and the transaction, refer to the company's news releases dated Aug. 18, 2026, and Aug. 20, 2026, which announced an upsize to the bought deal private placement.

About Strikepoint Gold Inc.

Strikepoint is a Vancouver-based multiasset gold exploration company focused on building precious metals resources in the Western United States. Strikepoint's flagship project will be the 100-per-cent-owned Northumberland gold project located in Nevada's Walker Lane. In addition to Northumberland, Strikepoint owns a portfolio of exploration properties in Nevada, including the Hercules and Cuprite gold projects.

About Nevada

Nevada is one of the most globally recognized mining jurisdictions in the world, with over 218 Moz (million ounces) Au produced to date. Multiple large mining companies operate mines in the state, including Nevada Gold Mines (Barrick/Newmont), Kinross, SSR Mining, McEwan Mining and Integra Resources.

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