Mr. Michael Allen reports

STRIKEPOINT RESUMES TRADING AFTER COMPLETION OF ACQUISITION OF NORTHUMBERLAND GOLD PROJECT, EMERGING AS A TIER-ONE GOLD EXPLORER IN NEVADA'S WALKER LANE

Strikepoint Gold Inc. has completed its previously announced acquisition of the Northumberland gold project located in Nevada's Walker Lane, from subsidiaries of Newmont Corp. (New York Stock Exchange: NEM). Trading has resumed following closing of the transaction and will reflect the consolidation, announced on Sept. 29, 2026.

Strikepoint gold highlights

• The Northumberland gold project hosts an independent mineral resource estimate (MRE) of 2.86 million oz (Moz) of gold equivalent (AuEq) in the indicated category and 1.57 Moz of AuEq in the inferred category contained within 67 million tonnes (Mt) and 31 Mt, respectively. For grades by individual metals, see Table 1, which includes the basis of the AuEq calculation.
• Brownfields site on private land potentially simplifies permitting: The current MRE for Northumberland is contained on private property which previously hosted open pit production.
• Strikepoint is financed to significantly advance Northumberland. With approximately $90-million in working capital postclosing and related costs the company is positioned to rapidly advance the project.
• Regional exploration package: In addition to the known mineral resources at Northumberland, numerous near-pit and property-wide exploration targets offer potential for further additions to the mineral resource.
• Exploration opportunities: Northumberland has not been explored since approximately 2010, when the gold price was much lower.
• Drill permits in place: Five separate drill permits are currently in place and are expected to facilitate rig mobilization and efficient exploration on both private and public land, subject to applicable permit transfer or replacement requirements.
• Strong shareholder base: Tembo Capital, Ithaki and Blackrock combined own more than 40 per cent of the company, and new shareholders represent more than 90 per cent of the current shareholders of the company.

Michael G. Allen, president and chief executive officer of Strikepoint, said: "Northumberland represents a transformational acquisition for Strikepoint. While the current resource is significant, I am particularly excited by the exploration potential seen to date. We anticipate commencing drilling within a month with the goal of expanding and infilling the existing mineral resource. In addition, new untested targets are emerging and may be drilled in 2027. I would like to thank all the talented individuals that helped with the effort to acquire the Northumberland gold project and I look forward to the first exploration efforts on the project in over 15 years."

Project location and infrastructure

Northumberland is located approximately 150 kilometres by road from Tonopah, Nev. Access is via paved highway and all-weather county road. Northumberland is located within the Walker Lane of Nevada. The Walker Lane is a prolific mineral trend with significant historical production, new discoveries (including AngloGold's Arthur gold project as well as Centerra's Goldfield project, both currently under construction) and operational mines including the Round Mountain mine operated by Kinross. Northumberland's mineralization is considered to be Carlin-style: sediment hosted with fine disseminated gold. References to other mining projects and operations are for geographic context only and are not intended to imply comparable economics, resources or production potential.

Project history

Gold was initially discovered at Northumberland in the late 1800s. Significant oxide mineralization was discovered in the 1930s and was mined intermittently by various operators until 1991. Interests in the property were transferred to Nevada Western Gold LLC, which became a subsidiary of New West Gold in 2005. Fronteer Gold acquired Nevada Western's interest in Northumberland in 2007, before Fronteer, including Northumberland, was acquired by Newmont in 2011.

Initial mineral resource estimate

The current MRE represents Strikepoint's initial MRE for the project. The available drilling information includes 1,511 reverse circulation and 37 core holes, drilled by previous operators of the project, including Cyprus Mines Corp., Western States Minerals Corp., Newmont USA Ltd. and Fronteer Development Group Inc. Strikepoint has not yet carried out any drilling or exploration activities at the project.

The MRE was prepared by Hebert Lopes Oliveira, BSc, PGeo, principal resource geologist at SLR Consulting (Canada) Ltd. (SLR), who is an independent qualified person (QP) for the purposes of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. The MRE has an effective date of July 31, 2026, and uses the Canadian Institute of Mining (2019) Estimation of Mineral Resources and Mineral Reserves (MRMR) Best Practice guidelines and the CIM (2014) definitions for mineral resources. SLR has estimated a mineral resource as follows:

• Indicated resource: A total of 67,008,000 tonnes containing 2.71 Moz of gold (Au) grading at 1.26 g/t Au with 11.60 Moz of silver (Ag) grading at 5.38 g/t Ag. Combined, the gold and silver indicated mineral resource equates to 2.86 Moz of AuEq at an average grade of 1.33 g/t AuEq.
• Inferred resource: A total of 30,96,000 t containing 1.52 Moz of gold at a grade of 1.53 g/t Au with 4.26 Moz of silver at a grade of 4.28 g/t Ag. Combined, the gold and silver inferred mineral resource equates to 1.57 Moz of AuEq at an average grade of 1.58 g/t AuEq.

The Northumberland deposit is open in multiple directions, and the property package has targets that may be subject to future exploration. Any potential expansion of the MRE would be subject to the results of further exploration.

Qualified person statement

All technical data and scientific data, as disclosed in this news 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.

Strikepoint is a Vancouver-based multiasset gold exploration company focused on acquiring, defining and developing precious metals resources in the Western United States. Strikepoint's flagship project is 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 Au produced to date. Multiple large mining companies operate mines in the state, including Nevada Gold Mines (Barrick/Newmont), Kinross, SSR Mining, McEwen Mining and Integra Resources.

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