StrikePoint Gold Inc. (TSX-V: SKP) (OTCQB: STKXF) today announced that the Company will proceed with a consolidation of all of its issued and outstanding common shares, options and warrants, has refiled the technical report on the Northumberland Gold Project in Nevada, and has set the closing date for the acquisition of Northumberland and the release of funds from the related $190,000,000 bought deal of subscription receipts of a subsidiary of the Company.

Michael G. Allen, President and CEO of StrikePoint commented, “With the acquisition of the Northumberland Gold Project and the release of the funds from the Financing, StrikePoint will have approximately C$90m in cash to undertake a comprehensive work program to aggressively advance the project. Goals include resource expansion and infill, and technical, economic and environmental studies. Having been idle for more than 15 years, Northumberland represents an exceptional opportunity to define and develop a gold project of significant scale, located in the mining-friendly jurisdiction of Nevada, USA.”

Share Consolidation

The share consolidation will occur on the basis of ten (10) pre-consolidation Securities for every one (1) post-consolidation Security. The Consolidation is expected to take effect on October 2, 2026. Following the Consolidation, the Company will have approximately 7,239,238 common shares issued and outstanding. Once the subscription receipts issued in connection with the Financing convert into Shares, StrikePoint will have approximately 102.2 million Shares issued and outstanding.

In the event that the Consolidation results in a fractional post-Consolidation Share, fractional share interests of 0.50 or higher will be rounded up to one whole Share, and fractional share interests of less than 0.50 will be cancelled. The new CUSIP number for the post-Consolidation Shares will be 86332K509 and the new ISIN will be CA86332K5098.

Registered shareholders of record as of the Effective Date who hold physical share certificates will receive a letter of transmittal from the Company’s transfer agent, Computershare Trust Company of Canada, with instructions on how to exchange their existing share certificates for new share certificates representing post-Consolidation Shares. Shareholders whose Shares are represented by a direct registration system statement will automatically receive their post-Consolidation Shares without any further action. Beneficial shareholders who hold their Shares through a broker or other intermediary and do not have Shares registered in their own names will not be required to complete a letter of transmittal but are encouraged to contact their intermediaries if they have any questions.

Transaction Update

The Company anticipates closing the previously announced acquisition of Northumberland from subsidiaries of Newmont Corporation (as previously announced in the Company’s news releases dated August 18, 2026 and September 9, 2026) on or about October 6, 2026. As announced on September 9, 2026, the Financing was completed to fund the purchase of Northumberland.

Trading in the Shares will remain halted pending final approval of the TSX Venture Exchange and closing of the Transaction.

Technical Report

In addition, at the request of the TSX Venture Exchange, the Company has filed an amended technical report titled “NI 43-101 Technical Report Northumberland Gold Project, Nevada, USA” on SEDAR+. There were no material changes to the Technical Report.

Technical Information

All technical data and scientific data, as disclosed in this press release, have been reviewed and approved by Michael G. Allen, P. Geo, President and CEO of the Company. Mr. Allen is a qualified person as defined under the terms of NI 43-101.

About StrikePoint

StrikePoint is a Vancouver-based multi-asset gold exploration company focused on acquiring, defining and developing precious metals resources in the Western United States. StrikePoint’s flagship project is the 100% 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 important gold mining jurisdictions in the world, with over 218 million ounces of gold 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.

ON BEHALF OF THE BOARD OF DIRECTORS OF STRIKEPOINT GOLD INC.

“Michael G. Allen”

Michael G. Allen
President, Chief Executive Officer & Director