Exploration Target Established At The Hercules Gold Project

VANCOUVER - Michael G. Allen, President and CEO of StrikePoint Gold Inc., said, “We have filed our first technical report on the Hercules Gold Project located in Walker Lane, Nevada. Since acquiring the Hercules Gold Project in September 2024, the Company has begun rapidly advancing the project. We have summarized the efforts of previous operators and established the Exploration Target. In addition, we were quick to mobilize for our initial drilling program with the goal of confirming and expanding the known mineralization at Hercules. Our initial campaign completed 7 drillholes totaling approximately 1,400 meters, with all samples currently in process and the results to be released."

The technical report includes a drill defined, bulk tonnage Exploration Target prepared in accordance with the guidelines set forth in National Instrument (NI) 43-101, the report establishes a baseline Exploration Target for Hercules ranging between 819,000 and 1,018,000 ounces of gold (Au) within 40.3 million to 65.6 million tonnes of mineralized material at an estimated grade range between 0.48 and 0.63 grams per tonne (g/t) Au. The quantity and grade are conceptual in nature, as there has not been sufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource. The Exploration Target expressed should not be misrepresented or misconstrued as an estimate of a mineral resource or mineral reserve. The Exploration Target Model has not been evaluated for reasonable prospects of eventual economic extraction.

The Exploration Target was developed using historical drilling, trenching data, and gold assay results. Mineralization trends were evaluated using Artificial Intelligence (AI) to generate a trend model, which informed the construction of grade shells in combination with current geological understanding. These grade shells were used to estimate the distribution of mineralized tonnes and to support the generation of grade-tonnage curves. The Exploration Target and AI generated model will be utilized to guide future drilling in these areas of known mineralization.

The Exploration Target used data from the Sirens, Hercules, Cliffs, Loaves, Lucky Rusty, Rattlesnakes, and Northeast showings on the Hercules Gold Project. In this area there are a total of 306 historical drillholes yielding a total of 31,776 meters in the drillhole database along with data for 121 surface trenches. The drillhole database contains a total of 18,409 sample interval entries, with the trenches providing another 475 sample entries. A total of 5,620 sample intervals are contained within the mineralization domains utilized for the Exploration Target.

The Company completed 7 drillholes into the northern portion of the Hercules Gold Project testing the Hercules, Cliffs and Loaves targets. All drillholes visually returned alteration and silicification that is consistent with gold mineralization in previous drill campaigns. All samples from the drillholes are at the assay lab and results will be released as they become available.