StrikePoint Announces Closing of $190,000,000 Bought Deal Private Placement of Subscription Receipts to Acquire and Explore the Northumberland Gold Project

StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) is pleased to announce the closing of the previously announced offering of subscription receipts of its subsidiary, 1599042 B.C. Ltd. (" FinCo "), for aggregate gross proceeds of $190 million (the " Offering "), which included the full exercise of the Underwriter's (as defined below) option. The Offering was completed on a "bought deal" private placement basis with Canaccord Genuity Corp. ( "Canaccord Genuity" or the "Underwriter" ) acting as sole underwriter. Subject to all necessary conditions being satisfied, the net proceeds of the Offering will be used to satisfy the cash component required to complete the Company's previously announced acquisition of the Northumberland Gold Project ( "Northumberland" ) in Nevada from subsidiaries of Newmont Corporation (the "Transaction" ), to advance exploration and development activities at Northumberland, and for general corporate purposes, as described in the Company's news release dated August 18, 2026.

Pursuant to the Offering, FinCo issued an aggregate of 95,000,000 subscription receipts (the " Subscription Receipts ") at a price of $2.00 per Subscription Receipt (the " Offering Price ") for gross proceeds of $190 million. The gross proceeds of the Offering less certain expenses of the Underwriter (such net amount, the " Escrowed Proceeds ") have been placed into escrow and will be released to the Company, subject to the completion or satisfaction of all escrow release conditions, including, among other things, the completion or satisfaction of all conditions precedent included in the purchase agreement for the Transaction and the receipt of all required corporate and regulatory approvals in connection with the Transaction (collectively, the " Escrow Release Conditions ") in accordance with a subscription receipt agreement among the Company, FinCo, the Underwriter and Computershare Trust Company of Canada, as subscription receipt agent (the " Subscription Receipt Agent ").

Provided that the Escrow Release Conditions are satisfied or waived (where permitted) prior to 5:00 p.m. (Toronto time) on October 24, 2026, or such later date as may be determined by the Underwriter in its sole discretion (the " Escrow Release Deadline "), the Underwriter's Fee (as defined below) will be released to the Underwriter from the Escrowed Proceeds, and the balance of the Escrowed Proceeds (less certain expenses of the Subscription Receipt Agent) will be released to the Company, and each Subscription Receipt shall automatically convert into one post-consolidation common share of the Company (a " Share ") upon the amalgamation of FinCo and 1599044 B.C. Ltd. (the " Purchaser "), a subsidiary of the Company, pursuant to an amalgamation agreement among the Company, FinCo and Purchaser (the " Amalgamation ").

In the event that the Escrow Release Conditions are not satisfied by the Escrow Release Deadline, the Subscription Receipt Agent shall return to the holders of the Subscription Receipts an amount equal to the aggregate offering price of the Subscription Receipts held by each such holder and their pro-rata portion of any interest or other income earned on the Escrowed Proceeds and the Subscription Receipts will be cancelled.

The Subscription Receipts sold under the Offering will be subject to an indefinite hold period under applicable Canadian securities laws. The Shares issuable on conversion of the Subscription Receipts in connection with the Transaction and the Amalgamation will not be subject to a restricted hold period under applicable Canadian securities laws. The Offering remains subject to the approval of the TSX Venture Exchange.