Announcement • Jul 21
Strikepoint Gold Announces Final Results of Drilling At Hercules Gold Project StrikePoint Gold Inc. has announced a third and final batch of assay results from its Spring 2026 drill program on the Hercules Gold Project in Nevada's prolific Walker Lane. The SW Cliffs area continues to return large intercepts of continuous mineralization highlighted by hole H26005 cutting several zones including 67.06 meters grading 0.53 g/t Au with 11.69 g/t Ag centered around a high-grade core of 7.62 meters grading 2.93 g/t Au and 54.48 g/t Ag. The favourable results from H26005 correlate well with previously released holes H26004, H26012, and H26014 potentially defining a broad zone of gold mineralization to the southwest sector of the Cliffs Target, which remains open for expansion and may be exploitable via an open pit. Additional holes announced targeted shallow mineralization and were generally successful in identifying mineralization where expected at Hercules. The 2026 Spring exploration campaign consisted of 29 holes testing multiple, shallow, oxide gold targets at the Hercules Gold Project. The program was a continuation of prior years' drilling and successfully expanded the known mineralization at Hercules, particularly on the Cliffs Target area where several significant oxide gold intercepts have been returned. The Cliffs Target remains open for further expansion. All scientific and technical information disclosed in this news release has been reviewed and approved by Michael G. Allen, P.Geo., President and Chief Executive Officer of the Company, a qualified person as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). Mr. Allen has verified the data disclosed in this news release, including the sampling, analytical, and quality assurance/quality control data and procedures described under "QA/QC" below, and is not aware of any limitations on, or failure of, that verification process. Samples were split in the field using industry standard techniques. Samples were sealed in individual numbered bags prior to shipment to ALS Global in Reno, Nevada for sample preparation, prior to assaying in ALS Global facilities in North Vancouver. Gold is determined by fire-assay fusion of a 30-gram sub-sample with atomic absorption spectroscopy (AAS). Various metals including silver, arsenic, and antimony are analyzed by inductively-coupled plasma (ICP) atomic emission spectroscopy, following multi-acid digestion. ALS Geochemistry meets all requirements of International Standards ISO/IEC 17025:2017 and ISO 9001:2015. ALS Global operates according to the guidelines set out in ISO/IEC Guide 25. The Company maintains a robust QA/QC program that includes the collection and analysis of duplicate samples and the insertion of blanks and standards (certified reference material). New Risk • Jun 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.6m free cash flow). Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$8.11m market cap, or US$5.82m). Minor Risk Share price has been volatile over the past 3 months (14% average weekly change). New Risk • May 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$3.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.6m free cash flow). Shareholders have been substantially diluted in the past year (50% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$9.98m market cap, or US$7.24m). 
