Vancouver, British Columbia — November 9, 2020, StrikePoint Gold Inc. (SKP:TSX.V)(STKXF:OTCQB) is pleased to announce it has arranged a non-brokered $1 million flow through private placement (the “Placement”) of 4,761,906 units at a price of $0.21 per unit (each a “Unit”). It is anticipated that offering be subscribed by one single institutional investor.

Each Unit will comprise one common share and one share purchase warrant (each a “Warrant”). Each Warrant will entitle the holder to acquire an additional common shares of the Company at an exercise price of $0.25 per share for a period of two years.

Finder’s fees may be payable in connection with the Placement in accordance with applicable securities laws and the policies of the TSX Venture Exchange (“TSXV”).

The proceeds of the Placement will be utilized to fund the Company’s exploration activities on its existing mineral property portfolio.

Directors and officers of the Company may acquire securities under the Placement, which participation would be considered to be a “related party transaction” as defined under Multilateral Instrument 61-101 (“MI 61-101”). Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101.

The closing of the Placement is subject to receipt of all necessary regulatory approvals, including the acceptance of the TSXV.

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