StrikePoint acquires Northumberland Gold Project from Newmont

Escrow Release Conditions Satisfied for C$190 Million Bought Deal Financing Led by Canaccord Genuity

Vancouver, British Columbia--(Newsfile Corp. - October 6, 2026) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) (" StrikePoint " or the " Company ") is pleased to announce that it has completed its previously announced acquisition (the " Transaction ") of the Northumberland Gold Project (" Northumberland " or the " Project ") located in Nevada's Walker Lane, from subsidiaries of Newmont Corporation (" Newmont ") (NYSE: NEM ), pursuant to the definitive purchase agreement (the " Agreement ") described in the Company's news releases dated August 18, 2026, August 20, 2026, September 9, 2026 and September 29, 2026. The Transaction closed on October 6, 2026, and StrikePoint paid the upfront cash consideration of US$70 million at closing. Northumberland is a past-producing gold deposit, largely located on private land, that houses a significant mineral resource defined by more than 1,500 drill holes. StrikePoint has also agreed to make two additional contingent cash payments of US$25 million each in the future, the first within 120 days after completion of a feasibility study (the " Feasibility Study ") and the second within 120 days after achievement of certain commercial production milestones at Northumberland.

Key Transaction Highlights

Acquisition of a substantial gold deposit in Nevada's Walker Lane, a tier-one mining jurisdiction: Nevada is a top ranked mining jurisdiction with numerous operations in the state and an established, proven regulatory framework.

Independent mineral resource estimate ("MRE") of 2.86 million oz ( " Moz " ) of gold equivalent ( " AuEq " ) in the indicated category and 1.57 Moz of AuEq* in the inferred category contained within 67 million tonnes ("Mt") and 31 Mt, respectively.

* For grades by individual metals, see Table 1 below, which