StrikePoint Gold To Consolidate Shares And Acquire Northumberland Gold Project

StrikePoint Gold Inc., a Vancouver-based multi-asset gold exploration company, has announced a series of significant developments. The company will proceed with a share consolidation, refile a technical report, and close the acquisition of the Northumberland Gold Project, a flagship project located in Nevada, USA. These moves are expected to provide StrikePoint with substantial financial resources to advance the project.

The share consolidation will occur on the basis of ten (10) pre-consolidation securities for every one (1) post-consolidation security. The consolidation is expected to take effect on October 2, 2026, with the Effective Date. Following the consolidation, the company will have approximately 7,239,238 common shares issued and outstanding. Once the subscription receipts issued in connection with the financing convert into shares, StrikePoint will have approximately 102.2 million shares issued and outstanding.

In the event that the consolidation results in a fractional post-consolidation share, fractional share interests of 0.50 or higher will be rounded up to one whole share, and fractional share interests of less than 0.50 will be cancelled. The new CUSIP number for the post-consolidation shares will be 86332K509, and the new ISIN will be CA86332K5098.

Registered shareholders of record as of the Effective Date who hold physical share certificates will receive a letter of transmittal from the company's transfer agent, Computershare Trust Company of Canada, with instructions on how to exchange their existing share certificates for new share certificates representing post-consolidation shares. Shareholders whose shares are represented by a direct registration system statement will automatically receive their post-consolidation shares without any further action. Beneficial shareholders who hold their shares through a broker or other intermediary and do not have shares registered in their own names will not be required to complete a letter of transmittal but are encouraged to contact their intermediaries if they have any questions.

The company anticipates closing the previously announced acquisition of the Northumberland Gold Project from subsidiaries of Newmont Corporation on or about October 6, 2026. The acquisition, funded by a $190,000,000 bought deal of subscription receipts, will provide StrikePoint with approximately C$90 million in cash to undertake a comprehensive work program. Goals include resource expansion and infill, and technical, economic, and environmental studies. Northumberland, which has been idle for more than 15 years, represents an exceptional opportunity to define and develop a gold project of significant scale, located in the mining-friendly jurisdiction of Nevada, USA.

There were no material changes to the technical report.

Nevada is one of the most important gold mining jurisdictions in the world, with over 218 million ounces of gold produced to date. Multiple large mining companies operate mines in the state, including Nevada Gold Mines (Barrick/Newmont), Kinross, SSR Mining, McEwan Mining, and Integra Resources.