| STRIKEPOINT COMPLETES PURCHASE OF YUKON PORTFOLIO FROM IDM MINING March 28, 2017, Vancouver, BC – StrikePoint Gold (TSX.V:SKP) (“StrikePoint” or the Company) is pleased to announce that it has completed the purchase of an extensive portfolio of properties located in the Yukon from IDM Mining Ltd. (TSX.V:IDM) (“IDM”). Terms of the Transaction: StrikePoint has issued 10.5 million common shares and paid $150,000 in cash to IDM.
StrikePoint must incur $1,500,000 in exploration expenditures on the Yukon Properties by December 31, 2017.
IDM has the right to appoint two representatives to the StrikePoint board of directors. IDM has the first right of refusal over any proposed disposition of the Yukon Properties and has been granted certain anti-dilution rights. Yukon Properties The Yukon portfolio consists of 14,031 claims covering 22 properties totaling 282,000 hectares (the “Properties”). The Properties cover multiple tectonic and metallogenic environments as well as a variety of mineral deposit styles common in Yukon. The Properties were previously held by Ryan Gold Corp. (“Ryan Gold”) and its subsidiaries, and received significant exploration work, with approximately $25 million (as disclosed in Ryan Gold’s 2014 year end MD&A) in expenditures incurred. The Properties have limited holding costs. Previous work by Ryan Gold included significant exploration drill programs on two of the Properties, with tens of thousands of rock and soil samples collected during exploration programs in several districts throughout Yukon. Additionally, geophysical surveys and geologic mapping programs have outlined many anomalous areas that have not received follow-up work. Maps, photos and descriptions of the extensive portfolio are available on the company’s website www.strikepointgold.com Andy Randell, PGeo, of SGDS Hive, has acted as the qualified person under National Instrument 43-101 and has reviewed and approved the content of this news release. STRIKEPOINT GOLD INC. ANNOUNCES $3 MILLION PRIVATE PLACEMENT March 23, 2017, Vancouver, BC –StrikePoint Gold Inc. (TSX.V:SKP) (“StrikePoint” or the Company) is pleased to announce that is has arranged a $3,000,000 non-brokered private placement consisting of 6,779,664 Flow-Through Shares (the “FT Shares”) at an issuance price of $0.295 per FT Share for total proceeds of $2,000,000 and 3,389,000 Non-Flow Through Units (the “NFT Units”) at a price of $0.295 per NFT Unit for total proceed of $1,000,000. Each NFT Unit will consist of one non-flow through common share and one non-flow through share purchase warrant with each warrant being exercisable at a price of $0.50 for a period of two years from closing. The Company further announces that concurrent with this announcement, it has closed on the 6,779,664 FT Shares for total proceeds of $2,000,000. The FT Shares will be subject to a hold period expiring on July 24, 2017. Finder’s fees of $140,000 cash and 474,576 finder’s warrants will be paid to Medalist Capital Ltd. in connection with this closing. The finder’s warrants will have an exercise term of two years from issuance with an exercise price of $0.295 and be subject to a holder period expiring on July 24, 2017. It is anticipated that a 7% finder’s fee, payable in cash and warrants will be paid in connection with the balance of the financing. The proceeds from the issuance of the FT Shares will be used to incur Canadian exploration expenses on the Company’s gold projects located in the Yukon Territory, and the proceeds from the NFT Units will be used by the Company for general working capital. It is anticipated that the closing of the $1,000,000 NFT Units will be on or before March 31, 2017 STRIKEPOINT ANNOUNCES FILING OF A NI 43-101 TECHNICAL REPORT ON THE MAHTIN PROPERTY, YUKON TERRITORY March 15, 2017, Vancouver, BC –StrikePoint Gold Inc. (TSX.V:SKP) (“StrikePoint” or the Company) has filed a NI 43-101 Technical Report for the Mahtin Property, Dawson & Mayo Mining District, Yukon Territory. The Mahtin Property is 100% owned by StrikePoint Gold. The Mahtin Property consists of three contiguous claims: Mahtin, May-Qu and Alp-Alpine-Forty-Callum. The Mahtin Property is located 50 kilometers’ North West of the town of Mayo, Yukon Territory. The Mahtin area is comprised of 1,434 claims, covering an area of 28,577 hectares. The Property’s two mineralized intrusion-related gold system (IRGS) showings, the Sprague Creek and Bos stock, are the primary targets of mineral exploration. Each intrusive is associated with mineralized skarns along the nonconformities with calcareous country rock. The mineralization style is synonymous with corresponding IRGS-deposits: Dublin Gulch, Scheelite Dome, Brewery Creek, Ida Oro, and Fort Knox. The report was authored by an independent qualified person, Andrew P. Randell, P.Geo. and is available for review under the Company’s website www.strikepointgold.com and the company’s profile on SEDAR. ON BEHALF OF THE BOARD of STRIKEPOINT GOLD
Shawn Khunkhun
CEO and Director For more information, contact:
Shawn Khunkhun
604-602-1440
sk@strikepointgold.com |