Cancellation of Stock Option Grant SKP: TSXV, STKXF: OTCQX

STRIKEPOINT GOLD INC.

Cancellation of Stock Option Grant

SKP: TSXV, STKXF: OTCQX FOR IMMEDIATE RELEASE

CALGARY, ALBERTA – June 6, 2011. StrikePoint Gold Inc. (the "Company") today announced that it has cancelled 6,550,000 incentive stock options issued pursuant to the stock option plan of the Company in June 2010. Following the option cancellation, the Company has 5,425,000 stock options outstanding.

For further information please contact:

Investor Relations Toll Free: 1(877)317-1660 [email protected]

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

W:\068447\0002\News Release - Cancellation of Options.docx