Strikepoint Closes Sale of Mahtin Property to Sitka GOLD
STRIKEPOINT CLOSES SALE OF MAHTIN PROPERTY TO SITKA GOLD
Vancouver, British Columbia — January 31, 2020 StrikePoint Gold Inc. (“StrikePoint” or the “Company”)
(SKP:TSX.V)(STKXF:OTCQB) announces that, further to its news release dated January 14, 2020, it has
now completed the transaction with Sitka Gold Corp. (“Sitka”) with respect to the acquisition by Sitka of
100 per cent of StrikePoint’s Mahtin property. In consideration of the sale, StrikePoint will receive
2,000,000 common shares in the capital stock of Sitka. StrikePoint will retain a 1 per cent net smelter
return royalty, which can be purchased for an additional cash payment of $1-million.
About StrikePoint
StrikePoint Gold is a gold exploration company focused on building high -grade precious metals
resources in Canada. The company controls two advanced stage exploration assets in BC’s Golden
Triangle. The past -producing high -grade silver Porter Project and the high -grade gold property
Willoughby, which is adjacent to Red Mountain. The company also owns a portfolio of gold properties in
the Yukon.
ON BEHALF OF THE BOARD OF DIRECTORS OF
STRIKEPOINT GOLD INC.
“Shawn Khunkhun”
Shawn Khunkhun
Chief Executive Officer and Director
Statements in this release that are forward- looking statements are subject to various risks and
uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in
the Company's filings with Canadian securities regulators. Such information contained herein represents
management's best judgment as of the date hereof based on information currently available. The
Company does not assume any obligation to update any forward-looking statements, save and except as
may be required by applicable securities laws.
Neither the 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.
For more information, please contact
StrikePoint Gold Inc.
Shawn Khunkhun, CEO and Director
T: (604) 602-1440
W: www.strikepointgold.com