Strikepoint Completes Sale of Yukon Properties to Snowline GOLD

STRIKEPOINT COMPLETES SALE OF YUKON PROPERTIES TO SNOWLINE GOLD

Vancouver, British Columbia — October 20, 2022 StrikePoint Gold Inc. (“StrikePoint” or the “Company”)

(SKP:TSX.V) (STKXF:OTCQB) is pleased to announce that , further to the Company’s news release dated

September 20, 2022, the Company has completed the sale of substantially all of Strike Point’s Yukon

properties to Snowline Gold (“Snowline”) (CSE: SGD) (OTCQB: SNWGF) . As consideration for the

properties, Strike Point received from Snowline a cash payment of $500,000 and 500,000 common

shares of Snowline (with an approximate value based on current market of $1,375,000).

The properties sold include: Golden/Nug/Oly, Can East, Horn, How, MacEast, Nordic, Otter, PPM, TET

and Tintina. The projects are located mainly in the Mayo and Watson Lake Min ing districts. The Golden

Oly project an intrusive -related gold system, located approximately 75 kilometers south of Snowline

Gold’s flagship Rogue.

About StrikePoint

StrikePoint Gold is an exploration company focused on discovering high-grade precious metals resources

in Canada. The Company controls two advanced -stage exploration assets in BC’s Golden Triangle. The

past-producing Porter silver project and the Willoughby gold project, located adjacent to Ascot Gold’s

Red Mountain development project.

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 it’s 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 further information: Shawn Khunkhun, CEO & Director, 1-604-609-5137, www.strikepointgold.com