SKP.V · 2022-03-02 12:00:00

StrikePoint Gold Extends Willoughby Mineralized Trend: 9.88 metres of 4.95 g/t Au Equivalent

Drill Results

StrikePoint Gold Extends Willoughby Mineralized Trend:

9.88 metres of 4.95 g/t Au Equivalent

Vancouver, British Columbia — March 2, 2022, StrikePoint Gold Inc. (“StrikePoint” or the “Company”)

(SKP: TSX.V)(STKXF: OTCQB) is pleased to announce the results from the remaining 13 holes of the 2021

diamond drill program at the 100%‐owned Willoughby property, located near Stewart in British

Columbia’s prolific Golden Triangle. The 2021 drilling program was designed to further narrow the gaps

between the seven high‐grade mineralized zones within the Willoughby nunataq and explore northeast,

one kilometre across the Willoughby glacier at the Willow zone which displays high‐grade analog

mineralization. Assays were previously announced from the initial four drill holes on December 9, 2021.

Assays are still pending from surface sampling on the Willoughby Property. In 2021, 4,050 metres of

drilling was completed in seventeen holes as well as 129 metres of surface chip channel samples were

completed at both the Icefall and Edge zones following up on 2020 surface results and in‐field

observations.

Drilling was successful in extending the 1,300m long high‐grade gold and silver mineralization trend on

the northern end at the Willow Zone, the northernmost limit of drilling to date on the Property.

Mineralization is wide open for expansion. Highlights from the Willow Zone include:

 W21‐115 : 4.95 g/t AuEq over 9.88 m and 10.93 g/t AuEq over 1.50 m within a broader interval of

2.76 g/t AuEq over 26.50 m

 W21‐116 : 11.26 g/t AuEq over 3.00 m and 2.61 g/t AuEq over 4.00 m

 W21‐123 : 3.07 g/t AuEq over 3.00 m

 W21‐124 : 37.19 g/t AuEq over 0.50 m

Drilling on the Willoughby nunatak bridged the gap in mineralization between the Wilby and North zones

and confirmed continuity of the mineralized horizon at the Edge zone. Edge zone results include:

 W21‐117 : 2.76 g/t AuEq over 6.50 m and 10.16 g/t AuEq over 1.50 m within a broader interval of

1.92 g/t AuEq over 19.50 m

 W21‐118 : 2.52 g/t AuEq over 3.00 m within a broader interval of 0.97 g/t AuEq over 10.00 m

 W21‐119: 3.25 g/t AuEq over 3.50 m within a broader interval of 1.54 g/t AuEq over 9.00 m

 W21‐120: 3.38 g/t AuEq over 3.00 m within a broader interval of 1.20 g/t AuEq over 17.00 m

“Willoughby continues to deliver discoveries of different styles of gold‐silver mineralization. The

concentration of sulphides encountered at Willow is truly impressive, even by Golden Triangle standards.

Receipt of these high‐grade assays at the margins of the replacement‐style massive sulphides will allow

us to target expansion drilling to the north, south, and down‐dip mineralization during the 2022 field

season,” said Shawn Khunkhun, President and CEO of StrikePoint Gold.

Figure 1. Overview Map of Willoughby’s Mineralized Zones

Willow Zone

The Willow zone is the northernmost limit of mineralization drilled on the Willoughby property to date,

separated by approximately 850 metres from the North Zone by the Willoughby glacier. In 2021, seven

holes were completed from two pads in the Willow Zone. The drilling explored extensions of the

mineralization trend, followed up on the 2020 surface results and an outlined north‐northwest striking,

steep westerly dipping structure analog to the faults observed at the Willoughby nunataq linked with

bonanza gold and silver grades.

Figure 2. 2021 Willoughby Drilling – Willow zone drill holes plan view map

The drilling defined mineralization at the Willow zone further to the northeast of the known zone and

confirmed close similarities with the mineralization observed on the nunataq in the five other mineralized

zones (Wilby, Edge, Wilkie, Upper & Lower Icefall). Drill Hole W21‐115 intersected 4.95 g/t AuEq over

9.88 metres and 10.93 g/t AuEq over 1.5 metres, within a broader interval of 2.76 g/t AuEq over 26.50

metres drilling northeast under the Willoughby ice sheet extending the Willoughby mineralization trend

150 metres to the north‐east. From the second drill pad, drill hole W21‐122 to W21‐124 targeted

mineralized contact between the Jurassic volcanic rock package and the dioritic intrusion. W21‐123

intersected 3.07 g/t AuEq over 3.00 metres, and W21‐124 intersected 37.19 g/t AuEq over 0.50 metres.

Mineralization observed consisted of massive pyrite with sphalerite‐chalcopyrite in limestone near‐

surface and intersected gold mineralization occurring proximal to Goldslide intrusion suite linked to

mineralization at Ascot Resources’ Red Mountain Deposit, located seven kilometres west of Willoughby.

The intrusive dykes to sills are interpreted to pool gold‐bearing sulphides in the permissive Jurassic‐aged

rocks creating wide areas of disseminated gold‐silver mineralization.

Figure 3: Massive replacement‐style pyrite, sphalerite, chalcopyrite in contact with dioritic intrusive

analog to the Goldslide intrusive at the Willow Zone in hole W21‐115 grading 4.95 g/t AuEq over 9.88 m.

W21‐116 intersected 11.26 g/t AuEq over 3.00 metres and 2.61 g/t AuEq over 4.00 metres mineralized

intervals are within a fault breccia with strong pyrite cement interpreted to be the down‐dip extension

along strike of the north‐northwest fault mapped at the surface during the 2020 surface program. These

mineralized intercepts extend the Willow north structure, 100 metres southeast under the Willoughby ice

sheet.

Figure 4: Fault breccia with strong pyrite cement in hole W21‐116 grading 2.08 g/t AuEq over 10.00 m

Edge Zone

At the Edge zone, significant gold mineralization was encountered in five drill holes completed from the

same pad, 1000m south of Willow. The Edge zone is one of seven significant mineralized areas discovered

to date on the Willoughby nunataq.

Figure 5. 2021 Willoughby Drilling – Edge zone drill holes plan view map

The 2021 drilling program at the Edge Zone was designed to step out from and extend gold mineralization

along strike from the high‐grade encountered during the 2020 surface program (news release December

14, 2020, up to 37.3 g/t Au & 263 g/t Ag in new areas of massive sulphide and veining). W21‐117

intersected 2.76 g/t AuEq over 6.50 metres and 10.16 g/t AuEq over 1.5 metres within a broader interval

of 1.92 g/t AuEq over 19.50 metres and W21‐120 intersected 3.38 g/t AuEq over 3.00 metres within a

broader interval of 1.20 g/t AuEq over 17.00 metres. The mineralization intersected in these holes

consists of replacement‐style sulphides within permeable lapilli tuff strata of the Early Jurassic lower

Hazelton group. Mineralization is concordant with bedding and ranges from semi‐massive to massive

pyrite with accessory sphalerite‐chalcopyrite. Goldslide suite dioritic intrusive sills are observed in

proximity to the zone.

Figure 6. Edge zone mineralization in hole W21‐120 on the Willoughby nunataq grading 3.38 g/t AuEq

over 3.00 m within a broader interval of 1.20 g/t AuEq over 17.00 m.

Future drilling planned for 2022 will step out in all directions from 2021 intercepts at Willow zone and

along the mineralized trend on the Willoughby nunataq with a focus between Icefall, Wilby, and Edge

zones. Exploration drilling will focus on the unexplored gap between Willow and the North zone as the

extension of the mineralized trend to the south of the property.

Hole‐ID Zone From

(metres)

Length

(metres)

Gold

(g/t)

Silver

(g/t)

AuEq

(g/t)

W21‐112 Icefall Abandoned at 8.00 m due to poor ground conditions

W21‐113 Willow 3.00 5.00 2.00 1.04 17.50 1.29

99.00 99.50 0.50 4.49 32.20 4.95

W21‐114 Willow 40.60 61.00 20.40 0.41 3.31 0.46

74.00 75.50 1.50 1.26 2.40 1.30

W21‐115 Willow 5.00 6.50 1.50 0.61 18.20 0.87

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