Strikepoint Signs Definitive Agreement to Sell Glacier Creek Property to American Creek
STRIKEPOINT SIGNS DEFINITIVE AGREEMENT TO SELL GLACIER CREEK PROPERTY TO AMERICAN CREEK
Vancouver, British Columbia — January 21st, 2020 StrikePoint Gold Inc. (“StrikePoint” or the
“Company”) (SKP:TSX.V)(STKXF:OTCQB) announces that the company has signed a definitive agreement
dated January 16, 2020, with American Creek Resources (AMK:TSX.V) with respect to the acquisition by
American Creek of 100 per cent of StrikePoint’s Glacier Creek property. The property is located
approximately 8km northeast of the town of Stewart in British Columbia’s, Golden Triangle. The terms of
the transaction set out in the definitive agreement include:
• American Creek will acquire 100 per cent of the property;
• American Creek will issue three million common shares to StrikePoint;
• American Creek will make a cash payment to StrikePoint of $50,000;
• StrikePoint will retain a .5 per cent net smelter return royalty, which can be purchased for an
additional cash payment of $500,000.
StrikePoint CEO Shawn Khunkhun commented: “With back to back property divestments, StrikePoint is
demonstrating an ability to create a portfolio of shares in active junior mining companies. With over 20
gold and silver properties still under 100% ownership, it’s our goal to continue on a path of M&A
activity. We are giving our shareholders exposure to multiple companies and assets through this
strategy. We will continue to focus our exploration on our flag ship projects Porter and Willoughby,
while having other partners develop our non-core assets. With specific regard to the American Creek
transaction, we are very excited to give our shareholders exposure not only to Glacier Creek and the
Dunwell Property, but also the Treaty Creek Property. Treaty Creek is one of the most exciting new
discoveries in the Golden Triangle that is 60% owned by Tudor Gold (TUD:TSX,V), 20% carried interest by
both Teuton Resources (TUO:TSX.V) and American Creek.”
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 statemen ts 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