Strikepoint Signs Definitive Agreement to Sell Mahtin Property to Sitka GOLD
STRIKEPOINT SIGNS DEFINITIVE AGREEMENT TO SELL MAHTIN PROPERTY TO SITKA GOLD
Vancouver, British Columbia — January 14th, 2020 StrikePoint Gold Inc. (“StrikePoint” or the “Company”)
(SKP:TSX.V)(STKXF:OTCQB) announces that the company has signed a definitive agreement dated
January 13, 2020, with Sitka Gold with respect to the acquisition by Sitka of 100 per cent of StrikePoint’s
Mahtin property. The property is located approximately 40km northwest of the town of Mayo in the
central Yukon Territory. The terms of the transaction set out in the definitive agreement include:
• Sitka Gold will acquire 100 per cent of the property;
• Sitka Gold will issue two million common shares to StrikePoint;
• StrikePoint will retain a 1 per cent net smelter return royalty, which can be purchased for an
additional cash payment of $1-million.
StrikePoint CEO Shawn Khunkhun commented: “The Mahtin transaction will provide StrikePoint with a
significant share position in Sitka and a royalty on the Mahtin property. This will provide StrikePoint
shareholders with exposure not only to the exploration upside at Mahtin, but to Sitka’s entire project
portfolio, which include the Burro Creek Gold-Silver Deposit in Arizona, the Alpha Gold Project in Nevada
and the RC Gold Property in the Yukon. Sitka’s has a strong technical team, good share structure with
significant ownership by management and have demonstrated an ability to finance operations.
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