StrikePoint Announces Upsize of Bought Deal Private Placement to C$160 Million

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VANCOUVER, British Columbia, Aug. 20, 2026 (GLOBE NEWSWIRE) — (SKP: TSX.V) (STKXF: OTCQB) StrikePoint Gold Inc. (“StrikePoint” or the “Company”) is pleased to announce that as a result of strong investor demand, the Company has amended its agreement with Canaccord Genuity Corp. (the “ Underwriter ”), to increase the size of its previously announced “bought deal” private placement to 80,000,000 subscription receipts of 1599042 B.C. Ltd. (“ FinCo ”) at a price of C$2.00 per subscription receipt (the “ Offering Price ”) for gross proceeds of $160,000,000 (the “ Brokered Offering ”).

The Company shall grant the Underwriter an option to purchase up to an additional 15,000,000 subscription receipts at the Offering Price for additional gross proceeds of up to C$30,000,000 exercisable at any time up to 48 hours prior to the closing of the Brokered Offering. Each Subscription Receipt will entitle the holder thereof to receive one post-Consolidation common share in the capital of the Company (each, a “ Share ”) without any additional consideration or further action upon satisfaction of the Escrow Release Conditions (as defined below).

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The net proceeds from the Brokered Offering will be used to satisfy the cash component of the Transaction, as such term is defined in the Company’s press release dated August 19, 2026, to advance exploration and development activities at the Northumberland project, and for general corporate purposes (less than 10%).

The gross proceeds from the Brokered Offering, less certain expenses of the Underwriter (the “ Escrowed Proceeds ”) will be placed into escrow, subject to the completion or satisfaction of all escrow release conditions, including, among other things, the completion or satisfaction of all conditions precedent included in the Agreement and the receipt of all required corporate and regulatory approvals in connection with the Transaction (collectively, the “ Escrow Release Conditions ”) to be set out in a subscription receipt agreement to be entered into on or about the closing date of the Brokered Offering between the Company, FinCo, the Underwriter, and an escrow agent (the “ Escrow Agent ”). Provided that the Escrow Release Conditions are satisfied or waived (where permitted) prior to 5:00 p.m. (Toronto time) on the date that is 45 days following closing of the Brokered Offering (the “ Escrow Release Deadline ”), the Underwriter’s fees will be released to the Underwriter from the Escrowed Proceeds, and the balance of the Escrowed Proceeds (less certain expenses of the Escrow Agent) will be released to the Company, and each Subscription Receipt shall be automatically converted into one Share of the Company upon the amalgamation of FinCo and HoldCo, pursuant to an amalgamation agreement to be entered into among the Company, Finco, and HoldCo.