Strikepoint Gold Inc. Completes Sale of Black Raven

June 1, 2017, Vancouver, BC –StrikePoint Gold Inc. (TSX.V:SKP) (OTCQB:STKXF) (“StrikePoint” or the Company) is pleased to announce the completion of the sale of the Black Raven to Canadian Orebodies.

The agreement pertains to a document dated April 23, 2017, between Canadian Orebodies Inc. and Strikepoint Gold Inc., whereby Canadian Orebodies has agreed to acquire a 100-per-cent interest in 31 mineral claims (the Black Raven property) located 14 kilometres northeast of Marathon, Ont.

Under the terms of the agreement, Canadian Orebodies will make a $15,000 cash payment, issue 1.25 million common shares and issue 250,000 common share purchase warrants as consideration. Each warrant entitles the holder to acquire one common share at 63 cents for a one-year period.

Canadian Orebodies has also executed a termination and assumption agreement dated April 23, 2017, with the underlying optionors of the property, in order to terminate the underlying option agreement, discharge a future milestone payment and assume the underlying royalty obligations. The termination agreement requires Canadian Orebodies to issue 200,000 common shares on closing to the optionors and assume a 2.5-per-cent net smelter royalty.

In relation to the transaction, the company has issued a finder’s fee of 61,555 common shares to Caravan Ventures Ltd. at a deemed value of $0.53 per share. The finder’s fee shares are subject to a regulatory hold period expiring on September 1, 2017.

ON BEHALF OF THE BOARD of STRIKEPOINT GOLD INC.

Shawn Khunkhun CEO and Director

For more information, contact:

Shawn Khunkhun 604-602-1440 [email protected]

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.

Suite 507, 837 West Hastings Street Telephone: (604) 602-1440 Vancouver, BC, V6C 3N6 Facsimile: (604) 685-5777 www.strikepointgold.com