StrikePoint Gold Reports Robust Final Assay Results from 2026 Spring Drilling at Nevada’s Hercules Gold Project

Noteworthy Gold-Silver Intercept in Hole H26005 at SW Cliffs Target

Hole H26005, drilled within the SW Cliffs sector of the Hercules Gold Project, delivered one of the most significant intercepts in the program. The hole intersected 67.06 metres averaging 0.53 g/t gold and 11.69 g/t silver. Within this interval, a high-grade core of 7.62 metres assayed 2.93 g/t gold and 54.48 g/t silver, marking the most concentrated portion of the mineralization.

Additional noteworthy intercepts from H26005 include 4.57 metres grading 0.16 g/t gold with 0.90 g/t silver; 7.62 metres at 0.18 g/t gold and 2.24 g/t silver; and 32.01 metres grading 0.20 g/t gold and 2.43 g/t silver. Collectively, these zones represent over 100 metres of gold-silver mineralization, per the company’s technical evaluation.

Demonstrated Continuity and Correlation with Prior Drilling at Cliffs Target

StrikePoint characterizes the H26005 results as evidence of continuous mineralization in the southwestern extremity of the Cliffs Target. These findings correlate closely with earlier drill holes H26004, H26012, and H26014, indicating a broad gold mineralization zone in this sector.

Management highlights that the Cliffs Target remains open for further expansion and could be amenable to open pit mining. The technical team notes that H26005 predominantly encountered oxide mineralization, supporting the company’s vision of developing Hercules as a potential heap leach operation.

Additional Drill Results from Spring 2026 Program

Besides H26005, the final assay release includes results from several holes targeting Loaves, Rattlesnakes, N Hercules, E. Loaves, N Rattlesnakes, and Lucky Rusty targets within the Hercules project. Notably, hole H26018 at N Hercules yielded 7.62 metres grading 1.28 g/t gold and 2.02 g/t silver, while hole H26022 at E. Loaves returned 1.52 metres grading 3.74 g/t gold.

Holes H26007, H26009, H26010, H26016, H26020, H26024, H26025, and H26029 reported various mineralized intervals with low to moderate grades, consistent with the company’s assessment of the program as "generally successful in identifying mineralization where expected." Holes H26015 and H26023 did not return significant mineralization.

Overview and Strategy of Spring 2026 Exploration Campaign

The Spring 2026 exploration at Hercules comprised 29 drill holes focusing on multiple shallow oxide gold targets. This program continued prior drilling efforts and successfully expanded known mineralization, especially at the Cliffs Target, where several significant oxide gold intercepts were recorded.

Michael G. Allen, President and CEO of StrikePoint, stated that drilling at the Cliffs Target during Spring 2026 yielded a combined 114.30 metres grading 0.63 g/t gold and 5.03 g/t silver across multiple holes. The company views this success as validation of its ongoing exploration strategy at Hercules.

Oxide Mineralization and Processing Potential

A key focus is the oxide nature of mineralization encountered. StrikePoint reports that H26005 predominantly contains oxide mineralization, aligning with the company’s vision for Hercules as a potential heap leach operation. Heap leaching is typically a cost-effective processing method for oxide ores compared to other techniques.

The company cautions that statements regarding heap leach suitability and lower-cost processing are forward-looking and not yet confirmed by metallurgical testing or economic studies. These perspectives reflect current observations but require further technical and economic validation.

Technical Review and Qualified Person Verification

All technical and scientific data in the announcement have been reviewed and approved by Michael G. Allen, P.Geo., President and CEO of StrikePoint, who qualifies as a qualified person under National Instrument 43-101 (NI 43-101). Although Mr. Allen is an officer and director and thus not independent, he has verified the sampling, analytical, and quality control procedures, confirming no limitations or failures in verification.

The company’s quality assurance program includes duplicate sampling, blanks, and standards with certified reference materials. Samples were processed at ALS Global, with gold analyzed by fire assay fusion of a 30-gram sub-sample using atomic absorption spectroscopy. Silver and other metals were measured by inductively-coupled plasma atomic emission spectroscopy after multi-acid digestion. ALS Geochemistry complies with ISO/IEC 17025:2017 and ISO 9001:2015 standards.

Walker Lane Expertise and Company Profile

Led by CEO Michael G. Allen, who has 15 years of experience in Nevada’s Walker Lane region, StrikePoint highlights his involvement in multiple transactions, including acquiring the Sterling Gold Project near Beatty, Nevada, now part of AngloGold Ashanti plc’s Arthur Gold project.

Additionally, Mr. Allen played a role in Northern Empire Resources Corp.’s sale to Coeur Mining Inc. for approximately C$120 million. StrikePoint positions itself as a multi-asset gold exploration company focused on building precious metals resources in the Western U.S. and Canada, supported by a Board and Management Team with expertise in exploration, finance, and engineering.

Project Location and Geological Context

The Hercules Gold Project lies within Nevada’s prolific Walker Lane, a region renowned for gold mineralization. The announcement provides drill collar coordinates and technical details for the 29 holes completed in Spring 2026, with collar elevations from roughly 1,644 metres to 2,016 metres and hole depths ranging from 60.96 metres to 280.416 metres.

Drilling targeted multiple shallow oxide gold zones across the property. Mineralization has been identified in several target areas, including SW Cliffs, Loaves, Rattlesnakes, Lucky Rusty, N Hercules, E. Loaves, and Hercules, with diverse grades and intercept widths reported.

Forward-Looking Statements and Exploration Outlook

StrikePoint’s release includes standard forward-looking disclaimers, noting that statements about future exploration, mineralization continuity and expansion, open pit mining potential, and oxide mineralization processing are based on current assumptions and expectations. The company stresses these forward-looking statements are not confirmed by economic or metallurgical studies and actual outcomes may differ materially.

Key risks include exploration results, permitting, market conditions, metal prices, and economic factors. StrikePoint advises readers not to place undue reliance on forward-looking information and states it does not intend to update such statements except as required by law.