Gold Strike Announces Receipt of a 10-Year Class 3 Quartz Exploration Permit for Gold Strike One Project and Provides Commentary with Respect to Mineral Tenure

Operational Milestone and Permitting

• Gold Strike Resources Corp. received a 10-Year Class 3 Quartz Exploration Permit for its GS1 Project in the Yukon on May 12, 2026.
• The permit authorizes advanced exploration activities including drilling and construction of a camp capable of housing up to 30 people.
• Construction of the new camp is scheduled to commence in June 2026 to support GS1 and adjacent GS2 projects.

Evaluation of News Significance

• Routine Execution: The permit receipt validates the exploration strategy announced during the March/April financing and acquisition phases (March 3, April 8). It was an anticipated step required to unlock capital deployment for drilling.
• Risk Mitigation: Addressing the Snowline Gold conflict is a positive risk management move, clarifying tenure status before heavy infrastructure investment begins. However, it does not eliminate the dispute entirely, merely asserts rights under current guidelines.
• Capital Context: The permit enables the use of proceeds from the $17.2M financing closed on May 4, 2026. Without this permit, capital deployment would have been stalled; with it, execution can proceed as planned.

Corporate Profile

• Name: Gold Strike Resources Corp.
• Ticker: TSXV: GSR, OTC: GDSRF
• Strategy: Build value through disciplined exploration, strategic land control, and partnerships across the Tombstone Gold Belt.
• Management: Peter Miles (CEO), Buddy Doyle (President). Advisory board includes industry veterans from De Beers, Teck, Barrick.