Strikepoint Gold plans 2026 drill program at Hercules

Executive Summary

• Strikepoint Gold Inc. announced its 2026 operational plan, centering on a resource definition drilling program at the Hercules gold project in Nevada.
• The primary objective is to convert the current National Instrument 43-101 exploration target into an inferred resource estimate, with a maiden resource estimate targeted for the third quarter of 2026.
• The company entered into a consulting agreement with Capital Analytica and granted incentive stock options to directors, officers, and contractors as part of its corporate and investor relations strategy.

Key Details

• Drilling Program Scope: Approved budget for approximately 30 reverse circulation holes totaling approximately 3,500 metres.
• Drilling Timeline: Program expected to begin in early March 2026 and last up to 60 days.
• Assay Results: First assays expected in mid-April 2026; final results expected in June 2026.
• Resource Estimate: Data compilation will follow drilling, with a maiden resource estimate anticipated in Q3 2026.
• Project Location: Hercules gold project, located in Nevada's Walker Lane, approximately one hour from Reno.
• Project Assets: Consists of 1,323 unpatented claims and four patented claims covering approximately 100 square kilometres.
• Exploration Target: Current target developed using historical drilling, trenching data, and AI-generated trend models to guide future drilling.
• Consulting Agreement: Entered into a six-month consulting services agreement with Capital Analytica (Triomphe Holdings Ltd.) dated Dec. 22, 2025.
  • Fee: Aggregate of $150,000 payable in two installments.
  • Services: Capital markets and social media consultation, sentiment/engagement reporting, news release dissemination, and marketing communications.
  • Renewal Option: Option to renew for a further six-month term for a fee of $75,000.
• Stock Options Granted to Contractors:
  • Capital Analytica: Granted options to purchase 100,000 common shares at $0.15 per share, exercisable until Dec. 22, 2030. Vesting is quarterly over 12 months in 25% tranches.
  • Knox Communications Inc.: Granted 80,000 incentive options at $0.15 per share, exercisable until Dec. 22, 2030, with identical vesting terms.
• General Option Grant: Aggregate of 1,765,000 incentive stock options granted to directors, officers, consultants, and employees.
  • Exercise Price: $0.15 per share.
  • Expiry: Dec. 22, 2030.
  • Vesting: Quarterly over 12 months in 25% tranches.
  • Resale Restriction: Options granted to directors, officers, consultants, and contractors are subject to resale restrictions until April 22, 2026.

Notable Quotes

• "Two thousand twenty-six will be a transformational year for Strikepoint. We anticipate launching a drill program in early March, 2026, at our Hercules gold project located in Nevada's Walker Lane. The goal of the program is to provide sufficient data for a maiden resource estimate on the property in the third quarter of 2026. This work program is the beginning of an opportunity to unlock significant shareholder value as we believe the Hercules gold project is an underappreciated asset within the Walker Lane. The drill program will be the first step in rerating the company in an improving gold market." — Michael G. Allen, President and CEO