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Goldstrike and Newmont Mining plan for up to 10,000 meter drill program on Plateau in 2018

December 11, 2017 – Goldstrike Resources Ltd. (GSR.V) is pleased to report that it has successfully completed the 2017 exploration season and is preparing for the official handover of the Plateau project to Newmont Mining Corporation (NYSE: NEM).

The Company incurred exploration expenditures in excess of $6,000,000 CAD and drilled over 2,900 meters in 2017. In addition, the Company had the benefit of the use of a number of Newmont’s proprietary exploration techniques and technologies. The resulting data, together with previously gathered data (see October 4, 2017 News Release), is currently being compiled and used for modeling.

The 2017 drilling was principally focused on understanding and modeling the controls of the high-grade gold mineralization present at surface and in core from previous drill campaigns, and successfully identified multiple key target areas and new surface gold mineralization along the 70 kilometre long Yellow Giant trend, confirming a district-scale gold mineralized system. All drill results are available on the Company’s website at www.goldstrikeresources.com. All gold mineralized targets tested in 2017 remain open along strike and to depth.

Based on the data obtained from the 2017 program and interpretations of that data, Newmont has confirmed that the 2018 drill program will consist of up to 10,000 meters utilizing multiple drill rigs to test multiple key target areas. With drill results now in hand, Newmont has commenced the process of planning that program and intends to commence its 2018 drill program as early in the new year as possible.

The 2018 program is forecasted to be the largest and most extensive drill program in the Plateau property’s history, and is expected to exceed all historical drilling meters combined. Newmont already has in process an application to the Government of Yukon for an expanded Advanced Exploration Permit in order to facilitate next year’s exploration and drilling program.

Message from Wayne Trudel, Newmont Group Executive North America Exploration

Wayne Trudel, Newmont’s Group Executive for exploration in North America, said: “Our collaboration with Goldstrike in the exploration of the Plateau Property during the 2017 field season laid a solid foundation for Newmont to further advance the Plateau project. Plateau represents a large property position on an emerging, prospective high-grade gold trend in the Yukon. Newmont expects to complete up to 10,000 meters of drilling on the property in 2018, building on the integrated geological, geochemical and geophysical modeling and targeting completed in 2017. We look forward to continuing to work closely with our partner going forward as they hand over management of the 2018 field exploration program”.

Message from Goldstrike’s President and CEO, Terrence King:

“We are pleased to have a partner in Newmont Mining that has the proprietary technologies, depth and experience to move the Plateau project forward. We are confident that our shareholders are in very capable hands as we hand over the Plateau project for 2018 and beyond. The Goldstrike team will continue to work closely with its partner going forward to assist where we can, in order to unlock the full value of the Plateau district-scale gold system. We look forward to the 2018 Plateau drill program with great anticipation.”

Stefan Kruse, Ph.D., P. Geo., Chief Geologist, is a qualified person as defined by National Instrument 43- 101, for Goldstrike’s Yukon exploration projects and had supervised the preparation of, and has reviewed and approved, the technical information in this release.

OTHER

Sample analysis and assaying for all of Goldstrike’s projects has been conducted by Bureau Veritas in Vancouver, BC, which is ISO 9001 accredited. Soil samples are dried at 60C and 100 grams are sieved to – 80 mesh. A 15 gram sample split is then leached in aqua regia at 95 degrees C and analyzed by a 36- element ICP package that includes semi-quantitative gold. Rock and drill core samples are crushed to 80%
– 10 mesh and a 500 gram sample split is pulverized to 85% -200 mesh. 50 gram charges are then assayed for gold using fire assay fusion and ICP-ES finish with a lower detection limit of 2 ppb and an upper detection limit of 10 ppm Au. In addition, 0.5 mg charges are digested by modified 1:1:1 aqua regia (HCl- HNO3-H20) and analyzed by 36-element ICP-MS that also includes semi-quantitative gold with a lower detection limit of 0.5 ppb Au and an upper detection limit of 100 ppm Au. Selected samples are subjected to 500 gram metallic fire assays, for which the plus fraction is finished gravimetrically and the minus fraction is finished with AA. Rigorous procedures are in place regarding sample collection, chain of custody, and data entry. Certified assay standards, duplicate samples and blanks are routinely inserted into the sample stream to ensure integrity of the assay process.

ON BEHALF OF THE BOARD

Terrence E. King
President and Chief Executive Officer

For new information from the Company’s programs, please visit Goldstrike’s website at GoldstrikeResources.com. For further information follow the Goldstrike’s tweets at Twitter.com/GoldstrikeRes or contact Jeff Stuart of King James Capital Corporation, handling Investor Relations for the Goldstrike, by telephone at (604) 210-2150 or by email at jstuart@kingjamescapital.com.

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.

Forward-Looking Statements

Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; expectations regarding future exploration and drilling programs and receipt of related permitting; and the plans for completion of the contemplated transactions with Newmont as set out above. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as “anticipates”, “expects”, “understanding”, “has agreed to” or variations of such words and phrases or statements that certain actions, events or results “would”, “occur” or “be achieved”. Although Goldstrike has attempted to identify important factors that could affect Goldstrike and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. In making the forward-looking statements in this news release, if any, Goldstrike has applied several material assumptions, including the assumption that general business and economic conditions will not change in a materially adverse manner. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Goldstrike does not assume any obligation to release publicly any revisions to Forward- Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Goldstrike Drills 5.36 grams per tonne gold over 22 m at Lucky Strike, Whitegold District – Yukon

Nov 20, 2017 – Goldstrike Resources Ltd. (GSR.V) is pleased to report that a discovery drill hole (DDLS-17-
09) has intersected a broad zone of near surface gold mineralization at the Monte Carlo zone on the Lucky Strike property grading 5.36 grams per tonne gold over 22 metres, including 18.79 grams per tonne gold over 5.72 metres (Table 1).
Goldstrike successfully completed 1,032 m of diamond drilling in the nine shallow exploratory holes that constituted the 2017 drill program (Map 1 – Drill Plan). Assay results from hole DDLS-17-08 are still pending, but all other holes intersected gold mineralization over a 200 m strike length. The mineralized zone remains open at depth and in all directions. This drill program utilized HTW large diameter size core to optimize recovery due to the brittle and highly oxidized nature of the near surface gold mineralization. Additional maps and sections can be viewed at: Lucky Strike Project.

Gold mineralization comes to surface in a series of silicified and heavily oxidized zones that have a strong geochemical association with silver, bismuth, tellurium, mercury, antimony, molybdenum and copper.

Drilling at Lucky Strike in 2017 was designed to test a 450 by 1,450 metre coincident geochemical gold anomaly and geophysical target located at the Monte Carlo zone. The Monte Carlo zone is only one of five large gold anomalies along a 10 kilometre trend on the property, and only the Monte Carlo zone has been drill tested to date. These gold anomalies have been defined by a combination of soil geochemistry, mechanized trenching and prospecting and are coincident with ground and airborne geophysical anomalies. The four other large gold-in-soil anomalies are the Belmont zone, measuring 1,500 by 800 meters, the Samson zone, measuring 600 by 300 meters, the Boss zone, measuring 1,000 by 1,000 meters, and the Maverick zone, measuring 200 by 150 meters. Collectively, this gold mineralized trend is coincident with a magnetic geophysical anomaly which is believed by the Company’s geological team to represent a regional scale shear zone, providing for additional strong discovery potential on the Lucky Strike property. The Lucky Strike property covers over 150 square kilometers and remains largely unexplored.
Link to past Lucky Strike news Release: October 12th New Release.

In August of 2017 Goldstrike received its Class 3 advanced exploration permit for the Lucky Strike project. This permit will accommodate advanced exploration and drilling programs in the years to come. The company is currently planning for an extensive exploration and drilling program in 2018

STATEMENTS
Message from Terry King, President and CEO:
“The Lucky Strike property is a unique and attractive asset with excellent infrastructure including an airstrip. The property is 100% owned without the burden of any underlying royalties or property payments, and is strategically located along the planned haul road to Goldcorp’s Coffee Creek gold deposit. The results to date demonstrate that the project is one of the most important new discoveries in the White Gold Camp in 2017 and has the makings to be a flagship standalone project. We look forward to optimizing the project’s value for our shareholders. The 2018 exploration season is shaping up to be the largest drill campaigns to date on both Lucky Strike and Plateau properties. We would like to take this opportunity to thank the Yukon government once again for all of its support over the years that helped bring the Lucky Strike property from an idea to one of the most significant new discoveries in the White Gold District. WORKING TOGETHER WE SUCCEED.”
Chief Geologist Stefan Kruse, Ph.D., P.Geo states:
“The results from the 2017 program exceeded the goals set by the geologic team. The inaugural drill program on the Monte Carlo Zone clearly demonstrated the tremendous potential of the entire Lucky Strike Property. We look forward to aggressively drilling the Monto Carlo zone in 2018 to expand on the mineralization intersected and advancing the other four untested gold zones along the ten kilometre long Lucky Strike corridor. This corridor and the remainder of the Lucky Strike property demonstrates strong untapped potential”
Goldstrike and its partner Newmont look forward to releasing the exploration and drill results from the 2017 exploration on Plateau Property in the near future, once all results have been received, compiled and interpreted. Goldstrike has been invited to display drill core from its 2017 program and sections of drill core will be on display at the Yukon Geoscience Forum in Whitehorse on November 20, 2017.

OTHER

Sample analysis and assaying for all of Goldstrike’s projects have been conducted by Bureau Veritas Mineral Laboratories Canada (formerly Acme Analytical Laboratories Ltd) in Vancouver, BC, which is ISO 9001 accredited laboratory. Rock and drill core samples are crushed, split and pulverized to 250 g pulp, 200 mesh. Analysis includes AQ200 modified 1:1:1 aqua regia (HCl-HNO3-H20) digestion and 36-element ICP-MS which includes semi-quantitative gold with a lower detection limit of 0.5 ppb Au and an upper detection limit of 100 ppm Au. In addition gold content is analysed using the ICP-ES FA350-Au fire assay procedure. Over-limit samples are analysed using the FA530-Au fire assay with gravimetric finish and FA652-Au metallic screen fire assay procedures. Rigorous procedures are in place regarding sample collection, chain of custody and data entry. Certified QA/QC assay standards samples and blanks are routinely inserted into the sample stream to ensure integrity of the assay process.
Stefan Kruse, Ph.D., P.Geo., Chief Geologist, is a qualified person as defined by National Instrument 43-101 for Goldstrike’s Yukon exploration projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.
Please visit the website at https://www.goldstrikeresources.com to see new maps and drill sections under what’s new on the home page.

ON BEHALF OF THE BOARD
Terrence E. King
President and Chief Executive Officer
For new information from the Company’s programs, please visit Goldstrike’s website at GoldstrikeResources.com. For further information follow the Goldstrike’s tweets at Twitter.com/GoldstrikeRes or contact Jeff Stuart of King James Capital Corporation, handling Investor Relations for the Goldstrike, by telephone at (604) 210-2150 or by email at jstuart@kingjamescapital.com.

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.

Forward-Looking Statements

Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; expectations regarding future exploration and drilling programs and receipt of related permitting; and the plans for completion of the contemplated transactions with Newmont as set out above. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as “anticipates”, “expects”, “understanding”, “has agreed to” or variations of such words and phrases or statements that certain actions, events or results “would”, “occur” or “be achieved”. Although Goldstrike has attempted to identify important factors that could affect Goldstrike and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. In making the forward-looking statements in this news release, if any, Goldstrike has applied several material assumptions, including the assumption that general business and economic conditions will not change in a materially adverse manner. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Goldstrike does not assume any obligation to release publicly any revisions to Forward- Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Goldstrike Discovers New Gold Zones on the Hot Spot and Bull’s Eye Properties, White Gold District, Yukon

November 21, 2017 – Goldstrike Resources Ltd. (GSR.V) is pleased to report two significant gold-in-soil discoveries, the “Sure Bet” gold zone on the newly staked Hot Spot property and the “Gold Crest” zone on the newly staked Bull’s Eye property. Both gold mineralized zones remain wide open for expansion. Discovery of these projects comes as result of Goldstrike’s in-house project generation efforts, led by a world class team with a proven track record of success. Successful project generation resulting in discovery continues to add assets to the company’s portfolio for long term growth.

HOT SPOT PROPERTY

Sure Bet zone – 150 by 150 metre high grade gold-in-soil anomaly that remains open. Reconnaissance soil sampling in 2017 returned three multi-gram values as high as 4.1 grams per tonne gold. The soil grid contained 97 samples. From this grid:

  • Three samples contained gold ranging from 1021 ppb gold to 4110 ppb.
  • Three samples contained gold ranging from 330 ppb gold to 867 ppb.
  • Ten samples contained gold ranging from 99.8 ppb gold to 245 ppb.
  • Fourteen samples contained gold ranging from 34 ppb gold to 71 ppb.

Rock chip grab samples from hand dug pits near soil sample sites have also returned up to 389 ppb gold.

Recommended follow-up exploration includes expanding the soil grid to define the full extent of the gold anomaly, mechanized trenching and ground geophysics, all in preparation for drilling. Soil geochemical results from the Sure Bet zone exceed those seen early on at Goldstrike’s Lucky Strike property. The company will apply the same cost effective, proven techniques to the Hot Spot property that resulted in a discovery at Lucky Strike. See Figure 1 below for a summary of the results.

The Hot Spot property overlies a steeply incised gold bearing placer creek, coincident with a major contact between a regionally mapped Eocene felsic volcanic plug (porphyritic rhyolite) and older Permian to Proterozoic basement schists. A regional stream sediment sample containing 123 ppb gold (a 99th percentile sample within the Yukon regional stream sediment database) was collected from a stream draining from the property. The source of this anomalous sample remains to be located. Follow- up exploration of the catchment area is a key priority for the next phase of exploration.

Figure 1 – Hot Spot Property, 2017 Exploration Summary.
BULL’S EYE PROPERTY

Gold Crest zone – 250 by 200 metre high-grade gold-in-soil anomaly that remains open. 2017 soil sampling returned values up to 215 ppb gold in soils from 121 samples collected. Of the samples collected from this grid, twenty-eight samples contained gold ranging from 31.9 ppb gold to 215 ppb. Rock grab samples from the Gold Crest zone contained up to 253 ppb Au.

Recommended follow-up exploration includes expanding the soil grid to define the full extent of the gold anomaly, mechanized trenching and ground geophysics, all in preparation for drilling. See Figure 2 below for a summary of the 2017 results.
Figure 2 – Bull’s Eye Property, 2017 Exploration Summary.

The Bull’s Eye property is adjacent to and contiguous with K2 Gold Corporation’s Wels property where recent drilling intersected 2.37 g/t Au over 28.5 m in 2017 (August 10, 2017 – K2 Gold Corporation News Release). The southern portion of the property is drained by creeks containing anomalous gold values in regional stream sediment samples.

Both the Gold Crest and Sure Bet zones are original discoveries on ground with no recorded historical work.

STATEMENTS

Message from Terry King, President and CEO:

“The Goldstrike team members are top tier project generators with a long, proven track record of success, as demonstrated by the Plateau and Lucky Strike discoveries. Lucky Strike is one of the most important new discoveries in the White Gold Camp in 2017. The newly added Hotspot and Bulls Eye properties will complement our portfolio of properties in the White Gold District, all of which are 100% owned without the burden of underlying royalties or property payments. This model for project generation has been the catalyst for Goldstrike’s growth and has allowed us to create important new strategic relationships and partnerships such as our current joint venture with Newmont Mining. We look forward to expanding on all of our exciting new discoveries in 2018.”

Message from Chief Geologist Stefan Kruse, Ph.D., P.Geo:

“These early-stage results from the Hot Spot and Bull’s Eye properties are extremely encouraging. Positive gold-in-soil anomalies are one of the best predictors for discovering new gold deposits in the White Gold district.”

OTHER

Sample analysis and assaying for all of Goldstrike’s projects have been conducted by Bureau Veritas Mineral Laboratories Canada (formerly Acme Analytical Laboratories Ltd) in Vancouver, BC, which is ISO 9001 accredited laboratory. Soil samples are dried at 60C, and 100 grams are sieved to -80 mesh. A 15 gram sample split is then leached in aqua regia at 95 degrees C, and analyzed by a 36-element ICP package that includes semi-quantitative gold. Rock and drill core samples are crushed to 80% -10 mesh, and a 500 gram sample split is pulverized to 85% -200 mesh. 50 gram charges are then assayed for gold using fire assay fusion and ICP-ES finish with a lower detection limit of 2 ppb, and an upper detection limit of 10 ppm Au. In addition, 0.5 mg charges are digested by modified 1:1:1 aqua regia (HCl-HNO3- H20) and analyzed by 36-element ICP-MS that also includes semi-quantitative gold with a lower detection limit of 0.5 ppb Au and an upper detection limit of 100 ppm Au. Rigorous procedures are in place regarding sample collection, chain of custody and data entry. Independent reference standards and blank were not used due to the reconnaissance nature of this work. Top-tier soil samples were sent for reanalysis to confirm grades. Grab samples are selective by nature and are unlikely to represent average grades on the property.

Stefan Kruse, Ph.D., P.Geo., Chief Geologist, is a qualified person as defined by National Instrument 43- 101 for Goldstrike’s Yukon exploration projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.

Please visit the website at https://www.goldstrikeresources.com to see new maps and drill sections under what’s new on the home page.

ON BEHALF OF THE BOARD

Terrence E. King
President and Chief Executive Officer
For new information from the Company’s programs, please visit Goldstrike’s website at GoldstrikeResources.com. For further information follow the Goldstrike’s tweets at Twitter.com/GoldstrikeRes or contact Jeff Stuart of King James Capital Corporation, handling Investor Relations for the Goldstrike, by telephone at (604) 210-2150 or by email at jstuart@kingjamescapital.com.

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.

Forward-Looking Statements

Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; expectations regarding future exploration and drilling programs and receipt of related permitting; and the plans for completion of the contemplated transactions with Newmont as set out above. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as “anticipates”, “expects”, “understanding”, “has agreed to” or variations of such words and phrases or statements that certain actions, events or results “would”, “occur” or “be achieved”. Although Goldstrike has attempted to identify important factors that could affect Goldstrike and may cause actual actions, events or results to differ materially from those described in Forward- Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. In making the forward-looking statements in this news release, if any, Goldstrike has applied several material assumptions, including the assumption that general business and economic conditions will not change in a materially adverse manner. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Goldstrike does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Goldstrike trenches 2.87 grams per tonne gold over 22.5 meters including 4.19 grams per tonne gold over 15 meters on lucky strike

October 12, 2017 – Goldstrike Resources Ltd. (GSR.V) is pleased to report that it has successfully completed its most ambitious exploration program to date on its on its 100% owned Lucky Strike property, located in the heart of the White Gold camp in ,Yukon. The 2017 program, which included significant additional mechanized trenching and the Company’s first diamond drilling carried out on the property, has met all goals established by Goldstrike’s geological team.

2017 EXPLORATION UPDATE

Drilling

The first phase of drilling on the Lucky Strike property was recently completed and consisted of 1,033 meters of diamond drilling in nine holes on the Monte Carlo zone. Assay results are pending.

Trenching

A total of 1,091 meters of mechanized trenching was completed over the Monte Carlo Zone in 2017. The Monte Carlo gold in soil anomaly has been expanded to 1,400 x 450 meters and remains open. The 2017 work has confirmed gold mineralized bedrock in trenches over a 450 meter strike length and the zone remains open both to the NW and SE.
Highlights from the 2017 Trenching include:

  • 2.87 g/t Au over 22.5 m including 4.19 g/t Au over 15 m at TR-17-06
  • 6.70 g/t Au over 2.5 m at TR-17-04
  • 0.69 g/t Au over 30 m including 1.07 g/t Au over 12 m at TR-17-09

All of the trenches along a total strike length of 450 m excavated during the 2017 trenching program encountered gold mineralization in bedrock or sub-crop near surface. The 2016 trench LS-TR-16-10 ended in mineralization and the mineralized zone is still open to the NE (see November 21, 2016 News Release). Additional 2017 trenching results are shown in Figure 1.

Lucky Strike 10 Kilometre Gold Mineralized Trend

There are five large gold-in-soil anomalies on the Lucky Strike property within a ten kilometre long northwest–southeast oriented trend of gold mineralization, four of which remain to be drill tested. This trend is coincident with a magnetic geophysical anomaly which is now believed to represent a regional- scale shear zone. The gold in soil anomalies are named the Monte Carlo Zone, measuring 1400 X 450 meters, the Belmont zone, measuring 1500 by 800 meters, the Samson zone, measuring 600 by 300 meters, the Boss zone, measuring 1,000 by 1,000 meters, and the Maverick zone measuring 200 x 150 meters.

Figure 1 – Lucky Strike property, Monte Carlo Zone 2017 trench results and ground magnetic survey. NAD83 Zone 7 coordinates.
Geochemistry
The Monte Carlo gold in soil anomaly was expanded to 1,400 meters by 450 meters in 2017 and remains open.

Remote Sensing
A 150 square kilometer, high-resolution, property-wide airborne LIDAR scan was completed during 2017.

Ground Geophysics
Over 40 line kilometers of ground geophysical surveying was completed during 2017.

WHITE GOLD PROPERTY PORTFOLIO

The White Gold portfolio consists of the flagship Lucky Strike property and five other gold properties known as The Hotspot, Bulls Eye, Kings Ransom, BRC and Gold Source. Four of the White Gold properties were staked in 2017 and are the result of the company’s own project generation work. All six White Gold properties are 100% owned with no underlying royalties or property payments.

The 2017 work program in the White Gold district has been the largest exploration campaign by Goldstrike in its eight year history within this newly discovered gold camp.

The main focus of the 2017 program was at the Lucky Strike property where a class 3 exploration permit was received late in the summer 2017. The class 3 permit will be used to accommodate future large scale exploration and drill programs.

FIRST PASS RECONNASANCE EXPLORATION PROGRAMS IN WHITE GOLD

DISTRICT HOTSPOT

Newly generated and staked in 2017, the Hotspot property is comprised of 184 quartz claims. Exploration work included collection of 268 soil samples and 27 rock samples. The highlight of the soil sampling program to date is a soil sample containing 4 grams per tonne gold. Additional soil assay results continue to be received and compiled.

BULLS EYE

Newly generated and staked in 2017, the Bulls Eye property is comprised of 112 quartz claims. Exploration work included collection of 308 soil samples and 27 rock samples. Assay results for this work are pending.

KINGS’S RANSOM

Newly generated and staked in 2017, the King’s Ransom property is comprised of 702 quartz claims. Exploration work included collection of 536 soil samples and 13 rock samples. Assay results are currently being compiled.

GOLD SOURCE

Newly generated and staked in 2017, the Gold Source property is comprised of 540 quartz claims. Exploration work included collection of 405 soils samples, 19 rock samples and 1 silt sample. Assays results are currently being compiled.

WHITE GOLD PROPERTY HIGHLIGHTS

100 % OWNED. NO UNDERLYING ROYALTIES OR PROPERTY PAYMENTS

  • Five large gold geochemical anomalies discovered over a ten km strike length.
  • All gold geochemical anomalies are open for expansion
  • Total trenching at Lucky Strike in 2016 and 2017: 1,864 m.
  • Total drilling in 2017: 1,033 m on the Lucky Strike property, Monte Carlo zone.
    Property covers current and past-producing placer gold creeks.
  • Lucky Strike and BRC are contiguous with Kinross’s Golden Saddle property.
  • Grab sample from the Boss Zone assayed 41.7 g/t gold.
  • Visible gold observed in rock at Samson zone.
  • Samson zone 2016 trenching returned 0.32 g/t gold over 12 m, including 0.41 g/t gold over 6 m and the zone remains open (see Sept. 26, 2016 New Release)
  • Up to 1.9 g/t gold-in-soil at the Monte Carlo Zone.
  • The Lucky Strike property is over 150 square kilometers in size.
  • The property has excellent potential to host near surface gold deposits.
  • Strong geological similarities to both Coffee Creek and Golden Saddle deposits.

Infrastructure

  • Commercial barge landing and airstrip nearby.
  • Proposed haul road for Goldcorp’s Coffee Creek deposit crosses the Lucky Strike property in two locations.
  • 90 kilometers south of Dawson City and international airport.
    Adjacent to Yukon River, excellent river access.
  • Property has a permitted airstrip within the claim boundary.

Message from the President and CEO:

“The 2017 trenching results from Goldstrikes’ original discovery of the Monte Carlo gold zone and confirmation of the ten kilometer long Lucky Strike trend of gold mineralization are strong indications that the property has excellent potential to host several near surface gold deposits. The Lucky Strike property is in close proximity to both the Coffee Creek and Golden Saddle deposits, and has excellent access. . Drilling targeted the surface gold mineralized zones that were outlined by trenching and soil geochemistry programs. This methodology has a proven track record of success in un-glaciated terrains as was demonstrated at both Goldcorp’s Coffee Creek deposit and Kinross’ Golden Saddle deposit. We look forward to reporting results from the first diamond drill program in the near future.

The company continues to review options on how best to realize full value of the Lucky Strike property for our shareholders. We also thank the Yukon Government for the YMEP grant and for continuing to support our new generative grass roots exploration programs in the White Gold District as they did at both Plateau and Lucky Strike – programs that have greatly contributed to our exploration success. WORKING TOGETHER WE SUCCEED.”

OTHER

Sample analysis and assaying for all of Goldstrike’s projects have been conducted by Bureau Veritas Mineral Laboratories Canada (formerly Acme Analytical Laboratories Ltd) in Vancouver, BC, which is ISO 9001 accredited laboratory. Rock and drill core samples are crushed, split and pulverized to 250 g pulp, 200 mesh. Analysis includes AQ200 modified 1:1:1 aqua regia (HCl-HNO3-H20) digestion and 36-element ICP-MS which includes semi-quantitative gold with a lower detection limit of 0.5 ppb Au and an upper detection limit of 100 ppm Au. In addition gold content is analysed using the ICP-ES FA350-Au fire assay procedure. Rigorous procedures are in place regarding sample collection, chain of custody and data entry. Certified assay standards samples and blanks are routinely inserted into the sample stream to ensure integrity of the assay process.
Note: Grab samples are selective by nature, and are unlikely to represent average grades on the property.
Stefan Kruse, Ph.D., P. Geo., Chief Geologist, is a qualified person as defined by National Instrument 43- 101, for Goldstrike’s Yukon exploration projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.

ON BEHALF OF THE BOARD

Terrence E. King
President and Chief Executive Officer

For new information from the Company’s programs, please visit Goldstrike’s website at GoldstrikeResources.com. For further information follow the Goldstrike’s tweets at Twitter.com/GoldstrikeRes or contact Jeff Stuart of King James Capital Corporation, handling Investor Relations for the Goldstrike, by telephone at (604) 210-2150 or by email at jstuart@kingjamescapital.com.

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.

Forward-Looking Statements

Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; expectations regarding future exploration and drilling programs and receipt of related permitting; and the plans for completion of the contemplated transactions with Newmont as set out above. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as “anticipates”, “expects”, “understanding”, “has agreed to” or variations of such words and phrases or statements that certain actions, events or results “would”, “occur” or “be achieved”. Although Goldstrike has attempted to identify important factors that could affect Goldstrike and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. In making the forward-looking statements in this news release, if any, Goldstrike has applied several material assumptions, including the assumption that general business and economic conditions will not change in a materially adverse manner. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Goldstrike does not assume any obligation to release publicly any revisions to Forward- Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

2017 Exploration program update on goldstrike’s yukon plateau property

October 4, 2017 – Goldstrike Resources Ltd. (GSR.V) is pleased to announce that it has successfully completed the 2017 Plateau property exploration program in conjunction with its strategic partner, the Canadian subsidiary of Newmont Mining Corporation (NYSE: NEM) (see News Release, March 6th, 2017). The 2017 program is the most extensive exploration campaign carried out to-date on the Plateau property.
The 2017 program met its goals, highlights include:

  • DRILLING – 2972 meters of diamond drilling was completed in 23 three holes at the Goldstack, Bonanza, Big Bang and Goldbar priority target areas (Figure. 1). Final assay results are pending.
  • STAKING – Recent staking of an additional 434 claims brings the total size of the property to 3167 claims over 662 square kilometers. This staking, in addition to the previously announced property expansion, (see News Release, May 15th 2017) represents a 57% increase in the Plateau Property land position and extends the “Yellow Giant Gold Trend” from 50 km to 70 km in length.
  • AIRBORNE GEOPHYSICS – A 1617 square kilometer, high-resolution airborne survey has been completed covering the entire property using a proprietary system belonging to Newmont. An additional 864 square kilometers of SkyTEMTM airborne data was also successfully acquired over the property.
  • REMOTE SENSING – Airborne LiDAR, high-resolution satellite imagery and Radarsat-2 data was acquired over the entire property. Structural analysis of this data is pending.
  • GROUND GEOPHYSICS – Ground geophysical surveys including 9.5 line kilometers of IP, 14.5 line kilometers of gravity and 14.5 line kilometers of ground EM was completed.
  • GEOCHEMISTRY – 4300 conventional soil samples were collected on newly staked ridges and spurs as well as on focused grids at Gold Rush, Bonanza, Bullion, Big Bang, and Goldstack. In addition, DSG (Deep Sensing Geochemistry) and BLEG (Bulk Leach Extractable Gold) samples were collected for analysis using Newmont’s proprietary processes. Final assay results for the soil and DSG samples are pending.
  • PROSPECTING – Collection of 421 grab sample and 138 channel samples was completed. Final assay results for these samples are pending.
  • MAPPING – District-scale and detailed structural mapping and analysis by Newmont’s consulting geologist and Goldstrike geologists was completed.

In addition to the exploration work, a second multiyear camp located 17 km west of the existing camp was added to accommodate district scale exploration programs. Existing docks and infrastructure were also upgraded. The second camp provides for efficient access for exploration along the full length of the 70 km long gold mineralized system.
Based on exploration results in 2017, drill equipment was left onsite in anticipation of a more extensive exploration and drill program in 2018. With this in mind the Company is applying to expand its advanced exploration permit to include the new claims staked to cover the extension of this new, 70 km long, district- scale gold mineralized system that will accommodate the 2018 exploration and drilling program.

The technical teams of both Goldstrike and Newmont will be compiling results in collaboration with contractors. After assay results are received, compiled and interpreted a steady stream of news is anticipated over the coming months.
Message from the President and CEO:

“This is an exciting time for Goldstrike and its new partner, world class miner Newmont. The Yukon has certainly received a very strong vote of approval from multiple senior gold producers recently. The Plateau project has been expanded from a subtle silt anomaly to confirmation and discovery of a new district-scale gold mineralized system. Partnering with Newmont has provided the experience required to successfully explore this extensive gold mineralized system and access to their proprietary mine-finding technologies. This is a great time for Goldstrike. We look forward to reporting results in the near future and unlocking the full potential of this gold mineralized system long into the future. Working together with Newmont, First Nations, the Yukon government and all other Yukon stakeholders we will succeed.”

Stefan Kruse, P. Geo., Chief Geologist, is a qualified person as defined by National Instrument 43-101, for Goldstrike’s Yukon exploration projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release.

ON BEHALF OF THE BOARD

Terrence E. King
President and Chief Executive Officer
For the new Plateau Property map, please visit Goldstrike’s website at www.GoldstrikeResources.com under “Gold Projects – What’s New”. For further information follow the Goldstrike’s tweets at Twitter.com/GoldstrikeRes or contact Jeff Stuart of King James Capital Corporation, handling Investor Relations for the Goldstrike, by telephone at (604) 210-2150 or by email at jstuart@kingjamescapital.com.

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.

Forward-Looking Statements
Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; expectations regarding future exploration and drilling programs and receipt of related permitting; and the plans for completion of the contemplated transactions with Newmont as set out above. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as “anticipates”, “expects”, “understanding”, “has agreed to” or variations of such words and phrases or statements that certain actions, events or results “would”, “occur” or “be achieved”. Although Goldstrike has attempted to identify important factors that could affect Goldstrike and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. In making the forward-looking statements in this news release, if any, Goldstrike has applied several material assumptions, including the assumption that general business and economic conditions will not change in a materially adverse manner. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Goldstrike does not assume any obligation to release publicly any revisions to Forward- Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Goldstrike commences exploration at lucky strike, white gold camp

July 10, 2017 – Goldstrike Resources Ltd. (GSR.V) is pleased to announce that it has commenced a program of mechanized trenching, ground geophysics, geochemistry and diamond drilling on its 100% owned Lucky Strike property in the White Gold Camp of Central Yukon, 30 kilometres northwest of Goldcorp’s Coffee Creek deposit and 15 kilometres east of White Gold Corp.’s Golden Saddle deposit.

In preparation for the 2017 drill program, the Company will use mechanized trenching to define the full dimensions of the extensive gold mineralization in bedrock identified in samples taken in the newly discovered Monte Carlo Zone during 2016. Trench sample results of 0.42 gpt gold over 154 metres (incl.0.76 gpt/78 m and 3 gpt/8 m) are comparable in both grade and width to the original discovery trenches at the Golden Saddle and Coffee Creek gold deposits (News Release September 26, 2016).

Many of the trenches in Goldstrike’s 2016 program terminated in gold mineralized bedrock and will be extended in the upcoming program. Step-out trenches within the 1450 by 350 meter gold in soil anomaly at Monte Carlo will focus on a linear induced polarisation geophysical anomaly that coincides with both anomalous gold in soil geochemistry and trenches. Diamond drilling will systematically test these targets to fully determine the scale and extent of the Monte Carlo gold mineralization along strike and to depth.

The four other large gold in soil anomalies that define the 10-kilometre long gold corridor on the Lucky Strike property – Belmont, Samson, Boss and Maverick – all remain open for expansion. Ground geophysical surveys, soil geochemistry and mechanized trenching will focus on delineating additional diamond drill targets.

Goldstrike owns a 100% interest in the Lucky Strike, BRC, Kings Ransom, Goldsource, Hotspot and Bullseye properties free and clear of all encumbrances, including royalties. Goldstrike’s holdings in the White Gold District total 1970 claims and its total Yukon land holdings including the Plateau property now total 4,704 claims covering over 1,000 square kilometres.
Further detailed property information is available at www.goldstrikeresources.com.
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James Moors, P. Geo., Chief Geologist, is a qualified person, as defined by National Instrument 43-101, for Goldstrike’s Yukon exploration projects and supervised the preparation of, and has reviewed and approved, the technical information in this release.

ON BEHALF OF THE BOARD

Terrence E. King
President and Chief Executive Officer
For new information from the Company’s programs, please visit Goldstrike’s website at GoldstrikeResources.com. For further information follow the Goldstrike’s tweets at Twitter.com/GoldstrikeRes or contact Jeff Stuart of King James Capital Corporation, handling Investor Relations for the Goldstrike, by telephone at (604) 210-2150 or by email at jstuart@kingjamescapital.com.

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.
Forward-Looking Statements

Statements contained in this news release that are not historical facts are “forward-looking information” or “forward-looking statements” (collectively, “Forward-Looking Information”) within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. Forward-Looking Information includes, but is not limited to, disclosure regarding possible events, conditions or financial performance that is based on assumptions about future economic conditions and courses of action; and the plans for completion of the contemplated transactions with Newmont as set out above. In certain cases, Forward-Looking Information can be identified by the use of words and phrases such as “anticipates”, “expects”, “understanding”, “has agreed to” or variations of such words and phrases or statements that certain actions, events or results “would”, “occur” or “be achieved”. Although Goldstrike has attempted to identify important factors that could affect Goldstrike and may cause actual actions, events or results to differ materially from those described in Forward- Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. In making the forward-looking statements in this news release, if any, Goldstrike has applied several material assumptions, including the assumption that general business and economic conditions will not change in a materially adverse manner. There can be no assurance that Forward-Looking Information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on Forward-Looking Information. Except as required by law, Goldstrike does not assume any obligation to release publicly any revisions to Forward-Looking Information contained in this news release to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.