June 12, 2017 – Goldstrike Resources Ltd. (GSR.V) is pleased to announce that it has, in conjunction with its new strategic partner, a Canadian subsidiary of Newmont Mining Corporation (NYSE: NEM), commenced the most comprehensive exploration program to date on the Plateau property, situated in Central Yukon, 130 kilometres southeast of Mayo.

The program has been initiated with a close-spaced helicopter geophysical survey covering the entire
~571 square kilometre Plateau property, utilizing Newmont’s proprietary system. The results of that survey will be augmented with high resolution Radarsat-2 “bare-rock” surface mapping and half meter resolution satellite imagery to facilitate interpretation of the structural geology of the 50 kilometre long, district scale, gold mineralized corridor defined to date.

Goldstrike and Newmont have also commenced a program on large untested portions of the property using Newmont’s proprietary reconnaissance geochemistry (BLEG) technique. These technologies and methodologies have been refined through use on a multitude of properties around the globe and come with a proven track record of success that will greatly enhance Goldstrike’s ability to discover additional gold mineralization on the Plateau property.

Two float-plane accessible camps, complete with docks, will host the Newmont and Goldstrike technical teams and drilling crews that will carry out follow-up surveys and diamond drilling at Goldstack as well as other newly discovered areas containing high grade gold mineralized quartz veining and breccia systems such as “Big-Bang” and “Bonanza”. These and several other new gold showings were discovered in 2016, expanding the known extent of the district scale gold mineralized corridor from 25 kilometres to 50 kilometres. Ground geophysical and geochemical surveys will also be executed to further define the extent of gold mineralization on multiple zones within this corridor in preparation for the largest drill campaign to date.

ABOUT GOLDSTRIKE

Goldstrike is a well-funded exploration company with a focus on two projects in Yukon. It recently entered into a strategic alliance with a Canadian subsidiary of Newmont Mining Corporation to carry out a comprehensive, multi-year exploration program on its Plateau property, and with funding from Newmont and a Yukon YMEP grant added to proceeds from prior financings and the exercise of warrants, Goldstrike has the funding required to carry out a comprehensive 2017 program on its Lucky
Strike property and its two newly staked properties in the White Gold District. The Fraser Institute currently ranks Yukon as the No. 1 jurisdiction in the world for mineral potential.
The Plateau property covers ~571 square kilometres (5,700 hectares) in the Mayo Mining District and contains a district scale gold-mineralized system known as the Yellow Giant Trend. It is 100% owned by Goldstrike subject to a 3% NSR, of which one-third (1%) may be purchased for C$1,500,000 until March 22, 2020.
The Lucky Strike property is located in the White Gold District, 30 kilometres northwest of Goldcorp’s Coffee Creek gold deposit and 10 to 15 kilometres east of Kinross’ Golden Saddle gold deposit. Goldstrike owns a 100% interest in the Lucky Strike, BRC, Kings Ransom and Goldsource properties free and clear of all encumbrances, including royalties. Goldstrike’s Yukon land holdings, including those in the White Gold District, now total 4,704 claims covering over 1,000 square kilometres.
Goldstrike is committed to transparency and the promotion of health, safety, environmental and community interests, which are integral to the conduct of its business. The Company supports the rights of workers and the communities in which it operates. It respects the traditional rights and culture of the First Nations and their concern for the environment and preservation of their cultural heritage. The Company is committed to building relationships based on honesty, openness, mutual trust and involvement, and to working with local communities to develop relationships that focus on creating value for everyone. WORKING TOGETHER, WE SUCCEED.
To see additional information and maps of the Plateau Property and the new White Gold District assets, the Kings Ransom and Goldsource properties, please visit www.goldstrikeresources.com
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.

 May 15, 2017 – Goldstrike Resources Ltd. (GSR.V) is pleased to announce that it is mobilizing to the Plateau Property in central Yukon with its new strategic partner, a Canadian subsidiary of Newmont Mining Corporation (NYSE: NEM) (News Release March 6, 2017), to execute the most extensive exploration campaign ever carried out on the property.

Goldstrike and Newmont will execute an extensive program utilising many of Newmont’s proprietary exploration tools that have a proven record of success. Airborne and ground geophysical surveys, geochemistry, geological mapping, detailed sampling and extensive diamond drilling are all aimed at discovering additional zones of gold mineralization while better defining known zones of high grade gold mineralization. Goldstrike has allocated 100% of the proceeds from the recent C$6,200,000 equity investment by Newmont to its exploration program at Plateau.
The Plateau Property represents an entirely new and undeveloped district scale gold mineralized system in Canada’s Yukon, 130 kilometres southeast of Mayo. Through its brief history, starting in 2011 with the initial discovery by the Goldstrike team, the Plateau Property has year over year revealed an ever- expanding gold mineralized system that has reached 50 kilometres in length and remains open for expansion in all directions. Based on new information and guidance by Newmont, the company has recently expanded the claim block from approximately 350 square kilometres to 2,733 claims encompassing some 571 square kilometres. Goldstrike’s Yukon land holdings, including those in the White Gold District, now total 4,704 claims covering over 1,000 square kilometres.
Prospecting and mapping crews have consistently discovered high grade gold mineralization in quartz veins, stockworks and breccias at Plateau that often carry visible gold. The team discovered multiple new gold mineralized zones in the final days of the 2016 field season: most notably Bonanza, Goldbar, Bullion and Big Bang. The “Big Bang” is made up of numerous quartz veins and breccias occurring across a 3 kilometre by 2 kilometre area. Fifty reconnaissance rock grab samples taken from the Big Bang zone over an 8 day period returned assays ranging from below detection level to 21.2 grams per tonne (gpt) gold by screen fire metallics assay, including 14 samples that returned over 1 gram per tonne gold. Two initial channel samples from the Big Bang zone returned 2.17 gpt gold over 1 metre and 3.46 gpt gold over 0.5 metre (News Release, October 3, 2016).
Drilling to date has confirmed the depth potential of previously discovered zones, with one 2016 drill hole in the Goldstack Zone returning 6.05 gpt gold over 45.5 metres, including 12.5 gpt gold over 20.65 metres, including 21.13 gpt gold over 12.25 metres, including 34.35 gpt (1 ounce per ton) gold over 6.75 metres (News Release September 6, 2016). The Goldstack zone remains open for expansion in all directions.

“This will prove to be a defining season for the Plateau Property” said James Moors, P.Geo., Chief Geologist for Goldstrike. “Our recent partnership with Newmont allows us to advance to the next stage of development by committing the resources and technical expertise necessary to further focus our efforts and understand the nature of the extensive new gold system. We are in the enviable position of having an entire suite of high grade gold mineralized showings that merit detailed follow-up sampling, mapping and drilling, and we also have vast areas of very prospective unexplored ground with strong potential to host new gold bearing zones. Year after year our exploration has continued to expand the known extent of this new district scale gold system and produce exciting results.”

Commencing in early June, a multi-faceted 2017 program will focus on outlining the full extent of numerous newly identified gold mineralized showings with the tools best suited to successfully advance them in preparation for diamond drilling.

1. Intensive geological mapping and sampling over 60 kilometres2 will increase the resolution of information and allow crews to vector into key areas with the strongest potential for additional discoveries.
2. Proprietary Newmont geochemistry surveys, ground geophysics and detailed geological mapping along the interpreted trend of showings will help define the extent of mineralization both on surface and at depth.
3. Property scale geophysics and detailed surface modelling will refine understanding of the geology and structural framework that control the high-grade gold mineralized zones across the district and identify key areas having strong potential to host additional gold mineralization.
4. Trenching and channel sampling of multiple discovery areas will further define the geologic controls on mineralization at each location in preparation for drilling.
5. The most extensive diamond drilling program to date will focus on those targets that provide the most compelling results.

Bill Chornobay, Goldstrike’s COO commented: “Newmont’s accomplished team of technical personnel and their full suite of proprietary exploration tools have achieved great success on both Greenfield and brownfield projects worldwide. When combined with Goldstrike’s history of discovery on the Plateau Property, this year’s work program has an unprecedented capacity to fully realize the potential of this new gold district.”

LUCKY STRIKE PROJECT – WHITE GOLD DISTRICT

Goldstrike has completed the expansion of its holdings of key ground in the White Gold camp from 780 claims to 1,970 claims covering approximately 430 square kilometres over four properties. All four properties, Lucky Strike, BRC, Kings Ransom and Goldsource, are 100% owned by Goldstrike with no underlying property payments or royalties.
The Lucky Strike Property will see the largest exploration campaign in its history as recent geology, geochemistry and trench sample results all show strong similarities to those reported at the nearby Kinross Golden Saddle and Gold Corp Coffee Creek deposits. An advanced exploration permit is in progress to facilitate intensive diamond drilling of several surface discoveries as well as extensive trenching across the five gold in soil anomalies identified along a 10 kilometre long structural corridor at Lucky Strike. The recently discovered Monte Carlo zone, an anomaly measuring 1,400 by 350 metres and open for expansion in all directions, is one of the largest known undrilled gold in soil anomalies in the White Gold District. Trenching of this anomaly in 2016 produced bedrock samples assaying 0.42 gpt gold over 154 metres, including 0.76 gpt gold over 78 metres, including 3 gpt gold over 8 metres (Sept. 26, 2016 news release). All trenches on Monte Carlo to date contain gold mineralization. The bedrock gold mineralization is planned to be drilled during the upcoming drill program.
The other four large gold in soil anomalies along trend at Lucky Strike are: the Belmont Zone, measuring 1500 by 800 metres, the Samson Zone, measuring 600 by 300 metres, the Boss Zone, measuring 1,000 by 1,000 metres, and the Maverick Zone, measuring 150 by 200 metres. These anomalies all remain open for extension along trend with further trenching and sampling (Sept. 26, 2016 news release).
James Moors, P.Geo., Chief Geologist, commented: “As with the program at our Plateau Property, this season’s program at Lucky Strike will investigate a full suite of targets: exposed strong bedrock gold mineralization and Induced Polarisation anomalies ready to be drilled; a 10 kilometre corridor of anomalous gold mineralized zones that can be quickly advanced to the drill-ready stage; and large areas of prospective untested ground that offer further excellent potential for additional discoveries.”
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. All drill intersections and assay values included in this release have been reported in previous Goldstrike news releases.

ABOUT GOLDSTRIKE

Goldstrike is a well-funded exploration company with a focus on two projects in Yukon. It recently entered into a strategic alliance with a Canadian subsidiary of Newmont Mining Corporation to carry out a comprehensive, multi-year exploration program on its Plateau property, and with additional funding from Newmont and a Yukon YMEP grant added to proceeds from prior financings and the exercise of warrants, Goldstrike has the funding required to carry out a comprehensive 2017 program on its Lucky Strike property and its two newly staked properties in the White Gold District. The Fraser Institute currently ranks Yukon as the No. 1 jurisdiction in the world for mineral potential.
The Plateau property covers 571 square kilometres (5,700 hectares) in the Mayo Mining District, and contains a district scale gold-mineralized system known as the Yellow Giant Trend. It is 100% owned by Goldstrike subject to a 3% NSR, of which one-third (1%) may be purchased for C$1,500,000 until March 22, 2020.
The Lucky Strike property is located in the White Gold District, 30 kilometres northwest of Goldcorp’s Coffee Creek gold deposit and 10 to 15 kilometres east of Kinross’ Golden Saddle gold deposit. Goldstrike owns a 100% interest in the Lucky Strike, BRC, Kings Ransom and Goldsource properties free and clear of all encumbrances, including royalties.
Goldstrike is committed to transparency and the promotion of health, safety, environmental and community interests, which are integral to the conduct of its business. The Company supports the rights of workers and the communities in which it operates. It respects the traditional rights and culture of the First Nations and their concern for the environment and preservation of their cultural heritage. The Company is committed to building relationships based on honesty, openness, mutual trust and involvement, and to working with local communities to develop relationships that focus on creating value for everyone. WORKING TOGETHER, WE SUCCEED.
To see additional information and maps of the Plateau Property and the New White Gold District assets the Kings Ransom and Goldsource properties go to www.goldstrikeresources.com

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.

May 19, 2017 – Goldstrike Resources Ltd. (TSXV: GSR) has granted incentive stock options exercisable to purchase up to an aggregate of 9,250,000 shares to directors and executive officers of the Company. All of the options are exercisable at the price of $0.35 per share until May 18, 2027, subject to earlier termination in accordance with their terms and the terms of other agreements which may be in effect from time to time.

All option grants are subject to acceptance by the TSX Venture Exchange. The Company obtained disinterested shareholder approval of the Company’s Option Plan providing for such grants at its annual general meeting held on December 16, 2016, and the new Option Plan was accepted for filing by the TSX Venture Exchange on February 21, 2017. As the exercise price of the subject options has been set above the Market Price of the Company’s shares, any shares issued pursuant to the exercise of such options will not be subject to the four month Exchange hold period that applies to shares issued on exercise of options priced below the Market Price.

ON BEHALF OF THE BOARD

Terrence E. King

President and Chief Executive Officer

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

Neither 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.

April 25, 2017 – Goldstrike Resources Ltd. (GSR.V) is pleased to report that it has received shareholder approval of its strategic alliance with Newmont Mining Corporation and Newmont Canada FN Holdings ULC (“Newmont”) announced on March 6, 2017, and has closed on the initial investment by Newmont under a March 4, 2017 Investment Agreement that provides for an investment in Goldstrike and its Plateau project of up to a total of C$53,000,000.

The Investment Agreement allows Newmont to access and explore a highly prospective new gold district in Canada’s Yukon Territory. Newmont has purchased 12,705,715 units of Goldstrike at the price of C$0.4742 per unit, for an aggregate cost of ~C$6,025,050 (US$4,500,000), and now has the right to earn a 75% interest in Goldstrike’s Plateau project in the Yukon and, if Goldstrike thereafter exercises its Financing Option described in the March 6 news release, to increase its interest to 80% by funding 100% of all future costs relating to the Plateau project. The Investment Agreement was approved by 100% of the votes cast in person and by proxy at the meeting of Goldstrike shareholders held on April 21, 2017.

This strategic alliance demonstrates Newmont’s level of commitment to exploring in the Yukon and shows that Newmont has recognized a unique opportunity to control an entire new district-scale gold- mineralized system – more than 2,000 claims covering 350 square kilometres. Newmont has an excellent global reputation, district-scale ability and the experience and funding required to explore and potentially develop a project of this magnitude, from proving up economic reserves right through to development and production.

Goldstrike is currently preparing for the largest exploration campaign in its history, consisting of systematic exploration and drilling. Initial drill results have been very promising, with widespread high grade gold mineralization being identified over 50 kilometres. The company plans to focus on areas where high grade gold mineralization has been discovered in bedrock. Drill highlights from the 2016 drill program include intersecting 29.45 metres of shallow, broad zones of stockwork and hydrothermal breccia in Hole PSGS-16-01. The drill core from that hole contains abundant coarse visible gold and the zone remains open, confirming the consistent, robust nature of the mineralization including 6.05 grams per tonne gold over 45.5 metres, including 12.5 grams per tonne gold over 20.65 metres, including 21.13 grams per tonne gold over 12.25 metres, including 34.35 grams per tonne (1 ounce per ton) gold over 6.75 metres (Sept. 16, 2016 news release).

“We are very pleased to have completed an important investment and embarked on a strategic alliance with an industry leader such as Newmont” reported Terrence King, Goldstrike’s President and CEO. “Goldstrike is now fully funded to move forward and unlock the full potential of the district scale Plateau gold project. This new strategic alliance is an excellent foundation for a long term, mutually beneficial relationship, with Newmont being the advanced explorer, mine builder and producer, and Goldstrike being the project generator, prospector and grass roots explorers – a passionate team focused on discovery. As we advance from prospecting to full scale exploration in an area like Plateau, we engage with the First Nation and local communities for their invaluable local knowledge and work together to achieve to our environmental and community goals, including respect for First Nation traditional rights and cultural heritage. We are successful when we achieve our goal of net benefit to all the stakeholders and when our operations are invaluable to the communities in which we work. Working together we succeed.”

The Lucky Strike Project

Phase 1 Trenching of bedrock on Goldstrike’s 100% owned Lucky Strike property, located in the heart of Yukon’s White Gold District, returned values of 0.42 grams per tonne gold over 154 metres, including
0.76 grams per tonne gold over 78 metres, including 3 grams per tonne gold over 8 metres (Sept. 26, 2016 news release ). These results are from the new Monte Carlo discovery zone, which measures 1,400 by 350 metres and remains open, making it one of the largest known new undrilled gold anomalies in the White Gold District. The Monte Carlo Zone is one of five large gold in soil anomalies discovered at Lucky Strike. The other large gold anomalies include the Belmont Zone, measuring 1500 by 800 metres and remaining open, the Samson Zone, measuring 600 by 300 metres, the Boss Zone, measuring 1,000 by 1,000 metres, and the Maverick Zone, measuring 150 by 200 metres. All are located along a 10 kilometre northwest gold trend that remains open and to be drilled.
Bill Chornobay, Goldstrike’s Chief Operating Officer, comments: “Over the last few years we have focused on our Flagship Plateau project, but our Lucky Strike project, located in the heart of the White Gold District, has consistently provided good results. We have carried out a series of small programs over the last 6 years, made possible in part with the support of the Yukon government by way of exploration grants. We took advantage of the downturn by slowly expanding our claim boundary to control key ground which now includes the newly identified, 10 km, drill ready Lucky Strike gold trend. The Company now controls approximately 2000 claims in the White Gold district without any underlying royalties or property payments. The Monte Carlo Zone alone is large enough in scale to host a deposit the likes of Goldcorp’s Supremo Zone at Coffee Creek or the Kinross Golden Saddle deposit found on the claim block next door to Lucky Strike. Monte Carlo is only one of five large gold in soil anomalies found on the 10 km Lucky Strike gold trend, and all five zones remain to be drill tested. With very little money spent, results are in my view remarkable, most notably a trench of 154 meters averaging just under half a gram gold 0.42 gpt gold, including 15.5 grams gold over 2 meters, 3.7 grams gold over 12 meters, and
5.15 grams gold over 6 meters in bedrock. All eight trenches in the Monte Carlo Zone have encountered gold mineralization in bedrock and are drill ready. We have an advanced exploration permit application in process, in preparation for a much more significant 2017 program of trenching and drilling based on the excellent results seen to date on Lucky Strike. Our plan is to start drilling where we have a 700 meter long IP anomaly that remains open under the gold in bedrock that has been seen in the trenches.
Both Plateau and the Lucky Strike property have garnered the attention of numerous companies. Although it is still early for any decision to be made, our ideas include spinning out Lucky Strike into a

stand alone company post-drilling, which I believe would unlock tremendous value for our shareholders. We have a strong base of accredited investors and institutions alike that have been long-term supporters, and obviously our new partner Newmont is going to be a significant shareholder under the terms of the Investment Agreement. We look forward to reporting the results from both Plateau and Lucky Strike following what will be our busiest exploration season to date in the Yukon.
The Yukon government has been a strong supporter of both Lucky Strike and Plateau by providing funding by way of YMEP grants. Without that support, we may not have been able to advance things to where we stand today. The Yukon is a great place to do business and its untapped mineral potential is becoming very apparent globally. Large companies are looking for a place where there is still near surface high-grade gold to be found in a geopolitically stable environment. The entry into Yukon of Newmont, Barrick, Agnico, Kinross, and Goldcorp is a very strong testament to that and to their belief in the future of Yukon. We have built relationships that have turned into long term friendships going back more than 25 years, and have had the pleasure of working with many Yukoners who have contributed greatly to Goldstrike’s successes. I am sure we will continue to benefit from their passion and local knowledge long into the future, and we strongly believe we are just seeing the tip of iceberg akin to the great Yukon gold rush of the late 1800s. This new gold rush we are now experiencing is just beginning and we are certain there are many new discoveries yet to come out of the vast virgin frontier of the Yukon.”

ON BEHALF OF THE BOARD

Terrence E. King

President and Chief Executive Officer
For new information from this program, 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, including, without limitation, the risks and uncertainties related to the possibility of Newmont not electing to proceed with additional financing or expenditures in accordance with the terms of the agreement with Goldstrike as described above; and uncertainties related to raising other financing in a timely manner and on acceptable terms. In making the forward-looking statements in this news release, 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.

March 6, 2017 – Goldstrike Resources Ltd. (GSR.V) is pleased to announce that it has entered into a strategic alliance with Newmont Mining Corporation and its subsidiary, Newmont Canada FN Holdings ULC (“Newmont”), pursuant to which Newmont has agreed to purchase 12,705,715 units of Goldstrike by way of non-brokered private placement (the “Initial Private Placement”) at the price of C$0.4742 per unit, for an aggregate cost of ~C$6,025,050 (US$4,500,000), and pursuant to which Goldstrike has agreed to grant to Newmont the right to earn a 51% interest in Goldstrike’s Plateau project, Yukon, by (i) making cash payments totaling ~C$8,000,000 to Goldstrike (US$6,000,000, of which US$1,000,000 is payable on closing and an additional US$1,000,000 by December 15,2017 is mandatory); (ii) incurring a minimum of
~C$17,400,000 (US$13,000,0000) in exploration expenditures on Plateau; and (iii) completing an NI 43- 101 Resource Estimate (Phase 1). Newmont’s firm commitments over the first two years of Phase 1, including the financing, cash payments and exploration expenditures, total C$14,658,450.

If Newmont elects to proceed with Phase 2, it must incur a minimum of an additional ~$21,400,000 (US$16,000,000) in exploration expenditures and complete a feasibility study by December 15, 2027 to earn an additional 24%. If it does not complete Phase 1 or Phase 2, its interest will revert to 49%. Newmont’s total investment to complete Phases 1 and 2, including the financing, cash payments and exploration expenditures, will be a minimum of ~C$53,000,000 (US$39,500,000). After completion of Phase 2, Newmont must fund all expenditures on Plateau, including ongoing drilling and other exploration, and environmental compliance, until it delivers a program and budget for the development of the first mine or mines on the property, and, if Goldstrike then exercises its Financing Option, Newmont must fund 100% of all costs relating to the Plateau project for the duration of the Venture, including all mine development costs, with Goldstrike’s share of such costs to be repaid from 80% of Goldstrike’s share of project cash flow. Details of these arrangements are set out below.

“We are very pleased to have secured an important investment and strategic alliance with an industry leader such as Newmont, on favourable terms that minimizes dilution to our shareholders” reported Terrence King, Goldstrike’s President and CEO. “Goldstrike is now fully funded to move forward and
unlock the full potential of the district scale Plateau gold project.”

“Goldstrike will now have the time and resources to advance its plans to optimize value for our shareholders on the 100% owned and drill ready Lucky Strike gold project, located in the heart of the White Gold Camp” said Bill Chornobay, Goldstrike’s COO. “We look forward to reporting the results from both Plateau and Lucky Strike on what is shaping up to be our busiest exploration season to date.”

The Plateau Project

The Plateau property is a newly discovered district scale gold system consisting of more than 2000 claims covering some 350 square kilometers that have produced excellent initial drill results and widespread high grade gold mineralization found over 50 km that remains open, is largely unexplored and has many of the early indicators of an emerging gold camp in the making.

The Lucky Strike Project

Goldstrike’s Lucky Strike property, in the heart of the White Gold Camp, is drill ready as a result of the 2015 and 2016 programs carried out on it, and multiple drill targets have been selected to test this 10 km gold trend. Lucky Strike consists of 751 contiguous claims covering more than 150 square kilometers, is contiguous with Kinross’ Golden Saddle property and is 100% owned by Goldstrike. It has a licensed air strip and the Coffee Creek haul road runs right through it in three locations.

Lucky Strike has attracted strong industry interest and management continues to assess its many options on how best to optimize value of this strategically located gold discovery and the nearby BRC claims, located only 4.5 kilometers northeast of the Golden Saddle deposit, for its shareholders.

The Investment Agreement – C$6,025,050

Pursuant to an agreement dated March 5, 2017 (the “Investment Agreement”), Newmont has agreed to fund the Initial Private Placement. Each unit to be issued on closing of the Initial Private Placement has been priced at two times the 20 day value weighted average trading price of the Company’s shares (C$0.4742). Each unit will be comprised of one common share of the Company and one warrant exercisable to purchase one additional common share of the Company for C$0.75 for four years after closing, subject to acceleration if the Company’s Shares have a closing price equal to or higher than C$1.50 per share for ten consecutive trading days on the TSX Venture Exchange (the “TSX-V”).

All proceeds from the Initial Private Placement will be used to fund the 2017 exploration program on the Company’s Plateau project, which will be jointly managed by Newmont and the Company

The Investment Agreement also provides that for three years Newmont will have the option (the “Equity Option”) to purchase that number of units which will result in Newmont holding up to 19.9% of the Company’s common shares. Each such unit will be issuable at a 10% or 15% premium to market and will be comprised of one common share and one warrant. The warrants will be exercisable at two times the issue price of the unit for two years.

All securities issued pursuant to the Investment Agreement will be subject to a four-month hold period following their respective dates of distribution. Newmont may not hold more than 19.9% of the Company’s outstanding shares.

The Investment Agreement also contemplates the possibility of a spin-off of the Company’s Lucky Strike and BRC projects into a separate company (a “Spin-out Company“).

The Earning and Venture Agreement – C$48,861,500

On closing of the Initial Private Placement (“Closing”), Newmont Mining Corporation, Newmont and the Company will enter into an Earning and Venture Agreement (the “Venture Agreement”) for the purpose of further exploring the Plateau properties (the “Properties”) and, if justified, engaging in the development of one or more mines on the Properties. Pursuant to the Venture Agreement Newmont may earn an interest in the Properties (“Phase 1 Earn-In”) by incurring US$13,000,000 in exploration expenditures on the Properties (the “Phase 1 Exploration Expenditures”) after exhaustion of the Private Placement Proceeds as provided for in the Investment Agreement and paying to the Company the aggregate amount of US$6,000,000 (collectively the “Phase 1 Payments”) plus Resource Bonuses (as defined below), if any, required to be paid pursuant to the Venture Agreement, as follows:

• paying US$1,000,000 to the Company on Closing (mandatory);
• incurring US$4,000,000 in exploration expenditures and paying US$1,000,000 to the Company by December 15, 2018 (mandatory);
• incurring an additional US$4,000,000 in exploration expenditures paying US$2,000,000 to the Company by December 15, 2019;
• incurring an additional US$5,000,000 in exploration expenditures and paying US$2,000,000 to the Company by December 15, 2019;
• delivering to the Company by March 31, 2021 an NI 43-101 compliant technical report (a “Resource Report”) which includes a resource estimate (a “Resource Estimate”) of mineral reserves (proven and probable) and all mineral resources (measured, indicated and inferred) expressed in “gold equivalent ounces”; and
• if the Resource Estimate is greater than the gold equivalent of 1,000,000 ounces of gold, pay a bonus (a “Resource Bonus”) to the Company in an amount which is equal to US$1.00 for each gold equivalent ounce.

If Newmont completes Phase 1 Earn-in and elects to proceed with Phase 2 Earn-in by March 31, 2021, Newmont will have earned a 51% interest in the Properties.

If Newmont completes Phase 1 Earn-in and does not elect to proceed with Phase 2 Earn-in by March 31, 2021, Newmont will have earned a 49% interest in the Properties and the Equity Option and any unexercised warrants then held by Newmont will terminate.

If Newmont does not complete Phase 1 Earn-in, it will earn no interest in the Properties and the Equity Option and any unexercised warrants then held by Newmont will terminate.

Phase 2 Earn-in

If Newmont completes Phase 1 Earn-in it will have the right and option to earn a further 24% interest in the Properties (for a total of 75%) (“Phase 2 Earn-In”) by incurring an additional US$16,000,000 in exploration expenditures on the Properties delivering a Feasibility Study to the Company by December 15, 2027, as well as paying to the Company the amount(s) of any Resource Bonuses based on Resource Reports delivered by Newmont during Phase 2 Earn-In (the “Phase 2 Payments”).

For so long as Newmont maintains its Earn-in rights, it will have the right to reduce the underlying royalty on the Properties from 3% to 2% by paying US$1,000,000 to the Company and paying C$1,500,000 to the holders of the underlying royalty. If Newmont exercises its right before it expires on March 22, 2020, the underlying royalty will be reduced to 2%.

If Newmont does not complete Phase 2 Earn-in, its interest in the Properties and other Venture assets will be reduced from 51% to 49% and any outstanding warrants then held by Newmont will terminate.

Mine Development Financing

After completion of Phase 2 Earn-In, at such time as Newmont is in possession of a feasibility study which establishes the economic viability and technical feasibility of developing the first mine or mines on the Properties, Newmont shall provide written Notice to the Company at least one hundred (100) days (the “Financing Option Period”) before the date of commencement of funding for such development (“Development”) in accordance with a program and budget (the “First Development Program and Budget”) for such Development supported by such feasibility study delivered with or in advance of the Notice. Until such time as Newmont is in possession of such a feasibility study, Newmont will be solely responsible to fund 100% of all Venture expenditures.

Such Notice shall (A) include the First Development Program and Budget and a copy of the feasibility study for the Development. The Company shall, within the Financing Option Period, notify Newmont in writing that it will either: (i) participate in joint funding of the First Development Program and Budget at its then Participating Interest, or (ii) elect for Newmont to solely fund the First Development Program and Budget and, in addition, all future Exploration Expenditures, Development Expenditures and other Venture expenditures whatsoever (the “Financing Option”).

If the Company exercises the Financing Option, then (1) the Company’s interest shall immediately be reduced by five percent (from 25% to 20%) and Newmont’s interest shall immediately be increased by five percent (from 75% to 80%), (2) Newmont will fund 100% of all Venture expenditures incurred after

the Financing Option is exercised (including in respect of the Development Program and Budget and all other Exploration and Development carried out anywhere on the Properties and in the Area of Interest) and (3) Twenty percent (20%) of Venture Expenditures so funded will thereafter constitute a loan to the Company. Newmont’s recourse against the Company for payment of any such Loan will be limited to receiving eighty percent (80%) of the Company’s share of distributions in cash and/or in kind from Commercial Production from Mines developed on the Properties. In no event shall the Company’s interest in the Plateau project ever by reduced below 20% if it exercises the Financing Option.
Newmont will be solely responsible to fund 100% of all Venture expenditures incurred before commencement of the First Development Program and Budget and not required to be incurred to complete Phase 1 Earn-in and Phase 2 Earn-in.

Venture Management

Upon execution of the Venture Agreement, a Management Committee will be established to determine overall policies, objectives and procedures for the Venture. The 2017 exploration program will be jointly managed by Newmont and the Company. Newmont will manage thereafter.

Required Approvals

Completion of the transactions contemplated by the Investment Agreement and Venture Agreement are subject to a number of conditions, including Goldstrike shareholder approval and TSX Venture Exchange acceptance. The Goldstrike intends to hold an extraordinary general meeting of its shareholders as soon as practicable to consider a resolution approving the Agreements.

ON BEHALF OF THE BOARD

Terrence E. King

President and Chief Executive Officer
For new information from this program, 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.
Goldstrike may not proceed with the transactions described in this news release until the required shareholder approval is obtained. There can be no assurance that the transactions will be completed as proposed or at all. Investors are cautioned that, except as disclosed in the Management Information Circular to be prepared in connection with the proposed transactions, any information released or received with respect to the proposed transactions may not be accurate or complete and should not be relied upon. Trading in the securities of Goldstrike should be considered highly speculative.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press 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, including, without limitation, the risks and uncertainties related to the contemplated transactions with Newmont not being completed in the event that the conditions precedent thereto are not satisfied or Newmont not electing to proceed with additional financing or expenditures in accordance with the terms of the agreements with Goldstrike as described above; and uncertainties related to raising sufficient financing in a timely manner and on acceptable terms. In making the forward-looking statements in this news release, Goldstrike has applied several material assumptions, including the assumptions that (1) the conditions precedent to completion of the contemplated transactions with Newmont will be fulfilled so as to permit the contemplated transactions with Newmont to be completed within the times described above; (2) all necessary approvals and consents, including shareholder approval, in respect of the contemplated transactions with Newmont will be obtained in a timely manner and on acceptable terms; and (3) 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.