TheNewswire.com - RSS (Guyana Goldstrike Inc.)

Goldstrike / Copper-X Failure to File Cease Trade Order Revoked

Wed, 13 Sep 2023 10:50:00 MDT

September 13, 2023 – TheNewswire - Vancouver, Canada - Guyana Goldstrike Inc. (the “Company” or “Goldstrike”) (TSXV:GYA), dba Copper-X Mining Inc., announces that the failure to file annual audited financial statements cease trade order (the “Order”) issued by the British Columbia Securities Commission (“BCSC”) has been revoked and the Company is in good standing with all regulatory bodies.

The Order was handed down September 1st, 2023, the day after the Company had filed its annual audited financial statements, management and discussion analysis, and officer certificates. The BCSC has recognized this, and the Order was revoked as of September 5th, 2023.

The Company has entered a transaction to acquire (the “Transaction”) the Jupiter Copper Project (the “Jupiter Project”, the “Property” or the “Project”) from Jupiter Electric Metals Inc. (the “Vendor”), an arms-length private company (see news release dated, July 24, 2023). The Transaction constitutes a “fundamental acquisition” for the Company, under the policies of the TSX Venture Exchange (the “Exchange”), on the basis that the Company intends to devote the majority of its capital to the Transaction and development of the Project. Trading in the shares of the Company will remain halted pending further filings with the Exchange.

On behalf of the Board of Directors,

GUYANA GOLDSTRIKE INC. / COPPER-X MINING INC.

Peter Berdusco

President/CEO

877 704 1119

info@copper-x.com

copper-x.com

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. 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.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the intended development of the Project, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

Goldstrike / Copper-X Announces Metallurgy Testing of Clean Copper Refining Process

Thu, 24 Aug 2023 12:40:00 MDT

Vancouver, BC - TheNewswire - August 24, 2023 - Guyana Goldstrike Inc. (the “Company” or “Goldstrike”) (TSXV:GYA), dba Copper-X Mining Inc., is pleased to announce that the Company has collected initial samples from the Jupiter Copper Project (“Jupiter”) for metallurgical testing of the previously announced Clean Copper Refining Process (see Press Release dated August 15th). Material from Jupiter will be shipped to a US based metallurgy laboratory shortly for commencement of proof-of-concept testing of a single step, environmentally benign refining process from run-of-mine material to copper plate.

Metallurgy

This approach uses molten salts as a medium for metal extraction instead of the conventional pyro, hydro or pyro–hydro-extraction processes. The molten salt process for metallic copper production uses unreactive, non-toxic neutral chloride salts as the processing fluid, so it virtually eliminates the chance of toxic emissions during the processing of copper ore to copper metal. The processing salt is a specific eutectic molten salt. This particular reaction fluid is environmentally benign, recyclable and therefore low in cost, as well as having a low melting (melting point 204°), high boiling point (800°) and is chemically, thermally and physically stable, which are properties of the molten salt making it a practical extracting fluid (lixiviant) and the plating electrolyte for the electrodeposition of copper metals. Since the salt is made of non-toxic elements, it emits no toxic vapors and is environmentally benign. The emission of noxious vapors and risk of contamination to ground water in the traditional copper thermal and electro-winning refining processes is a significant environmental problem. As well, due to the environmental issues traditional refining is severely limited in location, particularly in regard to new plants, forcing copper miners to ship copper concentrate great distances inclusive of generally two-thirds waste product using vast of amounts of marine diesel fuel in the maritime shipping and significantly increasing the carbon footprint of the overall refining process, in addition to the return or export freight for the refined copper product. For example, Chile, the world’s largest copper producer, exports approximately half of its copper concentrate production (~28% Cu) for refining elsewhere due to these limitations. Clean copper refining could largely eliminate this wholly inefficient process.

This process is done in one-pot using a eutectic molten chloride salt, as both the copper extracting fluid (lixiviant) and the electrolyte for electrodeposition of copper metal. The salt is environmentally benign since it is made of non-toxic elements and emits no toxic vapors.

The copper completely dissolves when added to the aerobic eutectic molten chloride salt contained in a pot. After the copper ore is digested, a graphite rod is inserted in the molten salt mixture to serve as an anode. A power supply is connected to the graphite rod and the container, which serves as the cathode, and then the copper ions in the molten salt are reduced and deposited as copper metal, which sinks to the bottom of the pot, since copper is much denser than the salt. On a large scale, opening a valve at the bottom of the pot allows for the harvesting of the copper metal product by simply draining (tapping) the copper out of pot.

Qualified Person

Andris Kikauka (P.Geo) is a Qualified Person in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects, and has reviewed and approved the scientific and technical content of this news release.

On behalf of the Board of Directors,

GUYANA GOLDSTRIKE INC. / COPPER-X MINING INC.

Peter Berdusco

President/CEO

877 704 1119

info@copper-x.com

copper-x.com

Goldstrike / Copper-X Announces Exploration at Jupiter Copper Project / Antofagasta, Chile

Fri, 18 Aug 2023 13:54:00 MDT

Vancouver, BC - TheNewswire - Aug. 16, 2023 - Guyana Goldstrike Inc. (the “Company” or “Goldstrike”) (TSXV:GYA), dba Copper-X Mining Inc., is pleased to announce that exploration has commenced at the Jupiter Copper Project (the “Jupiter Project”) for the purpose of completing a National Instrument 43-101 Technical Report.

A team, inclusive of independent Qualified Person, has arrived on-site at the Jupiter Project located 90km south of Antofagasta, Chile. Initial exploration will include geochemical sampling and geological mapping. Focus will be on areas of historical sampling of known copper mineralisation in rock outcrop, primarily follow-up exploration to work completed in 2021 (Petrogaia). Initial assays will be delivered to the lab as early as next week. Desktop review of historical geological and geo-technical work has commenced.

Jupiter Copper Project

Multiple historic rock samples assayed copper values in excess of 2.0% copper per tonne (see Fig. 1). The main area of focus surrounds the north central area of samples 5 and 6 which is correlated to the edge of a magnetometer low (see press release dated August 2). This will be the main focus of exploration moving forward with the goal of identifying drill pad locations. The ongoing exploration program is planned to include:

1. drone based mapping;

2. geotechnical sampling of approximately 300 samples;

3. detailed geological mapping of primary zones of interest;

4. to be determined, satellite remote sensing study inclusive of:

a. orthographical photo

b. detailed topography

c. infrared reflectivity image detailing soil, clay, and rock zones;

5. identification of 8-10 drill sites for follow-up drilling (no permit require under 20 drill pads and 20,000 meters).

Fig. 1 – Property Map

Project Highlights

Property size of 4,000 Hectares
Targets 1 2 host copper in proximity to historic workings and mine developments.
Target 1 has evidence of copper mineralization in a corridor of 3 x 2 kms.
Airborne MAG shows that mineralization is consistent with low mag, indicating several untested areas.
The abundant microdioritic dykes are interpreted to be feeders of high-grade copper mineralization in both gabbro and andesites.
Numerous targets are interpreted to be present in proximity to contact zones of mafic intrusives and La Negra Fm volcanics – favourable for hosting hydrothermal solutions rich in copper.
The main alteration associated with Cu mineralization is albite – epidote – magnetite.
Mineralization is observed as disseminations and in quartz-albite-epidote veins in fractures as oxide Cu (atacamite – chrysocolla – malachite black oxides).

Project Description

The Jupiter project is accessible by paved road 90kms south of Antofagasta city, the major mining hub in northern Chile, with access to renewable power and adjacent to the ocean to secure access to sea water. The underexplored Jurassic Volcanic/IOCG Belt is host to world class mine operations including Michilla, Antofagasta’s Antucoya, Mantos Copper’s Mantoverde and Mantos Blanco, Teck’s Carmen de Andacollo, Lundin’s Candelaria, Anglo American’s El Soldado; and major projects including Marimaca Copper Corp’s Marimaca, Hot Chili’s Productora-Cortadera and Capstone’s Santo Domingo.

Click Image To View Full Size

Fig. 2 - Chile Coastal Belt

Qualified Person

On behalf of the Board of Directors,

GUYANA GOLDSTRIKE INC. / COPPER-X MINING INC.

Peter Berdusco

President/CEO

877 704 1119

info@copper-x.com

copper-x.com

Goldstrike / Copper-X Announces Metallurgy Testing at Jupiter Copper Project, Antofagasta, Chile

Tue, 15 Aug 2023 11:00:00 MDT

August 15, 2023 – TheNewswire - Vancouver, Canada - Guyana Goldstrike Inc. (the “Company” or “Goldstrike”) (TSXV:GYA), dba Copper-X Mining Inc., is pleased to announce that the Company has entered into an agreement for metallurgical testing of material at the Jupiter Copper Project (“Jupiter”) to assist with its due diligence review. The Company will provide samples for testing to determine whether ore from Jupiter is amenable to direct extraction of copper utilizing an environmentally benign, single step method.

Metallurgy

The extraction method utilizes a molten salt reaction with subsequent electrolysis in a single metal container. The metallurgical analyses will determine whether samples from Jupiter will separate and plate. Initial testing will also determine appropriate comminution size using 3 different crushed material sizes. The testing will utilize original samples from Jupiter without upgrading beyond basic crushing to determine whether the material is amenable to direct extraction of copper.

Project Highlights

Property size of 4,000 Hectares
Targets 1 2 host copper in proximity to historic workings and mine developments and historical geochemical grades in excess of 2% Cu per tonne (Petragaia 2021) Target 1 has evidence of copper mineralization in a corridor of 3 x 2 kms.
Airborne MAG shows that mineralization is consistent with low mag, indicating several untested areas.
The abundant microdioritic dykes are interpreted to be feeders of high-grade copper mineralization in both gabbro and andesites.
Numerous targets are interpreted to be present in proximity to contact zones of mafic intrusives and La Negra Fm volcanics – favourable for hosting hydrothermal solutions rich in copper.
The main alteration associated with Cu mineralization is albite – epidote – magnetite.
Mineralization is observed as disseminations and in quartz-albite-epidote veins in fractures as oxide Cu (atacamite – chrysocolla – malachite black oxides).

Project Description

Click Image To View Full Size

Fig. 5 - Chile Coastal Belt

Jupiter Copper Acquisition

As previously announced, the Company has entered into a binding letter of intent to acquire (the “Transaction”) the Jupiter project. The Transaction constitutes a fundamental acquisition for the Company, under the policies of the TSX Venture Exchange, on the basis that the Company intends to devote the majority of its capital to the Transaction and development of the Jupiter project.

Closing of the Transaction remains subject to a number of conditions, including completion of due diligence on the Jupiter project, negotiation of definitive documentation, completion of the consolidation, completion of a concurrent financing, completion of a geological report in respect of the Jupiter project, the approval of the TSX Venture Exchange and the satisfaction of other closing conditions customary in transactions of this nature. The Transaction cannot close until the required approvals are obtained and the outstanding conditions satisfied. There can be no assurance that the Transaction will be completed as proposed or at all.

For further information concerning the Transaction, readers are encouraged to review the news release issued by the Company on July 24, 2023.

Qualified Person

On behalf of the Board of Directors,

GUYANA GOLDSTRIKE INC. / COPPER-X MINING INC.

Peter Berdusco

President/CEO

877 704 1119

info@copper-x.com

copper-x.com

Goldstrike / Copper-X Announces Geophysics Acquisition and Exploration Plan -- Jupiter Copper Project, Antofagasta, Chile

Wed, 02 Aug 2023 08:00:00 MDT

Aug. 2, 2023 – TheNewswire - Vancouver, Canada - Guyana Goldstrike Inc. (the “Company” or “Goldstrike”) (TSXV:GYA), dba Copper-X Mining Inc., is pleased to announce that the Company has acquired geophysical data from the Government of Chile for use in mineral exploration. The data includes geophysics showing both regional and property wide magnetic lows (inverse) correlated with copper mineralized zones.

The property wide magnetic data shows a direct correlation with medium and high-grade copper samples and magnetic lows (the blue zone), particularly near the contact with the medium resistivity readings (the green zone) (see Fig. 1 and 2). Multiple historic rock samples assayed copper values including in excess of 2.0% copper per tonne (see Fig. 2). This area, the south-eastern area of Target 1 will be the main focus of exploration.

Click Image To View Full Size

Fig.1 Property-wide Magnetic Survey

Fig. 2 - Target 1 and Target 2

Both Target 1 and Target 2 have high exploration potential similar to that discovered at Marimaca (see Fig. 3 cross section A-A’ in Target 1). NW-SE trending major structures appear to be conduits/feeders for high-grade copper mineralization forming mantos or stratabound horizons in receptive Andesitic volcanics adjacent to gabbro-microdiorite intrusives.

Table 1 - Jupiter Historical Rock Samples (Petragaia Consulting 2021)

Fig. 3 - Target Area 1 with Cross Section A-A’

Click Image To View Full Size

Fig. 4 - Interpretation of cross section A-A’

Exploration Plan

Exploration is expected to commence August 15th, 2023. The south-eastern area of Target 1 will be the main focus and planned exploration will include:

drone based mapping;
geotechnical sampling of approximately 200 samples;
detailed geological mapping of primary zones of interest;
identification of 8-10 drill sites for immediate (no permit required) follow-up drilling;
Completion of a National Instrument 43-101 Technical Report– September 15th, 2023;
to be determined, satellite remote sensing study inclusive of:

a. orthographical photo

b. detailed topography

c. infrared reflectivity image detailing soil, clay, and rock zones.

Project Highlights

Property size of 4,000 Hectares
Targets 1 & 2 host copper in proximity to historic workings and mine developments.
Target 1 has evidence of copper mineralization in a corridor of 3 x 2 kms.
Airborne MAG shows that mineralization is consistent with low mag, indicating several untested areas.
The abundant microdioritic dykes are interpreted to be feeders of high-grade copper mineralization in both gabbro and andesites.
Numerous targets are interpreted to be present in proximity to contact zones of mafic intrusives and La Negra Fm volcanics – favourable for hosting hydrothermal solutions rich in copper.
The main alteration associated with Cu mineralization is albite – epidote – magnetite.
Mineralization is observed as disseminations and in quartz-albite-epidote veins & in fractures as oxide Cu (atacamite – chrysocolla – malachite & black oxides).

Project Description

Click Image To View Full Size

Fig. 5 - Chile Coastal Belt

Qualified Person

On behalf of the Board of Directors,

GUYANA GOLDSTRIKE INC. / COPPER-X MINING INC.

Peter Berdusco

President/CEO

877 704 1119

info@copper-x.com

copper-x.com

Goldstrike Announces Binding Letter of Intent to Acquire Jupiter Copper Project, Antofagasta, Chile; $1.8M Financing

Mon, 24 Jul 2023 15:33:00 MDT

Vancouver, BC - TheNewswire - July 24, 2023 - Guyana Goldstrike Inc. (the “Company” or “Goldstrike”) (TSXV: GYA) is pleased to announce that the Company has entered into a binding letter of intent (the “LOI”), dated July 19, 2023, to acquire (the “Transaction”) the Jupiter Copper Project (the “Jupiter Project”, the “Property” or the “Project”) from Jupiter Electric Metals Inc. (the “Vendor”), an arms-length private company. Following completion of the Transaction, the Company intends to change its name to Copper X Mining Inc. and to focus its resources on development of the Project.

Project Highlights

Property size of 4,000 Hectares.
Targets 1 2 host robust Cu grades in proximity to historic workings and mine developments.
Target 1 has evidence of copper mineralization in a corridor of at least 3 x 2 kms.
Airborne MAG shows that mineralization is consistent with low mag, signaling several untested areas.
The abundant microdioritic dykes are interpreted to be feeders of high-grade copper mineralization in both gabbro and andesites.
Numerous targets are interpreted to be present in proximity to contact zones of mafic intrusives and La Negra Fm volcanics – favourable for hosting hydrothermal solutions rich in copper.
The main alteration associated with Cu mineralization is albite – epidote – magnetite.
Mineralization is observed as disseminations and in quartz-albite-epidote veins in fractures as oxide Cu (atacamite – chrysocolla – malachite black oxides).

Project Description

Click Image To View Full Size

Figure 1 - Chile Coastal Belt

Click Image To View Full Size

Figure 2 - Target 1 and Target 2

Both Target 1 and Target 2 have high exploration potential similar to that discovered at Marimaca (see Fig 3 cross section A-A’ in Target 1). NW-SE trending major structures appear to be conduits/feeders for high-grade copper mineralization forming mantos or stratabound horizons in receptive Andesitic volcanics adjacent to gabbro-microdiorite intrusives.

ID	Sample	Cu (%)
1	1765	0.114
2	1766	0.342
3	1767	0.163
4	1768	0.331
5	1769	2.124
6	1770	2.164
7	1771	0.216
8	1772	1.660
9	1773	0.622
10	1774	0.418
11	1775	0.540

Table 1 Jupiter Historical Rock Samples (2021)

Figure 3 - Target Area 1 with Cross Section A-A’

Click Image To View Full Size

Figure 4 - Interpretation of cross section A-A’

Transaction Terms

Under the terms of the LOI, the Company will be granted the exclusive right to acquire the Project in consideration for completion of a series of cash payments, securities issuances and exploration expenditures, as follows:

Paying US$1 to the Vendor on signing of the LOI (Paid).
Making four payments of US$50,000 each to the Vendor on or before August 24, 2023, February 24, 2024, August 24, 2024, and February 24, 2025.
Within 10 days of the TSX Venture Exchange (the Exchange”) issuing its final acceptance bulletin in respect of the Transaction, the issuance of 13,000,000 common shares of the Company, as constituted following completion of a consolidation on a one-and-one-half (1.5) for one (1) basis (the “Consolidation”), and the issuance of 7,000,000 share purchase warrants giving the Vendor the right to purchase up to 7,000,000 post-Consolidation common shares of the Company at the price of CDN $0.25 for a period of 2 years (the “Warrant Issuance”).
Complete a work program on the Project within 90 days of executing the LOI of US$75,000, inclusive of any and all costs associated with the completion of a Geological on the Project.
Completing 5,000 meters of drilling work on the Project on or before February 24, 2025.
Paying US$1,000,000, on or before February 24, 2027, in cash or post-Consolidation common shares or a combination thereof, at the sole discretion of the Vendor, provided that any shares will be issuable at a deemed price equivalent to the ten-day volume weighted average price the common shares of the Company on the Exchange, and the prevailing exchange rate posted by the Bank of Canada, on the day of election, subject to a minimum effective price of C$0.05 per share.

After the completion of the final payment and required exploration work the Project will be assigned to the Company subject to a net smelter royalty of 2% with a buyback of 1% (or 50% of the royalty) exercisable for a period of sixty months in consideration of a one-time cash payment of US$1,000,000.

All securities issued to the Vendor in connection with the Transaction will be subject to a restriction on resale for a period of four-months-and-one-day in accordance with applicable securities laws and the policies of the Exchange.

Concurrent Financing

The Company also announces that it will conduct a non-brokered private placement (the “Concurrent Financing”) of up to 12,000,000 units (each, a “Unit”) at a price of C$0.15 per Unit for gross proceeds of up to C$1,800,000. Each Unit will consist of one (1) post-Consolidation common share (the “Common Share”) and one (1) share purchase warrant (the “Warrant”) entitling the holder to acquire an additional post-Consolidation Common Share at a price of $0.25 for a period of twenty-four months following completion of the Concurrent Financing (the “Closing Date”). If, at any time following the date that is four-months-and-one-day following the Closing Date, the Common Shares have a closing price on the Exchange of $0.50 or greater per Common Share for a period of ten (10) consecutive trading days, the Company shall have the right to accelerate the expiry date of the Warrants that is at least 60 days following the date of such notice to holders of Warrants.

The net proceeds of the Concurrent Financing will be utilized by the Company to maintain the Project and support further development, extinguish liabilities and payables, as well as to address costs associated with completion of the Transaction and to provide the Company with sufficient working capital to sustain operations.

A portion of the Offering is expected to be completed pursuant to BC Instrument 45-536 – Exemption from Prospectus Requirement for Certain Distributions Through an Investment Dealer (the “Investment Dealer Exemption”). Pursuant to the Investment Dealer Exemption, each subscriber relying on the Investment Dealer Exemption must obtain advice regarding the suitability of the investment from a registered investment dealer. As required by the Investment Dealer Exemption, the Company confirms there is no material fact or material change related to the Company that has not been generally disclosed. The Offering is not subject to a minimum amount, although the Company will be required to raise sufficient proceeds to meet the continued listing requirements of the Exchange.

The Company has engaged EMD Financial Inc. (“EMD”), an arms-length financial advisory firm, to assist in introducing investors to the Concurrent Financing. In consideration, the Company has agreed to pay a cash finders’ fee of seven percent of the gross proceeds raised, and to issue to EMD Warrants equivalent to seven percent of the number of Units issued to, investors introduced to the Company by EMD. The Company may also elect to may finders’ fees to other eligible parties in consideration for introducing subscribers to the Concurrent Financing.

Completion of the Concurrent Financing is subject to completion of the Consolidation and the Transaction. All securities issued in connection with the Concurrent Financing will be subject to restrictions on resale for a period of four-months-and-one-day in accordance with applicable securities laws and the policies of the Exchange.

Closing of the Transaction

The Transaction constitutes a “fundamental acquisition” for the Company, under the policies of the Exchange, on the basis that the Company intends to devote the majority of its capital to the Transaction and development of the Project. Following completion of the Transaction, the Company anticipates it will continue to be listed on the Exchange as a Tier 2 Mining Issuer. No changes to the board of directors or management of the Company are contemplated in connection with the Transaction

Closing of the Transaction remains subject to a number of conditions, including completion of due diligence on the Project, negotiation of definitive documentation, completion of the Consolidation, completion of the Concurrent Financing, completion of a geological report in respect of the Project, the approval of the Exchange and the satisfaction of other closing conditions customary in transactions of this nature.

The Transaction cannot close until the required approvals are obtained, and the outstanding conditions satisfied. There can be no assurance that the Transaction will be completed as proposed or at all. No finders’ fees or commissions are payable in connection with the Transaction. Trading in the common shares of the Company will remain halted pending further filings with the Exchange.

Qualified Person

On behalf of the Board of Directors of

GUYANA GOLDSTRIKE INC.

Peter Berdusco

CEO

877-844-4661

Guyana Goldstrike Partners with Windfall Geotek on a Multi Year Artificial Intelligence Agreement in British Columbia's Golden Triangle

Wed, 01 Dec 2021 05:30:00 MST

December 1, 2021 – TheNewswire - Vancouver, Canada - Guyana Goldstrike Inc. (the “Company” or “Guyana Goldstrike”) (TSXV:GYA) (OTC:GYNAF) is pleased to announce it has partnered with Windfall Geotek Inc. (TSX-V: WIN, OTCQB: WINKF, FSE: L7C2) a leader in the use of Artificial Intelligence (AI) with advanced knowledge-extraction techniques since 2005 in the mining sector to provide its Artificial Intelligence Targeting Technology for the East Georgie Polymetallic Project (“East Georgie” or the “Property”) located in the prolific Golden Triangle region of British Columbia.

Deal Terms:

Multi year service agreement for Windfall Geotek’s AI Consulting services
Windfall Geotek will retain the right to purchase 1% NSR Royalty for $500,000 for any land claims Windfall Geotek finds AI targets on

East Georgie:

100% purchase option
69 mineral claims totaling 10,840 hectares
lying within an area extending north and northwest from a southern apex at the old mining camp of Anyox which hosts more than 1,000 mineral occurrences of dominantly precious metal vein type, with related skarn, porphyry and massive sulphide
Potential for Au, Ag, Cu, Mo, Pb, Zn mineralization
A series of geophyscial surveys on the property have been conducted and interpretation reports received
Over 85 individual targets selected from 7 measured or derived parameters based on statistical anomalism
Potential for Eskay Creek, Anyox and Granduc styles of mineralization
Historic Mineralization exists with ten Minfile Showings occurring on the Property

Peter Berdusco, Chief Executive Officer of Guyana Goldstrike, commented: “Windfall Geotek’s AI technology has a 15-year track record of success and will be a significant exploration tool increasing our chance of early discovery while cutting time & costs. We are excited to work with Windfall Geotek on our East Georgie Project in British Columbia’s Golden Triangle.”

Simran Kamboj, President of Windfall Geotek commented: “We’re excited to work with Guyana Goldstrike to assist them in building a more effective exploration program using our industry leading data and AI technologies. Multi year deals like this allow Windfall Geotek to join in on the journey with our customers and use new data from exploration as it becomes available to continuously refine the target zones.”

Click Image To View Full Size

Figure 1: Windfall Geotek AI Target Generation Process

For further information regarding the East Georgie Project, readers are encouraged to review the Company’s news release of July 26, 2021. Acquisition of the option to acquire the East Georgie Project remains subject to a number of conditions, including the completion of any necessary financing, the completion of a technical report, the approval of the TSX Venture Exchange and the satisfaction of other closing conditions customary in transactions of this nature.

About Guyana Goldstrike Inc.

Guyana Goldstrike is a mineral exploration company engaged in the exploration of precious metal and base metal projects in North America. The company recently signed a definitive agreement to acquire a 100% purchase option on the East Georgie Polymetallic Project in the Golden Triangle, British Columbia. The project consists of 69 active mineral claims totalling 10,840 hectares (ha). It lies within an area extending north and northwest from a southern apex at the old mining camp of Anyox which hosts more than 1,000 mineral occurrences of dominantly precious metal vein type, with related skarn, porphyry and massive sulphide

About Windfall Geotek – Powered by Artificial Intelligence (AI) since 2005

Windfall is an Artificial Intelligence company that has been in business for over 15 years developing its proprietary CARDS analysis (AI) and data mining techniques. Windfall Geotek can count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, and mathematics. It combines available public and private datasets including geophysical, drill hole and surface data. The algorithms designed and employed by Windfall are calculated to highlight areas of interest that have the potential to be geologically similar to other gold deposits and mineralization. The Company's objective is to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining and to continue the Land Mine detection application as a high priority. Windfall has played a part in numerous past discoveries utilizing its methodology as described at: https://windfallgeotek.com/.

Qualified Person

Christopher (Kit) Campbell, P. Geo., is a Qualified Person in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Campbell has reviewed and approved the scientific and technical content of this news release.

For further information, interested parties are encouraged to visit the Company’s website www.guyanagoldstrike.com and the Company’s profile on SEDAR (www.sedar.com) or contact the Company by telephone at 1.877.844.4661 or email info@guyanagoldstrike.com.

On behalf of the Board of Directors of

GUYANA GOLDSTRIKE INC.

Peter Berdusco

President and Chief Executive Officer

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.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third-party information, continued access to mineral properties or infrastructure, fluctuations in the market for gold, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

Guyana Goldstrike Closes Final Tranche of Oversubscribed Non-Brokered Private Placement

Thu, 15 Apr 2021 15:40:00 MDT

Vancouver, Canada – TheNewswire - April 15, 2021 – Guyana Goldstrike Inc. (the “Company” or “Guyana Goldstrike”) (TSXV:GYA) (OTC:GYNAF) (FSE:1ZT) is pleased to announce the closing of the third and final tranche of the non-brokered private placement (the "Placement") of units of the Company ("Units") resulting in the issuance of an additional 3,450,000 Units at a price of $0.10 per Unit for gross proceeds of CDN$345,000.

In aggregate with the closing of the first and second tranche of the Placement, announced February 17th and March 16th, 2021 respectively, the Company has now issued 27,112,500 Units, for gross proceeds of $2,711,250.

Each Unit consists of one common share of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"), with each Warrant entitling the holder to purchase an additional Common Share at a price of $0.15 per share for a period of thirty-six months following the closing of the Placement.

In connection with the closing of the final tranche, arms-length agents received an aggregate cash fee of $2,400. In addition, the Company issued to agents 24,000 broker warrants (the “Broker Warrants”). Each Broker Warrant will entitle the holder thereof to purchase one Common Share at an exercise price equal to $0.15 for a period of thirty-six months following the closing of the Placement.

In aggregate with the closing of the first and second tranche of the Placement, arms-length agents received a cash fee of $12,800. In addition, the Company issued to agents 128,000 Broker Warrants.

Proceeds from the Placement will be used to pay liabilities, accounts payable, and for general working capital. The securities issued pursuant to the final tranche of Placement are subject to a statutory hold period until August 16, 2021.

In aggregate with the closing of the first and second tranche of the Placement, certain insiders of the Company acquired 1,365,070 Units. This participation by insiders in the Placement constitute a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). However, the Company considers such participation would be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the Units subscribed for by the insiders, nor the consideration for the Units paid by such insiders, exceeds 25% of the Company's market capitalization.

On behalf of the Board of Directors of

GUYANA GOLDSTRIKE INC.

Peter Berdusco

President and Chief Executive Officer

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for gold, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

Guyana Goldstrike Closes Second Tranche of Private Placement

Tue, 16 Mar 2021 16:10:00 MDT

Vancouver, Canada – TheNewswire - March 16, 2021 – Guyana Goldstrike Inc. (the “Company” or “Guyana Goldstrike”) (TSXV:GYA) (OTC:GYNAF) (FSE:1ZT) is pleased to announce the closing of the second tranche of the non-brokered private placement (the "Placement") of units of the Company ("Units") resulting in the issuance of an additional 10,642,500 Units at a price of $0.10 per Unit for gross proceeds of CDN$1,064,250.

In aggregate with the closing of the first tranche of the Placement, announced February 17, 2021, the Company has issued 23,662,500 Units, for gross proceeds of $2,366,250.

In connection with the closing of the second tranche, arms-length agents received an aggregate cash fee of $10,400. In addition, the Company issued to agents 69,333 broker warrants (the “Broker Warrants”). Each Broker Warrant will entitle the holder thereof to purchase one Common Share at an exercise price equal to $0.15 for a period of thirty-six months following the closing of the Placement.

The Company has received a thirty-day extension to facilitate a third and final tranche. The final tranche will close on or before April 15, 2021. Proceeds from the Placement will be used to pay liabilities, accounts payable, and for general working capital. The securities issued pursuant to the Placement will be subject to a statutory hold period until July 17, 2021. The closing of the Placement remains subject to the final approval of the TSX Venture Exchange.

On behalf of the Board of Directors of

GUYANA GOLDSTRIKE INC.

Peter Berdusco

President and Chief Executive Officer

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for gold, changes in exploration costs and government regulation in Guyana, status of artisanal mining activities and associated rights, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

News Release - Early Warning Report Issued Pursuant to Ni 62-103 - Acquisition of Securities of Guyana Goldstrike Inc.

Thu, 18 Feb 2021 10:35:00 MST

VANCOUVER, CANADA – TheNewswire - FEBRUARY 18, 2021 -- This press release is being disseminated as required by National Instrument 62‐103 in connection with the filing of an Early Warning Report regarding the acquisition of securities of Guyana Goldstrike Inc. (the "Company") (TSXV:GYA) (OTC:GYNAF).

On February 12, 2021 Gold Mountains Asset Management Limited (GMA) (the "Acquiror") purchased (the "Acquisition") 1,500,000 units of the Company’s private placement (each, a “Unit”) at a price of $0.10 per Unit. Each Unit consisted of one common share of the Company, and one common share purchase warrant exercisable to acquire an additional common share at a price of $0.15 for a period of thirty-six months following the close of the Private Placement.

GMA is a wholly-owned subsidiary of Zijin Mining Group, and purchased the Units on behalf of Zijin Global Fund.

Immediately prior to the Acquisition, the Acquiror held 2,560,000 common shares of the Company representing approximately 21.9% of the issued and outstanding shares of the Company. Following the Acquisition, the Acquiror held 4,060,000 common shares, representing approximately 16.4% of the issued and outstanding shares of the Company. Assuming exercise of only the warrants controlled by GMA, it would have control of 5,560,000 common shares of the Company, representing approximately 22.5% of the then issued and outstanding common shares of the Company.

The Units were acquired for investment purposes only and not for the purpose of exercising control or direction over the Company. The Acquiror may, from time to time, increase or decrease its shareholding or continue to hold common shares of the Company as it may determine appropriate in the normal course of investment activity. In the future, the Acquiror may, directly or indirectly, acquire additional common shares of the Company or dispose of such shares subject to a number of factors, including, without limitation, general market and economic conditions and other investment and business opportunities available.

A copy of the Early Warning Report to be filed by the Acquiror will be available on SEDAR under the Company's profile on www.sedar.com.

This early warning news release is issued under the early warning provisions of Canadian securities legislation, including National Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release nor have they approved nor disapproved the content thereof.

Guyana Goldstrike Closes First Tranche of Private Placement for Cdn$1,302,000

Wed, 17 Feb 2021 07:25:00 MST

February 17, 2021 – TheNewswire - Vancouver, Canada – Guyana Goldstrike Inc. (the “Company” or “Guyana Goldstrike”) (TSXV:GYA), (OTC:GYNAF), (FSE:1ZT) is pleased to announce that it has completed an initial tranche of a non-brokered private placement (the “Placement”) of 13,020,000 units (each, a “Unit”) at a price of $0.10 per Unit for gross proceeds of $1,302,000. Each Unit consists of one common share of the Company, and one common share purchase warrant exercisable to acquire an additional common share at a price of $0.15 for a period of thirty-six months following the close of the Placement. All securities issued in connection with the Placement are subject to a statutory hold period until June 13, 2021.

The Placement included an investment by Gold Mountains Asset Management Limited (“GMA”), a wholly-owned subsidiary of Zijin Mining Group, on behalf of Zijin Global Fund (“Zijin Global”). Following completion of the Placement, GMA has control of 4,060,000 common shares of the Company, representing approximately 16.4% of the Company’s current issued and outstanding common shares, and 1,500,000 common share purchase warrants. Ownership of the common shares and warrants is held by Zijin Global and Zijin Midas Exploration Fund. GMA would have control of 5,560,000 common shares of the Company, representing approximately 22.5% of the then issued and outstanding common shares of the Company, assuming exercise of only the warrants controlled by GMA.

The securities were acquired by GMA for investment purposes, on behalf of Zijin Global and Zijin Midas Exploration Fund. In the future, additional securities of the Company may be acquired or disposed of by GMA, on behalf of Zijin Global and Zijin Midas Exploration Fund, through the market, privately or otherwise, as circumstances or market conditions may warrant.

Proceeds from the Placement will be used to pay liabilities, accounts payable, and for general working capital. The Company intends to complete a further tranche of the Placement through the offering of up to 17,500,000 additional Units.

In connection with the Placement, arms-length agents received an aggregate cash fee of $1,600. In addition, the Company issued to agents 16,000 broker warrants (the “Broker Warrants”). Each Broker Warrant will entitle the holder thereof to purchase one Common Share at an exercise price equal to $0.15 for a period of thirty-six months following the closing of the Placement.

Certain insiders of the Company acquired 460,000 Units in the Placement. This participation by insiders in the Placement constitute a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). However, the Company considers such participation would be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the Units subscribed for by the insiders, nor the consideration for the Units paid by such insiders, exceeds 25% of the Company's market capitalization.

On behalf of the Board of Directors of

GUYANA GOLDSTRIKE INC.

Peter Berdusco

President and Chief Executive Officer

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for gold, changes in exploration costs and government regulation in Guyana, status of artisanal mining activities and associated rights, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

Goldstrike Options Precious Metals Prospect Alice Arm North, in Golden Triangle

Thu, 19 Nov 2020 07:15:00 MST

Vancouver, Canada – TheNewswire - November 19, 2020 - Guyana Goldstrike Inc. (the “Company” or “Goldstrike”) (TSXV:GYA) (OTC:GYNAF) is pleased to announce that the Company has entered into a definitive option agreement (the “Agreement”) to acquire Alice Arm North (“Alice Arm” or the “Property”), a precious metals prospect located in the Golden Triangle, British Columbia from Granby Gold Ltd. (“Granby”), an arms-length private company.

Alice Arm North is located approximately 50 km southeast of Stewart, British Columbia and 9 km south of the Dolly Varden Silver Mine owned by Dolly Varden Silver Corp. The Property comprises 16 mineral tenures, 100% owned by Granby, covering an area of approximately 842 hectares. Hecla Canada Ltd. currently owns all claims that immediately surround the Property.

Four mineral occurrences of polymetallic veins are currently known on the property: Eagle (Ag-Pb-Zn+/-Au), La Rose (Ag-Pb-Zn+/-Au), B and C (Zn-Pb), Cape Nome (Ag-Pb-Zn+/-Au). The Bunker Hill occurrence (Ag-Pb-Zn+/-Au) is adjacent to the claim group. Geophysics has identified a high resistivity axis in a northwest to southeast trend across the northeastern portion of the claim block, between the La Rose and Eagle mineral occurrences. This may reflect a zone of enhanced silicification. *

A magnetic low and coincident conductivity high are located approximately 600 m to 800 m north of the Bunker Hill mineral occurrence. The geophysical anomaly extends northerly to the area of the La Rose past producer.

Under the terms of the Agreement, the Company will be granted the right to acquire up to a one-hundred percent interest in the Property in consideration for completing a series of cash payments totaling $1,000,000 over a five year term, of which $10,000 is due and payable to the Company initially, and incurring expenditures on the Project of at least $1,000,000 over a five year term. Granby will retain a 2.5% NSR on the Property with the Company having a right to make a one time buy-down of 1% of the NSR for $1,000,000. The Company is required to make the cash payments, and incur the expenditures, in accordance with the following schedule in order to maintain the Agreement in good standing and acquire the Property:

The Company anticipates that the Property will form part of a portfolio of exploration-stage gold projects and does not anticipate that the majority of its working capital or resources will be devoted to the Property in the next twelve months. No finders’ fees or commissions are payable in connection with the Agreement.

* Campbell, December 2017, p 29

Qualified Person

Christopher Campbell, P. Geo is a Qualified Person in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Campbell has reviewed and approved the scientific and technical content of this news release.

For more information please visit www.guyanagoldstrike.com.

On behalf of the Board of Directors of

GUYANA GOLDSTRIKE INC.

Peter Berdusco

President and Chief Executive Officer

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the intended development of the Property, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

Guyana Goldstrike Updates Stakeholders on Gold Forward Purchase Agreement

Wed, 15 Jul 2020 07:00:00 MDT

July 15, 2020 - TheNewswire - Vancouver, Canada - Guyana Goldstrike Inc. (the "Company" or “Guyana Goldstrike”) (TSXV:GYA) (OTC:GYNAF) (FSE:1ZT) would like to update its shareholders on the Gold Forward Purchase Agreement (the “Agreement”) signed with an arm’s length investor (the “Investor”) on January 24th, 2020 (see news releases dated January 27 and April 14, 2020 for details of the Agreement).

The initial first tranche payment of US$2,000,000 required pursuant to the Agreement will now be completed after July 14, 2020 as a result of unforeseen banking delays.

Both the Investor and the Company remain fully committed to the Agreement and there are no other changes or amendments.

The first tranche payment is expected to complete shortly. The subsequent US$7,000,000 payment will be made in accordance with the terms of the Agreement.

The Company will provide further updates to stakeholders as the transaction progresses.

On behalf of the Board of Directors of

GUYANA GOLDSTRIKE INC.

Peter Berdusco

President and Chief Executive Officer

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for gold, changes in exploration costs and government regulation in Guyana, status of artisanal mining activities and associated rights, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

Guyana Goldstrike Announces Results of 2020 Annual General and Special Meeting of Shareholders

Thu, 02 Jul 2020 07:30:00 MDT

July 02, 2020 – TheNewswire - Vancouver, Canada - Guyana Goldstrike Inc. (the "Company" or “Guyana Goldstrike”) (TSXV:GYA) (OTC:GYNAF) (FSE:1ZT) announces the results of its 2020 Annual General and Special Meeting (“AGSM”) of shareholders held on Tuesday, June 30, 2020 in Vancouver, Canada.

At the meeting shareholders approved all the resolutions detailed in the AGSM’s management information circular, namely:

- Election of all nominee directors to the Board of Directors of the Company for the ensuing year;

- Re-appointment of Davidson Company LLP, Chartered Professional Accountants, as auditor of the Company for the ensuing year and authorizing the directors to determine the auditor’s compensation;

- Acceptance of the audited financial statements of the Company for the financial years ended June 30, 2018 and April 30, 2019, and the auditor’s reports thereon;

- Re-approval of the Company’s Stock Option Plan for the ensuing year;

- Approval to set the number of directors for the ensuing year at five (5); and

- Approval to adopt the new articles of the Company.

The following table details the results of the common shares of the Company that were voted at the AGSM:

Click Image To View Full Size

On behalf of the Board of Directors of

GUYANA GOLDSTRIKE INC.

Peter Berdusco

President and Chief Executive Officer

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for gold, changes in exploration costs and government regulation in Guyana, status of artisanal mining activities and associated rights, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

Guyana Goldstrike Provides Update on Extension to File Quarterly Financial Statements and MD&A

Wed, 29 Apr 2020 17:23:00 MDT

Vancouver, Canada – TheNewswire - April 29, 2020 - Guyana Goldstrike Inc. (the “Company” or “Guyana Goldstrike”) (TSXV:GYA) (OTC:GYNAF) (FSE:1ZT) is pleased to provide an update on the status of the filing of its quarterly financial statements, the accompanying management's discussion and analysis, and related chief executive officer and chief financial officer certifications for the Q3 filings ended January 31, 2020 (the “Documents”).

The Company continues to rely on the exemption with respect to the quarterly filings in accordance with BC Instrument 51-515, Temporary Exemption from Certain Corporate Finance Requirements. The Company expects to file the Documents on or before the end of the available 45 extension period.

There have not been any material business developments since the date of the Company’s last news release dated April 14, 2020. Readers are encouraged to refer to the Company’s news release dated March 30, 2020 for more information on the filing extension.

On behalf of the Board of Directors of

GUYANA GOLDSTRIKE INC.

Peter Berdusco

President and Chief Executive Officer

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for gold, changes in exploration costs and government regulation in Guyana, status of artisanal mining activities and associated rights, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

Guyana Goldstrike's Gold Forward Purchase Payment Deadline Extended

Tue, 14 Apr 2020 08:50:00 MDT

April 14, 2020 – TheNewswire - Vancouver, Canada – Guyana Goldstrike Inc. (the “Company”) (TSXV:GYA), (OTC:GYNAF), (FSE:1ZT) announces that it has agreed to extend the deadline for the completion of an initial payment owing to the Company in connection with a gold forward purchase agreement (the “Forward Agreement”) previously entered into by the Company, effective January 24, 2020.

Under the terms of the Forward Agreement, the Company had agreed to deliver 30,000 ounces of gold, in consideration for an investment of US$9,000,000 to be utilized in the development of the Marudi Gold Project (the “Project”) located in Guyana, South America. The investment was to be made in two parts by an arms-length investor (the “Investor”) The initial payment of US$2,000,000 was due and owing by April 14, 2020, with the balance owing within thirty days of the registration of a royalty interest in the Project in favour of the Investor.

Due to the current global pandemic surrounding the novel coronavirus (Covid-19) and the resulting financial crisis, the Investor has invoked force majeure on the Forward Agreement and an extension to the payment deadline has been request. The Company has accepted this request and an extension has now been granted. Under the terms of the extension, the Company has agreed to extend the deadline for completion of the initial payment through until July 14, 2020. All other terms of the Forward Agreement remain in effect.

The Investor’s desire and intent is to complete the payments and the Investor is confident that the extension will provide sufficient time to allow the global pandemic to subside. Further, the Company is confident the dispute surrounding control of the Project, and Romanex Guyana Exploration Ltd.(“Romanex”) can also be resolved during this period. The consummation of the transaction under the Forward Agreement, and the receipt of any investment, is contingent on the Company retaining control of the Project, and Romanex.

For further information regarding the Forward Agreement, and the dispute surrounding control of the Project, and Romanex, readers are encouraged to review the news releases issued by the Company on January 27, 2020 and March 25, 2020.

Inquiries regarding the Company may be directed to Peter Berdusco, Chief Executive Officer, at pber@guyanagoldstrike.com or 1.877.844.4661.

On behalf of the Board of Directors of

GUYANA GOLDSTRIKE INC.

Peter Berdusco

President and Chief Executive Officer

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the Company’s ongoing relationship with Romanex, the status of the Forward Agreement, rights the Company may have in respect of the Project, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

Guyana Goldstrike Receives 45 Day Extension to File Quarterly Financial Statements and MD&A

Mon, 30 Mar 2020 19:20:00 MDT

March 30, 2020 - TheNewswire - Vancouver, Canada - Guyana Goldstrike Inc. (the “Company” or “Guyana Goldstrike”) (TSXV:GYA) (OTC:GYNAF) (FSE:1ZT) has provided an update on the status of the filing of its quarterly financial statements, the accompanying management's discussion and analysis, and related chief executive officer and chief financial officer certifications for the Q3 filings ended January 31, 2020.

On March 18, 2020, the Canadian Securities Administrators (CSA) announced that they will provide issuers with a 45-day filing extension for filings required on or before June 1, 2020 to allow issuers the time needed to focus on the many other business and financial reporting implications of COVID-19. The Company will rely on this exemption with respect to the quarterly filings in accordance with BC Instrument 51-515, Temporary Exemption from Certain Corporate Finance Requirements.

Members of the Company’s management and other insiders are subject to a trading black-out policy that reflects the principles in section 9 of National Policy 11-207. The Company expects to file the Documents on or before the end of the available 45 extension period. An update on material business developments since the filing of the Company’s interim financial reports has been provided in prior press releases.

On behalf of the Board of Directors of

GUYANA GOLDSTRIKE INC.

Peter Berdusco

President and Chief Executive Officer

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for gold, changes in exploration costs and government regulation in Guyana, status of artisanal mining activities and associated rights, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

Guyana Goldstrike Updates Stakeholders on Marudi Gold Project

Wed, 25 Mar 2020 16:49:00 MDT

Vancouver, Canada – TheNewswire - March 25, 2020 – Guyana Goldstrike Inc. (the “Company” or “Guyana Goldstrike”) (TSXV:GYA) (OTC:GYNAF) (FSE:1ZT). Effective November 1, 2016, the Company entered into share purchase agreement (the “Purchase Agreement”) pursuant to which it agreed to acquire all of the outstanding share capital of Romanex Guyana Exploration Ltd. (“Romanex”). Romanex controls the rights to the mining license which comprises the Marudi Gold Project (the “Project”) located in Guyana, South America.

In consideration for the acquisition of Romanex, the Company agreed to complete a series of cash payments and share issuances to the principals of Romanex. While the transaction contemplated by the Purchase Agreement was consummated on March 3, 2017, the Company remained obligated to complete cash payments to the principals of Romanex, as well as retire existing payables of Romanex, and maintain the Project in good standing.

Since consummation of the transaction, the Company has worked with the principals of Romanex to extend the deadlines for the completion of cash payments in order to meet the working capital needs of the Company. While discussions were ongoing until recently, the Company has now been advised by the principals of Romanex that they are unwilling to entertain further extensions. The Company views the current pandemic surrounding the novel coronavirus (COVID-19) and the resulting global financial crisis as an event of force majeure, which the Company invoked on March 18, 2020, necessitating an extension of the Company’s obligations surrounding the payment of consideration to acquire Romanex. The principals of Romanex have advised that they disagree with this assessment, and it is their position that the Purchase Agreement has been terminated. The principals have delivered a notice of termination of the Purchase Agreement, dated March 21, 2020, to this effect.

While the Company is continuing to assess options for enforcing its rights in respect of Romanex and the Purchase Agreement, and recouping investments made to date in advancing the Project, at this time the Company is unable to control the affairs of Romanex and the conduct of activities at the Project.

The Company will provide a further update regarding the status of the Purchase Agreement, and its relationship with Romanex, once it has had an opportunity to assess available options and as the situation develops.

Inquiries regarding the Company may be directed to Peter Berdusco, Chief Executive Officer, at pber@guyanagoldstrike.com or 1.877.844.4661.

On behalf of the Board of Directors of

GUYANA GOLDSTRIKE INC.

Peter Berdusco

President and Chief Executive Officer

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the Company’s ongoing relationship with Romanex, the status of the Purchase Agreement, rights the Company may have in respect of the Project, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

Guyana Goldstrike Selects Drill Targets at Toucan Ridge Discovery Area, Marudi Gold Project, Guyana

Thu, 30 Jan 2020 07:30:00 MST

January 30, 2020 – TheNewswire - Vancouver, Canada - Guyana Goldstrike Inc. (the “Company” or “Guyana Goldstrike”) (TSXV:GYA), (OTC:GYNAF), (FSE:1ZT) is pleased to announce that the Company has selected drill targets at the Marudi Gold Project (“Marudi” or the “Property”, or the “Project”) located in Guyana, South America.

The Company’s 2018/19 trenching program successfully outlined a new mineralized area that continues for more than 1.75 kilometres along Toucan Ridge (see map below). Toucan Ridge is roughly one kilometre northeast of the Mazoa Hill Zone which currently contains the Project’s mineral resource estimate (please see “Mineral Resource Estimate” below).

A diamond drill program of up to 12 holes is planned and may be extended. The planned drill program will predominately focus on Toucan Ridge where a total of 2,458 metres of trenching was completed and 837 samples were taken.

Drill targets have been chosen from identified magnetic anomalies and gold assays from surface trenching and sampling of the quartzite-metachert host rock.

The specific drill locations will be in proximity to trenches TTR-18-7 and TTR-18-8, as priority targets, followed potentially by drilling trench areas TTR-18-9, TTR-18-11, TTR-18-12, and TTR-18-13.

In 2018, trenches TTR-18-7 and TTR-18-8 assayed grades as high as 7.2 g/t Au over 3 metres.

The first drill pads will be positioned to drill angled holes across the area of trenches TTR-18-7 and TTR-18-8 to an initial planned depth of 130 metres and a maximum depth of 200 metres.

In preparation for the next phase of exploration, the technical team has reviewed the legacy data, including drill assays, drill angles, collar location, grade and interval lengths from past drilling on the Property in order to further refine its exploration efforts at Marudi. The compilation of these historic drill assays will provide important information that the technical team will use to calibrate drilling on the Property.

The following assay highlights are from the Mazoa Hill Zone which is approximately one kilometre south west of the Toucan Ridge discovery area:

Assay Highlights of Sutton Resources Diamond Drill Programs 1991-94 - Mazoa Hill Zone:

- MR 91-068 - 6 metres of 29.97 g/t Au; within 72 metres of 5.11 g/t Au

- MR 91-074 - 15 metres of 15.30 g/t Au; within 75.00 metres of 4.60 g/t Au

- MR 94-102 - 52 metres of 4.06 g/t Au; within 190 metres of 2.39 g/t Au

- MR 94-113 - 36 metres of 7.74 g/t Au; within 141 metres of 3.31 g/t Au

- MR 94-115 - 45 metres of 10.82 g/t Au and 30 metres of 15.16 g/t Au; within 81 metres of 7.71 g/t Au

- MR 94-120 - 12 metres of 16.65 g/t Au; within 57 metres of 4.51 g/t Au

Please note: Interval lengths are not true widths.

Target Area Location Map

Click Image To View Full Size

Mineral Resource Estimates

The Mazoa Hill Zone contains the Company’s current mineral resource estimate. Data analyzed suggests that the mineralized zone is open in several directions including at depth.

- 243,300 indicated gold ounces within 3,637,000 tonnes grading 2.1 g/t;

- 78,800 inferred gold ounces within 1,278,000tonnes grading 1.9 g/t

For further information concerning the Mazoa Hill Zone Resource Estimate, readers are encouraged to review "Technical Report: Marudi Property Mazoa Hill Mineral Resource Estimate", a technical report prepared for the Company by Global Mineral Resource Services and is available at: GYA Mazoa Hill Zone 43-101, at the Company’s website www.guyanagoldstrike.com and under the Company's profile on www.sedar.com.

Readers are cautioned that although the Project has a mineral resource estimate and a mining license a production decision has not been reached by the Company in respect of the Project, nor has a feasibility study been completed to assess the economic viability of commercial production at the Project. Also note, mineral resources that are not mineral reserves do not have demonstrated economic viability.

The Company also announces that Frontier Flex Marketing (Frontier) continues to provide investor relations and marketing services to the Company. The agreement with Frontier commenced on January 2019, with remuneration of $7,000 per month. The services were put on hiatus for an extended period in 2019. The Company has re-commenced services as of January 2020. This was part of an extension and revision to an original agreement with Frontier Merchant Capital for similar investor relations and marketing services that was signed on January 2018, with remuneration of $5,000 per month. Frontier Merchant Capital were also granted 50,000 stock options of the Company at 25 cents in January 2018 and 150,000 stock options at 30 cents on October 30, 2018.

About Guyana Goldstrike Inc.

The Company is developing the Marudi Gold Project, which has a 17-year mining license and is located in Guyana, South America. Historic diamond drilling completed on the Project by prior operators have delineated two zones of gold mineralization: Mazoa Hill and Marudi North zones. A mineral resource estimate has been completed on the Mazoa Hill Zone. Data analyzed suggests the zone is open to mineralization in multiple directions and at depth.

Through the recent exploration program, the Company has discovered a third mineralized zone, called Toucan Ridge, which is situated approximately 1000 metres to the northeast of the Mazoa Hill Zone. In addition to the known gold zones and the new Toucan Ridge zone, the Company has over 45 sq. kms of underexplored land and believes the greater land position has excellent upside potential for the discovery of new mineralized zones through the development of previously and newly identified mineralized bedrock targets on the Project.

About Guyana

The Republic of Guyana is located in South America adjacent to Suriname. The country is English speaking and its legal system is based on British common law with a democratically elected government. It has an established mining act and a rich history of gold production. The Fraser Institute's 2016 Annual Survey of Mining listed Guyana as the third best mining jurisdiction with regards to investment attractiveness in the Latin America and Caribbean Basin sub-group. The Guiana Shield is the geographic gold-hosting region and is world-recognized as a premier gold region that is highly prospective, under-explored and has geological continuity with West Africa. Barrick has recently announced that the Giuana Shield will be their priority region for discovery opportunities and early stage exploration.* Exxon Recently announced the discovery of 6 billion barrels of offshore oil with production scheduled for first quarter of 2020. This discovery will designate Guyana as having the fastest growing GPD in 2020, estimated to be 86%.**

*https://www.reuters.com/article/us-barrick-gold-randgold-rsrcs-explorati/barrick-keen-on-guyana-shield-canada-for-exploration-executive-idUSKCN1NL276

**https://www.bloomberg.com/news/articles/2019-11-02/meet-the-economy-that-the-imf-sees-growing-86-in-2020

Qualified Person

Locke Goldsmith, M.Sc., P. Eng, P. Geo, Chief Geologist and Exploration Manager for the Company, is a Qualified Person in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Goldsmith has reviewed and approved the scientific and technical content of this news release.

On behalf of the Board of Directors of

GUYANA GOLDSTRIKE INC.

Peter Berdusco

President and Chief Executive Officer

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for gold, changes in exploration costs and government regulation in Guyana, status of artisanal mining activities and associated rights, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.

Guyana Goldstrike Signs US$9 Million Gold Forward Purchase Agreement

Tue, 28 Jan 2020 07:35:00 MST

January 28, 2020 – TheNewswire - Vancouver, Canada - Guyana Goldstrike Inc. (the “Company” or “Guyana Goldstrike”) (TSXV:GYA), (OTC:GYNAF), (FSE:1ZT) is pleased to announce the Company has signed a definitive gold forward purchase agreement (the “Agreement”), dated January 24, 2020, with an arms-length investor (the “Investor”) for proceeds of up to US$9,000,000, for the Marudi Gold Project (“Marudi” or the “Property”, or the “Project”) located in Guyana, South America.

Under the terms of the Agreement, the Investor will make an initial payment of US$2,000,000 on or before April 14, 2020. Thereafter, a second payment of US$7,000,000 will be advanced within thirty days of a royalty interest in the Project in favour of the Investor having been registered.

The Agreement is non-dilutive to the Company’s current share structure as no shares or warrants will be issued to the Investor. The proceeds will enable the Company to finalize its purchase of the Project and further explore and develop the resource potential of the Property.

In consideration for providing funding, the Company has agreed to deliver 30,000 ounces of gold, representing approximately 10% of the Project’s current mineral resource estimate (please see “Mineral Resource Estimates” below). Deliveries will commence within 120 days of a declaration of commercial production from the Project, or within 36 months of the initial funding under the Agreement, whichever the earlier, with an annual delivery schedule of 3,000 ounces. The Company has also agreed to grant the Investor a right of first refusal to acquire a further 30,000 ounces of gold, on terms to be negotiated between the parties.

The delivery obligation of the Company will be secured by a 12.5% net smelter returns royalty in favour of the Investor, to be registered against the Project. The royalty will not be payable while the Company meets the deliver schedule and will expire once all delivery obligations under the Agreement have been satisfied.

Mineral Resource Estimates

The Mazoa Hill Zone contains the Company’s current mineral resource estimate. Data analyzed suggests that the mineralized zone is open in several directions including at depth.

- 243,300 indicated gold ounces within 3,637,000 tonnes grading 2.1 g/t;

- 78,800 inferred gold ounces within 1,278,000tonnes grading 1.9 g/t

About Guyana Goldstrike Inc.

About Guyana

*https://www.reuters.com/article/us-barrick-gold-randgold-rsrcs-explorati/barrick-keen-on-guyana-shield-canada-for-exploration-executive-idUSKCN1NL276

**https://www.bloomberg.com/news/articles/2019-11-02/meet-the-economy-that-the-imf-sees-growing-86-in-2020

Qualified Person

On behalf of the Board of Directors of

GUYANA GOLDSTRIKE INC.

Peter Berdusco

President and Chief Executive Officer

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for gold, changes in exploration costs and government regulation in Guyana, status of artisanal mining activities and associated rights, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations.