Mr. Terrence King reports

GOLDSTRIKE ANNOUNCES OPTION GRANT

Goldstrike Resources Ltd. has granted incentive stock options exercisable to purchase up to a total of three million shares to a director and an officer of the company. All of the options are exercisable at a price of 18 cents per share until May 6, 2026, subject to earlier termination in accordance with their terms. The company also notes that the options announced on April 29, 2016, are exercisable at 18 cents.

All option grants are subject to acceptance by the TSX Venture Exchange. 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 the exercise of options priced below the market price.