Exploration Update: Gold Strike One, Yukon

Rhea-AI Summary

Gold Strike Resources (TSXV: GSR, OTC Pink: GDSRF) reported completion of its 2026 soil, rock and airborne geophysical programs at the Gold Strike One (GS1) property in Yukon, near Snowline Gold’s Valley deposit. Field crews collected 374 soil and 134 rock samples on 100 m-spaced lines, now at the lab awaiting assays.

The company also discovered a previously unmapped ~100 m x 100 m intrusive outcrop in the southeast of GS1 within an area of historic gold-anomalous soils; initial sampling has been completed with results pending. A 289.34 line‑km heliborne magnetic and radiometric survey on 100 m spacing was flown, with interpretation and integrated results to be reported later. Technical disclosure was reviewed by Qualified Person David Kelsch, P.Geo.

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HIGHLIGHTS

• 134 rock and 374 soil samples were collected on Gold Strike One ("GS1") from July to early August 2026 providing property-wide coverage (Figure 2).
• A previously unmapped 100m x100m intrusive outcrop was discovered in the southeast corner of the claims amongst coincident historic gold anomalous soils (see Figure 2 and Figure 3). The outcrop was sampled where the crews could gain access as well as its talus apron for float. Results are pending.
• A 289.34 line-kilometre, 100m line spaced, airborne geophysics, magnetics and radiometric survey, designed to augment the geochemical/ geological understanding of GS1 has been completed. Results are pending.

Vancouver, British Columbia--(Newsfile Corp. - August 24, 2026) - Gold Strike Resources Corp. (TSXV: GSR) (OTC Pink: GDSRF) (the "Company" or "Gold Strike") announces the completion of the 2026 soil and rock sampling program on the GS1 property (see Figure 1), which is proximal to Snowline Gold's Valley gold deposit. (see Gold Strike news release dated July 2, 2026 goldstrikeresourcescorp.com/2026/07/02/gold-strike-mobilizes-to-gold-strike-one-project-in-yukon-to-identify-drill-targets/).

Peter Miles, CEO stated, "Gold Strike has been busy over the past two months with some 40 people working on advancing our five properties in Yukon: GS1, GS2, Florin, RJ and FLR (see Figure 1). We are now receiving data from our programs and expect to increase our news flow significantly over the next few months. GS1 is an important property for Gold Strike given its proximity to Snowline's Valley gold deposit and we are pleased that our field crews have completed our 2026 program on GS1 which includes the discovery of an intrusive outcrop that we have sampled. Results are pending."

The intrusion (see Figures 2 and 3) is about 100x100m, although exact boundaries are covered in scree or talus. It is plagioclase rich with notable euhedral lathy phenocrysts sometimes aligned, sometimes not. It has rare biotite as an accessory phase but generally lacks mafic minerals. Trace to 2-3% subhedral interstitial pyrite in the groundmass is typical and has 1cm Fe-oxide weathered selvages along fractures that are generally steep roughly north-south. The intrusive is lacking magnetism and the immediate sedimentary country rock has weak hornfels in select float (biotite in slatey mudstone) and is magnetic. Sampling was limited due to steep terrain; future sampling will be undertaken by high-angle geologists.

The 374 soil samples and the 134 rock samples (see Figure 2) were collected along ridge lines and valley contours at a nominal 100m spacing and have been delivered to the laboratory where they await assay. Results will be reported when received.

Previous soil and rock sampling program highlighted zones where the soils are anomalous in gold and or its pathfinder elements (As, Bi, Sb). This year's program filled in and obtained closer spacing in the gold anomalous zones and sampled new areas giving the property a blanket coverage.

Gold Strike commissioned a 289.34 line-kilometre heliborne geophysical survey over the property which has now been completed. This low level magnetic and radiometric survey flown at 100m line spacing will provide key data that will complement the geochemical results. The Company will provide an update when the final data have been received and interpreted.

Figure 1: Location of the GS1 project within the Tombstone Gold Belt in Yukon and its proximity to the Valley deposit (see inset). 

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2534/311020_a7c9d02824c53ac6_002full.jpg

Figure 2: 2026 soil and rock sample locations shown in green and blue; historical sampling shown in red, orange, yellow and white; also highlighting the location of the intrusive outcrop depicted in Figure 3.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2534/311020_a7c9d02824c53ac6_003full.jpg

Figure 3: Photograph of the intrusive outcrop located in the SE corner of GS1.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2534/311020_a7c9d02824c53ac6_004full.jpg

Technical Information

The scientific and technical information in this news release has been reviewed and approved by David Kelsch, P.Geo., a consultant to the Company. Mr. Kelsch is a Qualified Person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

About the Company

Gold Strike Resources Corp. is a mineral exploration and development company focused on building a gold mineral inventory within its highly prospective land package in the proven, but underexplored Tombstone Gold Belt, Yukon. The Company holds a 100% interest in its five core Yukon properties: the Florin Project, the FLR Gold Project, the RJ Gold Project, Gold Strike One Project, and Gold Strike Two Project, which together represent a district-scale land package with multiple near-surface exploration targets. With an award-winning technical team and experienced management and board of directors, Gold Strike is based in Vancouver and is listed on the TSX Venture Exchange (TSXV: GSR).

(signed) "Peter Miles"

Peter Miles

Chief Executive Officer

For additional information on the Company, please contact Mr. Peter Miles, Chief Executive Officer at (604) 408-6680 or email investor@goldstrikeresourcescorp.com.

To be added to the email distribution list, please visit our website at www.goldstrikeresourcescorp.com.

Cautionary Statements and "Forward-Looking" Information

Mineralization hosted on adjacent, nearby or geologically similar properties is not necessarily indicative of mineralization hosted on the Company's properties.

This news release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are identified by words such as "anticipate", "plan", "continue", "expect", "estimate", "objective", "may", "will", "project", "should", "predict", "potential", "intend", "goal", "designed to", and similar expressions.

Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company cannot give any assurance that they will prove correct. Since forward-looking statements address future events and conditions, they involve inherent assumptions, risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of assumptions, factors and risks. These assumptions and risks include, but are not limited to, assumptions and risks associated with mineral exploration generally and results from anticipated and proposed exploration programs, conditions in the equity financing markets, and assumptions and risks regarding receipt of further regulatory and First Nation approvals. Forward-looking statements in this news release include, without limitation: the completion of exploration programs and the receipt, analysis and reporting of data. Exploration activities in Yukon are subject to seasonal access constraints, engagement with local communities and Indigenous rights holders, availability of financing, and the inherent uncertainties of mineral exploration, including the risk that drill results do not confirm grade continuity or resource expansion potential. Risks specific to the foregoing include laboratory capacity constraints affecting assay turnaround, delays in processing and interpreting airborne geophysical data, adverse weather or access conditions, and the failure of exploration programs to identify economic mineralization.

The forward-looking statements contained in this news release are made as of the date hereof. Other than as required by applicable securities laws, the Company disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events, results, or otherwise.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/311020

FAQ

What did Gold Strike Resources (GDSRF) announce in its August 24, 2026 GS1 exploration update?

Gold Strike Resources announced completion of its 2026 soil, rock and airborne geophysical programs at the Gold Strike One (GS1) property. According to Gold Strike, all samples and geophysical data are now collected, with assay and interpretation results to be released once received and evaluated.

How many soil and rock samples were collected at Gold Strike One by Gold Strike Resources (GDSRF) in 2026?

Gold Strike collected 374 soil samples and 134 rock samples on the GS1 property in 2026. According to Gold Strike, sampling was done along ridge lines and valley contours at nominal 100 m spacing, providing near-blanket geochemical coverage over both previously known and newly targeted areas.

What is the significance of the newly discovered intrusive outcrop at GS1 for Gold Strike Resources (GDSRF)?

Gold Strike reported discovery of a previously unmapped ~100 m x 100 m intrusive outcrop in GS1’s southeast corner. According to Gold Strike, the outcrop lies among historic gold-anomalous soils and has been sampled where accessible; assay results from these intrusive-related rock and float samples remain pending.

What airborne geophysical survey did Gold Strike Resources (GDSRF) complete over Gold Strike One in 2026?

Gold Strike completed a 289.34 line‑kilometre heliborne magnetic and radiometric survey over GS1, flown on 100 m line spacing. According to Gold Strike, this low-level survey is intended to complement geochemical results, with final interpreted data to be provided in a future technical update.

Where is the Gold Strike One (GS1) project of Gold Strike Resources (GDSRF) located and why is it important?

The GS1 project is in Yukon’s Tombstone Gold Belt, proximal to Snowline Gold’s Valley gold deposit. According to Gold Strike, GS1 is considered an important property within its Yukon portfolio, and recent work aims to refine drill targets through integrated geochemical and geophysical datasets.

Who is the Qualified Person for Gold Strike Resources (GDSRF) overseeing technical information on the GS1 update?

The technical information was reviewed and approved by David Kelsch, P.Geo., a consultant to Gold Strike. According to Gold Strike, Kelsch acts as the Qualified Person under National Instrument 43‑101, ensuring the GS1 exploration data and descriptions meet Canadian disclosure standards for mineral projects.