Gold Strike Announces 2025 AGM Results

Rhea-AI Summary

Gold Strike Resources (GDSRF) reported that all matters at its annual general meeting held on December 23, 2025 were approved by the requisite majority. Shareholders also voted, subject to TSXV approval, to replace the existing option plan with an omnibus incentive plan.

The omnibus plan permits: (1) issuance of options to acquire up to 10% of common shares outstanding at each grant date; and (2) issuance of up to 6,930,577 restricted share units. A total of 39,115,785 common shares were represented at the meeting, equal to 56.44% of votes attached to outstanding shares as of the record date.

Positive

• Omnibus plan approved by shareholders subject to TSXV consent
• Options allowance up to 10% of outstanding shares at grant
• RSU pool capped at 6,930,577 restricted share units

Negative

• Potential dilution from up to 10% additional options
• Omnibus plan subject to TSXV approval, creating execution uncertainty

Vancouver, British Columbia--(Newsfile Corp. - December 31, 2025) - Gold Strike Resources Corp. (TSXV: GSR)  (the "Company" or "Gold Strike") reports that all matters submitted for approval at Gold Strike's annual meeting of shareholders held on December 23, 2025 as set out in the Company's Notice of Meeting and Management Information Circular, both dated November 21, 2025, were approved by the requisite majority of votes cast at the meeting. In addition to customary annual general meeting approvals, the Company's shareholders voted, subject to approval of the TSXV, to replace the Company's existing option plan with an omnibus incentive plan. The omnibus incentive plan provides for the issuance of (1) options to acquire up to 10% of the common shares issued and outstanding at the date of the stock option grant; and (2) up to 6,930,577 restricted share units. A total of 39,115,785 common shares, representing 56.44% of the votes attached to all outstanding shares as at the record date for the meeting were represented.

About the Company

Gold Strike Resources Corp. is a mineral exploration and development company focused on high-impact properties in Canada. 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 email ir@goldstrikeresourcescorp.com with "Gold Strike" in the subject line.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in 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/279331

FAQ

What did Gold Strike (GDSRF) shareholders approve at the December 23, 2025 AGM?

Shareholders approved all meeting matters and voted to replace the existing option plan with an omnibus incentive plan, subject to TSXV approval.

How many restricted share units did Gold Strike (GDSRF) authorize at the AGM?

The omnibus incentive plan provides for up to 6,930,577 restricted share units.

What is the option issuance limit under Gold Strike's (GDSRF) new omnibus plan?

The plan allows issuance of options to acquire up to 10% of common shares issued and outstanding at each grant date.

How much shareholder voting participation occurred at Gold Strike's (GDSRF) AGM on December 23, 2025?

A total of 39,115,785 common shares were represented, equal to 56.44% of votes attached to outstanding shares as of the record date.

Does the omnibus incentive plan for Gold Strike (GDSRF) take effect immediately?

No; the omnibus incentive plan is approved by shareholders but is subject to TSXV approval before it takes effect.