Guyana Goldstrike Inc. announce that the Company has entered into a binding letter of intent dated July 19, 2023, to acquire the Jupiter Copper Project from Jupiter Electric Metals Inc., 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. 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. Both Target 1 and Target 2 have high exploration potential similar to that discovered at Marimaca. 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.

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 USD 1 to the Vendor on signing of the LOI. Making four payments of USD 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 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 for one basis, 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 CAD 0.25 for a period of 2 years.

Complete a work program on the Project within 90 days of executing the LOI of USD 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 USD 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 CAD 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 USD 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.