Guyana Goldstrike Inc. announced a non-brokered private placement of up to 12,000,000 units at a price of CAD 0.15 per unit for gross proceeds of up to CAD 1,800,000 on July 24, 2023. Each unit will consist of one post-consolidation common share and one share purchase warrant entitling the holder to acquire an additional post-consolidation common share at a price of CAD 0.25 for a period of twenty-four months following completion of the transaction. 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 CAD 0.50 or greater per common share for a period of ten 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.

Completion of the transaction is subject to completion of the consolidation. All securities issued in connection with the transaction 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.