Gunpoint Launches Drill Program at Talapoosa Project and Announces a $3.35 Million Non-Brokered Private Placement

Vancouver, British Columbia--(Newsfile Corp. - November 18, 2025) - Gunpoint Exploration Ltd. (TSXV: GUN) ("Gunpoint" or the "Company") is pleased to provide an exploration update on its Talapoosa gold-silver project ("Talapoosa") located in the Walker Lane Trend of Nevada. Mobilizing has started on a 1,500 meter step-out drill program to test a recently discovered mineralized trend near Talapoosa. In addition, the Company intends to raise $3.35 million in a non-brokered private placement.

Randy Reifel, Chairman and CEO of Gunpoint, comments: "Until the unprecedented gold rally this year, the capital markets have disciplined the junior mining sector to exercise prudent fiscal management to preserve shareholder value. Respecting challenging markets, we have methodically and efficiently continued to explore Talapoosa. Our focus led to identifying a major new mineralized trend which could significantly increase the project's size and mine plan. We are excited to initiate the first drill program targeting a potential major upside to Talapoosa since the 1.2 million ounces of gold was reported 14 years ago."

TALAPOOSA

Talapoosa has a NI 43-101 mineral resource estimate hosting a measured and indicated resource of 1,012,802 ounces of gold at a grade of 1.11 g/t gold and 13,649,358 ounces of silver at a grade of 14.97 g/t silver. The inferred mineral resource contains 233,532 ounces of gold at a grade of 0.72 g/t gold and 2,172,766 ounces of silver at a grade of 6.65 g/t silver. The cut-off grade is 0.45 g/t gold equivalent.

During the past two years, field work has focused on an under-explored structural trend in the southeastern portion of the property that straddles between the Talapoosa and Appaloosa trends (see map attached). Detailed mapping and sampling have delineated one kilometer northeast of Talapoosa's known resource, a mineralized zone ("Ranch Trend") 2,500 meters along strike and up to 750 meters wide (see map attached). To-date, 116 surface rock chip samples have been taken on the Ranch Trend. The rock samples returned 20 g/t gold and 124 g/t silver with the lowest gold value collected being 0.017 g/t gold together with anomalous silver. Historical exploration and condemnation drill holes within the Ranch trend intersected significant gold mineralization in areas that were not further tested or explored.