Goldstrike Resources Ltd. Announces Accelerated Expiry of Warrants - Seite 2

None of the Company's currently outstanding warrants issued pursuant to Goldstrike private placements were re-priced as part of the Arrangement. Accordingly, none of such warrants are affected by the Acceleration Requirement. However, the Arrangement provided for the exchange of all outstanding Petro One warrants for Goldstrike warrants (each an "Arrangement Warrant") on a 1:1 basis and an effective reduction in the exercise price to $0.15. As a result of the Acceleration Requirement, the current exercise terms of such Arrangement Warrants are as follows:

• Each Arrangement Warrant represented by a Petro One warrant certificate indicating an exercise price of $0.80 per share and an expiry date of March 15, 2014 or March 15, 2016 (original warrant issue date March 15, 2012) is now exercisable to purchase one Goldstrike share for $0.15 until 4:30 p.m. on July 26, 2016.
• Each Arrangement Warrant represented by a Petro One warrant certificate indicating an exercise price of $0.80 per share and an expiry date of either December 22, 2013 or December 22, 2015 (original warrant issue date December 22, 2011) is now exercisable to purchase one Goldstrike share for $0.15 until 4:30 p.m. on July 26, 2016.
• Each Arrangement Warrant (other than any "finders' warrant") represented by a Petro One warrant certificate indicating an exercise price of $0.375 per share and an expiry date of October 7, 2016 (original warrant issue date October 7, 2014) is now exercisable to purchase one Goldstrike share for $0.15 until 4:30 p.m. on July 26, 2016.
• Each Arrangement Warrant represented by a Goldstrike warrant certificate issued on or after February 29, 2016 in exchange or substitution for a Petro One warrant certificate and indicating an exercise price of $0.15 per share and an expiry date of October 7, 2016 is now exercisable to purchase one Goldstrike share for $0.15 until 4:30 p.m. on July 26, 2016.

No other Arrangement Warrants have been affected by the Acceleration Requirement. Each Arrangement Warrant issued in exchange for a Petro One "finders' warrant" and represented by a Petro One warrant certificate indicating an exercise price of $0.375 per share and an expiry date of October 7, 2016 (original warrant issue date October 7, 2014) remains exercisable to purchase one Goldstrike share for $0.375 until October 7, 2016.