Eric Sprott Announces Investment in Goldstrike Resources Ltd.

Eric Sprott announces that on September 21, 2016, he acquired ownership of 99,000 common shares of Goldstrike Resources Ltd. ("Goldstrike") at a price of $0.27 per share for total consideration of $26,730.

The 99,000 Shares represent less than 0.1% of the issued and outstanding shares of Goldstrike on a non-diluted basis. As of the date hereof, after giving effect to this acquisition, Sprott owns and controls 11,688,500 shares and 5,000,000 common share purchase warrants ("Warrants") of Goldstrike, representing approximately 7.3% of the issued and outstanding shares on a non-diluted basis, and approximately 10.1% on a partially diluted basis. Prior to the date hereof, Sprott beneficially owned 11,589,500 shares and 5,000,000 Warrants representing approximately 7.2% of the issued and outstanding shares on a non-diluted basis, and approximately 9.9% on a partially diluted basis.

The shares were acquired by Mr. Sprott for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional shares either on the open market or through private acquisitions or sell the shares either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

- Source, Market Wired