VANCOUVER, BRITISH COLUMBIA–(Marketwired – March 6, 2017) – Goldstrike Resources Ltd. (TSX VENTURE:GSR)(OTC PINK:APRAF)(FRANKFURT:KCG1) is pleased to announce that it has entered into a strategic alliance with Newmont Mining Corporation and its subsidiary, Newmont Canada FN Holdings ULC (“Newmont“), pursuant to which Newmont has agreed to purchase 12,705,715 units of Goldstrike by way of non-brokered private placement (the “Initial Private Placement“) at the price of C$0.4742 per unit, for an aggregate cost of ~C$6,025,050 (US$4,500,000), and pursuant to which Goldstrike has agreed to grant to Newmont the right to earn a 51% interest in Goldstrike’s Plateau project, Yukon, by (i) making cash payments totaling ~C$8,000,000 to Goldstrike (US$6,000,000, of which US$1,000,000 is payable on closing and an additional US$1,000,000 by December 15,2017 is mandatory); (ii) incurring a minimum of ~C$17,400,000 (US$13,000,0000) in exploration expenditures on Plateau; and (iii) completing an NI 43-101 Resource Estimate (Phase 1). Newmont’s firm commitments over the first two years of Phase 1, including the financing, cash payments and exploration expenditures, total C$14,658,450.