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Guyana Goldstrike Inc. (GYA.V) is pleased to announced that it has completed a non-brokered private placement of 13,900,000 units at a price of $0.25 per Unit for gross proceeds of $3,475,000.  Each Unit consists of one common share of the Company, and one common share purchase warrant exercisable to acquire an additional common share at a price of $0.35 for a period of twenty-four months.  All securities issued in connection with the placement are subject to a four-month-and-one-day statutory hold period.

The placement included a $3,200,000 strategic investment by Gold Mountains Asset Management Limited, a wholly-owned subsidiary of Zijin Mining Group.  The investment was completed by Zijin Global Fund ( and Zijin Midas Exploration Fund LLC, both managed by GMAFollowing completion of the placement, GMA has control of 12,800,000 common shares of the Company, representing approximately 24.4% of the Company’s current issued and outstanding common shares, and 12,800,000 common share purchase warrants.  Ownership of the common shares and warrants is held by Zijin Global and Zijin Midas.  GMA would have control of 25,600,000 common shares of the Company, representing approximately 39.3% of the then issued and outstanding common shares of the Company, assuming exercise of only the warrants controlled by GMA.

The securities were acquired by GMA for investment purposes, on behalf of Zijin Global and Zijin Midas.  In the future, additional securities of the Company may be acquired or disposed of by GMA, Zijin Global or Zijin Midas, through the market, privately or otherwise, as circumstances or market conditions may warrant.

Proceeds from the placement will be used to advance the Company’s flagship Marudi Gold Project in Guyana, South America.  The placement will allow the Company to fund its ongoing multi-phase exploration program at Marudi, involving up to 10,000 metres of diamond drilling and 12,000 metres of trenching.

The Company is also pleased to announce that its board of directors has approved the appointment Sha “Lisa” Liu as a director of the Company effective March 1, 2018.