Guyana Goldstrike Inc. announce the company has signed a definitive gold forward purchase agreement, dated January 24, 2020, with an arms-length investor for proceeds of up to USD 9,000,000, for the Marudi Gold Project located in Guyana, South America. Under the terms of the Agreement, the Investor will make an initial payment of USD 2,000,000 on or before April 14, 2020. Thereafter, a second payment of USD 7,000,000 will be advanced within thirty days of a royalty interest in the Project in favour of the Investor having been registered. The Agreement is non-dilutive to the company's current share structure as no shares or warrants will be issued to the Investor. The proceeds will enable the Company to finalize its purchase of the Project and further explore and develop the resource potential of the Property. In consideration for providing funding, the company has agreed to deliver 30,000 ounces of gold, representing approximately 10% of the Project's current mineral resource estimate. Deliveries will commence within 120 days of a declaration of commercial production from the Project, or within 36 months of the initial funding under the Agreement, whichever the earlier, with an annual delivery schedule of 3,000 ounces. The company has also agreed to grant the Investor a right of first refusal to acquire a further 30,000 ounces of gold, on terms to be negotiated between the parties. The delivery obligation of the company will be secured by a 12.5% net smelter returns royalty in favour of the Investor, to be registered against the Project. The royalty will not be payable while the company meets the deliver schedule and will expire once all delivery obligations under the Agreement have been satisfied.