Vancouver, British Columbia–(Newsfile Corp. – June 4, 2019) – Gunpoint Exploration Ltd. (TSXV: GUN) (“Gunpoint” or the “Company”) is pleased to announce the signing of a non-binding letter of intent (the “LOI”) with Inomin Mines Inc. (TSX.V: MINE) (“Inomin”) to sell its 100% interest in the La Gitana gold-silver property (“La Gitana” or “Property”) located in Oaxaca State, Mexico (the “Transaction”). La Gitana comprises a 494 hectare property situated within a major northwest trending regional structure that host several mineral deposits including Gold Resource’s (NYSE: GORO) La Aguila open-pit gold-silver mine and Fortuna Silver’s (TSX: FVI) San Jose underground gold-silver mine. The terms of the Agreement provide for an exclusivity period to conduct due diligence and conclude a definitive agreement (“Agreement”) to finalize the purchase terms of the Transaction.