Pacific Nickel - Nickel Projects Update

Gunsynd plc

("Gunsynd" or the "Company")

Pacific Nickel - Solomon Islands Nickel Projects Update

Gunsynd Plc (AIM: GUN, AQSE: GUN) notes the announcement by its investee company Pacific Nickel Mines Limited (ASX: PNM) ("Pacific Nickel"), that  it has applied for a Mining Lease for the Jejevo Nickel Project on Isabel Island in the Solomon Islands.

Pacific Nickel also stated that it expected to ramp up to full production on the Kolosori Nickel Project during the course of 2023.

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or anticipated future events and anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, competition for qualified staff, the regulatory process and actions, technical issues, new legislation, uncertainties resulting from potential delays or changes in plans, uncertainties resulting from working in a new political jurisdiction, uncertainties regarding the results of exploration, uncertainties regarding the timing and granting of prospecting rights, uncertainties regarding the Company's ability to execute and implement future plans, and the occurrence of unexpected events.  Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors.

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