Update on Black Schist Projects

Gunsynd PLC

("Gunsynd" or the "Company")

Update on Conditional Farm-in to Black Schist Projects in Finland

Gunsynd Plc (AIM: GUN, AQSE: GUN) notes the announcement by Metals One Plc in relation to  the second stage payment from the Company pursuant to the subscription and shareholders agreement (the "Farm-in Agreement") between Metals One, Metals One Finland Oy (formerly named FinnAust Mining Northern Oy) and the Company, as detailed in Metals One admission document, is now due. Discussions regarding various options in relation to the Farm-in Agreement are ongoing and the Company will make a further announcement once these are concluded.

This announcement contains inside information for the purposes of the UK Market Abuse Regulation and the Directors of the Company are responsible for the release of this announcement.

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