Update on Eagle Lake Gold Project

Gunsynd Plc

("Gunsynd" or the "Company")

Update on Eagle Lake Gold Project

Grant of Exploration Permit

Gunsynd (AIM: GUN) notes the announcement made by Medcaw Investments plc ("Medcaw") in relation to the Eagle Lake Gold Project (the "Project", previously referred to as Eagle Gold) in which the Company has a legally binding term sheet to acquire a 10% interest in the Project. A summary of the key highlights, as reported by Medcaw, is set out below.

Highlights

•  Early Exploration Permit PR-25-000274 granted by the Ontario Ministry of Energy and Mines on 19 March 2026, issued pursuant to subsection 78.3(2) of the Mining Act (Ontario)

•  The Permit is effective for a period of three years and authorises early exploration activities across the Project area

•  The Project comprises 95 contiguous mining claims covering approximately 1,986 hectares within Ontario's Wabigoon Greenstone Belt.

Barb Update

Gunsynd also expects to be able to provide an update with respect to a proposed work programme at its Barb Gold Project in the coming weeks.

Hamish Harris, Executive Director, commented: "It's pleasing to see momentum at the Eagle Lake Gold Project with the granting of the exploration permit representing an important step in advancing early-stage activities."

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. 

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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