Business
Barb Gold Project Update & Issue of Equity
Gunsynd PLC has completed the acquisition of four mineral claims, Lotus 1, Lotus 2, Brook, and Denver, within its 100%-owned Barb Gold Project in Manitoba, Canada, strengthening its land position and identifying multiple high-priority exploration targets. Previous sampling from these new claims revealed significant gold mineralization, with one sample returning 79.8 g/t Au. To advance drill target generation, Gunsynd plans an Induced Polarisation survey and has issued 11,654,783 new ordinary shares at 0.115 pence per share as consideration for the acquisition, alongside 11,304,346 shares to a creditor to settle liabilities, with admission of these 22,959,129 shares expected around February 11, 2026. Disclaimer*
About this update from Gunsynd Plc
Gunsynd PLC ("Gunsynd" or the "Company") Barb Gold Project Update Barb Gold Project Expansion and Target Development Update Issue of Equity Gunsynd PLC (AIM: GUN) is pleased to announce that, further to the announcement on 12 January 2026, the Company has completed the acquisition of the Lotus 1, Lotus 2 and Brook mineral claims, which host historic shafts, and the Denver claim, which hosts a historic gold showing, all located within the Company's 100%-owned Barb Gold Project in Manitoba, Canada (the "Acquisition"). The newly acquired claims are contiguous with the existing Barb Gold Project and consolidate highly prospective ground within a structurally complex portion of the Archean Rice Lake Greenstone Belt. Figure 1. New claims highlighted in green. The addition of these claims strengthens the Company's land position across key structural trends and provides multiple high-priority targets for follow-up exploration, including the historically mapped Lotus, North, Cross, Ling and Wasp quartz veins. The historic workings, combined with geophysical responses and surface geochemical results from the broader property, suggest potential for structurally controlled gold mineralisation typical of the Rice Lake Greenstone Belt. Claim Name Hectares Lotus 1 15.820 ha Lotus 2 51.805 ha Denver 1 16.309 ha Brook (aka Betty) 16.837 ha Recent, high-resolution airborne magnetic survey data indicates that the Lotus and Denver showings coincide with interpreted structural corridors considered favourable for gold mineralisation. These structural features are interpreted as shear zones and lithological contacts that may have acted as conduits for mineralising fluids. Previous sampling from the new claims includes: Sample ID Rock Type Description FA-AA Au (ppb) FA-GRA Au (g/t) LM-001 LM Qtz Vein Rubble Grab sample from blast pile, close to Lotus Mine. Rubble from quartz vein consists of smoky grey quartz, trace chlorite, 1% pyrite, trace arsenopyrite, and trace very fine-grained gold. All pieces in sample have VG. > 10000 79.8 LM-002 LM ser alt host rock Grab sample from blast pile at Lotus Mine. Consists of sericite altered host rock at margins of Lotus vein. Mainly sericite altered host, 10% quartz vein, 1-3% fine grained patchy pyrite, and trace very fine grained silvery grey sulphides. 1190 1.19 LM-003 LM Qtz Vein Rubble Grab samples...