Gunsynd PlcLSE: GUN

Partial disposal of shares in Investee companies

· Issued by Gunsynd Plc

17 January 2023

Gunsynd plc

("Gunsynd" or the "Company")

Partial disposal of shares in Investee companies

Gunsynd Plc (AIM: GUN, AQSE: GUN) announces that it has partially disposed of holdings in some of its investee companies being Charger Metals NL ("Charger") (ASX: CHR); Pacific Nickel Mines Ltd ("Pacific Nickel") (ASX:PNM) and First Tin Plc ("First Tin") (LSE:1SN), which are set out below:

I nvestee company

N umber of shares sold

A verage price per share (approximately)

T otal proceeds*

Resultant shareholding

Approximate resultant shareholding %

Charger

197,940

AUD$0.58

AUD$115,686 (approximately £65,964)

2,977,060

4.8%

Pacific Nickel

1,945,757

AUD$0.07

AUD$135,702 (approximately £77,377)

2,779,840

0.7%

First Tin

465,333

£0.11

£50,724

618,000

0.2%

*GBP figures based on exchange rate at market close 16 January 2023

The Directors of Gunsynd accept responsibility for this announcement.

For further information please contact:

Gunsynd plc

Hamish Harris/ Peter Ruse

+44 (0) 78 7958 4153

Cairn Financial Advisers LLP

James Caithie / Liam Murray

+44 (0) 20 7213 0880

Peterhouse Capital Limited

Lucy Williams

+44 (0) 20 7469 0936