31 January 2022                                                Gunsynd plc

("Gunsynd" or the "Company")

Partial disposal of shares in Charger Metals Limited

Gunsynd Plc (AIM: GUN, AQSE: GUN) announces that it has partially disposed of holdings in one of its investee companies Charger Metals Limited ("Charger") (ASX: CHR).

The disposal was executed via the sale of 600,000 shares on the market at an average price per share of approximately 82 cents AUD for proceeds of approximately AUD$493,000 (approximately £260,000) after costs. This fully recoups the total cash outlay of $480,000 invested by Gunsynd in Charger.

Following this disposal, Gunsynd continues to hold 3 million shares in Charger representing approximately 6%.

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

The Directors of Gunsynd accept responsibility for this announcement.

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