Black Schist Mineral Resource Estimate Upgrade

Gunsynd PLC

("Gunsynd" or the "Company")

Black Schist Mineral Resource Estimate Upgrade

Gunsynd Plc (AIM: GUN, AQSE: GUN), the AIM and AQSE quoted investing company, notes the announcement by Metals One Plc ("Metals One") in relation to its maiden JORC Inferred Mineral Resource for the P5 area of the Finland - Black Schist Project of 29 Mt¹. This brings the total Black Schist Project resource to 57.1 Mt, approximately double the previous estimate.

Gunsynd holds 6.25% of the issued share capital of Metals One Finland Oy, a subsidiary of Metals One which holds the Black Schist Project.

¹ 27.2 Mt attributable to Metals One; 1.8 Mt (6.25%) attributable to project partner, Gunsynd Plc. Metals One has the option to acquire this 6.25% from Gunsynd.

The Metals One announcement can be viewed in full at the link below: https://www.londonstockexchange.com/news-article/MET1/black-schist-project-mre-upgrade/16569438

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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