Investee Company Update – 1911 Gold Corporation

Gunsynd Plc

("Gunsynd" or the "Company")

Investee Company Update - 1911 Gold Corporation

Gunsynd Plc (AIM: GUN) notes the recent announcements made by its investee company 1911 Gold Corporation (TSXV: AUMB) ("1911 Gold"), a junior gold development and exploration company located in Manitoba, in the heart of the Rice Lake gold district within the West Uchi greenstone belt in Canada.

Highlights

·      Strategic and lead investment from a high growth gold producer, whose production base does not include any assets in Canada.

·      Upsized its previously announced non-brokered private placement offering to raise aggregate gross proceeds of up to CAD$8,100,000.

·      Approximately 2,550 metres ("m") in 10 holes have been drilled to completion on testing the new near surface drill targets, with drilling underway at the San Antonio Southeast Target.

·      Two (2) of the three (3) initial new targets now drill tested with follow up expected upon review of final assay results.

·      The MRE released on 20 November 2024 identified a number of drill targets within areas of known mineralisation for potential resource extension both down plunge and along strike outside of the veins modelled supporting the MRE.

·      Assessment of the data and geological model supporting the existing 43-101 Mineral Resource Estimate for Ogama Rockland Project is underway, results of this will define the resource potential of this project as well as identify opportunities as a potential satellite gold deposit.

·      Ongoing, comprehensive review of the geology and resource potential of other past producers on the property, including the Central Manitoba project is underway to generate additional exploration drill targets.

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. 

The Directors of the Company are responsible for the release of this announcement.

For further information, please contact: