Gunsynd PLC

("Gunsynd" or the "Company")

Investee Company Update - Richmond Hill Resources plc

Gunsynd (AIM: GUN) announces that as part of the admission process of Richmond Hill Resources plc ("Richmond Hill Resources") to trading on AIM, the Company has converted its outstanding loan notes into equity.

As at 30 June 2025, the total outstanding balance was £144,259, comprising:

·    8% Loan Note: £32,795

·    Convertible Loan Note Interest: £111,464

Following this conversion, Gunsynd now holds 18,016,501 ordinary shares in Richmond Hill Resources. These shares are subject to a twelve-month lock-in period and a six-month orderly market provision thereafter.

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.

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. 

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