Gunsynd plc

("Gunsynd", or the "Company")

Interim Results for the six months ended 31 January 2026

Chairman's Statement

I am pleased to report the interim results for the six months ended 31 January 2026.

Review of Investments

Barb (Gold Project)

In October 2025, Gunsynd received initial assay results confirming high-grade gold. Mineralisation was proven across the property, including thirteen samples assaying 1 g/t gold or higher, with the highest reading of 13.12 g/t. Subsequently in January 2026 Gunsynd announced the 100% Acquisition of the historic Lotus Mine, along with the Denver and Betty shafts which are enveloped within the Barb claims.

Bear Twit (Zinc, Lead, Copper Project)

Gunsynd recently increased its land package nearly five-fold, from 17,008 to 82,561 hectares. Simultaneously, Rio Tinto pegged 323,053 hectares adjacent to the project. In March 2026 Canadian authorities announced the upgrade to an all-season highway from Wrigley to Norman with construction to start this summer which provides the prospect of much improved and cheaper transport costs with respect to the Bear Twit project.

Falcon, Merlin and Greylark (Copper, Uranium Projects)

A third party consultant in August 2025 completed a comprehensive review of all historical geophysical surveys completed across the Company's land package in the Hornby Basin including its Falcon, Greylark and Merlin licences and identified 22 targets to follow up with field work.

Eagle Lake (Gold Project)

In November 2025, Gunsynd entered into an agreement to purchase 10% of the Eagle Gold project in Ontario, situated in the Wabigoon Greenstone belt which includes the numerous other gold deposits with Historic sampling of up to 204 g/t. Shortly afterwards Medcaw Investments plc entered into an agreement to buy the other 90% at a large premium to the Gunsynd purchase price.

Aberdeen Minerals ("Aberdeen")

In September 2025, Aberdeen completed its phase 2 program drilling five hole core drilling program at Arthrath Nickel-Copper Project, Aberdeenshire. All holes intersected significant sulphide mineralisation, further demonstrating the continuity and consistency of the mineral system. Subsequently £850,000 was investment by Central Asia Metals plc ("CAML") through the exercise of 11p warrants to fund the Phase 3 programme, at a price representing an uplift in value for all shareholders. CAML increased their interest in Aberdeen Minerals from 28.4% to 32.6%. CAML is an AIM listed company with market capitalisation of approx. £300 million.

Richmond Hill Resources PLC (formerly Rogue Baron PLC)

Richmond Hill was admitted to trading on AIM in October 2025 and acquired the Saint Sophie Copper Project in Quebec, Canada. In January 2026, Richmond Hill entered into a sale and purchase agreement to acquire the Martello Gold Project in Ontario, Canada with rig mobilisation for drilling expected to occur by 31 March 2026.

Black Schist Projects

The operator and majority owner continues to review future upside in the Black Schist Project and is considering how best to advance it, which offers potential optionality in the future as nickel supply rebalances and prices potentially recover.

Finance Review

The Company's profit for the period was £588,000 (31 January 2025: £357,000 loss). The realised and unrealised market valuation on financial investments for the period was a profit of £990,000 (31 January 2025: £49,000 loss).

The Company had net assets at 31 January 2026 of £2,802,000 (31 January 2025: £1,677,000) including cash balances of £563,000 (31 January 2025: £105,000).

Outlook

We maintain a level of diversification in our portfolio but are mainly concentrated in natural resources, particularly in North America and are unlikely to change this in the near future. Equity prices for junior resources stocks again remain depressed in the period. Although not yet reflected in equity prices, commodity prices, particularly gold and copper, have exhibited signs of recent strength notwithstanding recent events.. We remain optimistic that provided the situation in the Middle East is resolved soon the outlook for gold in particular looks positive.

Gunsynd very much looks forward to updating the market on progress of its Canadian assets over the coming year.

Hamish Harris

Chairman

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.

For further information, please contact:

The interim results will be available electronically on the Company's website: www.gunsynd.com.

Gunsynd plc

Consolidated statement of comprehensive income - unaudited
For the six months ended 31 January 2026

Gunsynd plc

Consolidated statement of financial position - unaudited
As at 31 January 2026

Gunsynd plc

Consolidated statement of changes in equity - unaudited
For the six months ended 31 January 2026

Gunsynd plc

Consolidated statement of cash flows - unaudited
For the six months ended 31 January 2026

Notes to the interim report

For the six months ended 31 January 2026

1          Basis of preparation

As permitted IAS 34, 'Interim Financial Reporting' has not been applied to these half-yearly results. The financial information of the Company for the six months ended 31 January 2026 have been prepared in accordance with UK adopted International Accounting Standards (IAS) and applicable law. The interim financial information has been prepared using the accounting policies which will be applied in the Company's statutory financial statements for the year ending 31 July 2025.

The financial information shown in this publication is unaudited and does not constitute statutory accounts as defined in Section 434 of the Companies Act 2006. The comparative figures for the financial year ended 31 July 2025 have been derived from the statutory accounts for 2025. The statutory accounts have been delivered to the Registrar of Companies. The auditors have reported on those accounts; their report was unqualified and did not contain statements under the section 498(2) or 498(3) of the Companies Act 2006.

2          Earnings per share

The calculation of the loss per share is based on the loss attributable to ordinary shareholders divided by the weighted average number of shares in issue during the period.

3          Events after the end of the reporting period

On 11 February 2026, the Company completed the acquisition of the Lotus 1, Lotus 2, Brook and Denver mineral claims located within its Barb Gold Project in Manitoba, Canada.

Consideration comprised a cash payment of approximately £135,000 and the issue of 11,654,783 new ordinary shares at a price of 0.115 pence per share. In addition, 11,304,346 new ordinary shares were issued at a price of 0.115 pence per share to settle certain outstanding creditor balances associated with the transaction.

4          Financial Information

The Board of Directors approved this interim report on 25 March 2026.

A copy of this report can be obtained from our website at www.gunsynd.com

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.