Increase in Shareholding - Rincon Resources

Gunsynd plc

("Gunsynd" or the "Company")

Increase in Shareholding - Rincon Resources Limited 

Gunsynd Plc (AIM: GUN, AQSE: GUN) is pleased to announce that it has invested an additional A$149,500 (approximately £85,000) in Rincon Resources Limited ("Rincon"), one of Gunsynd's existing investee companies, an ASX listed Australian gold and base metals exploration company (ASX: RCR).

This further investment in Rincon was executed via purchase of shares in the market:

·      Purchase of 438,057 shares at an average price of A$0.34

·      Gunsynd now holds 8,900,000 shares in Rincon representing approximately 17.34% of Rincon's issued share capital.

Hamish Harris, Gunsynd Plc Director, commented: "Gunsynd is pleased to continue to add to its existing investment in Rincon Resources. Rincon has what we believe to be a very exciting portfolio of copper/gold projects. We look forward to Rincon advancing its highly prospective projects in Western Australia."

About Rincon Resources

Rincon Resources is a Western Australian ("WA") focused gold and base metals exploration company. It currently holds the rights to three highly prospective projects in WA, the most significant of which, South Telfer, a 50,000-hectare project in the Paterson province, is approximately 12km south from Newcrest Limited's Telfer mine. The two others are highly prospective copper-gold projects - Laverton and Kiwirrkurra.

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.

For further information please contact: