REG - Gunsynd PLC - Update on Eagle Gold Project

GunsyndAnnouncement

Tue 07:00

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RNS Number : 7353K  Gunsynd PLC  09 December 2025

Gunsynd Plc

("Gunsynd" or the "Company")

Update on Eagle Gold Project

Drill target definition and community engagement

Gunsynd (AIM: GUN), an investing company, is pleased to provide an update on
exploration activity at the Eagle Gold Project, Ontario, Canada.  Critical
Discoveries Ltd has been engaged to operate the field exploration program and
to lead the technical work, including historic data compilation, target
generation, and drill-program planning.

A program of historic data compilation and digitisation is ongoing to define
high-priority drill targets for a maiden drill program. Thirty-five historical
assessment reports are being reviewed, and the available geophysical,
geochemical and diamond-drill datasets are being digitised and combined to
inform field design and permitting. Initial work has identified multiple high
priority targets along the largely under-explored approximately 7 km strike
extent, warranting a large follow-up geochemical survey and targeted drilling.

Community engagement and permitting

Consultation has been initiated with relevant stakeholders as part of its
permitting and project planning in recognition of the importance of early and
ongoing indigenous engagement. Feedback will be incorporated into the
exploration plan and drill permit submission.

Next steps

·    Complete community consultation and submit the exploration drill
permit application to the Ontario Ministry of Mines.

·    Design upcoming exploration program, including finalising the drill
plan and outlining the geochemical and geophysical surveys.

As announced on 19 November 2025, the Company entered into a term sheet which
sets out the basis on which the Company can farm into the Eagle Gold Project.
As at the date of this announcement, the farm in agreement has not been
concluded but it is anticipated this will occur shortly.  A further
announcement will be made in due course.

Hamish Harris Chairman, commented: "We are pleased that the Eagle Gold Project
will be advanced through focused data compilation, permitting preparations and
early engagement with Eagle Lake First Nation. These steps position us to
responsibly progress to field programs and, ultimately, testing the
drill-ready highly prospective gold project."

 

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.

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:

 Gunsynd plc                   +44 (0) 78 7958 4153

 Hamish Harris
 Cairn Financial Advisers LLP  +44 20 7213 0880

 Liam Murray / James Western
 AlbR Capital Limited          +44 20 7469 0936

 Lucy Williams

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