Update on Eagle Lake and Disposal of Investment

(AIM:GUN) Gunsynd Plc provided an update on the Eagle Lake Gold Project in Ontario, Canada, following a corporate update from Talon Resources Plc (AIM:TAR) regarding preliminary assay results from its maiden drill programme. High-grade gold mineralisation was intersected at multiple targets, with the stand-out intercept in hole EG-26-07 at Cedar Trench, which was the highest-ranked target identified by MINML's PRISM machine learning platform. EG-26-07 (Cedar Trench) intersected 21.25m at 2.19 g/t Au from 64.00m, including 8.75m at 5.05 g/t Au from 76.50m, 0.93m at 15.10 g/t Au from 77.57m, and 1.25m at 17.08 g/t Au from 84.00m. EG-26-07 also intersected 11.57m at 0.85 g/t Au from 48.50m, including 0.60m at 4.67 g/t Au from 49.12m and 1.00m at 1.98 g/t Au from 55.50m. EG-26-06 (Cedar Trench) intersected 33.35m at 0.61 g/t Au from 30.15m, including 4.55m at 1.83 g/t Au from 56.95m and 1.50m at 1.85 g/t Au from 34.00m. EG-26-03 (East Fornieri Bay) intersected five intervals of gold mineralisation, including 0.50m at 6.86 g/t Au from 19.50m and 2.99m at 0.70 g/t Au from 94.00m. EG-26-01 (East Fornieri Bay) intersected 5.80m at 0.54 g/t Au from 33.50m, including 1.10m at 1.68 g/t Au from 36.00m and 0.80m at 1.33 g/t Au from 38.50m. Additional intervals from the drill programme include 3.30m at 0.89 g/t Au from 36.00m in EG-26-01, 0.58m at 1.00 g/t Au from 4.72m in EG-26-03, 0.55m at 1.24 g/t Au from 45.45m in EG-26-03, and 0.93m at 0.33 g/t Au from 48.07m in EG-26-03. EG-26-06 also returned 4.00m at 0.53 g/t Au from 19.50m, 2.00m at 0.59 g/t Au from 71.50m, 2.93m at 0.39 g/t Au from 76.95m, 1.00m at 0.73 g/t Au from 87.00m, and 0.79m at 0.43 g/t Au from 93.00m. EG-26-07 included 4.34m at 0.30 g/t Au from 64.00m, 8.75m at 5.05 g/t Au from 76.50m, 7.68m at 5.71 g/t Au from 77.57m, 0.93m at 15.10 g/t Au from 77.57m, and 1.25m at 17.08 g/t Au from 84.00m. The company noted that remaining samples are being processed by the laboratory and are expected to provide a comprehensive interpretation of the geology at Eagle Lake. Gunsynd has disposed of its holding of Low 6 for £50,000 in cash, which it has received. The company has transitioned to an operating company with a primary focus on gold assets in Canada, as per the announcement on 12 October 2026 and the general meeting held on 28 October 2026.

Update on Eagle Lake Project

(AIM: GUN) Gunsynd Plc notes a Corporate update from Talon Resources Plc (AIM:TAR), which holds a 90 per cent. interest in Wedgetail Mining Corp., the registered holder of the mining claims comprising the Eagle Lake Gold Project in Ontario, Canada. The Phase 1 exploration programme at Eagle Lake included geological mapping, channel sampling, and grab sampling, generating 57 channel samples over 46.45m and six grab samples. Channel sampling highlights include 1.85m @ 7.17g/t Au (including 0.50m @ 24.40 g/t Au), 4.80m @ 4.47 g/t Au (including 1.0m @ 19.10 g/t Au), 5.70m @ 1.26 g/t Au (including 1.70m @ 3.15 g/t Au), and 10.10m @ 0.57 g/t Au (including 2.50m @ 1.53 g/t Au). The best grab sample returned 32.90 g/t Au at Parker Shear, with additional assays of 8.37 g/t Au, 4.57 g/t Au, and 0.38 g/t Au. A new Moss Knoll target was identified, returning 8.00m @ 0.67 g/t Au (including 3.20m @ 1.10 g/t Au). The company projects that maiden drilling is expected to commence in Q4 2026, with results to be integrated with historical data and MINML's machine learning-assisted targeting platform to finalise drill targets for the maiden 1,000m diamond drilling programme.

Update on Barb Project

Gunsynd plc (AIM: GUN) has provided an update on the Barb Gold Project in Manitoba, Canada. The company expects to commence its summer field programme by mid-June 2026, subject to final snow melt, with activities including rock chip sampling and an Induced Polarisation (IP) geophysical survey over newly acquired and existing claims. Historical grades at the Lotus deposit, now part of the enlarged project, include 34.29 g/t Au across 1.5 m and 22.49 g/t Au, as recorded in Manitoba Mineral Inventory File 375. Discussions are ongoing with the local First Nations community regarding planned exploration activities, including drilling. The company maintains a high level of confidence in the enlarged project, citing last year's successful field campaign and historical grades.