Acquisition of Gold Claims & Issue of Equity

Gunsynd PLC

12 January 2026

 

Gunsynd PLC

("Gunsynd" or the "Company")

Barb Gold Project Update

Acquisition of High-Grade Gold Claims

Issue of Equity

Gunsynd (AIM: GUN) is pleased to announce that it has entered into a legally binding Property Purchase agreement with Peter Dunlop (the "Vendor") which sets out the commercial terms pursuant to which the Company will acquire certain licences ("Lotus 1 and 2, Denver and Brook") over prospective acreage in Manitoba, Canada (the "Proposed Transaction"), subject to completion. 

Highlights

·    100% Acquisition of the historic Lotus Mine, along with the Denver and Betty shafts which are in addition to the original Barb Project acquisition ("Barb Project") announced on 23 June 2025.

·    Located in the southern part of the Barb Project close to the Wanipigow fault which represents a principal control on orogenic gold in the 90km long Rice Lake greenstone belt (including 1911 Gold's True North Mill.  The fault extends into Ontario's prolific Red Lake belt (circa 30 million oz of past gold production).  See appendix for Map.  This part of the Barb Project also corresponds to the high grade gold grab samples previously announced in October 2025.

·    Further consolidates the Gunsynd land package after the acquisition of the Barb and English claims (which constitute the Barb Project) in June 2025.

·    Historical grades at Lotus and Denver significantly higher than assay results previously announced by Gunsynd.

Lotus 1 and 2

Esso Resources 1980 diamond drill campaign indicated the presence of at least four gold bear shoots along the 365 metres ("m") strike length of a vein system.  The average uncut grade of the shoots was 17 g/t au.  Highlights of the 21 holes included:

Lo1 213 g/t au over 0.3 m

LO21 99 g/t au over 0.76m

Lotus drill results from 1980 produced 71,500 tons at 5.38g/t AU

Denver

Sampling program in the 90s produced about 17 g/t au average grade per sample.

A field campaign in 2014 by JOVG Resources delivered assay results of an average of 94.68 g/t au with the highest grade of 221 g/t au.

Brook (aka Betty)

The Betty shaft grab samples assayed 3.4 g/t Au, never drilled.

Initial Cash and Equity Payment

Payment to the Vendor of CAD$250,000 (approx. £135,000) upon closing.

Gunsynd will issue to a third party associated with the transaction 11,654,783 new ordinary shares of 0.085 pence ("Ordinary Shares") at a price of 0.115 pence per share.

Smelter Royalty

The Company will grant to the Vendor a 2.5% net smelter royalty ("NSR"), payable over the claims. Up to sixty percent (60%) of which may be repurchased by the Purchaser at any time for $1,500,000 to reduce the NSR to 1.0%.

Employee Benefit Trust and Issue of Equity 

Gunsynd has also issued 50,000,000 new ordinary shares (the "EBT Shares") to the Gunsynd Employee Benefit Trust ("EBT") at a price of 0.085p (being par value) per new ordinary share, following a subscription by the trustee of the EBT, LGL Trustees Jersey, at an aggregate cost to the Company of £42,500. Following admission of the EBT Shares, the EBT will hold 140,000,000 ordinary shares representing approximately 8.79% of the enlarged issued share capital of the Company following Admission (as defined below).

Admission

Application will be made to the London Stock Exchange to admit EBT Shares to trading on AIM ("Admission"). Admission is expected to occur on or around 16 January 2026. The EBT Shares will rank pari passu with the existing ordinary shares.

Total Voting Rights

For the purposes of the Disclosure and Transparency Rules, following Admission, the Company's issued share capital will comprise 1,592,639,203 ordinary shares of 0.085p each. This figure may be used by shareholders as the denominator for calculations to determine if they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.

The historical exploration results referred to in this announcement are derived from reports and data compiled by previous operators of the properties. These results are historical in nature and have not been prepared in accordance with the JORC Code (2012) or any other recognised reporting standard.

Hamish Harris, Chairman of Gunsynd, commented: 

"The board is delighted to have been able to add these claims to the Barb Project.  The area has long been known to have had gold occurrences but hasn't been systematically explored largely due to fragmentation of ownership.  The acquisition of these claims with historic high grade assays goes a long way to redress this and provides us with ready made drill targets.  The Lotus and Denver claims will be a priority for us with respect to drill planning.  We will be closely working with Critical Discoveries as the project operator to expedite permitting and near-term exploration."

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 Hamish Harris / Peter Ruse  www.gunsynd.com	[phone]
Cairn Financial Advisers LLP Liam Murray / James Western	[phone]
AlbR Capital Limited Lucy Williams	[phone]

Appendix

Claims List

NUMBER	MINING CLAIM NAME AND NUMBER	DATE RECORDED	EXPIRY DATE	HECTARES
1.	LOTUS 1 W53445	10/05/1993	12/04/2046	16
2.	LOTUS 2 W53446	10/05/1993	12/04/2035	48
3.	BROOK W53690	12/22/1995	02/20/2031	16
4.	DENVER 1 W49604	12/06/1993	02/04/2038	16
	TOTAL AREA:			96

 

 

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