Goldshore Announces $25 Million Bought Deal Private Placement to Drive On-Going Development at the Moss Gold Deposit

Press Release

VANCOUVER, B.C., June 2, 2025: Goldshore Resources Inc. (TSXV: GSHR / OTC Markets: GSHRF / FSE: 8X00) (“Goldshore” or the “Company” or the “Company”) is pleased to announce that it has entered into an agreement with Stifel Nicolaus Canada Inc. (the “Lead Underwriter”) as lead underwriter and sole bookrunner, and a syndicate of underwriters to be formed (together, the “Underwriters”) pursuant to which the Company has launched a “bought deal” private placement for aggregate gross proceeds of $25,000,000 (the “Offering”) of:

• 22,727,272 Charity flow-through shares (the “CFT Shares”) at a price of $0.44 per CFT Share for total gross proceeds of $10,000,000;

• 32,258,064 Hard dollar common shares (the “Common Shares”) at a price of $0.31 per Common Share for total gross proceeds of $10,000,000; and

• 13,157,894 Flow-through common shares (the “FT Shares” and together with the Common Shares and CFT Shares, the “Offered Shares”), at a price of $0.38 per FT Share for total gross proceeds of $5,000,000.

The FT Shares and CFT Shares will qualify as “flow-through shares” within the meaning of the Income Tax Act (Canada) (the “Act”)

Gross proceeds from the sale of CFT Shares and FT Shares will be used to incur eligible Canadian exploration expenses and flow-through mining expenditures, as defined in the Act (“Qualifying Expenditures“) related to the Company’s Moss Gold Project in Ontario, on or before December 31, 2026, and to renounce all the Qualifying Expenditures in favour of the purchasers of the FT Shares and the CFT Shares effective December 31, 2025. Eventus Capital Corp. is an advisor to the Company.

Specifically, the Company intends to use the proceeds from the FT and CFT financings for the following activities:

• 21,000m of tight spaced “grade control” drilling to define drill spacing for the infill MRE conversion drill program and provide sample for feasibility level metallurgical test work
• 7,500m scout drilling to test district targets generated by the winter drill program
• An update to the Mineral Resource Estimate and additional test work to support the ongoing PEA
• Ongoing environmental baseline costs
• Ongoing community engagement programs
• Additional generative exploration, including bedrock geochemical samples plus outcrop stripping for mapping and sampling
• Field overhead costs

Michael Henrichsen, CEO of Goldshore commented, “The gross proceeds from the FT and CFT Share sale will be used to advance the Moss Gold Deposit through a critical phase of development, positioning the Company for the release of a Preliminary Economic Assessment (PEA) from G-Mining Services in Q4 of this year, and ultimately driving further de-risking and development activities thereafter.”

Subject to compliance with applicable regulatory requirements, the CFT Shares and the Common Shares will be offered to purchasers resident in all Provinces of Canada (excluding Quebec) pursuant to the listed issuer financing exemption under Part 5A (the “Listed Issuer Financing Exemption”) of National Instrument 45-106 – Prospectus Exemptions (“NI 45-106”). Offered Shares sold pursuant to the Listed Issuer Financing Exemption in Canada will not be subject to resale restrictions under applicable Canadian securities laws. The Offered Shares may be re-offered or re-sold on a private placement basis in offshore jurisdictions as permitted and in the United States pursuant to an exemption from the registration requirements of the United States Securities Act of 1933 (the “U.S. Securities Act”), as amended. The FT Shares will be offered to purchasers resident in all Provinces of Canada (excluding Quebec) pursuant to other applicable exemptions from the prospectus requirements of NI 45-106.

There is an offering document related to the Offering (the “LIFE Offering Document”) that can be accessed under the Company’s profile on SEDAR+ at www.sedarplus.ca and on the Company’s website at www.goldshoreresources.com. Prospective investors should read this LIFE Offering Document before making an investment decision.

The Company has agreed to pay the Underwriters a cash commission of 6.0% of the gross proceeds raised under the Offering, which shall be reduced to 3.0% for subscribers on the president’s list. In connection with the Offering the Company will grant the Underwriters an option to sell up to an additional 15% of the aggregate amount of Offered Shares, exercisable, in whole or in part, any time up until 48 hours prior to the closing date of the Offering.

The Offering is expected to close on or about June 19, 2025 and is subject to the Company receiving all necessary regulatory approvals, including the approval from the TSX Venture Exchange.

The securities described herein have not been, and will not be, registered under the U.S. Securities Act or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

About Goldshore

Goldshore is a growth-oriented gold company focused on delivering long-term shareholder and stakeholder value through the acquisition and advancement of primary gold assets in tier-one jurisdictions. It is led by the ex-global head of structural geology for the world’s largest gold company and backed by one of Canada’s pre-eminent private equity firms. The Company’s current focus is the advanced stage 100% owned Moss Gold Project which is positioned in Ontario, Canada, with direct access from the Trans-Canada Highway, hydroelectric power near site, supportive local communities and skilled workforce. The Company has invested over $60 million of new capital and completed approximately 80,000 meters of drilling on the Moss Gold Project, which, in aggregate, has had over 235,000 meters of drilling. The 2024 updated NI 43-101 mineral resource estimate (“MRE”) has expanded to 1.54 million ounces of Indicated gold resources at 1.23 g/t Au and 5.20 million ounces of Inferred gold resources at 1.11 g/t Au. The MRE only encompasses 3.6 kilometers of the 35+ kilometer mineralized trend, remains open at depth and along strike and is one of the few remaining major Canadian gold deposits positioned for fast track through this development cycle. For more information, please visit SEDAR+ (www.sedarplus.ca) and the Company’s website (www.goldshoreresources.com).

For More Information – Please Contact:

Michael Henrichsen
President, Chief Executive Officer and Director
Goldshore Resources Inc.

P: 604 404 4335
E: mhenrichsen@goldshoreresources.com
W: www.goldshoreresources.com

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