Goldshore Completes 2,780-Meter Summer Drilling Program at Moss Gold Project

On behalf of Goldshore Resources Inc

VANCOUVER, B.C., July 24, 2024: Goldshore Resources Inc. (TSXV:GSHR / OTC Markets: OTCQB:GSHRF / FSE:8X00) (“Goldshore” or the “Company”) is pleased to announce that it has completed it’s 2,500-meter summer drill program on schedule and under budget allowing for the completion of an additional high priority drill hole for a total of 12 drill holes and 2,780 meters.

The Company completed 7 drill holes for 1,571 meters at the Boundary Zone Prospect and 5 drill holes for 1,209 meters at the Southwest Drilling Zone Prospect and expects first results back from the assay lab in August.

Michael Henrichsen, CEO of Goldshore commented, “We are pleased to finish our 2024 summer drill program ahead of schedule and under budget. An additional 280 meters were drilled due to efficiencies within the program that allowed for an additional test of the SW Zone where the Company stepped out 600 meters from limits of the drilling at the Moss deposit. At the Boundary Zone the Company was focused on replicating and building upon historical intercepts that were outside of the current mineral resource and conceptual pit shell.  Results to date are encouraging with visual confirmation of the Boundary Zone as well as the definition of a new parallel shear zone that has similar characteristics to the known Boundary Zone mineralization. We look forward to analyzing the assay results to inform our next steps.”

Communications Program Update

The Company has engaged Investor Insights Systems Inc. (“Investor Insights”) for a term of twelve months commencing July 22, 2024, to provide digital marketing services, including digital content creation, distribution, search engine marketing (SEM), pay-per-click (PPC) advertising and market awareness campaigns. Investor Insights is based in Vancouver, British Columbia, and will receive a total fee of $225,000, payable upfront, in consideration for services to be provided through the term of the engagement. Services provided by Investor Insights will be overseen on behalf of Investor Insights by Mac Foster. Mr. Foster directly owns 50,000 shares of the Company. To the Company’s knowledge, neither Investor Insights nor its principals have any further interest, directly or indirectly, in the securities of the Company. The Company is at arms-length from Investor Insights and Mr. Foster, and does not propose to issue any securities to Investor Insights, or Mr. Foster, in consideration of services to be provided to the Company.

Qualified Person

Peter Flindell, PGeo, MAusIMM, MAIG, Vice-President, Exploration, of the Company, and a qualified person under National Instrument 43-101, has approved the scientific and technical information contained in this news release.

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.
E: [email protected]
W: www.goldshoreresources.com

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