Unlock the Potential of a Major Canadian Gold Deposit with Goldshore Resources

On behalf of Goldshore Resources Inc

Amidst a gold bull market fueled by global economic uncertainty, Goldshore Resources Inc. (TSXV:GSHR) (OTCQB:GSHRF) is emerging as a standout player in the mining industry. With Goldman Sachs forecasting gold to reach $2,700 per ounce by the end of 2024¹ and Citi projecting it could hit $3,000 within the next six to 18 months,² the timing couldn’t be better for this company. As geopolitical tensions and economic instability drive investors toward gold, Goldshore Resources finds itself uniquely positioned with size and scale in a tier 1 jurisdiction. Its Moss Gold Project in Ontario, located in one of Canada’s most prolific gold-producing regions, has increased its resource to 1.54M ounces Au Indicated at 1.23 g/t Au and 5.20M ounces Au Inferred at 1.11 g/t Au,³ making it a company worth following in the gold mining industry.

Goldshore Resources Inc. (TSXV:GSHR) (OTCQB:GSHRF) is not just another gold mining company; it’s a catalyst for substantial growth in a gold market poised for continued growth, with gold prices surging 16% this year.

Major Gold Deposit Growth and Exploration Potential: Goldshore Resources Inc. (TSXV:GSHR) (OTCQB:GSHRF) has rapidly expanded its Moss Gold Project, growing the resource to 1.54M ounces gold Indicated at 1.23 g/t gold and 5.20M ounces gold Inferred at 1.11 g/t gold.⁴ The company is now focusing on two key growth levers: near-deposit growth through an extensive drilling program and blue sky exploration across a 14-mile unexplored corridor. This dual strategy positions Goldshore Resources to capitalize on further discoveries and resource expansion.
Strategic Location in Ontario’s Gold Belts: Ontario is Canada’s leading gold-producing province, and Goldshore Resources’ Moss Gold Project is situated in a prime location with access to excellent infrastructure, including highways, power, and a skilled workforce. The area contains major gold assets, including Agnico Eagle’s Detour Lake, New Gold’s Rainy River, Equinox’s Greenstone and IAMGOLD’s Cote Lake, all of which are either in production,^5,6 or nearing production.⁷
Advanced Exploration Techniques and High-Priority Targets: Goldshore Resources Inc. (TSXV:GSHR) (OTCQB:GSHRF) is leveraging advanced geophysical surveys and drilling techniques to maximize the accuracy and efficiency of its exploration efforts. The company’s recent drill program has already identified high-priority targets near the existing Moss deposit, with the potential to significantly increase the resource base. The ongoing step-out drilling is targeting shallow ground to add ounces to the current resource, further enhancing the project’s value.
Experienced and Proven Leadership: Goldshore Resources Inc. (TSXV:GSHR) (OTCQB:GSHRF) is led by a highly experienced team with a strong track record in the mining industry. CEO Michael Henrichsen, formerly the global structural geologist at Newmont Mining, brings valuable expertise in discovering and developing major gold deposits. He is supported by Peter Flindell who brings over 35 years of exceptional experience in mineral exploration and feasibility studies including 12 years at Newmont Mining, where he led teams to significant gold and copper discoveries across multiple continents. Their combined expertise and strategic vision could position Goldshore to become a major gold company in Canada.
Strong Financial Backing: Goldshore Resources has secured robust financial support from SAF Group,⁸ led by Managing Partner Brian Paes-Braga, who has been involved in growth equity financings totaling over $1 billion.⁹ In November 2023, SAF Group led a $3.75 million financing round, followed by a private transaction in May 2024 where they acquired an additional 7% of GSHR. Most recently, in July 2024, SAF Group exercised $4.9 million worth of warrants, further bolstering Goldshore’s expansion and development efforts. These investments demonstrate a strong vote of confidence and a commitment to the long-term growth of the company.
Near-Term Catalysts and Growth Drivers: Goldshore Resources Inc. (TSXV:GSHR) (OTCQB:GSHRF) is on track to deliver several near-term catalysts that could significantly boost its market valuation. These include the results from a recently completed 2,787-meter drill program, expected in September2024, and the completion of a Preliminary Economic Assessment (PEA) by Q1 2025.¹⁰ These milestones are expected to validate the project’s value proposition and set the stage for further development, including a Pre-Feasibility Study.¹¹
Exceptional Infrastructure and Supportive Jurisdiction:The Moss Gold Project benefits from outstanding infrastructure, including direct accessibility from the Trans-Canada Highway and associated power lines, supportive local communities and skilled workforce, and more. The project is also located in a supportive jurisdiction, with local communities and a skilled workforce contributing to the project’s long-term viability. This infrastructure advantage supports year-round exploration and the potential development of a district-scale mining camp.

Company Structure

Market Cap: C$95.66 Million
Share Price: C$0.32
Board and Management: 6.4%
Strategic Shareholders: 35.0%
Institutional Ownership: 15.0%

Conclusion: Goldshore Resources Inc. (TSXV:GSHR) (OTCQB:GSHRF) is at a pivotal point, with the potential to make significant inroads in advancing its Moss Gold Project. Its strategic location in one of Ontario’s gold belts, coupled with a skilled management team and a robust exploration strategy, positions it well to capitalize on the ongoing gold bull market. As the company progresses with its ambitious exploration plans and upcoming catalysts, it is set to potentially become a key player in the global gold mining landscape. Market participants looking to ride the gold bull run should keep a close eye on Goldshore Resources and its upcoming developments.

image1 5 Unlock the Potential of a Major Canadian Gold Deposit with Goldshore Resources

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Disclaimer

Qualified Person

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

Cautionary Note Regarding Forward-Looking Statements

This news release contains statements that constitute “forward-looking statements.” Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur. Forward-looking statements in this news release include, among others, statements relating to expectations regarding the exploration and development of the Moss Gold Project; the timing and release of assay results; timing and release of a PEA; the expectation that the development of Goldshore will be successful; and other statements that are not historical facts.

Forward-looking statements are based on certain material assumptions and analysis made by the Company and the opinions and estimates of management as of the date of this press release, including that the exploration and development of the Moss Gold Project will be as expected by the Company’s management; the timing and release of assay results will be as expected by management; timing and release of a PEA will be as expected by management; the development of the Company will be successful.

These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important risks that may cause actual results to vary, include, without limitation, the risk that the exploration and development of the Moss Gold Project not be expected by the Company’s management or will be completed at all; the timing and release of assay results not be as expected by the Company’s management or will not be completed at all; timing and release of a PEA will not be as expected by the Company’s management or will not be completed at all; the development of the Company will not be successful.

Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws.

PAID ADVERTISEMENT. This communication is a paid advertisement for Goldshore Resources Inc. (TSXV:GSHR) (OTCQB:GSHRF) (the “Company”) to enhance public awareness of the Company, its products, its industry and as a potential investment opportunity. Native Ads Inc., and their owners, managers, employees, and assigns were paid by the Company to create, produce and distribute this advertisement. This compensation should be viewed as a major conflict with Native Ads Inc.’s ability to be unbiased.

This communication is not intended as, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security. Neither this communication nor the Company purport to provide a complete analysis of the Company or its financial position. The Company is not, and does not purport to be, a broker-dealer or registered investment adviser. This communication is not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the Company. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the profiled Company’s SEDAR+ and/or other government filings. Investing in securities is speculative and carries a high degree of risk.

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footnotes:
[1] https://www.kitco.com/news/article/2024-05-01/goldman-sachs-says-golds-bullish-momentum-remains-even-if-fed-maintains [2] https://www.cnbc.com/video/2024/06/12/ubs-says-these-factors-could-push-gold-prices-up-to-2600-by-end-2024.html [3] https://goldshoreresources.com/goldshore-announces-an-indicated-mineral-resource-estimate-of-1535koz-contained-gold-at-1-23-g-t-au/ [4] https://goldshoreresources.com/goldshore-announces-an-indicated-mineral-resource-estimate-of-1535koz-contained-gold-at-1-23-g-t-au/ [5] https://www.agnicoeagle.com/English/operations/operations/Detour-Lake-Mine/default.aspx [6] https://rainyriver.newgold.com/ [7] https://www.iamgold.com/English/operations/cote-gold-project-ontario/default.aspx [8] https://safgroup.ca/overview/ [9] https://www.brianpaesbraga.com/ [10] https://finance.yahoo.com/news/goldshore-engages-key-consultants-advance-113000666.html [11] https://finance.yahoo.com/news/goldshore-engages-key-consultants-advance-113000666.html

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6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding Goldshore Resources Inc.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Goldshore Resources Inc.’s industry; (b) market opportunity; (c) Goldshore Resources Inc.’s business plans and strategies; (d) services that Goldshore Resources Inc. intends to offer; (e) Goldshore Resources Inc.’s milestone projections and targets; (f) Goldshore Resources Inc.’s expectations regarding receipt of approval for regulatory applications; (g) Goldshore Resources Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Goldshore Resources Inc.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Goldshore Resources Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Goldshore Resources Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) the accuracy of budgeted costs and expenditures; (e) Goldshore Resources Inc.’s ability to attract and retain skilled personnel; (f) political and regulatory stability; (g) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (h) changes in applicable legislation; (i) stability in financial and capital markets; and (j) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Goldshore Resources Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Goldshore Resources Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Goldshore Resources Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Goldshore Resources Inc.’s business operations (e) Goldshore Resources Inc. may be unable to implement its growth strategy; and (f) increased competition.

Except as required by law, Goldshore Resources Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Goldshore Resources Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Goldshore Resources Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.

7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Goldshore Resources Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Goldshore Resources Inc. or such entities and are not necessarily indicative of future performance of Goldshore Resources Inc. or such entities.

8) The technical information contained in articles and videos produced for this campaign has been reviewed and approved by Mr. Peter Flindell at Goldshore Resources Inc. as the Qualified Persons for the Company as defined in National Instrument 43-101.

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