Mr. Brett Richards reports

GOLDSHORE RESOURCES PROVIDES CORPORATE UPDATE AND EQUITY GRANT

Goldshore Resources Inc. has provided a corporate update in regard to its continuing activities.

Corporate update highlights:

• The company is completing a mineral resource estimate (MRE) update and expects the results of the study to be completed in January, 2024.
• Goldshore continues to work with its metallurgical consultants on test work for heap leaching the low-grade material from the Moss gold deposit, using various composites of ore size and grade. The result of the heap leach testing should be completed by the end of the first half of 2024.
• Once the new model, MRE and metallurgical testing are completed, the company will commence phase 2 of the preliminary economic assessment (PEA) in scoping a project (size and scale) that delivers optimum economic results, appreciating the market's discontent for large-scale-capital-expenditure projects. Completion of the PEA will be done by the end of August, 2024.
• The company hosted a year-in-review conference call with questions and answers from investors, which can be viewed on Goldshore's website.

Equity grant to management and directors

Goldshore's board of directors granted 3,569,333 incentive stock options and 2,095,332 restricted share units (RSUs) to the directors, management, officers and consultants of the company as part of its annual compensation plan. The options are exercisable at 15 cents per share for a period of five years and vest as follows: one-third on May 22, 2024, one-third on May 22, 2025, and one-third on May 22, 2026. The RSUs vest 12 months from the date of grant as follows: 1,536,665 on Dec. 11, 2024, and 558,667 on Dec. 22, 2024.

About Goldshore Resources Inc.

Goldshore is an emerging junior gold development company and owns 100 per cent of the Moss gold project located in Ontario. The company is well financed and supported by an industry-leading management group and board of directors, and it is well positioned to advance the Moss gold project through the next stages of exploration and development.

We seek Safe Harbor.