Mr. Michael Henrichsen reports

GOLDSHORE EXPANDS WINTER DRILL PROGRAM TO 20,000 METERS

Goldshore Resources Inc. has planned a 5,000-metre expansion of its winter diamond drilling program at its 100-per-cent-owned Moss gold project, located in Ontario, Canada.

Due to the successful results and cost-effective execution of the continuing drilling program, which is nearing completion well under budget, Goldshore is adding an additional 5,000 metres of drilling, bringing the total winter diamond drilling program to 20,000 metres. The additional metres will be focused on the following:

• Expanding the resource at the southwest portion of the deposit by drilling underneath the current conceptual open pit, following up on drill hole MMD-24-139, which intersected 20.55 metres of 2.58 grams per tonne gold from 458.15 metres, including 14.7 metres of 3.52 grams per tonne gold;
• Closing the gap between the Southwest and Moss Main pits; the company believes this program has the potential to add significantly to the current mineral resource estimate with a minimal amount of additional drilling and positively impact the economic performance of the project.

Michael Henrichsen, chief executive officer of Goldshore, commented: "We're very pleased to expand our existing program, fuelled in part by efficiencies from our ongoing work, as this will allow us to focus on drilling in the Southwest deposit with the objective to deepen the Southwest open-pit resource to the same depths of the Main-QES pit."

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.

Mr. Flindell has verified the data disclosed. To verify the information related to the winter drill program at the Moss gold project, Mr. Flindell has visited the property several times; discussed and reviewed logging, sampling, bulk density, core cutting and sample shipping processes with responsible site staff; discussed and reviewed assay and quality assurance/quality control results with responsible personnel; and reviewed supporting documentation, including drill hole location and orientation and significant assay interval calculations. He has also overseen the company's health and safety policies in the field to ensure full compliance and consulted with the project's host indigenous communities on the planning and implementation of the drill program, particularly with respect to its impact on the environment and the company's remediation protocols.

About Goldshore Resources Inc.

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 1 jurisdictions. It is led by the former 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-per-cent-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 work force. The company has invested over $60-million of new capital and completed approximately 80,000 metres of drilling on the Moss gold project, which, in aggregate, has had over 235,000 metres 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 grams per tonne gold and 5.20 million ounces of inferred gold resources at 1.11 grams per tonne gold. The MRE only encompasses 3.6 kilometres of the more-than-35-kilometre mineralized trend, remains open at depth and along strike and is one of the few remaining major Canadian gold deposits positioned for development in this cycle. Please see NI 43-101 technical report titled "Technical Report and Updated Mineral Resource Estimate for the Moss Gold Project, Ontario, Canada," dated March 20, 2024, with an effective date of Jan. 31, 2024, available under the company's SEDAR+ profile.

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