Mr. Michael Henrichsen reports

GOLDSHORE SIGNS IMPACT BENEFIT AGREEMENT TERM SHEET WITH LAC DES MILLE LACS FIRST NATION

Goldshore Resources Inc. has signed an impact benefit agreement (IBA) term sheet with Lac des Mille Lacs First Nation, marking a significant step toward the negotiation of an impact benefit agreement related to the Moss gold project, located in Ontario, Canada.

The IBA term sheet sets out the key terms and intentions that will guide the negotiation of a future IBA between Goldshore and Lac des Mille Lacs First Nation. The IBA term sheet reflects a shared commitment to ensure the Moss gold project delivers meaningful and long-term benefits to the community.

"We are delighted to have reached this important milestone with Lac des Mille Lacs First Nation, and we look forward to a future of collaboration and shared success," said Michael Henrichsen, chief executive officer and director of Goldshore. "This milestone reflects Goldshore's commitment to building meaningful relationships based on trust and respect."

Chief Judy White Cloud of Lac des Mille Lacs First Nation stated: "This IBA term sheet represents a meaningful step forward in our relationship with Goldshore. We are committed to ensuring that the Moss gold project reflects our values and delivers long-term benefits for our nation."

The IBA term sheet addresses several key areas of collaboration, including:

• Engagement on regulatory, environmental, cultural and financial matters;
• Employment and contracting for Lac des Mille Lacs First Nation members and business;
• Project consent and support.

The IBA term sheet follows the successful negotiation and implementation of an early exploration agreement signed by Goldshore and Lac des Mille Lacs First Nation in June, 2022. The parties will make best efforts to conclude IBA negotiations within 12 months.

"We are excited to continue to grow our relationship with Lac des Mille Lacs First Nation, demonstrating our interest in building a transformational project in partnership with nearby communities," stated Michael Henrichsen, chief executive officer and director of Goldshore. "We will also continue to work hard to develop strong and mutually beneficial relationships with other indigenous peoples."

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 National Instrument 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 the 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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