Mr. Michael Henrichsen reports

GOLDSHORE ANNOUNCES EARLY EXERCISE OF WARRANTS FOR $4.9 MILLION GROSS PROCEEDS

Goldshore Resources Inc. has secured financing of $4,875,000 through the 100-per-cent early exercise of 37.5 million common share purchase warrants. These warrants were issued at an exercise price of 13 cents per share, with a 36-month term, in connection with the company's non-brokered private placement, which closed on Nov. 17, 2023.

Michael Henrichsen, chief executive officer of Goldshore, commented: "The exercise of these warrants provides a significant boost to our treasury, securing funding through the completion of the preliminary economic assessment (PEA) expected in Q1 2025 and supporting the acceleration of our strategic plan to unlock the full value and potential of the Moss gold deposit. I would like to extend my sincere thanks to members of the SAF group, insiders and all close associates that participated in this warrant exercise for their continued support."

Issuance of restricted share units (RSUs)

The company has also issued 150,000 restricted share units to Shawn Khunkhun, a director of the company. The RSUs will fully vest on July 29, 2025, one year from the date of grant. Once vested, each RSU represents the right to receive one common share, the equivalent cash value thereof or a combination of the two, at the company's discretion. The issuance of RSUs has been made in accordance with the company's omnibus incentive plan that was approved by the company's shareholders on Jan. 23, 2024.

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 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-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 a 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 5.2 million ounces of inferred gold resources at 1.11 g/t Au. Moss only encompasses 3.6 kilometres of the greater-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 fast-track through this development cycle.

We seek Safe Harbor.