Mr. Michael Henrichsen reports

GOLDSHORE ANNOUNCES $12.5 MILLION PRIVATE PLACEMENT TO ACCELERATE STRATEGIC PLAN AT THE MOSS GOLD DEPOSIT

Goldshore Resources Inc. has entered into an agreement with Eight Capital, as the sole bookrunner and co-lead agent, and together with Clarus Securities Inc., as co-lead agent, on behalf of a syndicate of agents, including Paradigm Capital Inc. pursuant to which the company has launched a private placement for aggregate gross proceeds of up to $12.5-million in any combination of: (i) flow-through shares of the company (the FT shares), at a price of 47.5 cents per FT share, and (ii) charity flow-through shares at a price of 53 cents per charity FT share.

The company has granted the agents an option to offer for sale up to an additional 15 per cent of the FT securities, in any combination, at their respective issue price. The overallotment option will be exercisable, in whole or in part, up to 48 hours prior to the closing date.

Gross proceeds from the offering will be used to incur eligible Canadian exploration expenses and flow-through mining expenditures, as defined in the Income Tax Act (Canada), and eligible Ontario exploration expenditures, as defined in the Taxation Act 2007 (Ontario). Eventus Capital Corp. has been appointed as an adviser to the company.

Michael Henrichsen, chief executive officer of Goldshore, commented: "The gross proceeds from the FT share sale will accelerate Goldshore's strategic plan to advance the Moss gold deposit. By raising funds at this juncture, the company will be in a position to execute a 15,000-metre winter drill program within the conceptual open pit. The aim of the program will be to increase the ounce profile of the deposit and reduce the strip ratio by extending known mineralization vertically toward the surface and by increasing drill density in locations where mineralized intercepts are too widely spaced to be included in the inferred resource category. We believe the results from this program will positively impact the economic performance of the project on the back of the PEA being completed by G Mining Services in Q1 of 2025.

"The company also plans to conduct a discovery-based exploration program through top of bedrock sampling and a ground-based IP geophysical program in an area approximately 10 km by six km area surrounding the Moss deposit to identify additional drill targets to realize the district-scale potential of our land package. Finally, this funding will allow us to rapidly advance our environmental work as we look to move toward the formal permitting process."

closing of the offering is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including but not limited to, the approval of the TSX Venture Exchange.

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 skilled work force. The company has invested over $60-million of new capital and completed approximately 80,000 m of drilling on the Moss gold project, which, in aggregate, has had over 235,000 m 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 g/t Au and 5.20 million ounces of inferred gold resources at 1.11 g/t Au. The MRE only encompasses 3.6 km of the 35-plus km 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.

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