1911 Gold - Investee company update

Gunsynd Plc (AIM: GUN, AQSE: GUN) announces an update relating to the investment in 1911 Gold Corporation (TSXV: AUMB) ("1911 Gold"), a junior gold development and exploration company located in Manitoba, in the heart of the Rice Lake gold district within the West Uchi greenstone belt in Canada (the "Investment").

The Investment in 1911 Gold was initially made on 28 December 2023 and has performed exceptionally well delivering outsized returns for Gunsynd.

The Company previously announced in its interim report that it held 2,770,000 shares in 1911 Gold as at 31 January 2025.

A measured share sale and warrant exercise program was conducted over an extended period of time over the following tranches held by Gunsynd:

• 2,770,000 shares sold for CAD$663,410 (approx. £360,802).
• All 1911 Gold warrants were exercised over 5,833,333 new ordinary shares at an exercise price of CAD$0.10 per share for total consideration for CAD$583,333 (approx. £319,204).
• 4,000,000 shares arising from the exercise of warrants highlighted above, were sold for gross proceeds of CAD$1,004,300 (approx. £541,407), resulting in net proceeds of £321,534 after deducting the exercise cost.
• As at 22 August 2025, the Company holds 1,833,333 ordinary shares in 1911 Gold, valued at approximately £255,410 based on a share price of CAD$0.25 (closing price on 22 August 2025).
• The remaining shares held by Gunsynd represent approximately 1.0% interest of the issued share capital of 1911 Gold.

Peter Ruse, a director of Gunsynd, commented: "It is really pleasing to be able to update shareholders with the news of this managed sell down of our 1911 Gold Investment. The share price and returns have exceeded expectations from our initial investment at CAD$0.06 in December 2023. The Board of Gunsynd continues to hold a material shareholding on the balance sheet to capture further upside which I remain confident the company will deliver. 1911 Gold remains well funded, underway with multiple drill rigs turning in a buoyant precious metals market.

"Furthermore, Gunsynd remains heavily committed to the Rice Lake Gold region with the recent 100% acquisition of the Barb Gold project sitting adjacent to the True North mine owned by 1911 Gold. We look forward to collaborating with 1911 Gold on logistics and access to technical personnel as Gunsynd deploys exploration capital into these properties in the near term. We look forward to updating shareholders with our exciting plans."

About 1911 Gold:

1911 Gold is a junior explorer that holds a highly prospective, consolidated land package totalling more than 63,000 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba, and also owns the True North mine and mill complex (Fully Permitted) at Bissett, Manitoba.

1911 Gold believes its land package is a prime exploration opportunity, with potential to develop a mining district centred on the True North complex. The True North Mine has an existing NI 43-101 (2018) resource of 1m ounces at 6.4g/t.

The company also owns the Apex project near Snow Lake, Manitoba and the Denton-Keefer project near Timmins, Ontario, and intends to focus on organic growth and accretive acquisition opportunities in North America.

For more information on 1911, shareholders are encouraged to visit their website: www.1911gold.com