Update on Barb Project

Gunsynd Plc

("Gunsynd" or the "Company")

Update on Barb Project

Summer work programme to commence

Gunsynd plc (AIM: GUN) is pleased to provide an update on the Barb Gold Project in Manitoba, Canada, further to the Company's announcement of 5 February 2026.

Highlights

· Summer field programme expected to commence by mid-June 2026, subject to final snow melt

· Rock chip sampling to be carried out across the newly acquired Lotus 1 & 2, Denver and Brook claims

· Induced Polarisation (IP) geophysical survey planned over the Lotus and Denver claims, together with priority targets on the existing Barb Gold Project, to assist with diamond drill hole targeting

· Documented historical grades at the Lotus deposit, now part of the enlarged Barb Gold Project, include 34.29 g/t Au across 1.5 m and 22.49 g/t Au, as recorded in Manitoba Mineral Inventory File 375 (see further detail below)

· Discussions continuing with the local First Nations community in respect of planned exploration activities, including drilling

Summer programme

The Company expects to be in a position within weeks to commence its summer work programme on the Barb Gold Project, with the exact start date depending on final snow melt and currently expected by mid-June 2026. Critical Discoveries Inc., which is implementing the programme on behalf of Gunsynd, has confirmed that it expects to mobilise as soon as ground conditions allow. The opening phase of work will comprise rock chip sampling at each of the newly acquired claims announced on 5 February 2026.

Geophysical programme

To advance drill target generation, Gunsynd also intends to conduct an IP survey across priority areas encompassing the Lotus and Denver claims, together with selected targets on the existing Barb Gold Project. The IP survey is designed to identify chargeability and resistivity anomalies associated with sulphide-bearing structures within the quartz-carbonate vein systems that characterise the Rice Lake greenstone belt, and to refine diamond drill hole targeting ahead of any subsequent drilling phase.

Historical context - Lotus deposit

The Lotus deposit, which forms part of the enlarged Barb Gold Project following the acquisition announced on 5 February 2026, was the subject of intermittent exploration and small-scale mining between 1924 and 1982. Headline historical grades recorded in Manitoba Mineral Inventory File 375 (NTS 62P/1NE) include a 1930 bulk shipment of 249 kg of ore from the Lotus claim to the federal Mines Branch laboratories in Ottawa, which returned an average of 22.49 g/t Au across two cut samples (Parsons, 1932), and a 1935 channel sample at the No. 1 shaft on the adjoining Ling claim, which returned 34.29 g/t Au across 1.5 m at a depth of 10.7 m.

The historical figures referred to above are derived from publicly available Manitoba government records, predate the introduction of the NI 43-101 and JORC Code reporting standards, have not been verified by a Qualified Person or Competent Person, and should not be relied upon as a current estimate of mineralisation. The Company is not aware of any NI 43-101 or JORC Code compliant estimate of mineralisation on the Lotus claim block.

Community engagement

Discussions continue with the local First Nations community regarding the Company's planned exploration activities, including drilling.

Hamish Harris, Executive Chairman of Gunsynd, commented:

"It has been a longer-than-usual winter in that part of Manitoba, but it is pleasing to finally be in a position to start work again at Barb, following up last year's successful field campaign which returned multiple rock chip samples grading above 1 g/t Au, including sample TB-TM-007 at 13.12 g/t Au. Set alongside historical grades at the adjoining Lotus deposit of up to 34.29 g/t Au across 1.5 m on file with the Manitoba Mines Branch, the Board maintains a high level of confidence in the enlarged project."

This announcement contains inside information for the purposes of Article 7 of the UK version of the Market Abuse Regulation (EU) 596/2014 (UK MAR). Upon publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain.

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Forward Looking Statements

This announcement contains forward-looking statements relating to expected or anticipated future events and anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, competition for qualified staff, the regulatory process and actions, technical issues, new legislation, uncertainties resulting from potential delays or changes in plans, uncertainties resulting from working in a new political jurisdiction, uncertainties regarding the results of exploration, uncertainties regarding the timing and granting of prospecting rights, uncertainties regarding the Company's ability to execute and implement future plans, and the occurrence of unexpected events. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors.