Goldshore Resources Inc. announced that it has engaged G-Mining Services Inc. ("G Mining") to deliver a Preliminary Economic Assessment ("PEA") for the Moss Gold Project ("Moss Gold Project" or the "Project"). The goal is to develop an optimized and staged mine plan, and infrastructure layout, and to advance the Project toward a Project Description that will provide clarity on the scope of permitting work required. Separately, the Company has retained the services of One-eighty Consulting Group Ltd. (" one-eighty") to develop a comprehensive regulatory strategy aimed at facilitating a streamlined path to construction and commercial production.

The appointment of G Mining Services to deliver a PEA is an important milestone for the Project as it will provide the first assessment of the project economics, including cash flows, NPV, IRR, and payback period. G Mining, founded in 2006 by Louis Gignac, the 2016 Mining Hall of Fame inductee, under the management of Mathieu Gignac since 2016, is recognized as an industry leader providing mining consultancy services around the world with a reputation of delivering accurate, high-quality assessments. G Mining completed the 2021 feasibility study on Equinox's Greenstone Gold mine located 275 km northeast of Thunder Bay.

This puts the firm in an excellent position to evaluate the Moss Gold Project, which the Company considers to have many similarities to the Greenstone Gold Mine. The goals of the PEA are to outline a phased production approach prioritizing IRR and minimizing initial Capex with the study expected to be completed by the end of First Quarter 2025. The Company plans to take a rigorous approach to the PEA utilizing well-defined cost estimates to ensure the projected Capex aligns closely to prefeasibility study standards to enhance the study's accuracy.

In addition, the PEA will define a work program that will allow the Company to advance towards a subsequent prefeasibility study as soon as possible. Engagement of one-eighty to provide strategic regulatory and engagement advice: The appointment of one-eighty demonstrates the Company's commitment to navigating complex regulatory landscapes while integrating socio- political, technical, and environmental considerations. In developing the strategic plan, one-eighty will work closely with CSL Environmental & Geotechnical Ltd. ("CSL") and the Company's established community relations team, and by doing so will leverage the strong foundation the Company has cultivated over the last three years.

The Company is pleased to be working with one-eighty as strengthen external team. Communications Program Update. The Company has engaged Native Ads Inc. ("Native Ads") to perform strategic digital media services, marketing and data analytics services including content development, web development, media buying and distribution and campaign reporting and optimization, for a total retainer of USD 150,000 which is payable upfront from the general working capital of the Company.

The Company's current focus is the advanced stage 100% 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 workforce. The Company has invested over $60 million of new capital and completed approximately 80,000 meters of drilling on the Moss Gold Project, which, in aggregate, has had over 235,000 meters of drilling. The 2024 updated NI 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.