Winshear Receives TSX-V Consent for the Option Agreement on the Portsoy Nickel – Copper – Cobalt Project, Scotland

Core Viewpoint - Winshear Gold Corp. has received final approval from the TSX Venture Exchange for an agreement with Peak Nickel Limited, allowing Winshear to earn a 100% interest in the Portsoy Project, a 250 km area located in Aberdeenshire, Northeast Scotland [1] Group 1: Project Overview - The Portsoy Project includes the Rodburn Target, which was initially discovered in the early 1970s and has undergone recent drilling by Peak Nickel, confirming significant nickel (Ni), copper (Cu), and cobalt (Co) mineralization [4][12] - Historical exploration in the 1970s identified significant Ni and Cu sulphide mineralization, and recent drilling has confirmed these results while also identifying Co associated with the mineralization [3][4] - The project area is underlain by Neoproterozoic rocks and has been intruded by ultramafic and mafic rocks, which host the known mineralization [13] Group 2: Exploration and Drilling - A minimum 1,000 m diamond drilling program is recommended to explore down-dip and along-strike extensions of mineralization at the North and South Zones of the Rodburn Target, with an estimated budget of CAD$560,000 [3] - Between 2019 and 2022, Peak Nickel secured exploration and mining lease agreements with landowners and completed 3,697.5 m of drilling in 24 holes, confirming the presence of cobalt mineralization [4][15] - The South Zone mineralization is modeled to extend from 5-10 m to 170-200 m from the surface, with a strike length of approximately 400 m, while the North Zone is open laterally and modeled from 25 m to 70 m from the surface [5][6] Group 3: Financial and Operational Terms - To earn a 100% interest in the Portsoy Project, Winshear must complete 1,000 m of drilling, spend a total of £3,000,000 within five years, and issue 6,500,000 common shares to Peak Nickel over a five-year period [9] - Peak Nickel will act as the designated contractor for the first two years of the exploration program, under the control of Winshear's Management Committee [10] - Winshear has made various payments to Peak Nickel totaling £174,145 prior to and during the agreement execution [11]