Winshear Gold Closes Private Placement

Core Viewpoint - Winshear Gold Corp. has successfully closed a non-brokered private placement, raising $2,500,000 through the issuance of 25,000,000 Units, each consisting of one common share and one half of a share purchase warrant [1] Group 1: Private Placement Details - The Offering consists of 25,000,000 Units for gross proceeds of $2,500,000, with each full Warrant allowing the purchase of one Share at a price of $0.20 for 36 months [1] - Finder fees totaling $48,375 in cash and 459,000 Warrants were paid to various financial institutions, with the compensation Warrants having the same terms as those issued to subscribers [2] - All securities from this private placement are subject to a hold period expiring on July 3, 2026 [2] Group 2: Use of Proceeds - Proceeds from the Offering will be allocated to fund exploration activities for the Portsoy Project in Scotland and for general working capital [3] - Certain directors and officers of Winshear purchased a total of 2,150,000 Units in the Offering, which is classified as a "related party transaction" but is exempt from certain valuation and shareholder exemption requirements [3] Group 3: Company Overview - Winshear Gold Corp. is a Canadian-based minerals exploration company with projects including a nickel-copper-cobalt project in Scotland (Portsoy Project) and a gold/critical minerals project in Ontario (Thunder Bay Project) [4]