Winshear Receives TSX-V Consent for the Possibility Settlement on the Portsoy Nickel – Copper – Cobalt Undertaking, Scotland

Winshear Gold Corp. (TSXV: WINS,OTC:HELOF) (‘Winshear’ or the ‘Firm’) studies that the Firm has obtained remaining approval from the TSX Enterprise Alternate (the ‘TSX-V’) for the arms-length settlement with Peak Nickel Restricted (“Peak Nickel”), a non-public UK registered firm, whereby Winshear can earn a 100% curiosity within the 250km2 Portsoy Undertaking, positioned in Aberdeenshire, Northeast Scotland (Map 1) (see information launch dated August 11, 2025).  

A technical report (the ‘Report’) entitled ‘NI 43-101 Technical Report for the Portsoy Nickel-Copper-Cobalt Exploration Undertaking, Aberdeenshire, Scotland‘, ready underneath the supervision of unbiased Certified Individual Mr. Richard Siddle, MSc, MGeol, MAIG, Director and Principal Advisor of Addison Mining Providers, UK, will likely be posted on the Firm’s web site and SEDAR+ web page.

The Report finds that historic exploration accomplished within the Seventies recognized vital Ni and Cu sulphide mineralization and that newer drilling accomplished by Peak Nickel confirmed the tenor of those outcomes and additional recognized the presence of Co related to the Ni-Cu mineralisation. The Report concludes that additional exploration is warranted and recommends conducting a minimal 1,000 m diamond drilling programme to check down-dip and alongside strike extensions of mineralization on the North and South Zones on the Rodburn Goal. In addition to conducting downhole electromagnetic surveys to establish further drill targets, preliminary metallurgical testwork can also be really useful. The price range for the really useful work is estimated to be CAD$560,000.

Richard Williams, CEO of Winshear, acknowledged “We’re excited to maneuver on from the approval course of and to begin the subsequent phases of labor on the Rodburn Goal inside the Portsoy Undertaking. We anticipate commencing the really useful work in Q1 2026. The Portsoy Undertaking represents an incredible alternative to develop a brand new nickel – copper – cobalt mission in Scotland.”

The Portsoy Undertaking Overview and Historical past

• The Portsoy Undertaking contains the Rodburn Goal, found within the early Seventies by Exploration Ventures Ltd (EVL), a Goldfields / Rio Tinto three way partnership firm.
• EVL drilled 26 holes (4,115m) at Rodburn, outlining a northeast trending, northwest dipping sheet of sulphide mineralisation (now named the South Zone), intersecting huge, semi-massive and disseminated nickel and copper sulphide mineralisation hosted inside a mafic / ultramafic intrusive complicated. Cobalt was not assayed for. (Wilks, G.F. (1974)¹; Wilks, G.F. and Smith, M.R.M. (1976)². Notice – the EVL drilling is historic in nature and is barely used for reference functions.
• EVL’s programme was halted within the mid Seventies as a consequence of authorized points and was forgotten about for the subsequent 50 years.
• The unbiased Certified Individual has inspected a variety of the historic EVL drill core saved on the British Geological Survey within the UK, in addition to the current drilling of Peak Nickel, and located that visually mineralized sulphide intervals correlated properly with outcomes. It’s also famous that historic drill core was not systematically sampled, specializing in huge to semi huge mineralisation and in locations leaving disseminated sulphide unsampled.

• Between 2019 and 2022 Peak Nickel secured exploration and 100-year mining lease agreements with the landowners to conduct work over the Rodburn goal.
  • Between 2023 and 2024 Peak Nickel accomplished 3,697.5m of drilling in 24 drill holes testing two zones, North (2 holes) and South (22 holes), increasing the extents of the Rodburn Goal (see Desk 1 beneath) and confirming the presence of cobalt mineralisation.
• Mineralisation within the South Zone is open down dip. Historic drilling to the west seems to shut off mineralisation though drillholes weren’t systematically sampled and as such extension could also be doable alongside strike in each instructions. The North Zone is open laterally with a single non-sampled historic drillhole closing off the present interpretation to the east; additional drilling might enable extension on this space in all instructions contemplating the non-systematic sampling and restricted variety of drillholes.
• South Zone mineralisation is modelled from 5-10 m from floor to 170-200 m from floor, the unit dips 40-45° to the north-northwest for as much as 220-280 m of down dip extension with thickness various from 4-12 m with subordinate slender items of 2-3 m. The strike size is at present modelled at roughly 400 m.
• Mineralisation within the North Zone is modelled from roughly 25 m from floor to 70 m from floor, the unit is sub horizontal and hosted in peridotite. The floor expression modelled is roughly 170 by 190 m with thickness as much as 24 m interpreted within the south of the unit and two splaying items with thickness 8-10 m interpreted within the north of the world.
• Chosen intercepts from the Peak Nickel drilling embrace:

NiEq (% nickel equal) primarily based on US$19,000/t Ni, US$9,000/t Cu, US$32,000/t Co, utilizing the components Ni% + (0.524 x Cu%) + (1.22 x 10-4 x Co ppm). Equal Restoration Assumed.

¹ Wilks, G.F. (1974) A Report on Exploration Undertaken by Consolidated Gold Fields Ltd on the Western Facet of the EVL Undertaking, NE Scotland, 1968 – 1973. Consolidated Gold Fields Ltd unpublished inner report.
² Wilks, G.F. and Smith, M.R.M. (1976) Exploration and Geology of Nickel & Copper Deposits in North East Scotland. EVL unpublished report.

Phrases of the Settlement

To earn a 100% curiosity within the Portsoy Undertaking, the Firm should full the next:

• Upon receipt of TSX-V approval, the Firm commits to finishing 1,000m of drilling, together with downhole electromagnetic surveying, and undertake preliminary metallurgical testwork;
• Spend a complete of £3,000,000 on the Portsoy Undertaking inside 5 years of receipt of TSX-V approval, with a minimal spend of £300,000 per yr;
• Problem a complete of 6,500,000 frequent shares of the Firm to Peak Nickel over a five-year interval, as follows; 1,000,000 shares on every of the primary, second, third and fourth anniversaries of receipt of TSX-V approval, and a couple of,500,000 shares on the fifth anniversary of TSX-V approval;
• Upon completion of the earn-in, Peak Nickel would retain a 1% Web Smelter Returns Royalty capped at £10 million;
• Within the occasion the Portsoy Undertaking is acquired by a 3rd social gathering after Winshear has accomplished the earn-in, Peak Nickel would obtain 10% of the money / share worth paid to Winshear, capped at £10 million;
• Within the occasion the settlement with Peak Nickel is assigned to a 3rd social gathering previous to Winshear finishing the earn-in, Peak Nickel would retain an uncapped 1% Web Smelter Returns Royalty;
• The Firm will retain a proper of first refusal within the occasion Peak Nickel needs to promote the royalty.

Peak Nickel Ltd. would be the designated contractor for the primary two years of the exploration program, and be topic to the management and course of the Administration Committee, which is managed by the Firm. The Firm has the appropriate to take over the designated contractor place upon the cost of £100,000 to Peak Nickel.  

Thus far, the Firm has paid Peak Nickel £50,000 for a two month exclusivity interval previous to coming into into the Settlement and £65,000 upon the execution of the settlement introduced August 11, 2025. Subsequently the Firm has paid Peak Nickel £40,000 whereas awaiting TSX-V approval, and likewise made funds totalling £19,145 in relation to sure underlying property settlement funds.

Concerning the Portsoy Undertaking

The Portsoy Undertaking is positioned roughly 60km northwest of town of Aberdeen, in NE Scotland, and includes a 250km² space coated by a Mines Royal Possibility (MRO) (see Map 1). An MRO is granted by the Crown, permitting the holder of the MRO to probe for gold and silver.

The mission space is underlain by Neoproterozoic rocks of Dalradian Age (800 – 500 million years) which have been intruded by a sequence of ultramafic, mafic and granitic rocks roughly 475 million years in the past. The mafic and ultramafic rocks host the identified nickel – copper – cobalt mineralisation. There’s restricted outcrop within the mission space as a result of presence of 5m – 20m of glacial until draped over the area from the final ice age.

Nickel – copper – cobalt mineralisation was found within the Portsoy Undertaking space within the early Seventies by EVL, a three way partnership firm shaped by Goldfields and Rio Tinto.

During the last 5 years Peak Nickel has reached settlement with sure landowners (landowners within the UK personal the underlying mineral rights), permitting Peak Nickel to discover and, if profitable, mine any minerals found in business / financial portions, topic after all to being granted planning permission by the related authorities authorities.

Peak Nickel Restricted drilling protocols

After rotation and compression, core restoration and RQD had been calculated. The NQ drill core was often sampled in 1 or 2m lengths. Core was cut up in half utilizing a rock noticed and bagged. On common an ordinary/CRM pattern, a replica (quarter core) pattern and a clean pattern (2″ barren granite chips) was inserted into the pattern string each 25 samples. Samples averaged ~2.5kg every, and had been securely bagged and transported to the Bureau Veritas Commodities Canada Ltd. laboratory in Vancouver, Canada by courier. On the lab, samples had been ready by crushing the entire pattern and pulverising a 250g riffle-split to -75 microns. Pulps had been then analysed by the AQ-252-EXT methodology with a 30g digestion and 53-element ICP. Any overlimit Ni-Cu-Co outcomes had been reanalysed utilizing the AQ370 methodology.

All of the Peak Nickel Restricted drilling works had been deliberate and supervised by their Managing Director, Mr. C. MacKenzie, M.Sc., C.Geol. Mr. MacKenzie has acted as a Certified Individual underneath Canadian Nationwide Instrument NI 43-101 Requirements of Disclosure for Mineral Initiatives, and a Competent Individual underneath JORC 2012 for publicly listed corporations. While not unbiased, Mr. MacKenzie is accountable for all of the exploration actions of Peak Nickel Restricted.

Certified Individual

J. Patricio Varas, P.Geo, a Certified Individual as outlined by Nationwide Instrument 43-101 Requirements of Disclosure for Mineral Initiatives, has learn and accredited all technical and scientific data contained on this information launch. Mr. Varas acts as President and is a technical advisor for Winshear Gold.

Mr. Richard Siddle, MSc, MGeol, MAIG, Director and Principal Advisor of Addison Mining Providers, UK, is the Certified Individual accountable for the Technical Report has additionally learn and accredited the technical data on this information launch.

About Winshear Gold Corp.

Winshear Gold Corp. is a Canadian-based minerals exploration firm at present conducting a regional scale exploration programme on its Thunder Bay Gold Undertaking, positioned in Ontario.

For extra data, please contact Irene Dorsman at +1 (604) 200 7874 or go to www.winshear.com  

ON BEHALF OF THE BOARD OF DIRECTORS

“Richard D. Williams”
Richard Williams, CEO

Neither the TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this launch.

Cautions Relating to Ahead-Wanting Statements

This information launch contains sure statements and knowledge that will comprise forward-looking data inside the that means of relevant Canadian securities legal guidelines. All statements on this information launch, aside from statements of historic information, are forward-looking statements and comprise forward-looking data.

Typically, forward-looking data will be recognized by means of forward-looking terminology comparable to “intends” or “anticipates”, or variations of such phrases and phrases or statements that sure actions, occasions or outcomes “might”, “might”, “ought to”, “would” or “happen”. Ahead-looking statements are primarily based on the opinions and estimates of administration as of the date such statements are made and they’re topic to identified and unknown dangers, uncertainties and different elements that will trigger the precise outcomes, stage of exercise, efficiency or achievements of the Firm to be materially totally different from these expressed or implied by such forward-looking statements or forward-looking data, together with the dangers usually related to mineral exploration. Though administration of the Firm has tried to establish necessary elements that would trigger precise outcomes to vary materially from these contained in forward-looking statements or forward-looking data, there could also be different elements that trigger outcomes to not be as anticipated, estimated or meant. There will be no assurance that such statements will show to be correct, as precise outcomes and future occasions might differ materially from these anticipated in such statements. Accordingly, readers mustn’t place undue reliance on forward-looking statements and forward-looking data. The Firm doesn’t undertake to replace any forward-looking statements or forward-looking data which can be integrated by reference herein, besides in accordance with relevant securities legal guidelines.