Golden Shield Announces Closing of Non-Brokered Private Placement Raising CAD $2 Million

• On April 7 2026 Golden Shield Resources Inc. closed a non‑brokered private placement raising CAD $2 million.
• The placement issued 8,000,000 units at $0.25 per unit; each unit consists of one common share and one warrant exercisable at $0.35 with a 12‑month term.
• Warrants contain an acceleration clause: if the 5‑day VWAP reaches or exceeds $0.40, expiry shortens to 30 days after an acceleration press release.
• Finder’s fees paid were CAD $2,200.
• Net proceeds will be used to advance permitting for the Marudi Mountain Gold project in southern Guyana, fund South American project evaluations, and provide general working capital.
• The issuance represents >100 % of existing common shares; shareholder approval (>50 % of outstanding shares as of April 2 2026) was obtained.

• The financing amount and use‑of‑proceeds match the earlier announcement dated March 9 2026, which disclosed a planned up‑to‑$2 million private placement for the same purposes.
• Because the closing was expected and the terms (price, warrant structure, use of funds) were already disclosed, the news does not introduce new, unexpected information that would materially alter the company’s valuation or outlook.
• Therefore the impact is routine positive: it confirms execution of a previously announced funding plan without surprise upside or downside.

Golden Shield Resources Inc. is a junior mining company listed on the Canadian Securities Exchange (ticker GSRI). Its core asset is the Marudi Mountain Gold Project located in southern Guyana, an advanced‑stage exploration property targeting a potential open‑pit gold operation. The company’s strategy centers on completing permitting, conducting resource definition drilling, and evaluating complementary South American opportunities.