Winshear Provides Update on Thunder Bay Project, Purchases Assessment Credit

Executive Summary

• Winshear Metals Corp. provided an update on its 2026 summer field program at the Thunder Bay Gold Project, detailing ongoing soil and till sampling, airborne magnetic surveys, and the staking of new claims extending the Kingfisher Target by 14km.
• The Company entered an agreement to acquire mineral exploration credits valued at $608,083, contingent on TSX-V approval, in exchange for issuing 1,000,000 common shares and 500,000 warrants.
• Field activities are currently in progress and are scheduled for completion by late July 2026.

Key Details

• Field Program Scope: Engaged Fladgate Exploration to execute soil sampling over the Inflection, MacGregor, El Dorado, and Kingfisher Targets; till sampling over newly staked claims NE of the Kingfisher Target; and airborne magnetic surveys over Inflection and El Dorado.
• Current Status & Timeline: Soil and till sampling are underway, with the airborne magnetic survey commencing late last week. The summer field program is expected to wrap up by late July 2026.
• New Claim Staking: Based on 2025 gold-in-till anomalies, the Company staked new claims covering a 14km NE extension of the Kingfisher Target along the major NE trending Kingfisher fault.
• Assessment Credit Acquisition: Entered a purchase agreement to acquire mineral exploration credits for claim 908950, carrying an exploration assessment credit of $608,083.
• Share & Warrant Issuance: Subject to TSX-V approval, the Company will issue 1,000,000 shares and 500,000 warrants to the Vendors.
• Warrant Terms: The warrants grant the Vendors the right to purchase 500,000 shares at an exercise price of $0.20 per share for a period of 3 years from the approval date.
• Counterparty: The Vendors are the same group previously engaged in a July 25, 2025 agreement regarding the Thunder Bay Gold Project.
• Technical Approval: J. Patricio Varas, P.Geo., President and Director, has reviewed and approved all technical and scientific information as a Qualified Person under NI 43-101.