Gunsynd Regulatory News (GUN)

15 September 2022

Gunsynd plc

("Gunsynd" or the "Company")

Mining Lease Awarded for the Kolosori Nickel Project

Gunsynd Plc (AIM: GUN, AQSE: GUN) notes the announcement by its investee company Pacific Nickel Mines Limited ("Pacific Nickel"), which is listed on ASX (ASX: PNM), that it has been awarded a Mining Lease for the Kolosori Nickel Project on Isabel Island in the SolomonIslands.

Pacific Nickel has also entered into a Surface Access Rights Agreement with landowners and a Mining Agreement with the Government of the Solomon Islands.

Pacific Nickel further states that its operations are now focussed on finalisation of its Definitive Feasibility Study and that it will seek to expedite the wharf and haul road construction, together with the establishment of a construction camp in order to increase production during 2023.

Forward Looking Statements

This announcement contains forward-looking statements relating to expected or anticipated future events and anticipated results that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties, such as general economic, market and business conditions, competition for qualified staff, the regulatory process and actions, technical issues, new legislation, uncertainties resulting from potential delays or changes in plans, uncertainties resulting from working in a new political jurisdiction, uncertainties regarding the results of exploration, uncertainties regarding the timing and granting of prospecting rights, uncertainties regarding the Company's ability to execute and implement future plans, and the occurrence of unexpected events. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors.

The Directors of Gunsynd accept responsibility for this announcement.

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