Project Location

Located 110 km west of Thunder Bay in Ontario, the Moss Project is positioned within a Tier-One jurisdiction, offering:

• All-season access via the Trans-Canada Highway
• Hydroelectric power nearby (~$0.08/kWh)
• Established mining workforce and community support
• Stable permitting framework and strong mineral tenure laws

Mineral Resource Estimate (2024)

Goldshore’s latest NI 43-101 resource update (March 2024) defines:

• Indicated: 1.54 million oz @ 1.23 g/t Au
• Inferred: 5.20 million oz @ 1.11 g/t Au
• Total: 6.74 million oz of gold

• 94% open-pittable, low strip ratio (~0.75:1)
• High-grade core in Southwest Extension (~1.5–2.0 g/t Au)
• Only 3.6 km of 35+ km mineralized trend drilled

April 2025: Major Drilling Program Expansion

Goldshore expanded its winter drill program by 5,000 meters (total 20,000m) due to:

• Efficient, under-budget execution
• Promising drill results, especially at depth

Focus Areas:

1. Southwest Zone Depth Expansion
   - 20.55m @ 2.58 g/t Au (incl. 14.7m @ 3.52 g/t Au) – MMD-24-139
2. Gap Closure Between Pits
   - Improve continuity, boost resources, enhance economics

CEO Michael Henrichsen: "This expansion will allow us to deepen the Southwest open-pit resource, which could meaningfully impact the overall economic profile of Moss."

Drilling and Assay Highlights

• Jan 2025: Intercepted 79m @ 1.28 g/t Au
• Feb 2025: 5,848m across 19 drill holes
• Feb assays: High-grade intercepts ~150m below pit
• Mar 20, 2025: 25.89m @ 1.15 g/t Au at 84.91m depth

Drilling intersected shear-zone hosted mineralization in altered diorite. A third rig is being mobilized for lake-based drilling.

Latest drill hole assays from March 20, 2025:

Photo of recent drill core samples released on March 20, 2025:

Environmental and Technical Advancements (April 2, 2025)

• 4+ years of surface water data
• Groundwater modeling via water bores
• Seismic geophysics for 3D overburden model
• Biology studies through 2026
• Stage 2 Indigenous-led archaeological studies (Q2 2025)

These support feasibility-level environmental data for regulatory alignment.

Path to Development: Upcoming Catalysts

• PEA Publication: Q2 2025
• Advanced Exploration Permit: Q2 2025
• Pre-Feasibility Study: Q3 2025
• Full Environmental Baseline: 2026
• Development Decision: 2026–27

Management & Strategic Backing

• CEO: Michael Henrichsen (ex-Newmont)
• Brett Richards: 35+ years experience in mine financing, development, and senior level operations
• VP Exploration: Peter Flindell (PGeo)
• Advisors: G Mining Services

Ownership: >51% insider & strategic

Major holders: Brian Paes-Braga, Lutry Investments, Sprott, Delbrook, Purpose

Valuation & Strategic Positioning

• Shares Outstanding: 339.7M
• Enterprise Value: Less Than $15/oz of Indicated+Inferred Gold Resources
• Cash (April 2025): ~$18.2M
• No debt
• M&A Comp: Sabina Gold (6.5M oz) acquired for $1.1B

Investment Case: Why Goldshore Now

• High-impact drilling + resource growth
• 30,000+ tpd potential, low-cost hydro
• PEA + PFS catalysts soon
• Top-tier jurisdiction, strong infrastructure
• Insider alignment, positioned for acquisition

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA has received compensation from GSHR of US$30,000 cash for a three-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.