Mr. Richard Williams reports

WINSHEAR PROVIDES UPDATE ON THUNDER BAY PROJECT, PURCHASES ASSESSMENT CREDIT

Winshear Metals Corp. has provided the following update on its field activities from the Thunder Bay gold project in Northwestern Ontario as well as the purchase of an assessment credit valued at $608,000.

Thunder Bay 2026 field program

The company has engaged Fladgate Exploration, a geological services company based in Thunder Bay, to execute this summer's field program, comprising soil sampling over the Inflection, MacGregor, El Dorado and Kingfisher targets, till sampling over newly staked claims to the northeast of the Kingfisher target, and airborne magnetic surveys over both Inflection and El Dorado. Soil and till sampling is under way, and the airborne magnetic survey commenced late last week. The summer field program is expected to be completed by late July.

Based on the gold-in-till anomalies from the 2025 field program, the company staked new claims covering a 14-kilometre northeast extension of the Kingfisher target, which lies along the major northeast-trending Kingfisher fault.

Purchase of assessment credit

The company has entered in a purchase agreement to acquire certain mineral exploration credits relating to claim No. 908950 that carry an exploration assessment credit of $608,083. Subject to approval of the TSX Venture Exchange, the company will issue one million shares and 500,000 warrants to the vendors. The warrants allow the vendors to purchase 500,000 shares in the company at a price of 20 cents share for a period of three years from the approval date. The vendors are the same group that the company entered into agreement with in 2025 (see the company's news release dated July 25, 2025, related to the Thunder Bay gold project).

Qualified person

J. Patricio Varas, PGeo, a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, and also the company's president and director, has read and approved all technical and scientific information contained in this news release.

About Winshear Metals Corp

Winshear Metals is a Canadian-based minerals exploration company with a nickel-copper-cobalt project in Scotland (the Portsoy project) and a gold/critical minerals project in Ontario (the Thunder Bay project).

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