An anonymous director reports

GOLDEN SHIELD ANNOUNCES CLOSING OF FINAL FOLLOW ON TRANCHE OF NON-BROKERED PRIVATE PLACEMENT RAISING CAD $135,000

Golden Shield Resources Inc., further to its news releases dated March 9, 2026, and April 7, 2026, has closed its final follow-on tranche of its non-brokered private placement for gross proceeds of $135,000, through the issuance of 540,000 units of the company at a price of 25 cents per unit. The aggregate proceeds of the offering are gross proceeds of $2,135,000 through the issuance of 8.54 million units.

Each unit consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to acquire one share at an exercise price of 35 cents per share for a period of 12 months following closing, subject to an acceleration clause. If the five-day volume-weighted average trading price of the shares as quoted on the Canadian Securities Exchange is equal to or greater than 40 cents at the close of any trading day, then the company may, at its option, accelerate the expiry date of the warrants by issuing a news release announcing that the expiry date of the warrants shall be deemed to be on the 30th day following the issuance of the warrant acceleration news release. All warrants that remain unexercised following the accelerated expiry date shall immediately expire and all rights of holders of such warrants shall be terminated without any compensation to such holder.

In connection with the Offering and the news release dated April 7, 2026, no further finders' fees were paid.

The securities issued pursuant to and in connection with the offering, including any securities of the company issuable upon exercise thereof, resulted in the issuance of more than 100 per cent of the current number of issued and outstanding common shares of the company, which required approval by shareholders of the company under Policy 4 of the Canadian Securities Exchange. In accordance with Section 4.6(1)(b) of Policy 4 of the CSE, the company received approval by written consent of shareholders holding more than 50 per cent of the outstanding common shares of the company as at April 2, 2026.

Golden Shield intends to use the net proceeds raised from the offering to advance permitting at the company's flagship Marudi Mountain gold project, located in southern Guyana, for project evaluations in South America and for general working capital.

The closing involved the issuance of an aggregate of 1.24 million units to directors of the company for gross proceeds of $310,000. Accordingly, the issuance of such securities constituted related party transactions within the meaning of Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company was exempt from the requirements to obtain a formal valuation and minority shareholder approval in connection with the insider participation in reliance on sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the insider participation nor the securities issued in connection therewith exceeded 25 per cent of the company's market capitalization.

All securities issued pursuant to the offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws. There are no material facts or material changes regarding the company that have not been generally disclosed.

About Golden Shield Resources Inc.

Golden Shield Resources in a mineral exploration company founded by experienced professionals with extensive experience in South America, especially in gold and copper.

We seek Safe Harbor.