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Winshear Closes Oversubscribed Private Placement

VANCOUVER, British Columbia, June 24, 2025 (GLOBE NEWSWIRE) -- Winshear Gold Corp. (TSXV: WINS) ("Winshear" or the "Company") is pleased to announce that it closed a non-brokered private placement (the "Offering") of 12,633,333 Units for gross proceeds of $757,999.98. Each Unit comprises one common share (a "Share") and one half of one Share purchase warrant (a "Warrant"), with each full Warrant providing the holder with the right to purchase one Share at a price of

$0.12 for a period of 24 months from the closing date of the financing up to and including June 24, 2027.

Finder fees of $25,680 cash and 339,000 Warrants were paid on certain subscriptions. (Such compensation Warrants have the same terms and conditions as the Warrants issued to subscribers but are non- transferable). All securities issued as part of this private placement will be subject to a hold period which expires on October 25, 2025.

Proceeds from the Offering will be used to fund exploration of the Company's Thunder Bay Gold Project (the "Project") and for general working capital. The acquisition of the Project remains under review by the TSX Venture ...