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Gungnir Announces Grant of Stock Options

Share Capital & Compensation

News Release GUG: TSX-V

ASWRF: OTCPK

Gungnir Announces Grant of Stock Options

Surrey, BC – September 27, 2024 - Gungnir Resources Inc. (GUG: TSX-V, ASWRF: OTCPK) (“Gungnir” or the

“Company”) announces that it has granted incentive stock options to employees, directors and/or officers

of Gungnir to acquire an aggregate of 2,000,000 common shares at $ 0.05 per share, for a period of 5

years. These incentive stock options have been granted in accordance with Gungnir’s Stock Option Plan.

About Gungnir Resources

Gungnir Resources Inc. is a Canadian-based TSX-V listed mineral exploration company (GUG: TSX-V,

ASWRF: OTCPK) with gold and base metal projects in northern Sweden. Gungnir’s assets include two

nickel-copper-cobalt deposits, Lappvattnet and Rormyrberget, both with updated nickel resources, and

the Knaften-Hemberget project which hosts a developing intrusion-hosted gold system, VMS-style

mineralization, and copper-nickel targets. Currently, the Company is focused on its newly discovered gold

target at Hemberget. Further information about the Company and its properties may be found

at www.gungnirresources.com or at www.sedar.com.

On behalf of the Board,

Jari Paakki, CEO and Director

For further information contact:

Head Office/Corporate Communications

Phone: +1-604-683-0484

Email: [email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain statements in this news release may constitute “forward-looking information” within the meaning

of applicable securities laws (also known as forward -looking statements). Forward -looking information

involves known and unknown risks, uncertainties an d other factors, and may cause actual results,

performance or achievements or industry results, to be materially different from any future results,

performance or achievements or industry results expressed or implied by such forward -looking

information.