TCCM.V · 2024-08-27 12:00:00

Gungnir Extends Warrant Expiry Dates

Share Capital & Compensation

News Release GUG: TSX-V

ASWRF: OTCPK

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

“Company”) is pleased to announce that it intends to extend, subject to the approval of the TSX Venture

Exchange, the expiry dates of an aggregate of 15,330,667 outstanding warrants as detailed below.

The subject warrants were originally issued on September 24, 2020 and October 1, 2020, with an original

expiry date of three years after the applicable issue date, and September 10, 2021, with an original expiry

date of two years after the issue date. The warrants were issued in connection with private placements

of units consisting of common shares and warrants of the Company. The Company previously extended

the expiry dates of the subject warrants by one year, and the new expiry dates will provide a further one-

year extension of the warrants from their current expiry dates. These warrants continue to be exercisable

at their original exercise price.

Exercise Price Original Expiry Date Amended Expiry Date

$0.09 September 24, 2023 September 24, 2025

$0.09 October 1, 2023 October 1, 2025

$0.08 September 10, 2023 September 10, 2025

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/Investor Relations

Phone: +1-604-683-0484

Jari Paakki, CEO

Chris Robbins, CFO

News Release GUG: TSX-V

ASWRF: OTCPK

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.