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Gungnir Resources Announces AGM Results

Shareholder Meetings

News Release GUG: TSX-V

ASWRF: OTCPK

Gungnir Resources Announces AGM Results

Surrey, BC – November 18, 2024 - Gungnir Resources Inc. (GUG: TSX-V, ASWRF: OTCPK) (“Gungnir” or the

“Company”) shareholders approved all the resolutions put before them at the Company’s Annual General

Meeting (the “AGM”) held on November 15, 2024 in Surrey, BC.

At the AGM, shareholders voted in favour of resolutions to:

• Set the number of Directors at four (93.77%);

• Re-elect Jari Paakki, Chris Robbins, Todd Keast and Garett Macdonald as Directors for the ensuing

year (all > 93.59%);

• Appoint DeVisser Gray, LLP as the auditors for the ensuing year and authorize the Directors to fix

the auditor’s remuneration (94.54%); and

• Approve the Company’s Stock Option 10% rolling plan (90.31%).

Following the AGM, the Board of Directors re-appointed Mr. Jari Paakki as CEO and Mr. Chris Robbins as

CFO and Corporate Secretary of the Company. The Board of Directors would like to thank the shareholders

for their ongoing support.

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, the

Knaften-Hemberget project which hosts a developing intrusion -hosted gold system, a newly discovered

gold target at Hemberget, and secondary VMS -style mineralization and copper -nickel targets. 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

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.

Forward-Looking Information: Certain statements made herein may contain forward-looking statements

or information within the meaning of Canadian securities laws. In certain cases, forward -looking

statements can be identified by the use of words such as "plans", "expects", "is expected ", "budget",

"scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations of such words

News Release GUG: TSX-V

ASWRF: OTCPK

and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will

be taken", "occur" or "be achieved", or the negative of these words or comparable terminology. By their

very nature forward-looking statements involve known and unknown risks, uncertainties and other factors

which may cause the actual performance of the Company to be materially different from any anticipated

performance expressed or implied by the forward -looking statements. Forward -looking statements or

information are based on a number of estimates and assumptions and are subject to a variety of risks and

uncertainties, which could cause actual events or results to differ from those reflected in the forward -

looking statements or information. Should o ne or more of these risks and uncertainties materialize, or

should underlying estimates and assumptions prove incorrect, actual results may vary materially from

those described in forward-looking statements or information. For example, there is no certainty, that any

economically viable mineral deposit will be located on the properties, that the Company will receive or be

able to raise sufficient capital to complete all of its exploration programs or that the transaction will

complete as anticipated. Accordingly, undue reliance should not be placed on forward-looking statements

or information. Gungnir does not expect to update forward-looking statements or information continually

as conditions change, except as may be required by securities law.