Winshear Provides Update ON Thunder BAY Project, Purchases Assessment Credit
WINSHEAR PROVIDES UPDATE ON THUNDER BAY PROJECT,
PURCHASES ASSESSMENT CREDIT
Vancouver, June 23, 2026
Winshear Metals Corp. (TSX-V: WINS, FRA: 9HR0) (“Winshear” or the “Company”)
provides the following update on its field activities from the Thunder Bay Gold Project,
NW Ontario, as well as the purchase of an assessment credit valued at $608,000.
Thunder Bay 2026 Field Program
The Company has engaged Fladgate Exploration, a geological services company based
in Thunder Bay, to execute this summer’s field program, comprising soil sampling over
the Inflection, MacGregor, El Dorado and Kingfisher Targets, till sampling over newly
staked claims to the NE of the Kingfisher Target, and airborne magnetic surveys over
both Inflection and El Dorado (see Figure 1). Soil and till sampling is underway, and the
airborne magnetic survey commenced late last week. The summer field program is
expected to be completed by late July.
Based on the gold in till anomalies from the 2025 field program, the Company staked new
claims covering a 14km NE extension of the Kingfisher Target, which lies along the major
NE trending Kingfisher fault (Figure 1).
Purchase of Assessment Credit
The Company has entered in a purchase agreement to acquire certain mineral
exploration credits relating to claim 908950 which carries an exploration assessment
credit of $608,083. Subject to approval of the TSX-V, the Company will issue 1,000,000
shares and 500,000 warrants to the Vendors. The warrants allow the Vendors to purchase
500,000 shares in the Company at a price of $0.20 / share for a period of 3 years from
the approval date. The Vendors are the same group that the Company entered into
agreement with in 2025 (see Company News Release dated July 25, 2025 related to the
Thunder Bay Gold Project).
Figure 2 below shows the configuration of the Thunder Bay Project at this time.
Qualified Person
J. Patricio Varas, P.Geo., a Qualified Person as defined by National Instrument 43-101
Standards of Disclosure for Mineral Projects, and also the Company’s President and
Director, has read and approved all technical and scientific information contained in this
news release.
About Winshear Metals Corp
Winshear Metals Corp. is a Canadian-based minerals exploration company with a nickel-
copper-cobalt project in Scotland (the Portsoy Project) and gold / critical minerals project
in Ontario (the Thunder Bay Project).
For more information, please contact Irene Dorsman at +1 (604) 200 7874 or visit
www.winshear.com
ON BEHALF OF THE BOARD OF DIRECTORS
“Richard D. Williams”
Richard D. Williams, CEO
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.
Caution Regarding Forward Looking Statements
Certain of the statements made and information contained in this press release may constitute forward-
looking information and forward-looking statements (collectively, “forward-looking statements”) within the
meaning of applicable securities laws, including statements regarding the proposed acquisition of
assessment credits, the anticipated issuance of shares and warrants, receipt of TSX Venture Exchange
approval; and the timing, scope, completion and results of the 2026 field program.. The forward-looking
statements in this press release reflect the current expectations, assumptions or beliefs of the Company
based upon information currently available to the Company. Although the Company believes the
expectations expressed in such forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and no assurance can be given that these
expectations will prove to be correct as actual results or developments may differ materially from those
projected in the forward-looking statements. Factors that could cause actual results to differ materially from
those in forward-looking statements include but are not limited to: failure to receive TSX-V approval for the
proposed share and warrant issuance; the possibility that the proposed acquisition of assessment credits
may not be completed on the terms described, or not at all; the possibility that the acquired assessment
credits may not provide the expected economic benefit to the Company; uncertainty regarding the
interpretation of geological, geochemical and geophysical data; the possibility that the summer field
program may not identify targets for follow-up work; uncertainty regarding the continuity, extent, grade and
true thickness of mineralization; the possibility that future exploration may not identify mineralization of
economic interest; delays or cost increases in completing field work, sampling, surveying or assays; risks
related to exploration access, permitting, landholder or community relations, weather, terrain and logistical
conditions; availability and cost of exploration contractors, assay laboratories and technical services;
changes in commodity prices, exchange rates, capital markets or financing availability; risks inherent in
early-stage mineral exploration; changes in applicable laws, regulations or government policy; and the other
risks described in the Company’s public disclosure record. Readers are cautioned not to place undue
reliance on forward-looking statements due to the inherent uncertainty thereof. The forward-looking
statements contained in this press release are made as of the date of this press release and except as may
otherwise be required pursuant to applicable laws, the Company does not assume any obligation to update
or revise these forward-looking statements, whether as a result of new information, future events or
otherwise.
Figure 1 – Map showing the locations of 2026 till samples (yellow dots) and soil samples (pink dots)..
Kingfisher El Dorado
Inflection
Figure 2 – Map showing the new configuration of the Thunder Bay Gold Project.