Shear Domain at the Moss Deposit increases to 3.35Moz at 1.84 g/t Au within 56.5Mt

VANCOUVER, B.C., May 8, 2023: Goldshore Resources Inc. (TSXV: GSHR / OTCQB: GSHRF / FWB: 8X00) (“Goldshore” or the “Company”) is pleased to announce an updated mineral resource estimate (the “Moss MRE”) for the Moss deposit (“Moss”or the “Moss Deposit”) and a maiden mineral resource estimate (the “East Coldstream MRE” and, together with the Moss MRE, the “MRE”) for the East Coldstream deposit (“East Coldstream” or the “East Coldstream Deposit”), both located at its 100%-owned Moss Gold Project in Northwest Ontario, Canada (the “Moss Gold Project” or the “Project”).

Moss Gold Project global inferred resource grows 44% to 6.00Moz at 1.02 g/t, within 183.6Mt
Moss MRE grows with 24% more contained gold ounces and 32% more tonnes from 4.17Moz Au in 121.7Mt (November 2022 mineral resource estimate) to 5.42Moz Au at 1.03 g/t Au within 163.6Mt (open pit and underground).
The shear domain has increased in contained metal and tonnage from the November 2022 mineral resource estimate by 52% and 63%, respectively,to 3.35M oz Au at 1.84 g/t Au within 56.5Mt (open pit only).
There is clear expansion potential over the 8km-long belt through strike extensions (in both directions) and parallel shears where gold mineralization has been intersected but is sparsely drilled.
East Coldstream MRE introduced at 580Koz at 0.91 g/t Au in 20.0Mt (open pit and underground).
Implied stripping ratios are 5.2:1 for Moss and 6.4:1 for East Coldstream.
This resource increase implied by the Moss Gold Project demonstrates the scale of the project and the opportunity for a high-grade open-pit gold project.
Work is well underway on studies to support a preliminary economic assessment (“PEA”) planned for later this year.

The Moss Gold Project is host to 29 additional targets over a 35 km trend, which the Company continues to evaluate, and prioritize for future drill campaigns.
The Company has incurred discovery costs of approximately CAD$10 per ounce of inferred Au resource (all-in) including acquisition costs and overheads. This can also be measured as approximately 76 ounces Au per meter drilled (all-in costs included) in the 78,000 meters drilled to date.
Summary of the MRE
Open-Pit and Underground Constrained Inferred MRE for the Moss Deposit and East Coldstream Deposit with an Effective Date of May 5, 2023:

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https://goldshoreresources.com/goldshore-announces-inferred-mineral-resource-estimate-of-6-00moz-contained-gold-at-1-02-g-t-au-within-183-6mt-at-the-moss-gold-project/