Winshear Gold Corp. provided the corporate and exploration updates. The international arbitration process before an arbitral Tribunal constituted under the rules of the International Centre for Settlement of International Disputes (ICSID) in relation to Winshear's $95.5 million (CAD 124.8 million) claim against the Government of Tanzania for expropriation of the SMP Gold project continues on the Tribunal's schedule toward a hearing in the first half of 2023.

Winshear has secured up to $3.3 million (CAD 4.3 million) of arbitration funding from a third party in return for a time- and amount-dependent share of any recovered award. On June 10, 2021, Winshear submitted its Declaracion de Impacto Ambiental (DIA), the suite of environmental and social studies required to be completed ahead of drilling at its Gaban gold project in Peru's Puno Orogenic Gold Belt ("POGB"). The DIA allows for the construction of up to 40 drill pads and covers the Coritiri target at Gaban.

Subject to funding, Winshear intends to drill Gaban as soon as possible after receipt of the DIA, which has been delayed in the approval process. To date, the Gaban project has consisted of a large northern group of contiguous concessions focused on the Coritiri and Yanamayo anomaliesand a smaller group of concessions located a few kilometres to the south, herein referred to as the "Yang" project. Going forward, the "Gaban" project name will refer solely to the northern block of concessions, and Yang to the southern block.

Winshear intends to seek a partner to explore the Yang project. Winshear recently completed a one-month reconnaissance geochemical and mapping program at the Ica project, the first work on this project since its acquisition from Palamina. Results show a group of +/- 1 m wide magnetite-pyrite-chalcopyrite+/- potassium feldspar+/-tourmaline veins up to several hundred meters long.

These veins commonly are oxidized at the surface, but contain fresh sulfide minerals just a few meters below the surface. Values up to 6.09% copper and 2.6 grams/tonne gold demonstrate that veins with potentially economic grades of copper and gold exist on the property. Winshear plans a ground geomagnetic survey to determine whether these veins may widen or coalesce at depth, which could form the basis for a compelling new target.