NOT FOR DISTRIBUTION IN THE U.S.

VANCOUVER, British Columbia, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Winshear Gold Corp. (TSXV:WINS) announces a non-brokered private placement of 25,000,000 Units at $0.10 per Unit for gross proceeds of $2,500,000. Each Unit comprises one common share and one half of one common share purchase warrant. Each full warrant will allow the holder to purchase one common share of Winshear Gold at a price of $0.20 for a period of 36 months from the closing date of the financing. Finder's fees of up to 6% cash and a 6% warrant, on terms similar to the Unit warrants, will be paid.

Proceeds from the private placement will be used for a drill program at the Company's Portsoy project in Scotland and general working capital.

Completion of the private placement is subject to certain conditions, including the approval of the TSX Venture Exchange. All securities issued as part of this private placement will be subject to a hold period of four months ...