VANCOUVER, British Columbia, March 02, 2026 (GLOBE NEWSWIRE) -- Winshear Gold Corp. (TSXV:WINS) ("Winshear" or the "Company") is pleased to announce that it closed a non-brokered private placement (the "Offering") of 25,000,000 Units for gross proceeds of $2,500,000. Each Unit comprises one common share (a "Share") and one half of one Share purchase warrant (a "Warrant"), with each full Warrant providing the holder with the right to purchase one Share at a price of $0.20 for a period of 36 months from the closing date of the financing up to and including March 2, 2029.

Aggregate finder fees of $48,375 cash and 459,000 Warrants were paid on certain subscriptions to Haywood Securities Inc., Ventum Financial Corp., Canaccord Genuity Corp. and Research Capital Corporation. (Such compensation Warrants have the same terms and conditions as the Warrants issued to subscribers but are non-transferable.) All securities issued as part of this private placement will be subject to a hold period which expires on July 3, 2026.

Proceeds from the Offering will be used to fund exploration of the Company's Portsoy Project in Scotland ...