Gungnir Resources: A Golden Opportunity in the Swedish Mining Sector

Gungnir Resources Inc. has just received final approval for all recent permit applications within the Knaften-Hemberget gold project, located in the southern part of the Swedish Gold Line in the Vasterbotten District. This development is a significant milestone for the company, as it allows for further exploration and development of its 15,000-hectare property portfolio, which includes established gold targets, large under-explored land positions for gold and base metals, and significant nickel resources.

The Knaften-Hemberget project is particularly noteworthy, as it hosts a developing intrusion-hosted gold system and a newly discovered gold target at Hemberget. Additionally, the project includes two separate inferred nickel resources, with the more important, high-grade Lappvattnet nickel deposit being a key focus. The company's strategic positioning in the Swedish mining sector is further bolstered by its planned collaboration with Lulea University of Technology (LTU) for studies at the high-grade Lappvattnet nickel deposit. This collaboration, funded by the Swedish Agency for Economic and Regional Growth, aims to examine new methods for efficient and sustainable mining of small to medium-sized deposits, development of new exploration technologies, and assembly of a geoscience database on critical metals in the Vasterbotten District.

The technical information in this news release has been prepared, verified, and approved by Jari Paakki, P.Geo., CEO, and a director of the Company. Mr. Paakki is a Qualified Person under National Instrument 43-101, ensuring the credibility and accuracy of the information provided.



The receipt of permit approvals for the Knaften-Hemberget gold project significantly enhances Gungnir Resources' strategic positioning in the Swedish mining sector. This approval allows the company to proceed with further exploration and development of its 15,000-hectare property portfolio, which includes established gold targets, large under-explored land positions for gold and base metals, and significant nickel resources. Specifically, the key targets within this portfolio are the Knaften 300 Gold Zone and the newly discovered Hemberget gold target, as well as two separate inferred nickel resources, including the high-grade Lappvattnet nickel deposit.

This strategic advantage is further bolstered by the planned collaboration with Lulea University of Technology (LTU) for studies at the high-grade Lappvattnet nickel deposit. This collaboration, funded by the Swedish Agency for Economic and Regional Growth, will focus on geo-metallurgy and mineral engineering studies, examining new methods for efficient and sustainable mining of small to medium-sized deposits, development of new exploration technologies, and assembly of a geoscience database on critical metals in the Vasterbotten District. The fact that no monetary contribution is required from Gungnir for this study underscores the company's ability to leverage external resources to advance its projects without significant financial outlay.

The permit approvals and the planned collaboration with LTU position Gungnir Resources favorably against competitors by allowing the company to explore and develop its properties more efficiently and sustainably. The focus on new exploration technologies and efficient mining methods aligns with the growing demand for sustainable mining practices, potentially giving Gungnir a competitive edge in attracting investors and partners who prioritize environmental and social responsibility. Additionally, the extensive property portfolio and the high-grade Lappvattnet nickel deposit provide Gungnir with a robust foundation for future growth and development, setting it apart from competitors with less diversified or less strategically located assets.

The collaboration between Gungnir Resources and Lulea University of Technology (LTU) for the study on the Lappvattnet nickel deposit has several key objectives and expected outcomes. The primary goal is to conduct geo-metallurgy and mineral engineering studies, which will examine new methods for efficient and sustainable mining of small to medium-sized deposits. This includes the development of new exploration technologies and the assembly of a geoscience database on critical metals in the Vasterbotten District.

The study at Lappvattnet will form part of the larger Critical Metals in Vasterbotten project ("CRM-V"), which aims to advance the understanding and application of sustainable mining practices. The findings from this collaboration are expected to influence future mining operations by providing insights into more efficient and environmentally friendly mining methods. This could lead to the adoption of new technologies that reduce the environmental impact of mining activities and improve the overall sustainability of the industry.

The collaboration is funded by the Swedish Agency for Economic and Regional Growth, and no monetary contribution is required from Gungnir. This partnership not only benefits Gungnir by potentially enhancing the value of its Lappvattnet nickel deposit but also contributes to the broader goal of advancing sustainable mining practices in the region. The technical information in this news release has been prepared, verified, and approved by Jari Paakki, P.Geo., CEO, and a director of the Company. Mr. Paakki is a Qualified Person under National Instrument 43-101, ensuring the credibility and accuracy of the information provided.

Gungnir Resources Inc. has significant nickel resources at the Lappvattnet deposit, which it can leverage to diversify its revenue streams and mitigate risks associated with gold price volatility. The company's 15,000-hectare property portfolio includes established gold targets, large under-explored land positions for gold and base metals, and nickel resources. The Lappvattnet nickel deposit is particularly important as it is a high-grade nickel deposit. By focusing on the development of this nickel resource, Gungnir can reduce its reliance on gold prices and create a more stable revenue stream.

The company has already taken steps to advance the Lappvattnet deposit by announcing a planned collaboration with Lulea University of Technology (LTU) for studies at its high-grade Lappvattnet nickel deposit. This collaboration, funded by the Swedish Agency for Economic and Regional Growth, aims to examine new methods for efficient and sustainable mining of small to medium-sized deposits, development of new exploration technologies, and assembly of a geoscience database on critical metals in the Vasterbotten District. This partnership will help Gungnir to explore efficient mining methods and new exploration technologies without monetary input from Gungnir, thereby reducing the financial risk associated with the development of the nickel deposit.

Furthermore, the company's key targets include the Knaften 300 Gold Zone and the new Hemberget gold target which was discovered in 2024, as well as two separate inferred nickel resources, including the more important, high-grade Lappvattnet nickel deposit. By diversifying its portfolio to include both gold and nickel resources, Gungnir can mitigate the risks associated with gold price volatility and create a more stable and diversified revenue stream. The company's plan for development of its properties and the timing thereof will be based on a number of key expectations and assumptions made by Gungnir, including, without limitation: access to the projects will remain available; transportation and infrastructure will remain available as anticipated; no change to laws or regulations that negatively affect Gungnir's business; there will be a demand for Gungnir's services and products in the future; Gungnir will be able to operate its business in accordance with its plans. By leveraging its significant nickel resources at the Lappvattnet deposit, Gungnir can create a more stable and diversified revenue stream and mitigate the risks associated with gold price volatility.