Goldshore Resources Inc. Commences Trading on the TSX Venture Exchange


VANCOUVER, B.C., June 2, 2021:  Goldshore Resources Inc. (formerly Sierra Madre Developments Inc.) (TSXV: GSHR) (the “Company”) is pleased to announce that at the opening of the market on June 4, 2021, the Company’s common shares will commence trading on the TSX Venture Exchange (the “TSXV”) under the ticker symbol “GSHR”.

On May 31, 2021, the Company announced the closing of its Reverse Takeover (as defined in TSXV Policy 5.2) (the “Transaction”). The Transaction was completed pursuant to the terms of an arrangement agreement (the “Amalgamation Agreement”) among the Company, 1284403 B.C. Ltd. and Goldshore Resources Inc. (“Former Goldshore”). Pursuant to the Amalgamation Agreement, the Company acquired all of the issued and outstanding shares of Former Goldshore by way of a “three-cornered” amalgamation pursuant to the provisions of the Business Corporations Act (British Columbia). The Transaction has now received all final approvals, including that of the TSXV. The total number of issued and outstanding common shares of the Company at the commencement of trading will be 100,295,260.

President and Chief Executive Officer, Brett A. Richards stated: “Today marks another historic milestone in Goldshore’s short evolution and we are truly excited that our shares will commence trading on the TSX Venture Exchange, having concluded a number of business transactions earlier in the week.”   Mr. Richards added: “We are also excited to be entering a favourable seasonal period at the Moss Lake Project whereby we can commence our exploration on the ground quite quickly, and get moving towards our strategic objectives”.

About Goldshore

Goldshore is an emerging junior gold developer, and owns the Moss Lake Gold Project located in Ontario. Wesdome Gold Mines Ltd. is currently a strategic shareholder of Goldshore with an approximate 30% equity position in the Company.  Well-financed after having completed a C$25 million financing and supported by an industry-leading management group, board of directors and advisory board, Goldshore is positioned to advance the Moss Lake Gold Project through the next stages of exploration and development.

For More Information – Please Contact:

Brett A. Richards
President, Chief Executive Officer and Director
Goldshore Resources Inc.
P. +1 604 288 4416 M. +1 905 449 1500

Sierra Madre Developments Inc.
“Hani Zabaneh”
Hani Zabaneh
CEO & Director