VANCOUVER - Goldshore Resources Inc. (TSXV: GSHR / OTCQB: GSHRF / FWB: 8X00) ('Goldshore' or the 'Company'), is pleased to announce gold assay results from holes MMD-21-006 and MQD-21-009, which continue to validate gold mineralization from the Moss Lake Gold Deposit in Northwest Ontario, Canada.

Highlights

New parallel zone indicated to the north of QES Zone: drilling confirmed the grades within the 2013 resource model and identified a second high-grade structure approximately 250 meters north of the model. High-grade mineralized intercepts include: 52.85m @ 1.35 g/t Au from 194.0m, 7.85m @ 1.18 g/t Au from 607.0m and 9.00m @ 1.42 g/t Au from 638.0m

Twin holes confirm historic drill results: a comparison between the two sets of twin holes, based on geological rather grade intervals, shows a good comparison between gold grades and interval widths: 231.9m @ 0.57 g/t Au from 160 meters (MMD-21-006) vs 233.0m @ 0.58 g/t Au from 167 meters (90-223)

132.0m @ 0.72 g/t Au from 141 meters (MQD-21-009) vs 128.0m @ 0.74 g/t Au from 164 meters (90-209)

Continued high grade structures at Main Zone: one main high-grade mineralized zone occurs within a larger envelope of +0.3 g/t Au mineralization at the southwestern edge of the Main Zone in MMD-21-006, including: 8.15m @ 1.10 g/t Au from 167.05m, 29.5m @ 1.19 g/t Au from 199.0m and 10.8m @ 1.57 g/t Au from 248.2m

Brett Richards, President and Chief Executive Officer of Goldshore commented: 'As we have previously reported, we continue to produce drill results that confirm the historical resource estimate modelled in 2013, and significant extensions outside of the historical resource. As well, we are discovering additional parallel zones that we think will improve the project economics by replacing waste material in a design pit with mineralized blocks. The fact that we are continuing to intersect gold mineralization outside of the volume modelled in 2013 also affirms our belief that the deposit is significantly larger than previously interpreted.'

About Goldshore

Goldshore is an emerging junior gold development company, and owns the Moss Lake Gold Project located in Ontario. Wesdome Gold Mines Ltd. is currently a strategic shareholder of Goldshore with an approximate 26% equity position in the Company. Well-financed 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.

About the Moss Lake Gold Project

The Moss Lake Gold Project is located approximately 100 km west of the city of Thunder Bay, Ontario. It is accessed via Highway 11 which passes within 1 km of the property boundary to the north. The Moss Lake Gold Project covers 14,292 hectares and consists of 282 unpatented and patented mining claims.

Moss Lake hosts a number of gold and base metal rich deposits including the Moss Lake Deposit, the East Coldstream Deposit, the historically producing North Coldstream Mine, and the Hamlin Zone, all of which occur over a mineralized trend exceeding 20 km in length. A historical preliminary economic assessment was completed on Moss Lake in 2013 and published by Moss Lake Gold-1. A historical mineral resource estimate was completed on the East Coldstream Deposit in 2011 by Foundation Resources Inc-2,-3. In addition to these zones, the Moss Lake Gold Project also hosts a number of under-explored mineral occurrences which are reported to exist both at surface and in historically drilled holes. The Moss Lake Deposit is a shear-hosted disseminated-style gold deposit which outcrops at surface. It has been drilled over a 2.5 km length and to depths of 300 m with 376 holes completed between 1983 and 2017. The last drilling program conducted in 2016 and 2017 by Wesdome Gold Mines Ltd. ('Wesdome'), which consisted of widely spaced holes along the strike extension of the deposit was successful in expanding the mineralized footprint and hydrothermal system 1.6 km to the northeast. Additionally, the deposit remains largely open to depth. In 2017, Wesdome completed an induced polarization survey which traced the potential extensions of pyrite mineralization associated with the Moss Lake Deposit over a total strike length of 8 km and spanning the entire extent of the survey grids.

The East Coldstream Deposit is a shear-hosted disseminated-style gold deposit which locally outcrops at surface. It has been drilled over a 1.3 km length and to depths of 200 m with 138 holes completed between 1988 and 2017. The deposit remains largely open at depth and may have the potential for expansion along strike. Historic drill hole highlights from the East Coldstream Deposit include 4.86 g/t Au over 27.3 m in C-10-15 from previous / historical exploration.

The historically producing North Coldstream Mine is reported to have produced significant amounts of copper, gold and silver from mineralization with potential iron-oxide-copper-gold deposit style affinity. The exploration potential immediately surrounding the historic mining area is not currently well understood and historic data compilation is required.

The Hamlin Zone is a significant occurrence of copper and gold mineralization, and also of potential iron-oxide-copper-gold deposit style affinity. Between 2008 and 2011, Glencore tested Hamlin with 24 drill holes which successfully outlined a broad and intermittently mineralized zone over a strike length of 900 m. Historic drill hole highlights from the Hamlin Zone include 0.9 g/t Au and 0.35% Cu over 150.7 m in HAM-11-75.

The Moss Lake, East Coldstream and North Coldstream deposits sit on a mineral trend marked by a regionally significant deformation zone locally referred to as the Wawiag Fault Zone in the area of the Moss Lake Deposit. This deformation zone occurs over a length of approximately 20 km on the Moss Lake Gold Project and there is an area spanning approximately 7 km between the Moss Lake and East Coldstream deposits that is significantly underexplored.

Contact:

Brett A. Richards

Tel: +1 604 288 4416

Email: brichards@goldshoreresources.com

Web: www.goldshoreresources.com

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