Gossan Resources Limited announced its summer and fall exploration programs at its Gander Property in Newfoundland. The Company's wholly-owned Gander Property consists of 8,875 hectares and is immediately adjacent to the Queensway property along the Central Newfoundland Gold Belt owned by New Found Gold. The Company also holds title to the 975-hectare Weir Pond Property which lies 25 km north of Gander, and to the 1,050-hectare Island Pond Property which lies 48 km north of Gander.

The properties straddle a major geological contact between the Dunnage and Gander Zones. The Company has contracted an airborne magnetic survey including Triaxial Magnetic Gradient Surveys and VLF Surveys across the entire 10,900 hectares of its Gander property holdings. This program is ongoing and the Company expects the results will assist in better in planning geochemical ground surveys, and more targeted geophysical programs. The survey's output will be used in conjunction with existing LiDAR, geophysical and airborne mag data, as well as historic work to finalize planning and execute a sampling program across a large portion of the land package.

The sampling program will test the main GRUB line structure, and adjacent areas including historic and unverified gold showings. The Company will also sample outcrops and known historic quarries with exposed quartz veins and graphitic tuffs. The Company expects that the results of these programs will serve to define high prospectivity areas for detailed subsequent exploration.

The Company has received exploration permit extensions for its Newfoundland Properties that are valid until July 2023.