• Final assays received from Sunshine's resource definition drilling program at the Liontown Gold Panel, supporting underground mine planning and the upcoming Liontown Resource update
• Liontown Gold Panel hosts an existing Resource of 247Kt @ 7.35g/t Au and 11g/t Ag for 58.2Koz Au and 87Koz Ag
• Sunshine will incorporate all latest assays in an updated Liontown Resource due in June 2026 quarter

Sunshine Metals Ltd has received exceptional final assays from resource definition drilling at Liontown, part of its Ravenswood Consolidated Project in North Queensland. Key results include 22m @ 20.25g/t Au from 69m, 12m @ 7.87g/t Au from 85m, 10m @ 8.28g/t Au from 46m, and 13m @ 3.76g/t Au from 30m. The Liontown Gold Panel hosts an existing Resource of 247Kt @ 7.35g/t Au and 11g/t Ag for 58.2Koz Au and 87Koz Ag, forming part of the proposed underground mine in the Liontown Mining Study. Sunshine will incorporate all latest assays in an updated Liontown Resource due in June 2026 quarter. The updated Resource and additional metallurgical data will form the basis for a revised Liontown Mining Study, which will commence in June 2026. Sunshine's recent acquisition of the Mt Moss Processing Facility is expected to further underpin the Liontown project. The company also has a Share Purchase Plan open until 22 May 2026 to raise up to $3 million as part of a $22 million capital raising to support the Mt Moss Operations acquisition and advance plans for gold production in 2027.

Sunshine has a busy period ahead including the completion of the Mt Moss Acquisition in May 2026, the Shallow Au Resource upgrade at Liontown in May-June 2026, the update of the Liontown Gold Mining Study in June-July 2026, and the commencement of the Liontown Base Metal Mining Study in August-September 2026.