GOLDEN SHIELD DRILLS EXTENSIONS OF MAZOA HILL WITH 7.58 G/T GOLD OVER 31 METRES AND 4.95 G/T GOLD OVER 10 METRES

Highlights include: Hole MH-22-21 • 31 metres grading 7.58 g/t gold • 50 metre down dip step-out from 50 metres grading 9.10 g/t in hole MH-21-04 Hole MH-22-18 • 10 metres grading 4.95 g/t gold, including 19.06 g/t Au over 2 metres • Open down dip • Grade may increase with depth Vancouver, British Columbia, May 31, 2022 – Golden Shield Resources Inc. (CSE: GSRI / FRA: 4LE0) (the “Company” or “Golden Shield”) is pleased to announce assay results from the initial seven holes of the Company’s eleven hole, 3,100 metre Phase 2 drill program at the Company’s flagship, 5,457-hectare, Marudi Mountain gold project located in the Rupununi District of southwestern Guyana. Drilling targeted the previously identified Mazoa Hill prospect. Results from the remaining four holes are pending.