DGAP-News

Gungnir Resources Inc.: Gungnir Drills 44.90 g/t Platinum Over 0.65 Metres, 13.65 Metres of 0.83% Nickel, 8.00 Metres of 1.03% Nickel, Peak Assay of 5.12% Nickel at Lappvattnet

DGAP-News: Gungnir Resources Inc. / Key word(s): Drilling Result Gungnir Resources Inc.: Gungnir Drills 44.90 g/t Platinum Over 0.65 Metres, 13.65 Metres of 0.83% Nickel, 8.00 Metres of 1.03% Nickel, Peak Assay of 5.12% Nickel at Lappvattnet 10.11.2021 / 12:00 The issuer is solely responsible for the content of this announcement. Gungnir Drills 44.90 g/t Platinum Over 0.65 Metres, 13.65 Metres of 0.83% Nickel, 8.00 Metres of 1.03% Nickel, Peak Assay of 5.12% Nickel at Lappvattnet

SURREY, BC / ACCESSWIRE / November 10, 2021 / Gungnir Resources Inc. (TSXV:GUG)(OTC PINK:ASWRF)("Gungnir" or the "Company") is very pleased to report more near surface, high-grade nickel and platinum results from its 2021, 15-hole drill program at the Company's Lappvattnet nickel deposit in Sweden. Today's results are for drill holes LAP21-08 to -10 plus a very high-grade platinum interval in partial assay results for drill hole LAP21-14. Assays are pending for drill holes LAP21-11 to -15.

Highlights:

- 44.90 g/t (1.31 ounces per ton) platinum over 0.65 metres in hole LAP21-14; highest platinum grade at Lappvattnet to date

- 13.65 metres grading 0.83% nickel, including 1.16% nickel over 5.50 metres in hole LAP21-10

- 8.00 metres grading 1.03% nickel, including 2.90% nickel over 0.60 metres in hole LAP21-09

- Peak values of 5.12% nickel over 0.20 metres and 3.23% nickel over 0.25 metres in hole LAP21-08

- All results reported are 40 to 80 metres below surface

Jari Paakki, CEO commented, "We are seeing further assays rolling-in now and we should have all results reported more or less on schedule by mid-December 2021. Once again, we continue to report high-grade nickel assays at Lappvattnet, all near surface, with more assays to come from five drill holes. We are also highlighting a very high-grade platinum interval of 44.90 g/t Pt over 0.65 metres (topping our previous high of 39.00 g/t Pt over 0.45 metres) which continues to re-affirm potential for value-added precious metals locally at Lappvattnet."