Zodiac Gold Announces Initial Trenching Results at the Ben Ben Target and Grant of Stock Options to Directors and Officers

The most recent news (March 19, 2026) reports trenching results from the Ben Ben target at the Todi Gold Project in Liberia. Key results include a standout intercept of 30m at 1.24 g/t Au. The company has transitioned from trenching to active diamond drilling at Ben Ben to test mineralization at depth. Additionally, the company announced that the updated NI 43-101 Technical Report, originally expected in Q1 2026, is now delayed until Q4 2026 to incorporate the results of the current 2026 drilling program. Concurrently, 3,825,000 stock options were granted to directors and officers.

The news is Routine - Positive. While the 30m at 1.24 g/t Au result is a solid confirmation of surface mineralization, it was previously mentioned in the February 2, 2026, release as a 2025 result; thus, the "new" data is incremental. - Strategic Pivot: The most significant material change in the recent timeline was the January 2026 termination of the Avesoro exclusivity agreement. Zodiac has shifted from being a potential acquisition target to an active explorer. - Funding: The C$6.1M LIFE offering closed in January 2026 is the primary driver for the current 14,000m drill program. This provides the "firepower" to move beyond the Arthington discovery. - Technical Report Delay: The delay of the NI 43-101 from Q1 to Q4 2026 is a minor negative as it postpones the formal maiden resource estimate for Arthington, but it is logically justified by the desire to include Ben Ben results.

Zodiac Gold is focused on the Todi Gold Project in Liberia, situated along the Todi Shear Zone. - Flagship: Todi Gold Project (Arthington, Ben Ben, and Youth Camp targets). - Arthington Discovery: 37 of 39 holes intersected mineralization, with highlights like 18m @ 4.67 g/t Au and 9.65m @ 7.50 g/t Au. - Regional Potential: Over 2,300 sq km of land, including iron ore potential under a term sheet with Vitol.