Goliath drills 22.82 m of 10.62 g/t Au at Golddigger

Mr. Roger Rosmus reports GOLIATH INTERSECTS 10.62 G/T GOLD OVER 22.82 METERS, DRILLING MAINTAINS 100% HIT RATE, 95% OF HOLES CONTAIN VISIBLE GOLD, REMAINS WIDE OPEN, SUREBET DISCOVERY, GOLDDIGGER PROPERTY, GOLDEN TRIANGLE, B.C. Goliath Resources Ltd. has released assay results from drill hole GD-25-337 which intersected 10.60 grams per tonne Au (gold) over 22.82 metres, including 15.19 g/t Au over 15.71 metres, including two separate intervals consisting of 37.28 g/t Au or 1.20 oz/t Au over 3.36 metres and 36.11 or 1.16 ounces/tonne Au over 3.08 metres at Surebet on the 100-per-cent-controlled Golddigger property, Golden Triangle, British Columbia. One hundred per cent of the drill holes completed to date on Surebet have intersected substantial quartz-sulphide mineralization as well as 95 per cent of the 2025 drill holes contain VG-NE, clearly demonstrating the exceptional discovery potential remaining on the property. Drilling has been completed for 65 holes (45,000 metres) during the 2025 drill season, with 50 holes remaining (15,000 metres). With roughly one month remaining, the company is on target to complete the planned up to 60,000-metre program with nine rigs actively drilling. The intercepts reported are approximately true width, and reflect gold only assays (AuEq (gold equivalent) values will be adjusted accordingly once Ag (silver), Cu (copper), Pb (lead) and Zn (zinc) are received). Dr. Quinton Hennigh, geologic and technical adviser to Crescat Capital, a strategic investor in Goliath, states: "Goliath's exploration team, having synthesized a detailed model of the Surebet high-grade mineralizing system after the 2024 season, was thoroughly prepared to undertake an aggressive, highly focused drill program this season. The success rate of mineralized intercepts encountered thus far is remarkable, and now we see the fruits of this work in the form of exceptional assays coming back from early holes. Surebet is now continually delivering strong results, a trend I expect to continue given this update." Mr. Roger Rosmus, founder and chief executive officer of Goliath, states: "The more we drill at the Surebet the better it gets with pleasant surprises along the way, which is a good rule of thumb about how new discoveries can become future mines. Most notably, the Surebet discovery has widespread drill holes with gold visible to the naked eye and several containing high gram by metre assays. It is becoming abundantly clear to our team that Surebet is emerging as the most important grassroots high-grade gold discoveries in the Golden Triangle of British Columbia since the Eskay Creek discovery. We still have many holes with assays pending and are progressing toward completing our up to 60,000-metre drill program in 2025. This year's drilling campaign is shaping up to be our most impressive yet at the Surebet high-grade gold discovery. At this point we have only reported seven holes of the 115 planned holes for 2025. We look forward to substantial assay news flow from this years aggressive drilling program." Recent results have returned exceptional high-grade gold from drill hole GD-25-337, which intersected 10.60 g/t Au over 22.82 metres (242 gram by metre hole), including 15.19 g/t Au over 15.71 metres, including two separate intervals consisting of 37.28 g/t Au or 1.20 oz/t Au over 3.36 metres and 36.11 or 1.16 oz/t Au over 3.08 metres from the andesite unit. Which is below the Bonanza zone containing multiple occurrences of widespread VG-NE between 113.00 metres and 135.82 metres hosted within a zone of dense calc-silicate veins with moderate amounts of sphalerite, pyrrhotite and pyrite. Additional drill results have expanded the high-grade gold mineralization within the Bonanza zone and associated structures, with several drill holes returning significant intercepts. Notably, drill hole GD-24-277 intersected 12.16 g/t Au over 6.0 metres, including a high-grade core of 18.22 g/t Au over 4.00 metres, hosted in a strongly altered andesite unit. This mineralization at the contact between sedimentary and volcanic rocks corresponding to the Bonanza zone was further confirmed by hole GD-25-318, which intersected 11.03 g/t Au over 5.7 metres, hole GD-25-343, which returned 10.08 g/t Au over 5.0 metres, as well as hole GD-25-334 which intersected 6.85 g/t Au over 6.00 metres. The exceptional grades coupled with VG-NE within substantial quartz-sulphide veins, stockworks and breccias, which are mineralized with sphalerite, pyrrhotite and chalcopyrite, highlight the excellent potential for further resource expansion. High-grade gold mineralization has been confirmed in three distinct rock packages at the Surebet discovery, which include: gently dipping gold-rich mineralized stacked quartz-sulphide breccias/stock work veins; gold-rich intermediate to felsic Eocene-aged RIRG dikes that crosscut the veins; and the broad zones of calc-silicate altered breccia. All three rock packages contain substantial amounts of VG-NE and remain wide open, which strongly indicates the presence of a Motherlode magmatic causative source at depth responsible for the widespread high-grade gold mineralization at the Surebet discovery. The 2025 planned campaign is under way and consists of up to 60,000 metres of systematic drilling with nine drill rigs. The campaign aims at expanding the full geometry of the Surebet discovery laterally and to depth. One hundred per cent of the drilling will be focused on the Surebet discovery, where the company has designed a detailed drill plan that will consist of: testing for the Motherlode Magmatic intrusive gold source; testing an additional 13 Eocene-aged dikes observed on the surface that have never been drill tested for RIRG mineralization; infill drilling with the goal of increasing pierce points density in all known stacked veins with a particular focus on the highest-grade areas from the Bonanza zone and Surebet zone intersection domain; testing zones where the RIRG dikes and gently dipping veins crosscut which are being called Goldilocks zones as they are key locations where there are two styles of gold mineralization enriching the zones; and expanding the known mineralized veins laterally and to depth where they currently remain open. Surebet discovery highlights Sixty two out of 65 holes (or 95 per cent) drilled thus far in 2025 contain VG-NE and a 100-per-cent hit rate of drill holes have intersected substantial quartz-sulphide mineralization. Sixty out of 64 holes (or 94 per cent) drilled in 2024 contain VG-NE up to 11.5 millimetres (seven-16th inches) in size, all of which returned high-grade gold. The best hole drilled to date is GD-24-260 previously reported from the Bonanza zone assayed 34.52 g/t AuEq (34.47 Au and 3.96 Ag) over 39.00 metres, including 132.93 g/t AuEq (132.78 Au and 12.98 Ag) over 10.00 metres, and 166.04 g/t AuEq (165.84 Au and 16.07 Ag) over 8.00 metres delivering a 1346 gram by metre hole (see news release dated Jan. 13, 2025). The best hole drilled to date from the RIRG Eocene-aged dikes is GD-22-58 that assayed 12.03 g/t AuEq (11.84 g/t Au and 15.61 g/t Ag) over 10.00 metres including 19.91 g/t AuEq (19.62 g/t Au and 25.61 g/t Ag) over 6.00 metres, including 23.82 g/t AuEq (23.47 g/t Au and 30.54 g/t Ag) over 5.00 metres, plus a second separate interval down hole of 8.59 g/t AuEq (8.35 g/t Au and 20.74 g/t Ag) over 5.00 metres (see news release dated March 13, 2025). The best hole drilled to date from the third distinct rock package consisting of calc-silicate altered breccia is drill hole GD-25-337, which intersected 10.60 g/t Au over 22.82 metres, including 15.19 g/t Au over 15.71 metres, including two separate intervals consisting of 37.28 g/t Au or 1.20 oz/t Au over 3.36 metres and 36.11 or 1.16 oz/t Au over 3.08 metres. The intercept is approximately true width, and these assays reflect gold only (AuEq value in the interval will be adjusted accordingly once Ag (silver), Cu (copper), Pb (lead) and Zn (zinc) are received). Multiple gently dipping gold-mineralized stacked veins have been identified every year on the Surebet high-grade gold discovery. Recent discoveries include RIRG Eocene-aged dikes, Goldilocks zones where the veins and vertical RIRG dikes crosscut (which are characterized by having high-grade gold in two temperature regimes) and recently discovered high-grade gold in a third distinct rock package. Which continuously increase the potential tonnage and gold content of the high-grade gold system at the Surebet discovery. A total of 12 stacked gently dipping high-grade gold veins extend for 1.2 kilometres at the Surebet discovery, have been enhanced by four high-grade RIRG Eocene-aged dikes that are up to 25 metres wide and exposed along strike at surface for up to 1,500 metres have been discovered and modelled to date (see news release dated June 23, 2025). The footprint of the mineralization discovered to date at Surebet is 1.8 square kilometres, greater then half the size of Central Park in New York and remains open in all directions. Thanks to the mountainous topography, mineralization in the veins is exposed on the surface for 2.1 kilometres of strike (1.0 km on the south slope and 1.1 km on the north slope) with a vertical relief of 700 metres. A study completed by the Colorado School of Mines confirms a new interpretation of the ore forming process of high-grade gold mineralization at Surebet and outlines a common magmatic source for the high-grade gold system, now in three distinct rock packages. Which gives the Surebet discovery tremendous untapped discovery potential to increase tonnage and gold content in the various known rock package. Until this study, researchers and explorers in the Golden Triangle had not recognized the high-grade gold discovery potential in the Eocene-aged RIRG dikes (see news release March 13, 2025), which is showing the potential that these discoveries could be a geological breakthrough in the Golden Triangle of British Columbia. Goliath has drilled a total of 92,000 metres with over 400 pierce points on the Golddigger property between 2021 and 2024, which culminated in the updated geologic model used for this year's drill planning. The Surebet discovery has predictable continuity and very good metallurgy with gold recoveries of 92.2 per cent from gravity and flotation at a 327-micrometre crush including 48.8-per-cent free gold recovery from gravity alone (no cyanide required to recover the gold). The metallurgy completed to date shows a benign rock composition without deleterious elements (see news release March 1, 2023). Based on positive grassroots exploration and drill results in recent years, Goliath significantly increased its land package from 66,608 hectares to 91,518 hectares (226,146 acres) and now controls 56 kilometres of key terrain of the Red Line geologic trend providing for additional upside discovery potential. The Golddigger property is located on tidewater with a barge route to Prince Rupert (190 km south) and close to infrastructure including the town of Kitsault adjacent to a permitted mine site on private property. About Golddigger property The Golddigger property is 100-per-cent controlled and covers an area of 91,518 hectares in a highly prospective geological setting of the Eskay Rift, within three kilometres of the Red Line in the Golden Triangle of British Columbia. This area, in close proximity to the Red Line, has hosted some of Canada's greatest gold mines including Eskay Creek, Premier and Snip. Other significant and well-known deposits in the Golden Triangle include Brucejack, Copper Canyon, Galore Creek, Granduc, KSM, Red Chris and Schaft Creek. Goliath controls 56 kilometres of the Red Line which is a geologic contact between Triassic age Stuhini rocks and Jurassic age Hazelton rocks used as key markers when exploring for gold-copper-silver mineralization. The Surebet discovery has predictable continuity and excellent metallurgy with gold recoveries from gravity and flotation at a 327-micrometre crush of 92.2 per cent including 48.8-per-cent free gold from gravity alone (no cyanide required to recover the gold). The metallurgy completed to date shows no deleterious elements are present (see news release dated March 1, 2023). The property is in an excellent location in close proximity to the communities of Alice Arm and Kitsault where there is a permitted mill site on private property. It is situated on tide water with direct barge access to Prince Rupert (190 kilometres via the Observatory inlet/Portland inlet). The town of Kitsault is accessible by road (190 kilometres from Terrace, 300 kilometres from Prince Rupert) and has a barge landing, dock and infrastructure capable of housing at least 300 people, including high-tension power. Additional infrastructure in the area includes the Dolly Varden silver mine road (only seven kilometres to the east of the Surebet discovery) with direct road access to Alice Arm barge landing (18 kilometres to the south of the Surebet discovery) and high-tension power (25 kilometres to the east of Surebet discovery). The city of Terrace (population 16,000) provides access to railway, major highways and airport with supplies (such as food, fuel and lumber), while the town of Prince Rupert (population 12,000) is located on the West Coast of British Columbia and houses an international container seaport also with direct access to railway and an airport. Qualified person Rein Turna, PGeo, is the qualified person as defined by National Instrument 43-101, for Goliath Resource projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release. Mr. Turna is an independent director of the company. About Goliath Resources Ltd. Goliath Resources is an explorer of precious metals projects in the highly prospective Golden Triangle of northwestern British Columbia. All of its projects are in high-quality geological settings and geopolitical safe jurisdictions amenable to mining in Canada. Goliath is a member and active supporter of CASERM which is an organization that represents a collaborative venture between Colorado School of Mines and Virginia Tech. Goliath's key strategic cornerstone shareholders include Crescat Capital, a global commodity Group (Singapore), McEwen Mining Inc., Waratah Capital Advisors, Rob McEwen, Eric Sprott and Larry Childress. We seek Safe Harbor.