Goliath Reports 10 High-Grade Holes Up To 7.28 g/t Au Over 8.00 Meters Within 5.85 g/t Au Over 10.00 Meters In RIRG Dyke (417m - 427m downhole and 500m Above Valley Floor) At The 1.8 Km2 Surebet Discovery That Remains Open, Golddigger Property, Golden Tri

The most recent news, dated December 2, 2025, reports assay results for 10 additional drill holes from the 2025 exploration program at the Surebet discovery on its Golddigger Property. Key intercepts include: - Hole GD-25-383 intersected 5.85 g/t Au over 10.00 meters, which includes a higher-grade section of 7.28 g/t Au over 8.00 meters. This intercept was notably within an Eocene-aged Reduced Intrusion Related Gold (RIRG) dyke. - Hole GD-25-311 hit a bonanza-grade interval of 15.13 g/t Au over 3.00 meters in the Bonanza Zone. - Multiple other holes returned strong intercepts such as 5.66 g/t Au over 5.05 meters (GD-25-370) and 6.59 g/t Au over 4.00 meters (GD-25-385).

The company also confirmed it has completed 64,364 meters of drilling in 110 holes for the 2025 season, significantly exceeding its upsized 60,000-meter plan. Assays for 70 holes remain pending, with the company noting that 55 of these (79%) contain visible gold observed with the naked eye (VG-NE). Management and technical advisors emphasized that the results continue to demonstrate consistency, scale, and the potential for bulk mining techniques. All zones of mineralization remain open for expansion.

The news is Materially Positive. It continues a year-long trend of delivering high-grade, wide gold intercepts that confirm and expand the Surebet discovery. While not a singular "game-changing" result like the hole reported in January 2025 (GD-24-260: 34.52 g/t AuEq over 39m), these results are highly significant for several reasons: - Confirmation of Model: The high-grade intercept within an RIRG dyke (GD-25-383) provides further validation of the company's geological model, which posits these dykes as being an important part of the mineralizing system and potential feeders from a deeper "Motherlode" source. - Demonstrates Continuity and Scale: The consistent results across multiple holes and zones (Surebet, Bonanza) continue to build confidence in the continuity and large scale of the 1.8 km² system. This is crucial for de-risking the project and building towards a potential mineral resource estimate. - Operational Execution: The company successfully completed a massive 64,364-meter drill program, exceeding its own ambitious, upsized targets. This demonstrates strong operational capability in challenging terrain.

However, from a critical standpoint, the market has already priced in significant exploration success, with the stock having appreciated substantially over the past year on the back of similar news releases. The current results, while excellent, are in line with the high expectations the company has set. The key risk and catalyst now lie with the 70 pending drill holes, for which the company has already flagged a very high incidence of visible gold. This sets the bar exceptionally high, creating significant expectation risk. Failure to deliver spectacular grades from these holes could lead to disappointment, regardless of how solid the results are in absolute terms.

Goliath Resources Limited is a precious metals exploration company focused on its 100%-owned Golddigger Property, located in the prolific Golden Triangle of northwestern British Columbia. The flagship project is the Surebet discovery, a large-scale, high-grade, gold-silver system discovered in 2021. The company has since defined a 1.8 km² mineralized footprint containing at least 12 stacked, gently-dipping veins as well as near-vertical mineralized RIRG feeder dykes. The system remains open in all directions.