Zodiac Gold releases trenching results at Todi

Executive Summary

• Zodiac Gold Inc. released initial trenching results from the Ben Ben target at its Todi gold project in Liberia, highlighting significant gold intercepts including a standout 30m interval at 1.24 g/t Au.
• The company announced a delay in the completion of its updated NI 43-101 technical report to the final quarter of 2026 to incorporate planned drilling results at Ben Ben, alongside the previously planned Arthington resource estimate.
• The company granted 3,825,000 stock options to directors and officers at an exercise price of 33 cents per option, vesting immediately.

Key Details

• Trenching Results (Ben Ben Target):
  • Completed 345.8 metres of trenching in 2025.
  • Standout result: 30 metres at 1.24 grams per tonne Au (Au), including one metre at 25.1 g/t Au and one metre at 6.61 g/t Au.
  • Trench BBT005 result: 32 metres at 0.56 g/t Au, including 14 metres at 1.08 g/t Au, with a higher-grade interval of one metre at 9.4 g/t Au.
  • Additional intersections in trenches BBT002, BBT003, and BBT005 showed broad zones of lower-grade mineralization ranging from 0.21 to 0.31 g/t Au over widths of 13 to 36 metres.
  • Defined a coherent mineralized zone traceable for 225 metres between trenches and 500 metres along the soil anomaly to the artisanal mining pit.
• Exploration Activities:
  • Commenced a 3,600 metre trenching program along the Ben Ben to Youth Camp trend in February 2026.
  • Commenced drilling to test the zone beneath BBT002 as part of the continuing drilling program at Ben Ben.
• Technical Report Update:
  • Engaged Dr. John Arthur (independent qualified person) to prepare an updated NI 43-101 technical report.
  • Original completion expected Q1 2026; revised to final quarter of 2026.
  • Report will now include results of the planned drilling program at Ben Ben, in addition to the mineral resource estimate on the Arthington discovery and evaluation of exploration targets.
• Stock Option Grant:
  • Granted aggregate of 3,825,000 stock options to directors and officers.
  • Exercise price: 33 cents per option.
  • Vesting: Immediate.
  • Term: 10 years from grant date.
• QA/QC Procedures:
  • Samples taken at 1m intervals in channels along one wall of trench BBT005.
  • 190 samples collected (including QA/QC) from 170 metres.
  • Analysis performed by ALS Geochemistry (Kumasi, Ghana) using 50g fire assay with atomic absorption finish (method Au-AA26).

Notable Quotes

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