Zodiac Gold Announces LIFE Offering of up to C$4.0 Million to Fund a Drill Program at Ben Ben and Accelerate Resource Discovery

On January 13, 2026, Zodiac Gold announced a non-brokered private placement under the Listed Issuer Financing Exemption (LIFE) to raise up to C$4,000,000. The offering consists of units priced at C$0.20, each including a common share and a three-year warrant exercisable at C$0.30. This financing follows the January 7, 2026, announcement that the exclusivity period with Avesoro Resources—the largest gold miner in Liberia—ended without a definitive agreement for the sale of the Todi Project. Zodiac is now pivoting back to a self-funded exploration strategy, focusing on a diamond drilling program at the Ben Ben target and the completion of an updated NI 43-101 technical report.

The impact is Material - Positive primarily because it solves an immediate and dire liquidity crisis. As of the September 30, 2025, financial statements, the company held only $20,650 in cash against $711,859 in accounts payable. - Survival over Synergy: While the failure to close a deal with Avesoro (the logical exit partner) is a fundamental disappointment, the C$4.0M raise allows the company to move from a defensive "wait-and-see" posture to an aggressive exploration phase. - Valuation Benchmarking: The raise at C$0.20 is significantly higher than the C$0.07 level seen in early 2025 but represents a 50% discount from the speculative highs of C$0.40 reached when the Avesoro deal was first teased in October 2025. - Insider Validation: The participation of Brett Richards (Advisory Board) in the LIFE offering provides a necessary signal of confidence to the market after the "Related Party" debt settlements and the failed M&A.

Zodiac Gold is focused on the Todi Gold Project in Liberia, covering a 16km gold-in-soil anomaly. - Flagship Project: Todi Gold Project (Arthington and Ben Ben targets). - Arthington Status: Advanced exploration with 39 holes drilled; 37 hit mineralization. Highlights include 18m at 4.67 g/t Au. - Ben Ben Status: Early stage, currently the focus of the new C$4M drill program following positive trench results. - Other Assets: Significant iron ore potential (Bomi South/Bong West) with a non-binding term sheet previously signed with Vitol for marketing.