| ▪ Assays are still pending for 84 holes from this years drilling, of which 66 representing 79% contain visible gold to the naked eye (VG-NE). ▪ Assays are still pending for 84 holes from this years drilling, of which 66 representing 79% contain visible gold to the naked eye (VG-NE). |
| ▪ Drill hole GD-25-372 intersected 10.72 g/t Au over 7.83 meters, including 20.37 g/t Au over 4.10 meters containing multiple occurrences of visible gold to the naked eye (VG-NE). Within a zone of strong quartz-sulphide veining hosted in the andesite unit belonging to the Bonanza Zone that remains wide open. The intercept is approximately true width, and these assays reflect gold only (AuEq value in the interval will be adjusted accordingly once Ag, Cu, Pb and Zn are received); see images below. ▪ Drill hole GD-25-372 intersected 10.72 g/t Au over 7.83 meters, including 20.37 g/t Au over 4.10 meters containing multiple occurrences of visible gold to the naked eye (VG-NE). Within a zone of strong quartz-sulphide veining hosted in the andesite unit belonging to the Bonanza Zone that remains wide open. The intercept is approximately true width, and these assays reflect gold only (AuEq value in the interval will be adjusted accordingly once Ag, Cu, Pb and Zn are received); see images below. |
| ▪ Drill hole GD-25-373 intersected 6.30 g/t Au over 7.50 meters, including 10.11 g/t Au over 4.67 meters, part of a zone of quartz-sulphide veining hosted in the sandstone unit corresponding to the Surebet Zone that remains wide open. The intercept is approximately true width, and these assays reflect gold only (AuEq value in the interval will be adjusted accordingly once Ag, Cu, Pb and Zn are received); see image below. ▪ Drill hole GD-25-373 intersected 6.30 g/t Au over 7.50 meters, including 10.11 g/t Au over 4.67 meters, part of a zone of quartz-sulphide veining hosted in the sandstone unit corresponding to the Surebet Zone that remains wide open. The intercept is approximately true width, and these assays reflect gold only (AuEq value in the interval will be adjusted accordingly once Ag, Cu, Pb and Zn are received); see image below. |
| ▪ Drill hole GD-25-324 intersected 6.11 g/t Au over 7.65 meters, including 8.04 g/t Au over 5.79 meters, from an interval corresponding to the Surebet Zone, containing VG-NE in quartz-sulphide veins. The intercept is approximately true width, and these assays reflect gold only (AuEq value in the interval will be adjusted accordingly once Ag, Cu, Pb and Zn are received); see image below. ▪ Drill hole GD-25-324 intersected 6.11 g/t Au over 7.65 meters, including 8.04 g/t Au over 5.79 meters, from an interval corresponding to the Surebet Zone, containing VG-NE in quartz-sulphide veins. The intercept is approximately true width, and these assays reflect gold only (AuEq value in the interval will be adjusted accordingly once Ag, Cu, Pb and Zn are received); see image below. |
| ▪ Drill hole GD-25-370 intersected two broad intervals of gold mineralization. The first assayed 2.20 g/t Au over 22.00 meters, including 4.63 g/t Au over 4.99 meters. The second assayed 4.58 g/t Au over 5.00 meters. From a zone of strong quartz-sulphide stockwork hosted in the andesite unit with multiple occurrences of VG-NE corresponding to the Bonanza Zone. The intercept is approximately true width, and these assays reflect gold only (AuEq value in the interval will be adjusted accordingly once Ag, Cu, Pb and Zn are received); see image below. ▪ Drill hole GD-25-370 intersected two broad intervals of gold mineralization. The first assayed 2.20 g/t Au over 22.00 meters, including 4.63 g/t Au over 4.99 meters. The second assayed 4.58 g/t Au over 5.00 meters. From a zone of strong quartz-sulphide stockwork hosted in the andesite unit with multiple occurrences of VG-NE corresponding to the Bonanza Zone. The intercept is approximately true width, and these assays reflect gold only (AuEq value in the interval will be adjusted accordingly once Ag, Cu, Pb and Zn are received); see image below. |
| ▪ Drilling was focused on expanding the Surebet high-grade gold discovery and has intersected high-grade gold mineralization in multiple drill holes along 580 meters of strike. Delineating broad zones of high-grade gold mineralization within the Surebet-Bonanza intersection domains confirming excellent grades, widths and continuity. As demonstrated by drill results to date where 30 holes in the Surebet system have >1 oz/t Au (31.1 g/t Au) intervals and remain wide open (see image below). ▪ Drilling was focused on expanding the Surebet high-grade gold discovery and has intersected high-grade gold mineralization in multiple drill holes along 580 meters of strike. Delineating broad zones of high-grade gold mineralization within the Surebet-Bonanza intersection domains confirming excellent grades, widths and continuity. As demonstrated by drill results to date where 30 holes in the Surebet system have >1 oz/t Au (31.1 g/t Au) intervals and remain wide open (see image below). |
| ▪ High-grade gold has been identified in three distinct rock packages discovered to date on Surebet. This includes the gently dipping gold-rich stacked quartz-sulphide breccias/stockwork veins; the gold-rich intermediate to felsic Eocene-aged Reduced Intrusive Related Gold (RIRG) dykes; and the recently discovered broad gold-rich zones of calc-silicate altered breccia. All of which contain substantial amounts of VG-NE (from fine-grained to coarse-grained gold) and remain wide open for expansion. This confirms the presence of a Motherlode magmatic source at depth, a causative intrusion responsible for the extensive 1.8 km2 high-grade gold system at Surebet. ▪ High-grade gold has been identified in three distinct rock packages discovered to date on Surebet. This includes the gently dipping gold-rich stacked quartz-sulphide breccias/stockwork veins; the gold-rich intermediate to felsic Eocene-aged Reduced Intrusive Related Gold (RIRG) dykes; and the recently discovered broad gold-rich zones of calc-silicate altered breccia. All of which contain substantial amounts of VG-NE (from fine-grained to coarse-grained gold) and remain wide open for expansion. This confirms the presence of a Motherlode magmatic source at depth, a causative intrusion responsible for the extensive 1.8 km2 high-grade gold system at Surebet. |
| ▪ The completed and fully funded 2025 drill campaign significantly exceeded the initial plans, for a total of 64,364 meters of systematic drilling with 9 drill rigs. The campaign aimed at expanding the geometry of the Surebet Discovery laterally and to depth. 100% of the drilling was focused on the Surebet Discovery, where the Company designed a detailed campaign that tested for the Motherlode intrusive gold source, the mineralized RIRG Eocene-aged dykes, infill drilling within the known stacked veins, as well as expanding the known mineralized veins laterally and to depth. ▪ The completed and fully funded 2025 drill campaign significantly exceeded the initial plans, for a total of 64,364 meters of systematic drilling with 9 drill rigs. The campaign aimed at expanding the geometry of the Surebet Discovery laterally and to depth. 100% of the drilling was focused on the Surebet Discovery, where the Company designed a detailed campaign that tested for the Motherlode intrusive gold source, the mineralized RIRG Eocene-aged dykes, infill drilling within the known stacked veins, as well as expanding the known mineralized veins laterally and to depth. |
| ▪ 100% of the drill holes completed to date on Surebet have intersected substantial quartz-sulphide mineralization and 76% of 110 drill holes totaling 83 completed in 2025 contain VG-NE. This clearly demonstrates the continuity and predictability of this expansive gold-rich system. ▪ 100% of the drill holes completed to date on Surebet have intersected substantial quartz-sulphide mineralization and 76% of 110 drill holes totaling 83 completed in 2025 contain VG-NE. This clearly demonstrates the continuity and predictability of this expansive gold-rich system. |
| ▪ 92% of the holes (355 out of 386) drilled to date at Surebet contain VG-NE (see heat map below). ▪ 92% of the holes (355 out of 386) drilled to date at Surebet contain VG-NE (see heat map below). |
| ▪ The Surebet Discovery has widespread drill holes representing more than 600 pierce points over an area of 1.8 km2 or greater than half the size of Central Park, New York City, returning high metal values showing it has the potential to be an important grassroots high-grade gold discovery in the Golden Triangle. ▪ The Surebet Discovery has widespread drill holes representing more than 600 pierce points over an area of 1.8 km2 or greater than half the size of Central Park, New York City, returning high metal values showing it has the potential to be an important grassroots high-grade gold discovery in the Golden Triangle. |
| Toronto, Ontario – October 27, 2025 – Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is pleased to announce additional assay results from its 2025 drill program where drill hole GD-25-372 intersected 10.72 g/t Au over 7.83 meters, including 20.37 g/t Au over 4.10 meters at the Surebet Discovery on its 100% controlled Golddigger Property (the “Property”), Golden Triangle, British Columbia. 100% of the drill holes completed to date on Surebet have intersected substantial quartz-sulphide mineralization as well as 76% or 83 of the 110 drill holes from 2025 contain gold visible to the naked eye (VG-NE) clearly demonstrating the discovery potential remaining on the property. The intercepts reported are approximately true width and reflect gold only assays (AuEq values will be adjusted accordingly once Ag, Cu, Pb and Zn are received). Assays are still pending for 84 holes from this years drilling. Assays are still pending for 84 holes from this years drilling, of which 66 representing 79% contain VG-NE. |
| Dr. Quinton Hennigh, Geologic & Technical Advisor to Crescat Capital and Goliath, states: “This year, Goliath started its drill season with a well planned drill program designed to infill and grow the expansive high-grade lode system at Surebet. The Company executed this work with precision and efficiency. Now, we get to see the results, strong and thick intercepts of gold mineralization that continues to build more continuity in key quartz-sulfide lodes including Bonanza and Surebet. Thicknesses and grades of intervals reported in this release bode well for potential bulk underground mining. While silver and base metal results are still awaited, the gold results alone are strong. We look forward to seeing many more such results return over coming months.” |
| Mr. Roger Rosmus, Founder & CEO of Goliath states: “We recently wrapped up our 2025 drilling season and have submitted all our drill hole samples to the lab for assaying. So far, we have only reported 26 out of 110 holes with 84 holes remaining to be announced of which 66 representing 79% contain VG-NE in the news pipeline. Every season, since the discovery, this grassroots project has continued to expand. Considering that we have drilled over 156,000 meters to date, we still see all of the various zones in three distinct rock packages with widespread dissemination of VG-NE that remains open. The Company is fully funded for the 2026 drill program. We look forward to announcing the balance of our assay results once they are received, compiled and interpreted.” |
| Surebet Discovery Highlights ● 83 out of 110 holes (or 76%) drilled in 2025 contain VG-NE and 100% of drill holes have intersected substantial quartz-sulphide mineralization. Assays are still pending on 84 holes of which 66 representing 79% contain VG-NE. ● 60 out of 64 holes (or 94%) drilled in 2024 contain VG-NE up to 11.5 mm (7/16 inches) in size, all of which returned high-grade gold. ● 92% of the holes (355 out of 386) drilled to date at Surebet contain VG-NE (see heat map above). ● 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 meters, including 132.93 g/t AuEq (132.78 Au and 12.98 Ag) over 10.00 meters, and 166.04 g/t AuEq (165.84 Au and 16.07 Ag) over 8.00 meters (see news release dated January 13, 2025). ● The best hole drilled to date from the RIRG Eocene-aged dykes 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 meters including 19.91 g/t AuEq (19.62 g/t Au and 25.61 g/t Ag) over 6.00 meters, including 23.82 g/t AuEq (23.47 g/t Au and 30.54 g/t Ag) over 5.00 meters, 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 meters (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 meters, including 15.19 g/t Au over 15.71 meters, including two separate intervals consisting of 37.28 g/t Au or 1.20 oz/t Au over 3.36 meters and 36.11 or 1.16 oz/t Au over 3.08 meters. The intercept is approximately true width, and these assays reflect gold only (AuEq value in the interval will be adjusted accordingly once Ag, Cu, Pb and Zn 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 dykes, Goldilocks Zones where the veins and vertical RIRG dykes 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 increases 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 kilometers at the Surebet discovery, have been enhanced by four high-grade RIRG Eocene-aged dykes that are up to 25 meters wide and exposed along strike at surface for up to 1,500 meters 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 km2 that is greater than half the size of Central Park in New York City and remains open in all directions. ● Thanks to the mountainous topography, mineralization in the veins is exposed on the surface for 2.1 km of strike (1.0 km on the south slope and 1.1 km on the north slope) with a vertical relief of 700 meters. ● 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 untapped discovery potential to increase tonnage and gold content in the various known rock packages. Until this study, researchers and explorers in the Golden Triangle had not recognized the high-grade gold discovery potential in the Eocene-aged RIRG dykes (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 over 156,000 meters with over 600 pierce points in the Surebet Discovery located at the Golddigger property between 2021 and 2025. ● The Surebet Discovery has predictable continuity and good metallurgy with gold recoveries of 92.2% from gravity and flotation at a 327-micrometer crush including 48.8% 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 kilometers of key terrain of the Red Line geologic trend providing for additional 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 Goliath Resources Limited 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 recently completed its largest fully funded drill campaign to date for a total of 64,364 meters in 2025. The Company’s key strategic cornerstone shareholders include Crescat Capital, a Global Commodity Group (Singapore), McEwen Inc. (NYSE: MUX) (TSX: MUX), Waratah Capital Advisors, Mr. Rob McEwen, Mr. Eric Sprott and Mr. Larry Childress. |
