| ▪ Assays are still pending for 70 holes from this year’s exploration campaign, of which 55 (representing 79% of the total pending) contain up to 12 occurrences of visible gold to the naked eye (VG-NE); see images and table below. |
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| ▪ The high-grade gold-mineralization seen in the Bonanza Zone (a series of stacked veins dipping to the southeast) has been expanded by drilling to 1.25 km along its east-west orientation that remains open for expansion, and to the northwest where Bonanza extends for 580 meters that also remains open for expansion. Continuity of strong gold mineralization (as can be seen in the widespread distribution of VG-NE heat map below), has also been confirmed by drilling in the higher up Surebet Zone (a series of stacked veins dipping to the southwest) that extends for 1.2 km in a southwest-northeast direction and remains open for expansion. Desirable continuity, widths and grades demonstrated by drilling in multiple lodes shows this extensive 1.8 km2 gold system continues to demonstrate strong potential to become one of the most significant gold discoveries in British Columbia’s Golden Triangle in many years. Positive results received to date vector to targets that remain open with excellent expansion potential.. |
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| ▪ Drill hole GD-25-383 intersected 7.28 g/t Au over 8.00 meters, within 5.85 g/t Au over 10.00 meters. The same interval also includes 9.20 g/t over 5.92 meters as well as 12.75 g/t Au over 4.02 meters, containing multiple occurrences of VG-NE within an Eocene-aged Reduced Intrusion Related Gold (RIRG) dyke that remains open. The intercepts are 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. |
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| ▪ Drill hole GD-25-311 intersected two gold-rich veins, including 15.13 g/t Au over 3 meters from a section of quartz-sulphide veining with multiple occurrences of VG-NE corresponding to the Bonanza Zone that remains open, as well as 2.6 g/t Au over 4.01 meters corresponding to the Surebet Zone that remains open. The intercepts are 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. |
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| ▪ Drill hole GD-25-370 intersected three gold-rich veins in the Bonanza Zone that remains open assayed up to 5.66 g/t Au over 5.05 meters, including 9.24 g/t Au over 3.05 meters from a zone of strong quartz sulphide veining and breccia with numerous occurrences of VG-NE. The intercepts are 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. |
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| ▪ Drill hole GD-25-387 intersected 4.05 g/t Au over 6.13 meters, including 5.36 g/t Au over 4.15 meters from a zone containing substantial quartz-sulphide mineralization corresponding to the Bonanza Zone that remains open. The intercepts are 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. |
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| ▪ Drill hole GD-25-385 intersected 6.59 g/t Au over 4 meters, including 8.4 g/t Au over 3.13 meters from a series of quartz-sulphide veins and breccias belonging to the Surebet Zone that remains open. The intercepts are 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). |
| ▪ Drill hole GD-25-398 intersected two gold rich veins corresponding to the Bonanza Zone that remains open. The first interval assayed 5.41 g/t Au over 4.64 meters within 3.73 g/t Au over 6.77 meters and the second interval assayed 2.68 g/t Au over 3.00 meters. These intercepts are 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). |
| ▪ Drill hole GD-25-378 intersected two gold rich veins. The first assayed 4.83 g/t Au over 4.54 meters, including 6.28 g/t Au over 3.44 meters part of the Bonanza Zone that remains open where multiple occurrences of VG-NE were observed. The second interval was in the Surebet Zone that remains open that assayed 2.49 g/t Au over 9.12 meters. The intercepts are 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). |
| ▪ Drill hole GD-25-410 intersected 4.18 g/t Au over 5.14 meters, including 5.28 g/t Au over 4.06 meters in an interval of strong quartz-sulphide mineralization containing multiple occurrences of VG-NE located in the eastern most part of the system which extends the Bonanza Zone to 1.25 km and remains open. The intercepts are 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). |
| ▪ Drill hole GD-25-356 intersected part of the Bonanza Zone that remains open where multiple occurrences of VG-NE have been observed in an interval that assayed 4.98 g/t over 3.87 meters. The intercepts are 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). |
| ▪ Drill hole GD-25-376 intersected 4.32 g/t Au over 4.2 meters, including 5.47 g/t Au over 3.2 meters corresponding to the Surebet Zone that remains open where multiple occurrences of VG-NE were observed, as well as 3.55 g/t Au over 3.93 meters corresponding to the Bonanza Zone that remains open. The intercepts are 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). |
| ▪ High-grade gold has been identified in three distinct rock packages discovered to date at the Surebet Discovery. 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 mineralized rock types contain substantial amounts of VG-NE (from fine-grained to coarse-grained gold) and remain 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 recently completed 2025 drill campaign significantly exceeded the initial plans of 40,000 meters for a total of 64,364 meters of systematic drilling with 9 drill rigs. 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. VG-NE was observed in 83 drill holes out of 110 (or 76%) completed in 2025. 92% of the holes (355 out of 386) drilled to date at the Surebet Discovery contain VG-NE (see heat map below). |
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| ▪ The Surebet Discovery has widespread drill holes representing more than 600 pierce points over an area of 1.8 km2 within 12 gold-mineralized veins, returning high metal values showing it has the potential to become one of the most significant gold discoveries in British Columbia’s Golden Triangle in many years. |
| Toronto, Ontario – December 2, 2025 – Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”)is pleased to announce 10 additional assay results from its 2025 drill program where drill hole GD-25-383 intersected 7.28 g/t Au over 8.00 meters, within 5.85 g/t Au over 10.00 meters. The same interval also includes 9.20 g/t over 5.92 meters as well as 12.75 g/t Au over 4.02 meters, containing multiple occurrences of VG-NE within a zone of strong quartz-sulphide veining part of the Surebet Zone that remains open at the Surebet Discovery on its 100% controlled Golddigger Property (the “Property”), Golden Triangle, British Columbia. Assays are still pending for 70 holes from this year’s exploration campaign, of which 55 (representing 79% of the pending holes) contain up to 12 occurrences of VG-NE; see images above and table below. The high-grade gold-mineralization seen in the Bonanza Zone has been expanded by drilling to 1.25 km along its east-west orientation that remains open for expansion, and also to the northwest where Bonanza extends for 580 meters and remains open for expansion. Continuity of strong gold mineralization has also been confirmed by drilling in the higher up Surebet Zone that extends for 1.2 km in a southwest-northeast direction and remains open for expansion. The continuity, widths and grades demonstrated by drilling in multiple lodes shows this extensive 1.8 km2 gold system continues to demonstrate strong potential to become one of the most significant gold discoveries in British Columbia’s Golden Triangle in many years. The strong results received to date vector to targets that remain open with excellent expansion potential. The strong gold-mineralization in the Bonanza Zone has been expanded in the third dimension to 1.25 km along its east-west orientation, while the northwest extent of 580 meters has been confirmed with additional drill holes in the third dimension and remains open, the series of stacked veins (at the Bonanza Zone and Surebet Zone) has a vertical relief of 800 meters and contains widespread VG-NE. Continuity of strong gold mineralization has been confirmed in the Surebet Zone that extends for 1.2 km in a southwest-northeast direction and remains open. The continued extent, continuity and grade of mineralization in the Surebet System shows it has the potential to become one of the most significant gold discoveries in British Columbia’s Golden Triangle in many years, providing for strong expansion potential in 2026. Remaining drill results from the 2025 drill season have the potential to provide desirable widths, grades and continuity observed thus far. 100% of the drill holes completed to date on Surebet have intersected substantial quartz-sulphide mineralization as well as 83 of the 110 drill holes (or 76%) from 2025 contain gold visible to the naked eye (VG-NE) clearly demonstrating the discovery potential remaining on the property. |
| Dr. Quinton Hennigh, Geologic & Technical Advisor to Crescat Capital, a strategic investor in Goliath, states: “With every newly reported gold intercept, the picture that is emerging at Goliath’s Surebet project is continually being enhanced with respect to both consistency and scale of this remarkable quartz-sulfide lode system. Over and over, we are seeing strong gold grades across stout lode thickness, commonly exceeding 4 meters true width. This bodes well for potentially employing bulk, cost effective mining techniques. Also important, given that the Surebet gold system is comprised of a network of stacked quartz-sulfide lodes, tonnages can build up quickly with these sorts of lode thicknesses. Updated models of the Surebet lode network such as those presented in this news release illustrate this potential quite well. The 2025 drill program continues to strengthen the Surebet story in every respect.” |
| Mr. Roger Rosmus, Founder & CEO of Goliath states: “The Surebet discovery is rapidly emerging as a high-grade gold system in the Golden Triangle. As can be seen by the widespread VG-NE over a vast area, contained within a series of stacked, gently dipping veins that remain open and are expanding with every drill hole. One series of stacked veins in the Surebet Zone dip in the southwest direction, while the series of stacked veins at the Bonanza Zone dip in the southeast direction. Which opens up the possibility that they are coming from two separate sources approximately 4,000 metres, or more, apart. Additionally, the vertical RIRG Eocene-aged dykes could be coming off a large magma chamber underlying the entire gold mineralizing system. In future drilling we need to continue following the Surebet Zone stacked veins to the southwest and the Bonanza Zone to the southeast, plus explore deeper for the magmatic source to determine if there are more than one source or one common source. What we have discovered through drilling, so far, is located within a mountain and as we follow the high-grade gold system deeper we can drill from the valley floor to drill for the source of the stacked gently dipping veins and vertical RIRG Eocene-aged dykes. Another exciting element is that at the top of the mountain the VG-NE is fine-grained and sporadic, it then quickly transitions into abundant fine-grained VG-NE, then deeper transitions into coarse-grained and abundant VG-NE. Which helps us to follow the system deeper for the source to assess the abundance of coarse-grained VG-NE. More work is needed to expand toward the limits of the various zones, but our team couldn’t be more enthusiastic with what we have found which is emerging as a rare high-grade gold discovery. Once we have all the assays from this year’s campaign, we will continue to update our 3D models along with advanced analysis at the Colorado School of Mines. We believe the Surebet discovery continues to demonstrate it’s quickly becoming one of the most significant high-grade gold discoveries in British Columbia’s Golden Triangle in many years.” |
| Table 1: Collar information for VG-NE drill holes reported in this news release. |
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| 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 for 70 holes from this year’s exploration campaign, of which 55 (representing 79% of the total pending) contain up to 12 occurrences of visible gold to the naked eye (VG-NE) . See news releases dated: November 17, 2025, October 27, 2025, September 22, 2025, September 8, 2025, August 26, 2025, and July 28, 2025. ● 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. See news releases dated: July 7, 2025, June 23, 2025, January 7, 2025, January 13, 2025, February 10, 2025, February 18, 2025, February 27, 2025, December 12, 2024 and July 30, 2024. ● 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). More details on the QA/QC protocol can be found in the section titled “QA/QC Protocol” below. ● 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). More details on the QA/QC protocol can be found in the section titled “QA/QC Protocol” below. ● 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). More details on the QA/QC protocol can be found in the section titled “QA/QC Protocol” below. ● 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, and is fully funded for a large (40k – 50k) drill program in 2026. 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. |
| Link To Complete News Release: Click Here |
