Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) is is an explorer of precious metals projects in the prolific 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’s key strategic cornerstone shareholders include Crescat Capital, McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), Mr. Rob McEwen, a Global Commodity Group based in Singapore, Mr. Eric Sprott and Mr. Larry Childress.

The Company is on track with a new discovery “Surebet”, a large high-grade gold system at its 100% controlled Golddigger property that was never drilled before in the Golden Triangle of B.C.; it remains open. The Surebet discovery was never explored or drilled before due to previous glacier and permanent snowpack covering it. The project is located in a world-class geological setting and mining friendly jurisdiction. The Golddigger property sits on tidewater and has excellent infrastructure with a permitted mill site in Kitsault nearby.

The newly discovered Surebet is a very robust and structurally controlled series of 12 high-grade gold veins/shears with superior continuity and predictability hosted within the Hazelton Sediments and Volcanics over a 1.8 square kilometer area. It has 2.1 kilometers of exposed mineralization at surface (1 kilometer of mineralization along strike and 1.1 kilometer of mineralized downdip extent) with 700 meters of vertical relief.

59 out of 64 holes (or 92%) drilled in 2024 contained Visible Gold; all visible to the naked eye and without the need for a hand-lens or microscope that all assayed for high-grade gold including the largest piece drilled to date being 11.5 mm (7/16 inches).

The best hole drilled to date in the shear zones 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 (~true width), 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.

Prior to the mid-2024 exploration season, Goliath was solely focused on the high grade shear zones at Surebet and not focused on the Eocene age (~52 Ma) dykes. These dykes were considered to be barren of any gold mineralization based on the common knowledge narrative from the British Columbia Geological Survey (BCGS), as well as current and past explorers in the Golden Triangle. Goliath is the first ever explorer to discover and document gold mineralization within these types of dykes and this has changed the old school narrative. The Company has drilled into high-grade gold with mineable widths in these dykes and this is a significant new breakthrough discovery and a game changer for Surebet and others exploring in the Golden Triangle. We have been delighted with the interest shown by other companies in the region about the potential for gold mineralization in the Eocene aged dykes. Work done at the Colorado School of Mines included age dating of the veins, dykes as well as the Hyder Pluton to the west which are all very close in age and the time of their emplacement. This suggests a significant possibility for a common magmatic intrusion source near the veins and dykes, which management believes has a good chance of also having high-grade gold mineralization similar to the dykes.

The best hole drilled to date in the Eocene intrusive granitoid feeder dykes is from GD-22-58 previously reported has two separate mineralized intervals within the dyke assaying up to 12.03 g/t AuEq (11.84 g/t Au and 15.61 g/t Ag) over 10.00 (~true width). Microscopic analysis of the hosted gold mineralization in the Eocene intrusive granitoid feeder dykes demonstrates that the gold occurs as native gold and as composite grains with bismuth-telluride phases. Sulfides are only observed very rarely in the dykes, indicating the high-gold grade indicated by assays is likely due to be the result of higher amounts of free gold in this part of the Surebet system.

Goliath Resources Limited is committed to working shoulder to shoulder with its stakeholders to achieve responsible development of its projects, and to contribute to the sustainable development of the communities in which we work. Our work programs are all carefully planned to achieve high levels of environmental and social performance.