Goliath Resources Limited reported assay results for drill holes GD-23-161, GD-23-165, GD-23-180, GD-23-184 and GD-23-203 from the Surebet Discovery at its 100% controlled Golddigger Property (the ?Property?), Golden Triangle, British Columbia. All five holes intersected broad intervals of significant quartz-sulphide mineralization and widespread Visible Gold occurrences. Hole GD-23-180 is the highest-grade interval intercepted to date on the property with a 513 gram*meter AuEq result, comprised of 65.00 g/t AuEq (64.88 g/t Au and 8.03 g/t Ag) over 7.90 meters* including 86.99 g/t AuEq (86.84 g/t Au and 6.52 g/t Ag) over 5.90 meters* and 186.31 g/t AuEq (186.02 g/t Au and 13.29 g/t Ag) over 2.75 meters*.

GD-23-180 collared from Pad 16 intercepted numerous occurrences of Visible Gold and strong sulphides mineralization in quartz-stockwork and veins corresponding to the Bonanza Shear. The mineralized interval consists of 65.00 g/t AuEq (64.88 g/t Au and 8.03 g/t Ag) over 7.90 meters* including 86.99 g/t AuEq (86.84 g/t Au and 6.52 g/t Ag) over 5.90 meters* and 186.31 g/t AuEq (186.02 g/t Au and 13.29 g/t Ag) over 2.75 meters*. This intercept is characterized by a quartz-sulphide stockwork with stringer to semi-massive pyrrhotite (up to 1%), galena (up to 1%), and sphalerite (up to 1%), generally concentrated in quartz veins.

Multiple elongated Visible Gold grains up to 11 mm in length were identified within this hole. GD-23-165 collared from Cliff Pad intercepted numerous occurrences of Visible Gold and significant quartz-sulphide mineralization as massive to semi-massive and stockwork galena (up to 2%), sphalerite (up to 1%), and pyrrhotite (up to 3%). The first intercept interpreted as a splay of the Surebet Zone consists of 5.30 g/t AuEq (5.15 g/t Au and 10.35 g/t Ag) over 1.07 meters*.

The second mineralized interval is interpreted to be part of the Surebet Zone consisting of 8.01 g/t AuEq (6.63 g/t Au and 54.63 g/t Ag) over 4.00 meters* within 5.42 g/t AuEq (4.47 g/t Au and 37.88 g/t Ag) over 6.00 meters*. GD-23-203 collared from Pad 8 (located 600 m to the northwest of Pad 16) intercepted numerous occurrences of Visible Gold and quartz-sulphide mineralization in 3 significant mineralized intervals. The first interval interpreted as a splay of the Surebet Zone and consists of 6.52 g/t AuEq (3.91 g/t Au and 86.00 g/t Ag) over 3.00 meters* within 3.79 g/t AuEq (2.13 g/t Au and 63.06 g/t Ag) over 7.00 meters*.

The second interval correlating with the Surebet Zone consists of 5.16 g/t AuEq (4.87 g/t Au and 4.72 g/t Ag) over 4.00 meters* including 6.84 g/t AuEq (6.47 g/t Au and 6.03 g/t Ag) over 3.00 meters*. The third interval correlating with the Bonanza Shear consists of 6.84 g/t AuEq (6.47 g/t Au and 6.03 g/t Ag) over 3.00 meters*. Mineralization consists of stringers and aggregations of sphalerite (up to 1%), galena (up to 1%), and pyrrhotite (up to 2%).

GD-23-161 collared from Pad 16 intercepted multiple occurrences of Visible Gold and significant quartz-sulphide mineralization in 3 broad mineralized intervals. The first interval correlating with the Bonanza Shear consists of 5.32 g/t AuEq (5.03 g/t Au and 10.11 g/t Ag) over 3.83 meters*within 4.40 g/t AuEq (4.14 g/t Au and 9.08 g/t Ag) over 4.67 meters*. The second interval is interpreted as a splay of the Bonanza Shear and consists of 4.80 g/t AuEq (4.56 g/t Au and 15.68 g/t Ag) over 3.00 meters*.

The third interval is interpreted as a splay of the Bonanza Shear and intersected 4.09 g/t AuEq (3.88 g/t Au and 4.68 g/t Ag) over 4.00 meters*. In all the three mineralized intervals, mineralization is observed as semi-massive to stringer pyrrhotite (up to 5%), sphalerite (up to 2%), and disseminated to patchy galena (up to 1%). GD-23-184 collared from Pad 16 intercepted multiple occurrences of Visible Gold and quartz-sulphide mineralization.

The mineralized interval is interpreted as a splay of the Bonanza Shear and intersected 3.68 g/t AuEq (3.66 g/t Au and 0.41 g/t Ag) over 3.00 meters*. The observed mineralization ranges from stringers to stockwork and massive pyrrhotite (up to 4%), sphalerite (up to 1%) and galena (up to 1%). The occurrence of Visible Gold has previously been independently confirmed in 2022 by the Colorado School of Mines with whom the Company is collaborating on a project aimed at determining the origin and evolution of the gold mineralizing fluids at Surebet.

Goliath has partnered with domain experts such as Dr. Quinton Hennigh and Dr. Thomas Monecke from the Colorado School of Mines. The Company has also partnered with consulting firms that include SRK Consulting (Canada) Inc., Archer, Cathro & Associates (1981) Limited, and Oriented Targeting Solutions LLC (OTS), to analyze an extensive array of geological datasets spanning drilling, mapping, drone photogrammetry and remote sensing data to interpret the presence of an Intrusion-Related Gold Deposit. Golddigger Property The Golddigger Property is 100 % controlled covering an area of an area of 61,685 hectares (152,427 acres) and is in the world class geological setting of the Eskay Rift within the Golden Triangle of British Columbia and within 3 kilometers of the ?Red Line?

that is host to multiple world class deposits. The Surebet discovery has exceptional metallurgy with gold recoveries of 92.2% inclusive of 48.8% free gold from gravity alone at a 327-micrometer crush (no deleterious elements and no cyanide required to recover the gold based on metallurgical work completed to date). Its is in an excellent location close in proximity to the communities of Alice Arm and Kitsault where there is permitted mill site on private property.

It is situated on tide water with direct barge access to Prince Rupert (190 kilometers via the Observatory inlet/Portland inlet). The town of Kitsault is accessible by road (190 kilometers from Terrace, 300 kilometers from Prince Rupert) and has a barge landing, dock, and infrastructure capable of housing at least 300 people, including high-tension power. Additional infrastructure in the area includes the Dolly Varden Silver Mine Road (only 7 kilometers to the East of the Surebet discovery) with direct road access to Alice Arm barge landing (18 kilometers to the south of the Surebet discovery) and high-tension power (25 kilometers to the East of Surebet discovery).

The city of Terrace (population 16,000) provides access to railway, major highways, and airport with supplies (food, fuel, lumber, etc.), while the town of Prince Rupert (population 12,000) is located on the west coast and houses an international container seaport also with direct access to railway and an airport with supplies.