Goliath Resources Limited reported the second batch of assay results of the 2022 drill campaign on the Surebet Zone discovery at its 100% controlled Golddigger Property (the Property), Golden Triangle, B.C. Fifteen (15) out of 16 newly reported holes from within the 1.6 square kilometer area on the Surebet Zone intersected broad intervals of high-grade gold-silver mineralization demonstrating the continuity of this newly discovered large gold system. Assays to date for 66 out of 68 drill holes (97% hit rate) collared within the 1.6 square kilometer area have returned significant gold-silver intervals. Hole numbers GD-22-55 from batch 1 and GD-22-67 from batch 2 set of assays drilled into dykes and did not intersect the Surebet Zone.

Assays have confirmed that the Surebet Zone covers at least 1.6 square kilometers demarked by an area that spans from North Rubble to Pad 1, Pad 11 and Pad A and remains open. Assays for the final 27 drill holes still pending will be included in Batch 3 and are expected to be released in the near future once received, compiled, and interpreted. These holes are from pads 5, 7, 12, 13, Real Deal, West of N.E. Fault and G, which are all located within the 1.6 square kilometer area.

Drill highlights from the second batch of results from the 2022 drill campaign include: hole GD-22-80 collared from Pad 3 (1000 meters step-out to the West from Surebet Main) which intersected high-grade gold mineralization containing 117.21 gpt AuEq (115.00 gpt Au and 28.50 gpt Ag) over 1 meter within 24.64 gpt AuEq (23.17 gpt Au and 6.32 gpt Ag) over 5.00 meters; hole GD-22-70 collared from Pad 8 (750 meters step-out to the West from Surebet Main) which intersected high-grade gold mineralization containing 41.85 gpt AuEq (37.03 gpt Au and 195.37 gpt Ag) over 2.02 meters within 14.66 gpt AuEq (12.93 gpt Au and 69.00 gpt Ag) over 6.00 meters; hole GD-22-72 collared from Pad 10 (600 meters step-out to the West from Surebet Main) which intersected high-grade gold mineralization containing 8.01 gpt AuEq (7.18 gpt Au and 24.60 gpt Ag) over 3.12 meters within 5.37 gpt AuEq (4.76 gpt Au and 18.58 gpt Ag) over 5.07 meters; hole GD-22-86 collared from Pad 10 (600 meters step-out to the West from Surebet Main) which intersected high-grade gold mineralization containing 4.78 AuEq (4.19 gpt Au and 14.41 gpt Ag) over 3.11 meters within 1.83 gpt AuEq (1.58 gpt Au and 6.15 gpt Ag) over 11.11 meters; hole GD-22-56 collared from Midwest Pad (300 meters step-out to the West from Surebet Main) which intersected 5.71 gpt AuEq (4.58 gpt Au and 42.93 gpt Ag) over 3.00 meters within 3.75 gpt AuEq (2.99 gpt Au and 28.27 gpt Ag) over 5.00 meters; and hole GD-22-83 collared from Pad 17 (150 meters South of Surebet Main) which intersected 8.72 gpt AuEq (7.62 gpt Au and 49.45 gpt Ag) over 2.00 meters and 4.20 gpt AuEq (3.66 gpt Au and 23.83 gpt Ag) over 5.00 meters within 2.48 gpt AuEq (2.15 gpt Au and 15.53 gpt Ag) over 10.00 meters. The 2022 and 2021 assay results to date confirmed 66 out of 68 holes (97% hit rate) have intersected strong gold mineralization containing Classic Surebet Zone style of mineralization consisting of galena, sphalerite and pyrrhotite in semi-massive to massive veins, stringers, interstitial within brecciated zones and/or as stringers throughout the core that has visually been confirmed in 92 holes drilled from 20 pads widely spaced over an area of 1.6 square kilometers in the Hazelton sedimentary and volcanic rocks. All 66 holes drilled within the 1.6 square kilometer area during the 2022 drill campaign intersected significant broad intervals containing galena, sphalerite and pyrrhotite, including visible gold.

These drill intercepts visually mirror with the large majority exceeding the intercepts reported in this news release which contained the same mineralization (galena, sphalerite, pyrrhotite) and textures (quartz breccia stockwork/vein) and have confirmed gold and silver assays indicating a large gold mineralized system at Surebet. The presence of gold-mineralized intervals in drill holes collared outside the 1.6 square kilometer area demarking the Surebet Zone (i.e., Pad J, Pad 9, Pad 15, New Gold) is confirmation of a much more extensive gold mineralizing system on the Golddigger property. In preparation for advancing the project towards potential future development of the Surebet Discovery, the Company has initiated an environmental baseline study together with EDI - Environmental Dynamics, a third-party firm specializing in this area of expertise.

Based on data and understanding of the property, Goliath recently more than doubled its land package from 23,859 hectares to 52,756 hectares. The newly staked ground covers key world class geologic terrain on trend for 56 kilometers along the red line providing for tremendous additional discovery potential in vast areas of newly exposed outcropping showings due to recent permanent snow and glacial abatement. The Red Line demarks the contact between rocks of the Stuhini Group and the Hazelton Group, believed to be a key marker within ~2 km of which the majority of the world-class multi-million-ounce deposits in the Golden Triangle are located.

The geologic team is confident that the new tenures have excellent potential to increase the Company's asset value well into the future.