Zodiac Gold Inc. reported positive initial results from its Phase II Drill Program consisting of assay results from three recently completed diamond drill holes at the Company's Arthington Target. The Arthington Target is posi oned within an 18.5 km long district-scale mineraliza on trend and is one of the five high-priority, mul-kilometer drill-ready targets situated within the 2,316 km2 Todi gold project (the "Todi Project") located in the Republic of Liberia, West Africa. In 2022, the Company completed a 3,465m Phase I Drill Program targe ng an 800m strike at Arthington which intersected mul ple intervals of gold mineraliza on in 20 of 22 holes including the highest-grade interval drilled to date: AD007, which intersected 7.5 g/t over 9.65m from 87.35m.

Phase II Drill Program Initial Results. The Company is currently conducted a 2,000m Phase II Drill Program at Arthington targe ng Garang Base, Red Hill, & Deep Mine. The Company reported assay results from an all three drill holes (ADD23, ADD24, & ADD25) which successfully intercepted multiple intervals of shear zone-hosted gold mineralization enlarging the known mineralization footprint from Red Hill to 400 meters southeast towards the Garang Base target.

These three initial drill holes revealed shear-hosted gold mineralization with intercepts cutting through multiple shallowly dipping mineralized zones associated with shears across a 300m wide corridor of the Arthington Shear Zone. Arthington has delivered some significant gold intercepts thus far and with each drill hole, its potential continues to grow. Highlights from the initial Phase II drill program include: Significant intercepts at the Arthington Target.

Hole ID, From (m), To (m), Average Au (g/t), ADD023, 34.00, 46.00, 12.00, 0.59, ADD023, 48.72, 57.00, 8.28, 0.75, ADD023, 115.38, 118.05, 2.67, 3.24, ADD024, 93.30, 119.20, 25.90, 2.10, including, 95.00, 104.14, 4.20, 4.20, 4.,20, 1.23, including, 81.00, 83.81, 2.81, 2.95, 2.70, 1.00, 1.41, ADD025, 71.23, 73.42, 2.19, 1.35, ADD025, 96.00, 3.85, ADD025, 103.00, 114.60, 0.85, ADD025, 170.00, 180.00, 10.53. Significant intersections have been determined as intervals above 0.2 g/t Au with a minimum length of 1m and a maximum of 2m of consecutive samples below 0.2 g/t gold. The drilling program at Arthington was conducted by a Fordia Eider 2000 diamond drill rig with HQ and NQ diameter core.

Core recoveries were excellent throughout the program approaching 100%. Drill core was transported from the drill site to the Company's exploration camp facility. After geological logging, the core was cut along the long axis by a diamond saw, with half being sampled and half retained.

In addition to the laboratory's quality control program, a rigorous quality assurance and quality control program was implemented by the Company involving the insertion of blanks, standards and duplicates to ensure reliable assay results. important factors that could cause actual results to differ materially from Company's expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future resource estimates, future metal prices, future metal prices, availability of capital, and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, regulatory changes, defects in title, availability of personnel, materials, materials, materials, materials.