Goliath Reports Numerous High-Grade Intercepts Up To 10.83 g/t AuEq Over 22.82 Meters, Grade Values Increased By 13.2% In 54 Gold Equivalent Drill Results, Assays Pending On A Further 56 AuEq Holes Drilled In 2025, Surebet Discovery, Golden Triangle, B.C.

• Accounting for Silver, Copper, Lead and Zinc within these 54 drill hole results, Goliath reports an average 13.2% increase in overall grade values from the previously announced Gold only assays, with numerous high-grade intercepts up to 10.83 g/t AuEq over 22.82 meters. Assays pending on a further 56 gold equivalent drill holes from 2025.
• 100% of the drill holes completed to date on Surebet have intersected gold mineralization clearly demonstrating remarkable continuity, grades, and widths inclusive of over 1,500 pierce points within 5 Main Gold-Rich Zones comprising 46 mineralized lodes that remain open for expansion.
  
  
  • An accompanying infographic is available at: 
    
    https://www.globenewswire.com/NewsRoom/AttachmentNg/47a335c5-6596-4bcc-80d2-63e7428fae0b
    
    

• 100% of the drill holes completed to date on the Surebet Discovery have intersected substantial quartz-sulphide mineralization.
• The remarkable 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 will help vector in on drilling targets that remain open with excellent expansion potential.

• Of the holes drilled during the 2025 campaign, 83 out of 110 holes (or 76%) contained visible gold to the naked eye (VG-NE). 355 out of 386 drill holes representing 92% of holes drilled to date at Surebet contain VG-NE.
  •  An accompanying infographic is available at:
    
    https://www.globenewswire.com/NewsRoom/AttachmentNg/cdeaca0c-6cfe-4a75-84b6-d3db82708184:
    
    
• 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 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 nearby, a causative intrusion responsible for the extensive 1.8 km² high-grade gold system at Surebet.
  
  
• The fully funded 2026 drill program will be mainly focused on expanding the 5 Main Mineralized Zones. Data compilation and interpretation is underway which will be used to vector in on the indicated Motherlode causative intrusive source to this extensive high-grade gold system with widespread VG-NE that remains open for expansion.
• Gold-equivalent assay results which will include multi-element (Silver, Copper, Lead and Zinc) analyses for 56 out of 110 drill holes completed in 2025 are pending and will be released in the immediate future.
  
  

GOLD-EQUIVALENT DRILL HIGHLIGHTS (for complete details see Table 2 below):

• Drill hole GD-25-337 has two separate intervals:
  • 10.83 g/t AuEq (10.60 g/t Au and 8.04 g/t Ag) over 22.82 meters, including 15.51 g/t AuEq (15.19 g/t Au and 11.14 g/t Ag) over 15.71 meters including 38.71 g/t AuEq or 1.24 oz/t AuEq (37.28 g/t Au 49.80 g/t Ag) over 3.36 meters in the Golden Gate Zone; and
  • 36.15 g/t AuEq or 1.16 oz/t AuEq (36.11 g/t Au and 1.46 g/t Ag) over 3.08 meters from the Golden Gate Zone.
• Drill hole GD-25-377 has two separate intercepts:
  • 2.43 g/t AuEq (2.35 g/t Au and 3.14 g/t Ag) over 46.90 meters, including 3.25 g/t AuEq (3.15 g/t Au and 3.87 g/t Ag) over 34.00 meters, including 7.28 g/t AuEq (7.16 g/t Au and 4.56 g/t Ag) over 10.84 meters, including 17.86 g/t AuEq (17.77 g/t Au and 4.47 g/t Ag) over 3.98 meters from the Bonanza Zone; and
  • 9.06 g/t AuEq (8.73 g/t Au and 15.45 g/t Ag) over 3.80 meters from the Golden Gate Zone.
• Drill hole GD-25-328 intersected:
  • 31.54 g/t AuEq or 1.01 oz/t AuEq (30.95 g/t Au and 15.27 g/t Ag) over 3.00 meters from the Golden Gate Zone.
• Drill hole GD-25-372 intersected:
  • 15.28 g/t AuEq (13.74 g/t Au and 63.39 g/t Ag) over 6.10 meters, including 22.64 g/t AuEq (20.37 g/t Au and 94.00 g/t Ag) over 4.10 meters from the Golden Gate Zone.
• Drill hole GD-25-355 intersected:
  • 3.20 g/t AuEq (3.05 g/t Au and 5.91 g/t Ag) over 23.00 meters, including 5.77 g/t AuEq (5.54 g/t Au and 9.52 g/t Ag) over 12.20 meters, including 10.90 g/t AuEq (10.48 g/t Au and 16.71 g/t Ag) over 6.20 meters from the Golden Gate Zone.
• Drill hole GD-24-277 (a 2024 hole relogged in 2025) intersected:
  • 12.20 g/t AuEq (12.16 g/t Au and 1.74 g/t Ag) over 6.00 meters, including 14.63 g/t AuEq (14.59 g/t Au and 2.03 g/t Ag) over 5.00 meters, including 18.27 g/t AuEq (18.22 g/t Au and 2.46 g/t Ag) over 4.00 meters from the Golden Gate Zone.
• Drill hole GD-25-362 intersected:
  • 5.33 g/t AuEq (2.41 g/t Au and 152.41 g/t Ag) over 12.48 meters, including 11.37 g/t AuEq (5.67 g/t Au and 291.26 g/t Ag) over 4.94 meters from the Surebet Zone.
• Drill hole GD-25-365 has two separate intercepts:
  • 5.50 g/t AuEq (5.13 g/t Au and 12.56 g/t Ag) over 12.00 meters, including 8.09 g/t AuEq (7.57 g/t Au and 17.96 g/t Ag) over 7.97 meters, including 10.61 g/t AuEq (9.94 g/t Au and 23.32 g/t Ag) over 6.02 meters from the Golden Gate Zone; and
  • 3.58 g/t AuEq (3.48 g/t Au and 4.32 g/t Ag) over 4.25 meters, including 4.74 g/t AuEq (4.61 g/t Au and 5.37 g/t Ag) over 3.20 meters from the Bonanza Zone.
• Drill hole GD-25-317 has three separate intercepts:
  • 2.64 g/t AuEq (2.54 g/t Au and 3.22 g/t Ag) over 23.85 meters, including 2.90 g/t AuEq (2.79 g/t Au and 3.40 g/t Ag) over 21.67 meters, including 4.86 g/t AuEq (4.74 g/t Au and 4.14 g/t Ag) over 11.88 meters, including 7.04 g/t AuEq (6.91 g/t Au and 4.66 g/t Ag) over 7.83 meters from the Bonanza Zone;
  • 4.29 g/t AuEq (4.14 g/t Au and 6.30 g/t Ag) over 7.65 meters, including 5.80 g/t AuEq (5.60 g/t Au and 8.17 g/t Ag) over 5.56 meters from the Surebet Zone; and
  • 7.67 g/t AuEq (6.56 g/t Au and 43.05 g/t Ag) over 5.15 meters, including 11.91 g/t AuEq (10.22 g/t Au and 66.73 g/t Ag) over 3.30 meters from the Golden Gate Zone.
• Drill hole GD-25-318 intersected:
  • 13.32 g/t AuEq (13.15 g/t Au and 6.36 g/t Ag) over 4.70 meters, including 16.91 g/t AuEq (16.69 g/t Au and 7.93 g/t Ag) over 3.70 meters from the Bonanza Zone.
    • An accompanying infographic is available at:
      
      https://www.globenewswire.com/NewsRoom/AttachmentNg/44efe857-ac55-4d99-8307-f0ceabd24e3b
      
      

• Assay results from the recently completed 64,364 meters of drilling have significantly expanded the extent of the high-grade gold mineralization at the Surebet Discovery that remains open for expansion laterally and at depth. The updated model for the Surebet system, which includes all the 2025 assay results, consists of 5 extensive mineralized zones comprising 46 gold-rich lodes as well as gold-rich Eocene-aged RIRG dykes:
  • An accompanying infographic is available at:
    
    https://www.globenewswire.com/NewsRoom/AttachmentNg/eb604d47-85c1-4e38-9ed4-32fdce5fc700
    
    
  • The Bonanza Zone has a strike of 1.8 km NW-SE and 1.1 km NE-SW containing 5 lodes up to 19 meters thick with a combined thickness of up to 27 meters and intercepts up to 13.53 g/t AuEq (12.10 g/t Au and 54.13 g/t Ag) over 11.00 meters (drill hole GD-22-100) and remains open for expansion.
    
    
    • An accompanying infographic is available at:
      
      https://www.globenewswire.com/NewsRoom/AttachmentNg/b5a72596-151d-42de-b1a2-381877567145
      
      
  • The Surebet Zone has a strike of 1.2 km NW-SE and 930 meters NE-SW containing 9 lodes up to 19 meters thick with a combined thickness of up to 30 meters and intercepts up to 21.08 g/t AuEq (18.95 g/t Au and 95.31 g/t Ag) over 23.00 meters (drill hole GD-23-157) and remains open for expansion to the SW.
    • An accompanying infographic is available at: 
      
      https://www.globenewswire.com/NewsRoom/AttachmentNg/fe66a1e2-b519-477e-9901-2786d6b342f5
  • The Golden Gate Zone has a strike of 1.3 km E-W and 820 meters N-S containing 18 lodes up to 14 meters with a combined thickness of up to 49 meters and with intercepts up to 34.52 g/t AuEq (34.47 g/t Au and 3.96 g/t Ag) over 39.00 meters (drill hole GD-24-260) and remains open for expansion.
    
    
    • An accompanying infographic is available at:
      
      https://www.globenewswire.com/NewsRoom/AttachmentNg/9cd64dc7-3ec2-4683-b6c6-77d6d289e7e7 
  • The Whopper Zone has a strike of 800 meters N-S and 450 meters E-W containing 12 lodes up to 6 meters thick with a combined thickness of up to 30 meters and intercepts up to 32.67 g/t AuEq (32.56 g/t Au and 8.92 g/t Ag) over 4.00 meters (drill hole GD-24-262) and remains open for expansion.
    • An accompanying infographic is available at:
      
      https://www.globenewswire.com/NewsRoom/AttachmentNg/e96cb242-34b4-4a83-a5c7-0f9bf2869d2c 
  • The Eldorado Zone has a strike of 680 meters E-W and 700 meters N-S containing 2 lodes up to 5 meters thick with a combined thickness of up to 7 meters and intercepts up to 7.91 g/t AuEq (7.44 g/t Au and 22.40 g/t Ag) over 7.15 meters (drill hole GD-23-221) and remains open for expansion.
    • An accompanying infographic is available at:
      
      https://www.globenewswire.com/NewsRoom/AttachmentNg/a2deae57-30e6-4026-86fc-655c1492880f 
  • The gold-rich Eocene-aged dykes extend for up to 1.4 km N-S and a vertical relief of up to 890 meters with widths up to 25 meters and intercepts up to 12.03 g/t AuEq (11.84 g/t Au and 15.61 g/t Ag) over 10.00 meters (drill hole GD-22-58) and remain open for expansion.
    
    
    • Two accompanying infographics are available at:
      
      https://www.globenewswire.com/NewsRoom/AttachmentNg/fad282be-fa6b-4da7-8567-a7f4cb606194
      
      https://www.globenewswire.com/NewsRoom/AttachmentNg/4e04469d-8f83-4c50-9950-c3ddafbf7245 

SUREBET DISCOVERY - UPDATED 3D MODEL (Click Here)

TORONTO, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSXV:GOT) (OTCQX:GOTRF) (FSE: B4IF) (the "Company" or "Goliath") is pleased to report the completed gold-equivalent assay results for 54 out of 110 holes drilled in 2025 at the Surebet Discovery on its 100% controlled Golddigger Property (the "Property"), Golden Triangle, British Columbia. Accounting for Silver, Copper, Lead and Zinc within these 54 drill hole results, Goliath reports an average 13.2% increase in overall grade values from the previously announced Gold only assays (see news January 20, 2026, December 2, 2025, November 17, 2025, October 27, 2025, September 22, 2025, September 8, 2025, August 26, 2025, and July 28, 2025).

Highlights include drill hole GD-25-337, which intersected 10.83 g/t AuEq (10.60 g/t Au and 8.04 g/t Ag) over 22.82 meters, including 15.51 g/t AuEq (15.19 g/t Au and 11.14 g/t Ag) over 15.71 meters including 38.71 g/t AuEq or 1.24 oz/t AuEq (37.28 g/t Au 49.80 g/t Ag) over 3.36 meters in the Golden Gate Zone. Every drill hole completed so far within the 1.8 km² Surebet discovery, including all 110 holes from the 2025 season, has successfully intersected gold mineralization. These results confirm predictable continuity, grade, and width across 5 Gold-Rich Zones and 46 Distinct Lodes, all of which remain open for expansion. The fully funded 2026 drill program will focus on expanding the 5 Main Mineralized Zones, testing the Motherlode causative intrusive source, and build toward a future resource. Gold-equivalent assay results which will include multi-element (Silver, Copper, Lead & Zinc) analyses for 56 out of 110 holes drilled in 2025 are still pending and will be released in the immediate future.

Mr. Roger Rosmus, Founder & CEO of Goliath states: "We are very pleased to see a 13.2% increase to the overall AuEq grade numbers reinforcing the significance of the metals other than gold at the Surebet Discovery. What continues to stand out (and get better the more we drill) about the Surebet high-grade gold discovery is the widespread distribution of VG-NE, as can be seen in our map of the VG-NE in the drill holes. It is rare to see a discovery like this not only in the Golden Triangle, but worldwide. The vast number of stacked veins is analogous to the gold-rich Pogo Mine in Alaska. Modelling of the stacked veins shows a series dipping to the southwest (Surebet group) and to the southeast (Bonanza group) which open the possibility of two separate sources or one large one that could be several thousands of meters. Another interesting aspect is that the Surebet group and Bonanza group come together in a Hinge Zone that has a substantial block of rock with plenty of VG-NE. In addition to waiting for the remaining 56 gold-equivalent assays, we are also updating our models of the multitude of high-grade gold zones, advanced geological studies at the Colorado School of Mines to help us prepare for the 2026 drilling season. We have never been in a stronger balance sheet position as we are fully funded for the upcoming 2026 campaign. The bottom line is that we are in a unique position having an important high-grade gold discovery to expand upon in the greatest gold bull market ever."

Assay results from the recently concluded 64,364-meter drill program have significantly expanded the high-grade footprint of the Surebet Discovery, which remains open for further growth. An updated geological model incorporating all 2025 data identifies 5 primary mineralized Zones: Bonanza, Surebet, Golden Gate, Whopper, and Eldorado. Collectively these Zones comprise 46 gold-rich lodes and associated Eocene-aged RIRG dykes.

Table 1: Five main modelled gold rich zones and dykes.

Zone	Number of lodes	Dimensions	Key Intercept	Status
Bonanza	5	1.8 km x 1.1 km x 19 m	13.53 g/t AuEq over 11 m	Remains Open
Surebet	9	1.2 km x 930 m x 19 m	21.08 g/t AuEq over 23 m	Remains Open
Golden Gate	18	1.3 km x 820 m x 14 m	34.52 g/t AuEq over 39 m	Remains Open
Whopper	12	800 m x 450 m x 6 m	32.67 g/t AuEq over 4 m	Remains Open
Eldorado	2	680 m x 700 m x 5 m	7.91 g/t AuEq over 7.15 m	Remains Open
Gold-rich dykes		1.4 km x 890 m x 25 m	12.03 g/t AuEq over 10 m	Remains Open

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 gold-Rich 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 nearby, a causative intrusion responsible for the extensive 1.8 km² high-grade gold system at Surebet.

The remarkable continuity, widths and grades encountered across multiple lodes underscore the significance of this 1.8 km² gold system which has strong potential to become one of the most significant gold discoveries in British Columbia's Golden Triangle in many years. Success to date has effectively vectored toward several open targets, providing a strong foundation for further expansion in the 2026 drilling campaign.

Surebet Discovery Highlights

• Assay results are still pending for 56 holes from the 2025 exploration campaign for the gold equivalent (AuEq) values, that will be announced once received, compiled and interpreted.
  
  
  
  
• 83 out of 110 holes (or 76%) drilled in 2025 contain VG-NE, 100% of holes drilled to date at the Surebet Discovery have intersected substantial quartz-sulphide mineralization. See news releases dated: January 20, 2026, December 2, 2025, 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 VG-NE heat map above).
  
  
  
  
• The best hole drilled to date is GD-24-260 previously reported and is now been modeled from the Golden Gate 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 10.83 g/t AuEq (10.60 g/t Au and 8.04 g/t Ag) over 22.82 meters, including 15.51 g/t AuEq (15.19 g/t Au and 11.14 g/t Ag) over 15.71 meters including 38.71 g/t AuEq or 1.24 oz/t AuEq (37.28 g/t Au 49.80 g/t Ag) over 3.36 meters in the Golden Gate Zone. The intercept is approximately true width. 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 gold-rich RIRG Eocene-aged dykes, Goldilocks Zones where the veins and vertical 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 characterized by calc-silicate altered breccia, which increases potential tonnage and gold content of the high-grade gold system at the Surebet Discovery.
  
  
• The footprint of the mineralization discovered to date at Surebet is 1.8 km² 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 encompassing over 1,500 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.
  
  

Table 2: Complete gold-equivalent assay results.

Hole ID	interval	From (m)	To (m)	Interval (m)	Au (g/t)	Ag (g/t)	Cu (%)	Pb (%)	Zn (%)	AuEq (g/t)	Zone
GD-25-337	Interval	113.00	135.82	22.82	10.60	8.04	0.01	0.20	0.29	10.83	Golden Gate
	Including	120.11	135.82	15.71	15.19	11.14	0.01	0.29	0.41	15.51
	Including	120.11	123.47	3.36	37.28	49.8	0.02	1.32	1.84	38.71
	Interval	132.74	135.82	3.08	36.11	1.46	0.01	0.00	0.02	36.15	Golden Gate
GD-25-377	Interval	282	328.9	46.9	2.35	3.14	0.01	0.02	0.08	2.43	Bonanza
	including	283	317	34	3.15	3.87	0.01	0.02	0.1	3.25
	Including	283	293.84	10.84	7.16	4.56	0.01	0.03	0.12	7.28
	Including	289	292.98	3.98	17.77	4.47	0.02	0.01	0.03	17.86
	Interval	456	459.8	3.8	8.73	15.45	0.02	0.06	0.21	9.06	Golden Gate
GD-25-328	Interval	527	530	3	30.95	15.27	0.03	0.22	1.31	31.54	Golden Gate
GD-25-372	Interval	571	577.1	6.1	13.74	63.39	0.05	1.38	1.08	15.28	Golden Gate
	Including	572	576.1	4.1	20.37	94	0.08	2.05	1.6	22.64
GD-25-355	Interval	428	451	23	3.05	5.91	0.01	0.13	0.1	3.2	Golden Gate
	Including	435	447.2	12.2	5.54	9.52	0.01	0.24	0.17	5.77
	Including	441	447.2	6.2	10.48	16.71	0.01	0.46	0.31	10.9
GD-25-277_RELOG	Interval	114	120	6	12.16	1.74	0	0	0.02	12.2	Golden Gate
	Including	115	120	5	14.59	2.03	0	0	0.02	14.63
	Including	115	119	4	18.22	2.46	0	0	0.02	18.27
GD-25-362	Interval	177.06	189.54	12.48	2.41	152.41	0.02	0.71	0.95	5.33	Surebet
	Including	177.06	182	4.94	5.67	291.26	0.03	1.68	2.15	11.37
GD-25-365	Interval	374.8	379.05	4.25	3.48	4.32	0	0.03	0.08	3.58	Bonanza
	Including	374.8	378	3.2	4.61	5.37	0	0.03	0.1	4.74
	Interval	485.02	497.02	12	5.13	12.56	0.03	0.19	0.48	5.5	Golden Gate
	Including	488	495.97	7.97	7.57	17.96	0.03	0.28	0.68	8.09
	Including	489.95	495.97	6.02	9.94	23.32	0.04	0.36	0.88	10.61
GD-25-317	Interval	352.91	360.56	7.65	4.14	6.3	0.02	0.03	0.11	4.29	Surebet
	Including	355	360.56	5.56	5.6	8.17	0.02	0.04	0.13	5.8
	Interval	439	462.85	23.85	2.54	3.22	0.02	0.03	0.13	2.64	Bonanza
	Including	440.06	461.73	21.67	2.79	3.4	0.02	0.04	0.14	2.9
	Including	449.85	461.73	11.88	4.74	4.14	0.02	0.04	0.14	4.86
	Including	453.9	461.73	7.83	6.91	4.66	0.02	0.04	0.11	7.04
	Interval	637	642.15	5.15	6.56	43.05	0.28	0.08	0.58	7.67	Golden Gate
	Including	638	641.3	3.3	10.22	66.73	0.43	0.12	0.81	11.91
GD-25-318	Interval	342	346.7	4.7	13.15	6.36	0.01	0.04	0.24	13.32	Bonanza
	Including	343	346.7	3.7	16.69	7.93	0.02	0.05	0.3	16.91
GD-25-373	Interval	207.95	213.48	5.53	8.54	48.01	0.02	0.63	0.21	9.51	Surebet
	Including	208.81	213.48	4.67	10.11	56.64	0.02	0.74	0.25	11.25
GD-25-370	Interval	274.01	295	20.99	2.3	4.16	0.01	0.1	0.16	2.43	Bonanza
	Including	289	292	3	7.37	18.23	0.02	0.58	0.55	7.88
	Interval	312	317	5	3	7.92	0	0.02	0.25	3.19	Golden Gate
	Interval	318	325	7	4.11	3.98	0.01	0.04	0.11	4.21	Golden Gate
	Including	319	324.05	5.05	5.66	5.25	0.01	0.05	0.14	5.79
GD-25-343	Interval	612	617	5	10.08	2.21	0.01	0	0.01	10.13	Golden Gate
	Including	613	616	3	16.78	3.58	0.01	0	0.01	16.85
GD-25-324	Interval	203.73	208.04	4.31	3.82	37.39	0.02	0.87	0.59	4.71	Whopper
	Interval	280.85	287.5	6.65	7.01	3.99	0.01	0.05	0.07	7.11	Surebet
	Including	281.71	286.44	4.73	9.81	5.27	0.01	0.06	0.09	9.94
	Interval	397.03	400.78	3.75	3.28	2.12	0	0	0.02	3.32	Surebet
GD-25-345	Interval	535.05	542	6.95	6.58	3.27	0.01	0	0.02	6.65	Bonanza
	Including	535.95	541	5.05	9.04	4.2	0.01	0	0.03	9.12
	Including	535.95	540	4.05	11.13	4.87	0.01	0	0.02	11.23
	Interval	616	620	4	6.68	12.01	0.02	0.34	1.34	7.23	Golden Gate
	Including	616	619.36	3.36	7.93	14.16	0.02	0.4	1.59	8.57
GD-25-302	Interval	100	112	12	2.06	0.99	0.01	0.01	0.05	2.09	Golden Gate
	Including	103	110	7	3.11	1.22	0.01	0.01	0.07	3.15
	Interval	121	140	19	2.26	1.06	0.01	0.01	0.03	2.29	Golden Gate
	Including	127	138	11	3.66	1.38	0.01	0.01	0.03	3.69
	Including	127	132	5	7.13	2.54	0.01	0.02	0.04	7.19
GD-25-380	Interval	289	298	9	4.29	20.88	0.02	0.49	0.38	4.81	Surebet
	Including	290.15	297	6.85	5.62	26.76	0.02	0.62	0.5	6.28
	Including	290.15	294.95	4.8	7.92	37.17	0.02	0.89	0.7	8.83
GD-25-192_RELOG	Interval	43	73.65	30.65	1.36	2.09	0.01	0	0.03	1.41	Golden Gate
	Including	60	65	5	3.39	1.69	0	0	0.02	3.43
GD-25-312	Interval	390.3	394	3.7	10.56	9.53	0.01	0.01	0.04	10.74	Bonanza
GD-25-354	Interval	340.9	366.03	25.13	0.85	23.15	0.01	0.3	0.24	1.34	Surebet
	Including	351.23	358.95	7.72	1.96	23.36	0.01	0.62	0.22	2.49
	Interval	528.57	535.15	6.58	3.95	9.96	0.01	0.11	0.26	4.19	Golden Gate
	Including	528.57	532	3.43	6.96	18.95	0.02	0.21	0.49	7.43
GD-25-358	Interval	387	392	5	5.23	10.96	0.03	0.2	0.19	5.5	Golden Gate
	Interval	434	439	5	6.09	0.79	0	0	0.01	6.1	Golden Gate
	Including	435	439	4	7.61	0.99	0	0	0.01	7.63
GD-25-350	Interval	301	321.38	20.38	1.13	11.13	0.01	0.15	0.24	1.4	Surebet
	including	308.04	319.3	11.26	1.71	16.06	0.01	0.22	0.29	2.08
	including	314	319.3	5.3	3.18	26.34	0.01	0.39	0.5	3.8
	Interval	336	340.28	4.28	3.44	37.84	0.01	0.63	0.36	4.26	Surebet
	Interval	642	646.45	4.45	4.12	15.5	0.03	0.33	0.3	4.51	Golden Gate
GD-25-330	Interval	532	537.55	5.55	4.79	2.96	0.01	0.03	0.04	4.86	Golden Gate
GD-25-387	Interval	79	84.32	5.32	4.53	0.71	0	0	0.01	4.55	Golden Gate
	including	79	83.15	4.15	5.36	0.76	0.01	0	0.01	5.38
GD-25-378	Interval	585.86	590	4.14	5.22	6.28	0.02	0.18	0.14	5.4	Golden Gate
GD-25-265_RELOG	Interval	123	127	4	5.43	2.91	0	0	0.01	5.48	Bonanza
GD-25-410	Interval	183.32	188.46	5.14	4.18	2.65	0.01	0.01	0.08	4.25	Bonanza
GD-25-407	Interval	254.5	259.09	4.59	4.21	14.36	0.01	0.24	0.32	4.56	Eldorado
	including	254.5	258	3.5	5.49	16.66	0.01	0.28	0.33	5.88
GD-25-376	Interval	252.8	257	4.2	4.32	12.95	0.03	0.13	0.15	4.62	Eldorado
GD-25-259_RELOG	Interval	231	234	3	6.11	3	0.01	0	0.02	6.17	Whopper
GD-25-400	Interval	102	132	30	0.6	1.67	0.01	0.02	0.04	0.65	Golden Gate
GD-25-357	Interval	213	234.95	21.95	0.52	4.8	0.01	0.11	0.2	0.67	Golden Gate
GD-25-327	Interval	107	111	4	2.99	6.88	0	0.03	0.05	3.13	Eldorado
	including	276	281	5	2.09	17.53	0.09	0.03	0.49	2.58
GD-25-363	Interval	310	320	10	1.13	11.3	0.01	0.2	0.17	1.4	Surebet
	including	313.46	318	4.54	2.29	23.03	0.02	0.41	0.35	2.83
GD-25-390	Interval	187.75	193	5.25	2.38	9.64	0	0	0.01	2.55	Surebet
	including	188.8	192	3.2	3.87	15.17	0	0	0.01	4.14
GD-25-368	Interval	591	596.69	5.69	2.13	2.11	0.01	0.05	0.09	2.19	Bonanza
GD-25-342	Interval	25.76	38	12.24	0.96	1.74	0.01	0.01	0.11	1.02	Bonanza
GD-25-352	Interval	339	342	3	2.85	49.32	0.01	1.13	1.11	4.08	Surebet
GD-25-314	Interval	315	319	4	2.25	29.04	0.05	0.16	1.37	3.1	Golden Gate
GD-25-301	Interval	417	422	5	2.33	2.05	0.01	0	0.01	2.38	Eldorado
GD-25-329	Interval	215.91	220	4.09	1.79	10	0	0.19	0.09	2.01	Whopper
GD-25-403	Interval	254.02	258	3.98	2.35	12.59	0.02	0.17	0.79	2.77	Surebet
GD-25-386	Interval	324.79	329	4.21	1.97	19.01	0.01	0.26	0.38	2.42	Surebet
GD-25-394	Interval	93	112.02	19.02	0.52	0.63	0.01	0	0.03	0.54	Golden Gate
	including	104	108	4	0.96	1.56	0.01	0.01	0.07	1.01
GD-25-303	Interval	512.05	530.04	17.99	0.5	2.33	0.01	0.06	0.05	0.56	Golden Gate
	including	518	521	3	0.97	10.52	0.01	0.33	0.12	1.22
GD-25-348	Interval	216.3	222.05	5.75	0.88	36.62	0.02	0.47	0.41	1.67	Surebet
GD-25-409	Interval	125	129	4	0.64	23.89	0.01	0.14	0.33	1.14	Bonanza
GD-25-351	Interval	418	423	5	1.44	4.65	0.01	0.08	0.1	1.56	Golden Gate
GD-25-361	Interval	303.8	310.08	6.28	1.06	9.04	0.01	0.16	0.24	1.3	Surebet
GD-25-219_RELOG	Interval	415.92	420.85	4.93	1.71	1.99	0	0.01	0.05	1.77	Golden Gate
GD-25-333	Interval	6	9	3	2.53	1.7	0.01	0.01	0.16	2.6	Whopper
GD-25-325	Interval	454.4	458.85	4.45	1.11	2.26	0.02	0.01	0.3	1.23	Golden Gate
GD-25-371	Interval	283	296.91	13.91	0.52	1.26	0	0.01	0.02	0.55	Surebet
GD-25-306	Interval	135	141	6	1.25	0.32	0	0.01	0.02	1.26	Golden Gate
GD-25-331	Interval	146	151	5	1	0.53	0.01	0	0.02	1.02	Golden Gate
GD-25-391	Interval	467	481	14	0.45	0.91	0	0.01	0.02	0.48	Dyke
GD-25-322	Interval	161	171	10	0.54	1.51	0	0.01	0.03	0.58	Golden Gate
GD-25-287_RELOG	Interval	68	74	6	1.02	1.12	0	0.01	0.02	1.04	Golden Gate
GD-25-341	Interval	394	399	5	1.04	1.95	0.01	0.01	0.18	1.12	Bonanza
GD-25-307	Interval	363.7	366.72	3.02	1.69	6.02	0.01	0.14	0.13	1.84	Surebet

Table 3: Collar information for drill holes reported in this news release.

Hole ID	CRS	Easting (m)	Northing (m)	Elevation (m)	Azimuth (deg)	Dip (deg)	Length (m)
GD-24-192_RELOG	NAD83 / UTM zone 9N	457593	6162376	1118	355	50	332
GD-24-219_RELOG	NAD83 / UTM zone 9N	457149	6162501	1320	95	50	429
GD-24-259_RELOG	NAD83 / UTM zone 9N	457447	6162778	1512	92	45	402
GD-24-265_RELOG	NAD83 / UTM zone 9N	457885	6162617	1175	130	65	426
GD-24-277_RELOG	NAD83 / UTM zone 9N	457701	6162440	1133	0	80	990
GD-24-287_RELOG	NAD83 / UTM zone 9N	457702	6162437	1132	80	75	331
GD-25-337	NAD83 / UTM zone 9N	457818	6162509	1141	244	62	370
GD-25-377	NAD83 / UTM zone 9N	457231	6162742	1488	295	70	519
GD-25-328	NAD83 / UTM zone 9N	456710	6162964	1639	43	55	662
GD-25-372	NAD83 / UTM zone 9N	457401	6162900	1606	168	70	732
GD-25-355	NAD83 / UTM zone 9N	457368	6162757	1509	100	72	690
GD-25-362	NAD83 / UTM zone 9N	457413	6163255	1733	53	60	405
GD-25-365	NAD83 / UTM zone 9N	457041	6162958	1604	97	86	702
GD-25-317	NAD83 / UTM zone 9N	457445	6162777	1511	130	67	717
GD-25-318	NAD83 / UTM zone 9N	456710	6162964	1635	105	77	662
GD-25-373	NAD83 / UTM zone 9N	457511	6163076	1660	70	80	718
GD-25-370	NAD83 / UTM zone 9N	457231	6162741	1488	275	65	477
GD-25-343	NAD83 / UTM zone 9N	457228	6162734	1481	138	50	660
GD-25-324	NAD83 / UTM zone 9N	457447	6162777	1515	105	67	720
GD-25-345	NAD83 / UTM zone 9N	457366	6162757	1509	120	52	822
GD-25-302	NAD83 / UTM zone 9N	457818	6162509	1141	195	69	1635
GD-25-380	NAD83 / UTM zone 9N	457037	6162950	1604	183	83	693
GD-25-312	NAD83 / UTM zone 9N	457365	6162756	1509	150	71	681
GD-25-354	NAD83 / UTM zone 9N	457326	6162856	1582	185	72	739
GD-25-358	NAD83 / UTM zone 9N	457228	6162734	1481	219	76	651
GD-25-350	NAD83 / UTM zone 9N	457185	6163117	1702	180	77	849
GD-25-330	NAD83 / UTM zone 9N	457326	6162856	1582	206	73	681
GD-25-387	NAD83 / UTM zone 9N	457594	6162372	1119	190	70	408
GD-25-378	NAD83 / UTM zone 9N	457465	6163019	1634	260	85	603
GD-25-410	NAD83 / UTM zone 9N	457976	6162659	1174	23	66	216
GD-25-407	NAD83 / UTM zone 9N	457399	6162904	1608	350	82	395
GD-25-376	NAD83 / UTM zone 9N	457235	6162864	1585	217	81	640
GD-25-400	NAD83 / UTM zone 9N	457598	6162374	1119	147	83	309
GD-25-357	NAD83 / UTM zone 9N	456865	6162628	1451	135	65	525
GD-25-327	NAD83 / UTM zone 9N	457016	6162593	1388	5	65	459
GD-25-363	NAD83 / UTM zone 9N	457411	6163251	1733	175	68	901
GD-25-390	NAD83 / UTM zone 9N	457488	6163166	1707	70	80	792
GD-25-368	NAD83 / UTM zone 9N	457485	6163165	1706	250	77	690
GD-25-342	NAD83 / UTM zone 9N	457815	6162511	1146	336	70	350
GD-25-352	NAD83 / UTM zone 9N	457038	6162952	1604	42	76	847
GD-25-314	NAD83 / UTM zone 9N	457018	6162588	1382	80	70	593
GD-25-301	NAD83 / UTM zone 9N	457445	6162773	1513	168	58	702
GD-25-329	NAD83 / UTM zone 9N	457444	6162778	1515	330	80	685
GD-25-403	NAD83 / UTM zone 9N	457467	6163017	1633	147	83	600
GD-25-386	NAD83 / UTM zone 9N	457512	6163073	1660	129	56	459
GD-25-394	NAD83 / UTM zone 9N	457594	6162372	1119	168	55	345
GD-25-303	NAD83 / UTM zone 9N	457364	6162754	1508	157	61	676
GD-25-348	NAD83 / UTM zone 9N	457413	6163252	1733	115	65	1001
GD-25-409	NAD83 / UTM zone 9N	457883	6162622	1178	60	75	302
GD-25-351	NAD83 / UTM zone 9N	457235	6162738	1489	170	57	723
GD-25-361	NAD83 / UTM zone 9N	457191	6163128	1712	160	85	699
GD-25-333	NAD83 / UTM zone 9N	457365	6162757	1509	127	71	798
GD-25-325	NAD83 / UTM zone 9N	457365	6162755	1509	128	88	669
GD-25-371	NAD83 / UTM zone 9N	457190	6163130	1712	40	86	681
GD-25-306	NAD83 / UTM zone 9N	457214	6162332	1220	342	59	346
GD-25-331	NAD83 / UTM zone 9N	457815	6162506	1144	194	83	360
GD-25-391	NAD83 / UTM zone 9N	457465	6163019	1634	286	76	618
GD-25-322	NAD83 / UTM zone 9N	457214	6162332	1219	250	70	594
GD-25-341	NAD83 / UTM zone 9N	456927	6163020	1652	310	75	615
GD-25-307	NAD83 / UTM zone 9N	456927	6163020	1651	152	72	678

About Golddigger Property

The Golddigger Property is 100% controlled and covers an area of 91,518 hectares in a highly prospective geological setting of the Eskay Rift, within 3 kilometers of the Red Line in the Golden Triangle of British Columbia. This area, in close proximity to the Red Line, has hosted some of Canada's greatest gold mines including Eskay Creek, Premier and Snip. Other significant and well-known deposits in the Golden Triangle include Brucejack, Copper Canyon, Galore Creek, Granduc, KSM, Red Chris, and Schaft Creek. Goliath controls 56 kilometers of the Red Line which is a geologic contact between Triassic age Stuhini rocks and Jurassic age Hazelton rocks used as key markers when exploring for gold-copper-silver mineralization.

The Surebet discovery has predictable continuity and good metallurgy with gold recoveries from gravity and flotation at a 327-micrometer crush of 92.2% including 48.8% free gold from gravity alone (no cyanide required to recover the gold). The metallurgy completed to date shows no deleterious elements are present (see news release dated March 1, 2023).

The Property is in a well positioned location in close proximity to the communities of Alice Arm and Kitsault where there is a 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 of British Columbia and houses an international container seaport also with direct access to railway and an airport.

Qualified Person

Rein Turna P. Geo is the qualified person as defined by National Instrument 43-101, for Goliath Resource Limited projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release. Mr. Turna is an Independent Director of the Company.

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. In 2025, Goliath completed its largest drill campaign to date for a total of 64,364 meters. It is fully funded for a similar sized drill program in 2026. Assay results are still pending on 56 holes from the 2025 exploration campaign for the gold equivalent (AuEq) values, that will be announced once received, compiled and interpreted. The Company's key strategic cornerstone shareholders include Crescat Capital, a Global Commodity Group (Singapore), McEwen Inc. (NYSE:MUX) (TSX:MUX), Waratah Capital Advisors, Rob McEwen, Eric Sprott and Larry Childress.

About CASERM (Center to Advance the Science of Exploration to Reclamation in Mining)

Goliath Resources is a paying member and active supporter of the Center to Advance the Science of Exploration to Reclamation in Mining (CASERM), which is one of the world's largest research centers in the mining sector. CASERM is a collaborative research venture between Colorado School of Mines and Virginia Tech that is supported by a consortium of mining and exploration companies, analytical instrumentation and software companies, and federal agencies aiming to transform the way geoscience data is acquired and used across the mining value chain. The center forms part of the I-UCRC program of the National Science Foundation. Research focuses on the integration of diverse geoscience data to improve decision making across the mine life cycle, beginning with the exploration for subsurface resources continuing through mine operation as well as closure and environmental remediation. Over the past three years, Goliath Resources' membership in CASERM has allowed a high level of research to be performed on the Surebet Discovery.

For more information please contact:

Goliath Resources Limited

Mr. Roger Rosmus

Founder and CEO

Tel: +1.416.488.2887

[email protected]

www.goliathresourcesltd.com

Disclaimer

The reader is cautioned that grab samples are spot samples which are typically, but not exclusively, constrained to mineralization. Grab samples are selective in nature and collected to determine the presence or absence of mineralization and are not intended to be representative of the material sampled.

QA/QC Protocol

Oriented HQ-diameter or NQ-diameter diamond drill core from the drill campaign is placed in core boxes by the drill crew contracted by the Company. Core boxes are transported by helicopter to the staging area and then transported by truck to the core shack. The core is then re-orientated, meterage blocks are checked, meter marks are labelled, Recovery and RQD measurements taken, and primary bedding and secondary structural features including veins, dykes, cleavage, and shears are noted and measured. The core is then described and transcribed in MX DepositTM. Drill holes were planned using Leapfrog GeoTM and QGISTM software and data from the 2017-2024 exploration campaigns. Drill core containing quartz breccia, stockwork, veining and/or sulphide(s), or notable alteration is sampled in lengths of 0.5 to 1.5 meters. Core samples are cut lengthwise in half: one-half remains in the box and the other half is inserted in a clean plastic bag with a sample tag. The bagged samples are then weighed and secured with a zip tie. Certified reference materials (CRMs), blanks and duplicates are added in the sample stream at a rate of 10%. To ensure analytical anonymity, CRM identification labels are removed prior to submission to the laboratory. Additional out-of-sequence blanks are introduced immediately following core samples that contain VG-NE or high-grade sulphide mineralization.

Grab, channels, chip and talus samples were collected by foot with helicopter assistance. Prospective areas included, but were not limited to, proximity to MINFile locations, placer creek occurrences, regional soil anomalies, and potential gossans based on high-resolution satellite imagery. The rock grab and chip samples were extracted using a rock hammer, or hammer and chisel to expose fresh surfaces and to liberate a sample of anywhere between 0.5 to 5.0 kilograms. All sample sites were flagged with biodegradable flagging tape and marked with the sample number. All sample sites were recorded using hand-held GPS units (accuracy 3-10 meters) and sample ID, easting, northing, elevation, type of sample (outcrop, subcrop, float, talus, chip, grab, etc.) and a description of the rock were recorded on all-weather paper. Samples are then inserted in a clean plastic bag with a sample tag for transport and shipping to the geochemistry lab. QA/QC samples including blanks, certified reference materials, and duplicate samples are inserted regularly into the sample sequence at a rate of 10%.

All samples are transported in rice bags sealed with numbered security tags. The rice bags are transported from the core shacks to the MSALABS facilities in Terrace, BC. MSALABS is certified with both AC89-IAS and ISO/IEC Standard 17025:2017. The core samples undergo preparation via drying, crushing to ~70% of the material passing a 2 mm sieve and riffle splitting. The sample splits are weighed and transferred into three plastic jars, each containing between 300 g and 500 g of crushed sample material. A 250 g split is pulverized to ensure at least 85% of the material passes through a 75 µm sieve. The crushed samples are transported to the MSALABS PhotonAssayTM facility in Prince George, where gold concentrations are quantified via photon assay analysis (method CPA-Au1). Samples that result in gold concentrations ≥5 ppm are analyzed to extinction. Photon assay uses high-energy X-rays (photons) to excite atomic nuclei within the jarred samples, inducing the emission of secondary gamma rays, which are measured to quantify gold concentrations. The assays from all jars are combined on a weight-averaged basis. Multielement analyses are carried at the MSALABS facilities in Surrey, BC, where 250 g of pulverized splits are analyzed via ICF6xx and IMS-230 methods. The IMS-230 method uses 4-acid digestion (a combination of hydrochloric, nitric, perchloric and hydrofluoric acids) followed by inductively coupled plasma emission spectrometry to quantify concentrations of 48 elements. Samples with over-limit results for Ag, Cu, Pb and Zn undergo ore-grade analysis via the ICF-6xx method (where ‘xx' denotes the target metal). This method employs 4-acid digestion followed by inductively coupled plasma emission spectrometry.

Widths are reported in drill core lengths and the true widths are estimated to be 80-90% and Gold Equivalent (AuEq) metal values are calculated using: 4,932.69 USD/oz, Ag 84.916 USD/oz, Cu 6.07 USD/lbs, Pb 1964.45 USD/ton and Zn 3,328.50 USD/ton on February 3^rd, 2026. There is potential for economic recovery of gold, silver, copper, lead, and zinc from these occurrences based on other mining and exploration projects in the same Golden Triangle Mining Camp where Goliath's project is located such as the Homestake Ridge Gold Project (Auryn Resources Technical Report, Updated Mineral Resource Estimate and Preliminary Economic Assessment on the Homestake Ridge Gold Project, prepared by Minefill Services Inc. Bothell, Washington, dated May 29, 2020). Here, AuEq values were calculated using 3-year running averages for metal price, and included provisions for metallurgical recoveries, treatment charges, refining costs, and transportation. Recoveries for Gold were 85.5%, Silver at 74.6%, Copper at 74.6% and Lead at 45.3%. It will be assumed that Zinc can be recovered with the Copper at the same recovery rate of 74.6%. The quoted reference of metallurgical recoveries is not from Goliath's Golddigger Project, Surebet Zone mineralization, and there is no guarantee that such recoveries will ever be achieved, unless detailed metallurgical work such as in a Feasibility Study can be eventually completed on the Golddigger Project.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor the OTCQB Venture Market accepts responsibility for the adequacy or accuracy of this release.

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Goliath's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the ability of the Company to complete financings and its ability to build value for its shareholders as it develops its mining properties. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Goliath. Although such statements are based on management's reasonable assumptions, there can be no assurance that the proposed transactions will occur, or that if the proposed transactions do occur, will be completed on the terms described above.

The forward-looking information contained in this release is made as of the date hereof and Goliath is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

This announcement does not constitute an offer, invitation, or recommendation to subscribe for or purchase any securities and neither this announcement nor anything contained in it shall form the basis of any contract or commitment. In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal.

The securities referred to herein have not been and will not be will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.