Goliath Clarifies News Release Issued This Morning

Core Insights - Goliath Resources Limited has reported significant gold mineralization in drill hole GD-25-302, with six occurrences of visible gold within a 96.50 meter mineralized interval, indicating strong potential for high-grade gold deposits at the Surebet Discovery [6][8][11] - The 2025 drill campaign has been increased from 40,000 meters to 60,000 meters, focusing on systematically exploring the Surebet Discovery and testing for the Motherlode magmatic source believed to be responsible for the high-grade gold mineralization [9][11][12] - The company has identified multiple new gold-mineralized shear zones and dykes, continuously increasing the potential tonnage of the mineralized system, with a total of 12 vertically stacked gold-mineralized veins extending vertically for 1.2 kilometers [12][14] Company Developments - The drill hole GD-25-302 is a 420 meter step out to the east from GD-24-260, which previously delivered the highest-grade gold interval on Surebet, assaying 34.52 g/t AuEq over 39.00 meters [6][8] - Recent re-logging of core from previous drill holes has revealed additional intervals containing visible gold, with one interval in drill hole GD-22-64 assaying 6.31 g/t AuEq over 14.35 meters [9][11] - The Surebet Discovery has a footprint of 1.8 km, equivalent to over 336 NFL football fields, and remains open in all directions, indicating substantial exploration upside [12][14] Geological Context - The Golddigger Property, controlled 100% by Goliath, covers an area of 91,518 hectares in a high-quality geological setting within the Golden Triangle of British Columbia, an area known for hosting significant gold mines [13][19] - The geology of the area includes Reduced Intrusion Related Gold (RIRG) dykes believed to be directly related to the Motherlode magmatic source, which is a key target for the ongoing exploration [9][11] - The company has completed a detailed study confirming a new interpretation of the ore-forming process of high-grade gold mineralization at Surebet, highlighting the potential for increased economical tonnage [12][14]