GOLIATH RESOURCES LTD - GOTRF STOCK NEWS

Goliath Resources has reported promising initial results from its maiden diamond drill program at the newly discovered VMS type targets at Treasure Island within the Golddigger Project in British Columbia's Golden Triangle.

The first four drill holes intercepted abundant sulfide mineralization, with highlights including:

• TI-24-01: 9.8 meters of quartz stockwork and breccia containing up to 8% chalcopyrite and 10% pyrite.
• TI-24-04: 5.46 meters with semi-massive to massive pyrite and trace chalcopyrite.
• TI-24-02: 2.74 meters of mineralized quartz-carbonate breccia.
• TI-24-03: 1.77 meters of mineralized quartz-carbonate breccia.

Assays are pending, and the zones remain open for further exploration. The drilling program plans to cover 1,600 meters from four drill pads. Previous grab and channel samples have shown high-grade results, with up to 28.08 gpt AuEq in channel samples and 11.08 gpt AuEq in grab samples. The discoveries at Treasure Island highlight the significant untapped potential of the Golddigger property, situated within a prolific geological setting.

Goliath Resources (TSX-V: GOT) (OTCQB: GOTRF) has received a lead order from its strategic investor, Crescat Capital , for a non-brokered private placement of up to $3,000,000. The funds will be used to expand the drill program at the Surebet Discovery following exceptional assay results and abundant visible gold in 75% of the first 8 holes drilled in 2024. The placement includes Non-Flow-Through shares at $1.11 each and Flow-Through shares at $1.28. Proceeds will be used for exploration in the Golden Triangle of northwestern British Columbia, with flow-through funds allocated to Canadian exploration expenses. Crescat Capital, owning ~18% of Goliath's shares, will participate in the placement.

Goliath Resources has confirmed 100% significant mineralization in the first 8 holes of the 2024 drilling season at the Surebet Discovery in Golden Triangle, B.C. Additionally, 75% of these holes show abundant visible gold, with sizes up to 1.3mm. The mineralization hits include abundant visible gold, galena, sphalerite, and chalcopyrite within breccia, stockwork, and veins.

Key highlights include:

• New zones intercepted indicate a possible heat engine source for the gold system.
• Notable holes: GD-24-244 with visible gold at 700 meters downhole, GD-24-235 with 15.86 g/t AuEq over 11.9 meters, and GD-24-236 with 4.14 g/t AuEq over 6.0 meters.
• Assays pending for several intervals containing visible gold and other minerals.

The property shows exceptional vertical gold continuity from the mountain top to potential depths below the valley floor. The 2024 drill plan aims to build on the 10 known mineralized veins and explore new targets, emphasizing the system's open nature.

Goliath Resources (TSX-V: GOT) (OTCQB: GOTRF) reports early exercise of 2,393,097 common share purchase warrants, primarily from Strategic Investors, generating proceeds of $1,822,814. These warrants were set to expire between March 25, 2025, and December 29, 2025, with strike prices up to $0.92 each. The company notes that over $9,000,000 of in-the-money warrants remain, with an average strike price of $0.63 based on the previous day's close.

Goliath Resources is an explorer of precious metals projects in British Columbia's Golden Triangle. Its flagship discovery is the Surebet at the 100% controlled Golddigger Property, covering 66,608 hectares. The company's strategic shareholders include Crescat Capital, Rob McEwen, and Eric Sprott.

Goliath Resources (TSX-V: GOT, OTCQB: GOTRF) reported high-grade gold intercepts in its 2024 drilling campaign at the Golddigger Property in the Golden Triangle, B.C. Drill hole GD-24-235 revealed 35.04 g/t AuEq over 6.34 meters and 15.86 g/t AuEq over 11.9 meters, with visible gold and strong sulphide mineralization. Assays are pending for a 24.4-meter intercept and a 10-meter interval in the same hole.

Additional results from GD-24-236 showed 4.14 g/t AuEq over 6.0 meters. The Surebet discovery now includes 10 mineralized vein domains after drilling results from 2021 to 2023. The Golddigger Property, covering 66,608 hectares, benefits from excellent infrastructure and proximity to key mining areas. The program aims to expand known veins and discover new ones, including targets like Jackpot and Treasure Island.

Goliath Resources reported significant mineralized intercepts in drill hole GD-24-237 at the Surebet Zone in the Golden Triangle, B.C. The drill intercepted four zones totaling 105 meters containing abundant visible gold, galena, sphalerite, molybdenite, and bismuth. The mineralized intervals include:

• A 14.39-meter zone with quartz veins hosting visible gold and molybdenite.
• A 47-meter section of the Bonanza Shear with quartz-sulphide stockwork.
• A 16.6-meter interval with calc-silicate veining and stockwork.
• A 26.35-meter interval of the Golden Gate zone featuring high-density veining and stockwork with visible gold.

Drill hole GD-24-237 represents a step out from previous drilling, confirming the system remains open with excellent discovery potential. The ongoing 2024 drill program includes 15,000 meters aimed at expanding known mineralized zones and discovering new veins. The Surebet zone has yielded high-grade gold with excellent metallurgical recoveries, and the property's strategic location supports future exploration.

Goliath Resources has initiated its maiden diamond drill program at the newly discovered Treasure Island, part of the Golddigger Property in British Columbia's Golden Triangle.

The program includes drilling 11 holes from 4 locations, amounting to 1,600 meters, with additional holes planned based on mineralized intercepts. The discovery spans 550 x 450 meters and features high-grade gold and copper mineralization, with channel samples assaying up to 20.60 g/t gold and 14.45% copper.

Significant results include 15 out of 16 channel samples and 13 out of 19 grab and chip samples assaying over 1.00 g/t AuEq. The mineralization remains open in all directions, suggesting further exploration potential.

Goliath Resources has discovered a new deep zone, the “Mothership Feeder Zone,” with abundant visible gold at 648 meters downhole in the first drill hole of 2024 at their Surebet project, Golden Triangle, B.C. This discovery indicates strong potential for additional discoveries during the ongoing 2024 drill program, which includes deeper drill holes, one extending to 900 meters. The program is focused on testing depths above and below the valley floor, expanding known veins, and increasing vein continuity. This drill hole (GD-24-235) intersected multiple mineralized veins containing visible gold and various sulfides over significant intervals. The Surebet discovery has exceptional continuity and excellent gold recoveries, with metallurgical tests showing 92.2% gold recovery. The Golddigger property, where Surebet is located, is fully permitted for 199 drill pads until 2029. The high-grade discoveries and promising initial results increase Goliath's confidence in finding new mineralization zones.

Goliath Resources has commenced its 2024 drilling campaign at the Golddigger Property in the Golden Triangle, B.C. The campaign aims to complete 62 holes from 22 drill pad locations across 15,000 meters using up to three diamond drill rigs.

The primary focus is on the Surebet Discovery, where the company plans to test potential feeder sources and expand known veins. Highlights from previous drilling include significant gold and silver recoveries, and visible gold in 35% of the 124 holes drilled in 2023.

Three new high-grade gold-copper targets—Jackpot, Treasure Island, and Full Contact—will also be tested. Samples from these targets have returned promising results, with assays reaching up to 101.13 g/t AuEq.

Goliath has completed 66,930 meters of diamond drilling at the property to date and recently expanded its land package to 66,608 hectares, controlling key terrain along the 'Red Line'. The project benefits from existing infrastructure and proximity to local communities and ports.