Goliath Resources Acquires 100% Ownership Of The Golddigger Property Hosting The High-Grade Surebet Gold Discovery And Buys Down 1% Of The NSR, Golden Triangle, B.C.
Goliath Resources Acquires 100% Ownership Of The Golddigger
Property Hosting The High-Grade Surebet Gold Discovery
And Buys Down 1% Of The NSR, Golden Triangle, B.C.
Toronto, Ontario – March 10, 2026 – Goliath Resources Limited (TSX -V: GOT)
(OTCQX: GOTRF) (Frankfurt: B4IF) (the "Company" or "Goliath"), further to its press
release dated January 22, 2026 (the “ Prior Press Release ”), is very pleased to
announce that it has received TSX Venture Exchange (“TSXV”) approval and has issued
3,000,000 common shares (the “Consideration Shares”) to The J2 Syndicate and J2
Syndicate Holdings Ltd. (the “Optionors”) pursuant to an amending agreement dated
January 21, 2026 (the “ Amending Agreement ”) which amends its existing property
option agreement with the Optionors (the “ Option Agreement ”) in respect of its
Golddigger Property located in the Golden Triangle, B.C. , which hosts the high-grade
Surebet Gold Discovery. The Consideration Shares have a four month plus one day hold
period from the date of issuance.
As a result of the issuance of the Consideration Shares, Goliath has earned the remaining
51% ownership interest in the Golddigger Property and now holds a 100% interest in the
property. In addition, Goliath has bought down 1% of the 3% Net Smelter Returns (“NSR”)
reducing it to a 2% NSR held by the Optionors.
Other key features of the Amending Agreement include:
- Goliath must publish a mineral resource estimate ( “MRE”) on or before June 1,
2030, and thereafter on every three-year anniversary of June 1, 2030;
- Goliath will be required to pay the Optionors US$1 for every gold equivalent ounce
over 4,000,000 gold equivalent ounces disclosed in an MRE rather than US$1 for
every gold equivalent ounce over 2,000,000 gold equivalent ounces; and
o should there be a change of control prior to Goliath publishing an MRE, the
acquirer would assume the obligations of the Company under the Option
Agreement, including the requirement to deliver an MRE would be changed
from June 1, 2030 to the third anniversary of the date of completion of such
change of control.
Proposed McEwen Inc. Warrant Extension
The Company will not be proceeding with the proposed extension of the expiry date of
the warrants issued to McEwen Inc., as first disclosed in the Company’s news release
dated February 28, 2026. The TSXV did not approve the request as determined by the
nature of McEwen Inc. acquiring Goliath units initially press released on January 9, 2025
and completed as an “expedited acquisition” that is treated according to their Policy 5.3.
Accordingly, McEwen Inc.'s 2,590,673 common share purchase warrants of the
Company with a strike price of $2.50 will expire end of day, March 10, 2026.
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.
Goliath completed its largest fully funded drill campaign to date for a total of 64,364 meters
in 2025. It is fully funded for a similar sized drill program in 2026. 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.
For more information please contact:
Goliath Resources Limited
Mr. Roger Rosmus
Founder and CEO
Tel: +1.416.488.2887
www.goliathresourcesltd.com
This press release contains statements that constitute “forward-looking information”
(“forward-looking information”) within the meaning of the applicable Canadian
securities legislation. All statements, other than statements of historical fact, are forward-
looking information and are based on expectations, estimates and projections as at the
date of this news release. Any statement that discusses predictions, expectations,
beliefs, plans, projections, objectives, assumptions, future events or performance (often
but not always using phrases such as “expects”, or “does not expect”, “is expected”,
“anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”,
“estimates”, “believes” or “intends” or variations of such words and phrases or stating that
certain actions, events or results “may” or “could”, “would”, “might” or “will ” be taken to
occur or be achieved) are not statements of historical fact and may be forward -looking
information. Forward -looking statements in this news release include statements
regarding the terms of the Option Agreement as amended by the Amending Agreement.
In disclosing the forward -looking information contained in this press release, the
Company has made certain assumptions. Although the Company believes that the
expectations reflected in such forward-looking information are reasonable, it can give no
assurance that the expectations of any forward -looking information will prove to be
correct. Known and unknown risks, uncertainties, and other factors which may cause the
actual results and future events to differ materially from those expressed or implie d by
such forward-looking information. Such factors include but are not limited to: compliance
with extensive government regulations; domestic and foreign laws and regulations
adversely affecting the Company’s business and results of operations; and genera l
business, economic, competitive, political and social uncertainties. Accordingly, readers
should not place undue reliance on the forward -looking information contained in this
press release. Except as required by law, the Company disclaims any intention a nd
assumes no obligation to update or revise any forward -looking information to reflect
actual results, whether as a result of new information, future events, changes in
assumptions, changes in factors affecting such forward-looking information or otherwise.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.