GOT.V · 2022-11-07 12:00:00

GOLIATH REPORTS HIGH-GRADE GOLD MINERALIZATION IN 96% OF FIRST BATCH DRILL HOLE ASSAYS UP TO 24.78 G/T AuEq OVER 11.00 METERS WHITHIN SUREBET ZONE’S 1.6 SQUARE KILOMETER AREA, GOLDEN TRIANGLE, B.C. DRILL HIGHLIGHTS: Hole GD-22-58 collared from South Cliff Stepout Pad intercepted high-grade gold mine

Drill Results

GOLIATH REPORTS HIGH-GRADE GOLD MINERALIZATION IN 96% OF FIRST BATCH DRILL

HOLE ASSAYS UP TO 24.78 G/T AuEq OVER 11.00 METERS WHITHIN SUREBET ZONE’S

1.6 SQUARE KILOMETER AREA, GOLDEN TRIANGLE, B.C.

DRILL HIGHLIGHTS:

Hole GD-22-58 collared from South Cliff Stepout Pad intercepted high-grade gold mineralization

containing 24.80 gpt AuEq (22.03 gpt Au and 127.62 gpt Ag) over 11.00 meters* including 38.70

gpt AuEq (34.42 gpt Au and 197.45 gpt Ag) over 7.00 meters* and 44.47 gpt AuEq (39.60 gpt Au

and 224.10 gpt Ag) over 6.07 meters*.

Hole GD-22-49 collared from Pad A intersected high-grade gold mineralization containing 21.30

gpt AuEq (20.46 gpt Au and 40.06 gpt Ag) over 7.77 meters*, including 27.55 gpt AuEq (26.47 gpt

Au and 51.551 gpt Ag) over 6.00 meters*. Additional high-grade gold-mineralized intervals above

the main Surebet Zone in this hole include 6.93 gpt AuEq (6.74 gpt Au and 7.46 gpt Ag) over 4.00

meters* and 3.37 gpt AuEq (3.27 gpt Au and 2.79 gpt Ag) over 4.00 meters*.

Hole GD-22-48 collared from North Rubble intersected high-grade gold mineralization containing

12.61 gpt AuEq (6.98 gpt Au and 441.59 gpt Ag) over 11.00 meters* including 15.37 gpt AuEq

(8.42 gpt Au and 537.57 Ag) over 9.00 meters* and 32.84 gpt AuEq (18.20 gpt Au and 1141.70

gpt Ag) over 4.00 meters*. Additional intervals of gold-mineralization occurring below the main

Surebet Zone assayed up to 1.15 gpt AuEq (0.75 gpt Au and 29.40 gpt Ag) over 1 meter*.

Hole GD-22-46 collared from North Rubble intersected high-grade gold mineralization containing

8.91 gpt AuEq (5.63 gpt Au and 240.00 gpt Ag) over 9.10 meters* including 13.19 gpt AuEq (8.77

gpt Au and 322.59 gpt Ag) over 5.77 meters*.

Hole GD-22-53 collared from South Cliff Stepout Pad intercepted multiple intervals of high-grade

gold-mineralization consisting of 10.26 gpt AuEq (9.98 gpt Au and 10.34 gpt Ag) over 9.70 meters*

including 15.29 gpt AuEq (14.89 gpt Au and 14.21 gpt Ag) over 6.48 meters* and 39.52 gpt AuEq

(39.13 gpt Au and 17.26 gpt Ag) over 2.20 meters*. Additional gold-mineralized intervals above

and below the main Surebet Zone include 13.12 gpt AuEq (11.70 gpt Au and 54.60 gpt Ag) over 1

meter and 8.23 gpt AuEq (7.52 gpt Au and 59.50 gpt Ag) over 1 meter*.

Hole GD-22-50 collared from Pad A intersected high-grade gold mineralization containing 6.15

gpt AuEq (5.97 gpt Au and 4.34 gpt Ag) over 6.30 meters*, including 11.89 gpt AuEq (11.6 1 gpt

Au and 6.84 gpt Ag) over 3.16 meters*. Additional gold -mineralized intervals above and below

the main Surebet Zone in this hole include 1.39 gpt AuEq (1.35 gpt Au and 1.38 gpt Ag) over 11.10

meters* and 2.07 gpt AuEq (2.05 gpt Au and 0.56 gpt Ag) over 4.10 meters* respectively.

Hole GD-22-71 collared from Pad 16 intersected high-grade gold mineralization containing 7.59

gpt AuEq (5.52 gpt Au and 152.89 gpt Ag) over 11.00 meters* including 13.29 gpt AuEq (9.86 gpt

Au and 259.24 gpt Ag) over 6.00 meters*. Additional gold-mineralized intervals above and below

the main Surebet Zone include 34.67 gpt AuEq (32.30 gpt Au and 63.70 gpt Ag) over 2.00 meters*

and 1.91 gpt AuEq (1.85 gpt Au and 1.54 gpt Ag) over 10.00 meters*.

Hole GD-22-68 collared from Pad 16 intersected multiple intervals of gold mineralization assaying

up to 4.99 gpt AuEq (4.74 gpt Au and 9.31 gpt Ag) over 6 meters*, including 13.27 gpt AuEq (13.05

gpt Au and 20.55 gpt Ag) over 2.00 meters*.

Hole GD-22-36 collared from Pad 11 intersected high-grade gold mineralization containing 12.23

gpt AuEq (12.19 gpt Au and 1.70 gpt Ag) over 3.00 meters*. The sampling of this hole started in

gold mineralization grading 36.37 gpt Au over 1 meter and remains open above.

Hole GD-22-44 collared from Pad 11 intersected 3.46 gpt AuEq (3.44 gpt Au and 0.61 gpt Ag) over

3.00 meters*, including 8.06 gpt AuEq (8.04 gpt Au and 0.64 gpt Ag) over 1.00 meters*. The hole

ended in gold mineralization of 2.24 gpt AuEq over 1 meter and remains open to depth.

Hole GD-22-73 collared from Pad 1 intersected 1.33 gpt AuEq (1.20 gpt Au and 4.12 gpt Ag) over

28.59 meters*. The hole also intercepted a series of additional intervals that assayed up to 4.08

gpt AuEq (3.94 gpt Au and 1.40 gpt Ag) over 3 meters*.

Hole GD-22-65 collared from Northwest Pad intersected 3.80 gpt AuEq (2. 78 gpt Au and 43. 40

gpt Ag) over 3.00 meters* including 5.5 1 gpt AuEq (4.0 5 gpt Au and 62.05 gpt Ag) over 2.00

meters*.

96% (or 27 of 2 8) of widely spaced drill holes assayed this year from within the 1.6 square

kilometer area on Surebet Zone intersected broad high-grade intervals of high-grade gold-silver

mineralization demonstrating the continuity of this newly discovered large gold system. Assays

are pending for 43 additional holes from pads 3, 5, 7, 8, 10, 13, 17, Midwest, West of NE Fault

and G, all located within the Surebet Zone that remains open. Assays will be released once

received, compiled, and interpreted (see map below).

98% (or 53 of 54) of widely spaced drill holes assayed to date (24 in 2021 and 27 in 2022) within

the 1.6 square kilometer Surebet Zone has intersected broad high-grade intervals of gold-silver

mineralization.

48% of all 92 drill holes (or 44) drilled in 2021/22 within th e 1.6 square kilometer Surebet Zone

area intercepted intervals >10 meters* containing galena, sphalerite and pyrrhotite. In 2021, 25 %

of drill holes (or 6 out of 24) intercepted intervals greater than 10 meters* of galena, sphalerite

and pyrrhotite, whereas in 2022, 56 % of drill holes (or 38 out of 68) intercepted intervals greater

than 10 meters* of galena, sphalerite and pyrrhotite.

Assays have also shown that a number of holes contain high-grade gold-silver mineralization in

base-metal-free quartz -breccia and quartz -vein-stockwork not directly associated with galena

and/or sphalerite, further confirming the presence of free gold in the system that include GD-22-

36 and GD-22-44 (see images above).

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