Goliath Reports Up To 9.87 G/T Au Over 5.00 Meters, Confirms A 320 Meter Expansion Of Golden Gate Zone to The Northeast, Remains Open, On High-Grade Gold Surebet Discovery, Golden Triangle, B.C. ✓ Assay results from multiple gold-rich drill intercepts from 2026 drilling have confirmed the expansion
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Goliath Reports Up To 9.87 G/T Au Over 5.00 Meters, Confirms A 320 Meter
Expansion Of Golden Gate Zone to The Northeast, Remains Open,
On High-Grade Gold Surebet Discovery, Golden Triangle, B.C.
✓ Assay results from multiple gold-rich drill intercepts from 2026 drilling have confirmed the expansion of the Golden
Gate Zone to the northeast by 320 meters of the previously known gold mineralization; it remains open laterally
and at depth (see Figures 1a and 1b).
Figure 1a. Golden Gate Expansion Map
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Figure 1b. Cross Section
✓ Drill hole GD-26-414 intersected multiple mineralized intervals belonging to the Surebet and Golden Gate zones.
The Surebet Zone interval assayed 2.81 g/t Au over 4.00 m, including 9.79 g/t Au over 1.00 m part of the Surebet
Zone. This first interval contains multiple occurrences of VG -NE within quartz -sulphide veins and breccias with
substantial calc-silicate alteration. The Golden Gate interval assayed 9.87 g/t Au over 5.00 m, including 65.65 g/t
Au over 0.75 m part of the Golden Gate Zone . This second interval is characterized by several occurrences of VG -
NE associated with quartz -sulphide veins containing lenses of semi-massive pyrrhotite, galena, sphalerite, and
minor chalcopyrite (see figures 2a and 2b).
Figure 2a. Highlights of Hole GD-26-414 – Golden Gate Zone
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*For reported assay intervals and AuEq calculation please see QA/QC Section on page 15
Figure 2b. Highlights of Hole GD-26-414 – Surebet Zone
*For reported assay intervals and AuEq calculation please see QA/QC Section on page 15
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✓ Drill hole GD-25-420 extended the Golden Gate Zone by 320 meters to the Northeast. The interval assayed 6.51 g/t
AuEq (6.16 g/t Au and 7.27 g/t Ag) over 5.73 m, including 13.49 g/t AuEq (12.79 g/t Au and 14.12 g/t Ag) over 2.73
m, including 36.27 g/t AuEq (34.43 g/t Au and 35.17 g/t Ag) over 0.97 m consisting of a series of broad quartz-
sulphide veins hosted in volcanic rocks where VG-NE occurs in association with semi-massive pyrrhotite, sphalerite,
pyrite and galena (see Figure 3).
Figure 3. Highlights of Hole GD-26-420 – Golden Gate Zone
*For reported assay intervals and AuEq calculation please see QA/QC Section on page 15
✓ Visible Gold to the Naked Eye (VG-NE) has been intersected in multiple veins and shear zones from 20 out of 35
holes drilled in 2026 continuing to confirm consistency of gold mineralization within the Surebet vein system that
remains open laterally and at depth (see Figures 4a, 4b and 4c).
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Figure 4a. Visible Gold to the Naked Eye (VG-NE)
Figure 4b. Visible Gold to the Naked Eye (VG-NE) cont’
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Figure 4c. Visible Gold to the Naked Eye (VG-NE) cont’
✓ All drill holes completed during the 2026 drill campaign have intersected quartz -sulphide mineralization which
generally corresponds to high-grade gold mineralization. 44 out of 98 planned drill holes have been completed with
a total of 23,863 meters drilled in 2026.
✓ The fully funded 2026 planned drill program will include approximately 50,000 meters of systematic drilling with 7
drill rigs designed to expand the known mineralization laterally and to depth in order to test the extent of the
Surebet discovery as well as the potential location of the Motherlode Feeder Source , focused on defining a
resource. The system remains open in multiple directions.
✓ Expansion drilling will continue to focus on extending the footprint of the Bonanza Zone and Golden Gate Zone to
the East and Northeast as well as expanding the Surebet Zone to the West and testing other gold-rich mineralized
lodes/veins that remain open.
✓ Directional drilling where multiple drill holes are extended from a single mother-hole is being employed on selected
drill holes in order to cut down on drill time and money spending while also increasing accuracy of drill targeting.
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Toronto, Ontario – August 10, 2026 – Goliath Resources Limited (TSX-V: GOT) (OTCQX: GOTRF) (FSE: B4IF) (the “Company”
or “Goliath”) is pleased to report assay results that confirm the expansion of the Golden Gate Zone to the Northeast by 320
meters of the previously known gold mineralization on its 100% owned Golddigger Property (the “Property”), Golden Triangle,
British Columbia. The Golden Gate Zone remains open laterally and at depth.
Dr. Quinton Hennigh, Advisor to Goliath and Strategic Investor commented: “When I spoke with the Company prior to this
drill season, they made it abundantly clear that a considerable number of the planned drill holes would test extensions of
various lode systems at the Surebet Discovery. Given that there remains exceptional opportunity to grow the systems high-
grade gold footprint, I was delighted to hear this. We are now seeing the impact of this strategic decision. Drill hole GD-26-
420 encountered a 6.51 g/t AuEq over 5.73 meters across the Golden Gate lode in a position 320 meters northeast of its
previous limit. I believe we will continue to see many further drill extensions over the course of the rest of the 2026 and the
Surebet Discovery is only going to keep on growing with every drill program.”
Mr. Roger Rosmus, Founder & CEO of Goliath states: “Our team is performing like a well-oiled machine. The goal of this 2026
drilling campaign is expansion and the directional drilling being utilized is paying off with the step outs being successful. The
320 meter step out of Golden Gate to the northeast is one example and nice surprise along the way. It is worth noting the
amount of visible gold to the naked eye in the drill holes since we started drilling the Surebet discovery is unique, as well high-
grade gold systems are not known to have such large footprints. After over 400+ drill holes have been completed to date the
system remains open laterally and at depth. Grass roots High -grade gold systems tend to get challenging to grow them. But
Surebet discovery is the opposite, we are challenging the geology and having no problems growing the system with aggressive
step outs. The cadence of dril l holes getting to the lab for assays is ideal, and we hope to have plenty more assa y results
throughout the rest of the year and into 2027.”
Drill hole GD-26-414 intersected multiple mineralized intervals belonging to the Surebet and Golden Gate zones. The Surebet
Zone interval assayed 2.81 g/t Au over 4.00 m, including 9.79 g/t Au over 1.00 m part of the Surebet Zone. This first interval
contains multiple occurrences of VG-NE within quartz-sulphide veins and breccias with substantial calc-silicate alteration. The
Golden Gate interval assayed 9.87 g/t Au over 5.00 m, including 65.65 g/t Au over 0.75 m part of the Golden Gate Zone. This
second interval is characterized by several occurrences of VG -NE associated with quartz-sulphide veins containing lenses of
semi-massive pyrrhotite, galena, sphalerite, and minor chalcopyrite.
Drill hole GD-25-420 intersected the Golden Gate Zone extending it by 320 meters to the Northeast. This interval assayed
6.51 g/t AuEq (6.16 g/t Au and 7.27 g/t Ag) over 5.73 m, including 13.49 g/t AuEq (12.79 g/t Au and 14.12 g/t Ag) over 2.73
m, including 36.27 g/t AuEq (34.43 g/t Au and 35.17 g/t Ag) over 0.97 m consisting of a series of broad quartz-sulphide veins
hosted in volcanic rocks where VG-NE occurs in association with semi-massive pyrrhotite, sphalerite, pyrite and galena.
All drill holes completed during the 2026 drill campaign have intersected quartz -sulphide mineralization which generally
corresponds to high-grade gold mineralization. 44 out of 98 planned drill holes have been completed with a total of 23,863
meters drilled in 2026.
Table 1: Gold equivalent and gold only assay results.
Hole ID From (m) To (m) Interval (m) Au (g/t) Ag (g/t) Cu % Pb % Zn % AuEq (g/t)
GD-26-414
Interval 35.00 39.00 4.00 2.81
Including 35.00 38.00 3.00 3.60
Including 36.00 37.00 1.00 9.79
Interval 45.80 51.45 5.65 1.73
Including 47.65 51.45 3.80 2.53
Including 48.78 51.45 2.67 3.43
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Including 50.65 51.45 0.80 7.80
Interval 509.00 514.00 5.00 9.87
Including 510.00 512.80 2.80 17.61
Including 510.91 511.66 0.75 65.65
GD-26-420
Interval 542.27 548.00 5.73 6.16 7.27 0.01 0.10 0.79 6.51
Including 542.27 545.00 2.73 12.79 14.12 0.02 0.17 1.61 13.49
Including 542.27 544.10 1.83 18.79 20.68 0.03 0.25 2.38 19.82
Including 543.13 544.10 0.97 34.43 35.17 0.05 0.41 4.44 36.27
The expanded Bonanza Zone has a strike of 1.8 km NW-SE and 1.8 km NE-SW. Mineralization in drill core from the expanded
portions of the Bonanza is characterized by the presence of VG-NE as well as sphalerite and pyrrhotite in wide (up to 7 meter)
intervals consisting of sheared quartz-sulphide breccia. Previously the Bonanza Zone contained 5 lodes up to 19 meters thick
with a combined thickness of up to 27 meters and intercepts up to 8.35 g/t AuEq (8.31 g/t Au and 2.30 g/t Ag) over 23.00
meters (drill hole GD-24-280) and remains open for expansion.
Figure
5. Plan View showing the expanded Bonanza Zone