Mr. Roger Rosmus reports

GOLIATH RESOURCES CLOSES $9,800,000 NON-BROKERED PRIVATE PLACEMENT WITH INSTITUTIONAL SUPPORT

Goliath Resources Ltd. has closed a non-brokered private placement financing with institutional support for aggregate gross proceeds of approximately $9.8-million. Under the offering, the company issued 6,057,000 common shares in the capital of the company at a price of $1.62 per flow-through share. Each flow-through share qualifies as a flow-through share as defined in Subsection 66(15) of the Income Tax Act (Canada). No warrants were issued and no finders' fees or commissions were paid in connection with the offering.

Roger Rosmus, founder and chief executive officer of Goliath Resources, stated: "We welcome the continued support from the institutional community for our grassroots high-grade Surebet gold discovery at our Golddigger property located in the Golden Triangle. The overall current market has been extremely volatile. These additional funds are an insurance policy that further enhances our strong balance sheet and puts us in a stronger position, with approximately $27.5-million in cash going into 2027 and our planned exploration drill program. We look forward to announcing assays on the 55 holes that are still pending from the 2026 drill program once received, compiled and interpreted. In the interim, please check out our new Surebet discovery interactive 3-D model [on-line]."

The flow-through shares were issued to subscribers pursuant to available prospectus exemptions under National Instrument 45-106, Prospectus Exemptions, and are subject to a statutory four-month hold period ending March 1, 2027, pursuant to applicable Canadian securities laws. The offering remains subject to the final approval of the TSX Venture Exchange.

The gross proceeds from the issue and sale of the flow-through shares will be used to incur exploration expenses that qualify as Canadian exploration expenses as defined in Subsection 66.1(6) of the tax act and flow-through mining expenditures as defined in Subsection 127(9) of the tax act for purposes of the mineral exploration tax credit on the company's flagship Golddigger-Surebet gold project, located in British Columbia, Canada. Such qualifying expenditures will be incurred on or before Dec. 31, 2027, and renounced to the subscribers with an effective date no later than Dec. 31, 2026.

About Goliath Resources Ltd.

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 geopolitically safe jurisdictions amenable to mining in Canada. Goliath Resources is a member and active supporter of CASERM (Center to Advance the Science of Exploration to Reclamation in Mining), which is an organization that represents a collaborative venture between Colorado School of Mines and Virginia Tech. In 2025, Goliath Resources completed its largest drill program to date for a total of 64,364 metres and has recently completed a fully financed drill program in 2026 comprising 48,443 metres; assays are pending for 55 holes. The company's key strategic cornerstone shareholders include Crescat Capital, a global commodity group (Singapore), McEwen Inc., Waratah Capital Advisors, Rob McEwen, Eric Sprott and Larry Childress.

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