Mr. Roger Rosmus reports

GOLIATH RESOURCES ANNOUNCES RESULTS OF SHAREHOLDER MEETING, BOD EXERCISED ITS DISCRETION NOT TO PROCEED WITH CONSOLIDATION

Goliath Resources Ltd. has released the results of its annual and special meeting of shareholders held Jan. 14, 2026. All items of business tabled at the meeting were approved by the requisite majorities, including:

• Roger Rosmus, Graham Warren, Wayne Isaacs and Rein Turna were re-elected as directors of the company;
• McGovern Hurley LLP was reappointed as the auditor of the company;
• The omnibus equity incentive plan was reapproved for use by the company;
• Certain amendments to the plan were approved by the disinterested shareholders of the company;
• The consolidation of the outstanding common shares of the company on the basis of one (new) for up to seven (old) common shares was approved.

Despite the approval of the shareholders of the consolidation at the meeting, the board of directors of the company has exercised its discretion and determined not to proceed with the consolidation.

The meeting materials, including the management information circular dated Nov. 30, 2025, are available under the company's profile on SEDAR+ and on the company's website.

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 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 recently completed its largest fully financed drill campaign to date for a total of 64,364 metres in 2025. It has assays pending for 70 gold only holes and 110 gold equivalent holes. It is fully financed 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. (New York Stock Exchange: MUX) (Toronto Stock Exchange: MUX), Waratah Capital Advisors, Rob McEwen, Eric Sprott and Larry Childress.