Mr. David Kol reports

ZODIAC GOLD INC. ANNOUNCES HIGH-GRADE CHANNEL SAMPLE RESULTS AT THE TODI GOLD PROJECT IN LIBERIA

Zodiac Gold Inc. has released channel sample results of 17 metres at 1.09 grams per tonne gold and 1.17 metres at 18.79 grams per tonne gold from the Alasala and Alasala South targets, respectively. The targets are three kilometres apart and are included in the company's extensive pipeline of targets within its mineral exploration licences covering over 2,300 square kilometres.

The company concluded a drilling program consisting of eight holes at the Alasala target in October, 2024, and reported results, including 4.05 metres at 13.92 grams per tonne gold (including 1.6 metres at 34.5 grams per tonne gold), seven metres at 2.23 grams per tonne gold (including one metre at 12.65 grams per tonne gold) and 4.25 metres at 0.99 gram per tonne gold (including 0.7 metre at 5.25 grams per tonne gold). Channel samples taken in the Lion Hill artisanal pit during the drilling program returned 6.05 metres at 9.06 grams per tonne gold, including one metre at 46 grams per tonne gold, reinforcing the high-grade potential of the Alasala target (press release dated Oct. 28, 2024).

Follow-up geological mapping and channel sampling at the Alasala target focused on structures cutting across the north-northeast-trending soil anomaly. Seventeen channel samples were taken across a west-northwest-trending structure in the Mandingo Hill area, with results of 17 metres at 1.09 grams per tonne gold, 90 metres south of the mineralized zone intersected in hole ALDD007 (4.05 metres at 13.92 grams per tonne gold). Zodiac Gold considers the northwest-trending Todi shear zone structures to be highly significant in the distribution of gold mineralization in the region, particularly within favourable host rocks such as the amphibolite and melanocratic gneiss package that is consistently observed in artisanal workings from the company's Alasala to Youth Camp targets.

At the Alasala South target, three kilometres southeast of the Alasala target, Zodiac Gold has completed preliminary reconnaissance exploration and is pleased to report that a 1.17-metre channel sample returned a result of 18.79 grams per tonne gold. This further validates the potential for high-grade gold discoveries in the Alasala area. Note that during this initial stage of exploration, channel samples could only be taken on the edge of the artisanal workings due to flooding in the rainy season. More detailed mapping and sampling will be completed during the dry season.

David Kol, president and chief executive officer of Zodiac Gold, commented: "We are excited by the identification of additional mineralized zones associated with northwest-trending structures at Alasala, providing further drilling targets for high-grade gold. The high-grade result from reconnaissance exploration at the previously unexplored Alasala South target further validates the outstanding potential of this target."

Project summary

The Zodiac Gold licences are located only 13 kilometres from the capital city of Monrovia, meaning that the project benefits from existing infrastructure, power and year-round accessibility. The area has significant potential, with extensive artisanal gold mining and only limited systematic exploration completed in the past. Highlights of the project include:

• The Todi project encompasses a vast 2,316-square-kilometre land package situated within an underexplored region of West Africa;
• Mineralization in 57 of 65 holes drilled to date;
• District-scale gold exploration potential with proven high-grade mineralization across multiple drill-ready targets along a 20-kilometre gold corridor, supported by excellent infrastructure and proximity to established mines. Strategically located 20 kilometres southeast of Avesoro's New Liberty gold mine (1.8-million-ounce resource) with production of 360,000 ounces in 2023;
• Extensive stream sediment anomalism, particularly along a major northwest-trending Todi shear zone structure;
• Diamond drilling completed at the Arthington and Alasala targets, plus drill-ready targets at Ben Advisor, Feh Advisor and Youth Camp;
• Drilling highlights from 32 holes at Arthington include six metres at 10.6 grams per tonne gold (including three metres at 20.45 grams per tonne gold), 9.65 metres at 7.5 grams per tonne gold (including three metres at 20.36 grams per tonne gold) and 9.14 metres at 4.2 grams per tonne gold;
• Drilling highlights from Zodiac Gold's 2024 drilling of eight holes at Alasala include 4.05 metres at 13.92 grams per tonne gold (including 1.6 metres at 34.5 grams per tonne gold) and seven metres at 2.23 grams per tonne gold (including one metre at 12.65 grams per tonne gold); results from previous drilling include 6.0 metres at 7.69 grams per tonne gold, 9.0 metres at 4.6 grams per tonne gold as well as a historical result of 19.6 metres at 6.17 grams per tonne gold (resampling of the historical drill core returned results of 21 metres at 4.1 grams per tonne gold);
• The northern part of the project is in a major iron ore district with established infrastructure, along strike from mines with significant historical and current production, owned by Vedanta, Bao Chico and China Union; U.S. Geological Survey mapping shows a 65-kilometre extension of iron-bearing formations from the Bong mine through the Zodiac Gold licences; a historical mineral resource within the licences was reported by West Peak Iron in 2014 (for details, see press release by Zodiac Gold on Oct. 7, 2024).

Sampling, analysis and quality assurance/quality control procedures

The intersection reported at the Alasala target includes 17 one-metre channel samples taken perpendicular to the strike of the zone, therefore the intersection reflects the approximate true thickness of the zone. The intersection reported at the Alasala South target includes a single channel sample, again taken across the interpreted true thickness of the zone.

The material was bagged at the sampling location and transported a short distance to the company's exploration camp at Alasala. All samples met the standards for chain of custody without the opportunity for third party access from Zodiac Gold's exploration camp to the sample preparation laboratory in Monrovia, Liberia. Sample preparation was performed by SGS in Monrovia. Each sample was dried and then crushed to 70 per cent passing minus two millimetres and a representative one-kilogram split was taken by riffle splitting. The split was then pulverized to 85 per cent passing minus 75 microns and approximately 200 grams were bagged and labelled, with the remainder being returned to Zodiac Gold. Analysis was performed by 50-gram fire assay with an atomic absorption finish (method GO_FAA50V10) at SGS Ghana.

Both the preparation and analytical laboratories have internal quality assurance/quality control programs. Zodiac Gold submitted one CRM (certified reference material) sample in the channel sample sequence reported, which returned an acceptable result. No blank or duplicate samples were submitted with the samples reported.

Qualified person

Tom Dowrick, director of exploration at Zodiac Gold, is a chartered geologist of the Geological Society of London and a qualified person as defined by National Instrument 43-101. He has reviewed and approved the technical and scientific information provided in this release.

About Zodiac Gold Inc.

Zodiac Gold is a West African gold exploration company focused on its flagship Todi project situated in Liberia -- an underexplored, politically stable, mining-friendly jurisdiction hosting several large-scale gold deposits. Strategically positioned along the fertile Todi shear zone, Zodiac Gold is developing a district-scale gold opportunity covering a vast 2,316-square-kilometre land package. The Todi project has undergone derisking, showcasing proven gold occurrences at both surface and depth, with five drill-ready targets and high-grade gold intercepts.

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