Mr. David Kol reports

ZODIAC GOLD COMMENCES PHASE III DRILL PROGRAM AT THE ARTHINGTON TARGET

Zodiac Gold Inc. has commenced drilling on its Arthington target, part of the company's 100-per-cent-owned Todi gold project.

"We are excited to launch this next phase of drilling at Arthington, which represents a critical step toward defining a deposit in one of West Africa's most promising underexplored gold regions," said David Kol, president and chief executive officer of Zodiac Gold. "Following two successful phases of drilling, phase III is designed to both derisk and grow the potential at Arthington as we work toward establishing Zodiac Gold as a premier West African gold explorer."

The phase III program will include up to 3,000 metres of diamond drilling, with a focus on refining the interpretation of the mineralized shear zones and the understanding of additional controls on mineralization. The campaign also aims to expand on earlier successes by testing extensions along strike and at depth.

Previous drilling highlights at Arthington include:

• 7.50 grams per tonne (g/t) gold (Au) over 9.65 metres (m) from a depth of 87.35 m (including 20.36 g/t Au over three m);
• 10.60 g/t Au over six m from a depth of 55 m (including 20.45 g/t Au over three m);
• 2.10 g/t Au over 25.90 m from a depth of 93.30 m (including 4.20 g/t Au over 9.14 m);
• 4.67 g/t Au over 5.65 m from a depth of 10.25 m (including 11.70 g/t Au over two m);
• 1.10 g/t Au over 17 m from a depth of 60 m (including 3.07 g/t Au over one m and 2.47 g/t Au over three m) (1).

Over 5,500 m of drilling have already been completed at Arthington, with gold mineralization intersected in 30 of 32 holes. The majority of the drilling has been completed along a strike length of 1.1 kilometres (km), within the plus-four-kilometre gold-in-soil anomaly at Arthington. The target remains open along strike and at depth, and includes multiple artisanal mining sites.

Pending the successful close of the current financing (refer to the news release dated March 18, 2025), the phase III program will be supported by a high-resolution magnetic survey across the broader Arthington to Youth Camp corridor, which includes a 16 km gold-in-soil anomaly and numerous artisanal mining sites. The study will refine the interpretation of potential structural and lithological controls on mineralization, which will then be used to generate further drilling targets.

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 news 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 and iron ore deposits. Strategically positioned along the fertile Todi shear zone, Zodiac Gold is developing a district-scale gold opportunity with additional iron ore potential, covering a vast 2,316 square km land package. The Todi gold project has undergone derisking, showcasing proven gold occurrences at both surface and depth, with five drill-ready targets and high-grade gold intercepts.

Highlights of the project include:

• Located only 13 km from the capital city of Monrovia, meaning that the project benefits from existing infrastructure, power and year-round accessibility;
• District-scale gold exploration potential with proven high-grade mineralization across multiple drill-ready targets along a 20 km gold corridor. Strategically located 20 km southeast of Avesoro's New Liberty gold mine (1.8-million-ounce resource) with production of 360,000 ounces in 2023 (Avesoro website);
• Drilling highlights from 32 holes at the Arthington target include six m at 10.6 g/t Au (including three m at 20.45 g/t Au), 9.65 m at 7.5 g/t Au (including three m at 20.36 g/t Au) and 9.14 m at 4.2 g/t Au (1);
• Drilling highlights at the Alasala target include 19.6 m at 6.17 g/t Au, 6.0 m at 7.69 g/t Au, 9.0 m at 4.6 g/t Au and 4.05 m at 13.92 g/t Au (including 1.6 m at 34.5 g/t Au) (2) (3).

(1) Please refer to the company's April 30, 2024, news release for further details.

(2) Please refer to the company's Aug. 12, 2024, news release for further details.

(3) Please refer to the company's Oct. 28, 2024, news release for further details.

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