Mr. David Kol reports

ZODIAC GOLD EXTENDS EXCLUSIVITY PERIOD WITH AVESORO RESOURCES

Zodiac Gold Inc. is continuing to advance its previously announced negotiations with Avesoro Resources Inc. in respect of a potential strategic transaction pursuant to which the company would transfer its mineral exploration licences covering the Todi project to Avesoro in return for, among other things, a cash payment and a 10-per-cent net profit interest royalty in respect of mineral production from the licensed areas or, if the gold price falls below an agreed benchmark price, a 1-per-cent net smelter return royalty.

In order to provide both parties with additional time to finalize the terms of a definitive agreement in respect of the proposed strategic transaction, Zodiac Gold has extended the exclusivity period in favour of Avesoro for an additional 30 days.

Zodiac Gold has also engaged Evans & Evans Inc., a financial advisory firm, to provide an independent fairness opinion in respect of the proposed transaction to the company's board of directors.

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-kilometre land package. The Todi project has undergone derisking, showcasing gold mineralization at both surface and depth, with five drill-ready targets, of which two have been drilled with high-grade gold intercepts reported.

About Avesoro Resources Inc.

Avesoro is a leading, West Africa-focused, privately owned mid-tier gold exploration, development and production company. With a proven record of operational excellence, the company is recognized for its strategic focus on responsible resource development and its commitment to advancing world-class mining operations across the region.

At the core of Avesoro's portfolio is Bea Mountain Mining Corp. (BMMC), the company's flagship operation in Liberia, which stands as one of the most significant gold producers in West Africa. The operation integrates both open-pit and underground mining, showcasing Avesoro's technical depth and operational diversity. Currently, two open-pit projects are in production, complemented by six active underground mines.

Guided by a deep commitment to sustainability, community engagement and responsible mining, Avesoro upholds rigorous environmental, social and governance (ESG) standards. The company fosters a diverse and inclusive work force, builds strong partnerships with host governments and communities, and continuously strives to deliver meaningful social and economic value through ethical and transparent resource management.

We seek Safe Harbor.