Mr. David Kol reports

ZODIAC GOLD ANNOUNCES UPSIZING OF LIFE OFFERING

Zodiac Gold Inc., due to strong investor demand, has upsized the listed issuer financing exemption offering previously announced on Jan. 13, 2026, from gross proceeds of up to $4-million to gross proceeds of up to $5-million.

Each unit is priced at 20 cents. Each unit will consist of (i) one common share of the company and (ii) one-half of one non-transferable common share purchase warrant. Each warrant will be exercisable for a period of 36 months from the closing date (as defined herein) and will entitle the holder thereof to purchase one additional common share at an exercise price of 30 cents per warrant share if duly exercised on or before the date that is 36 months following the closing date.

In connection with the upsizing, the company has filed an amended and restated offering document related to the offering and the use by the company of the listed issuer financing exemption (LIFE) under the company's profile on SEDAR+ and has also made it available on the company's website. Prospective investors should read the amended and restated offering document before making an investment decision.

It is expected that closing of the LIFE offering will take place in tranches, with the final closing to occur not later than Jan. 30, 2026, or such other date(s) as may be determined the company. Closing of the LIFE offering is subject to certain conditions including, but not limited to, receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

Proceeds from the LIFE offering will be used primarily to fund a diamond drilling program at the company's Ben Ben target, aimed at expanding resource development and building on the company's recent discovery success at Arthington, within the broader Todi gold project in Liberia and for other exploration activities, technical studies, and general working capital.

The company anticipates paying finder's fees in connection with the LIFE offering to certain eligible finders who introduce investors to the company. Any commissions or finder's fees payable will be in accordance with the policies of the TSXV.

About Zodiac Gold

Zodiac Gold Inc. is a West African gold exploration company focused on its flagship Todi gold project situated in Liberia -- an underexplored, politically stable, mining-friendly jurisdiction hosting several large-scale gold and iron ore deposits.

We seek Safe Harbor.