Mr. David Kol reports

ZODIAC GOLD APPOINTS BRETT RICHARDS AS CHAIRMAN AND ANNOUNCES AGSM RESULTS

Zodiac Gold Inc. has appointed seasoned and renowned mining executive Brett Richards as the new chairman of the board at its annual general and special meeting of shareholders held on Sept. 8, 2026 (the AGSM).

Mr. Richards has worked closely with the board of directors and management team as an adviser since June, 2026. As Zodiac Gold advances an aggressive exploration program across its district-scale land package along the Todi shear zone in Liberia, Mr. Richards assumes his leadership role at a pivotal moment in the company's growth. In his former role as CEO of Liberian gold explorer Pasofino Gold, Richards advanced the 3.9-million-ounce Dugbe gold project, one of the largest undeveloped gold assets in West Africa, toward a production decision and successfully sold Pasofino Gold to Mansa Resources earlier this year.

Brett Richards, chairman of Zodiac Gold, commented: "Liberia offers significant potential for gold discovery and development, and I am proud to lead the board of an emerging explorer positioned to contribute to the growth of the country's mining sector. This exploration season has thus far surpassed our expectations, not only because Zodiac Gold is hitting gold in every trench and almost every drill hole across multiple targets, but even more so because of the growing footprint of new gold discoveries along our Todi shear zone. I am looking forward to working with our team and contributing to advancing the development of Zodiac Gold towards its Todi gold project mineral resource estimate, as well as its mineral development agreement. It is an exciting time for Zodiac Gold shareholders, and I will continue to support the company's growth with my expertise wherever I can, as we grow the investor base and overall awareness of this emerging jurisdiction and project."

"Brett's appointment as chairman is a transformational moment for Zodiac Gold," said David Kol, president and chief executive officer of Zodiac Gold. "He's an extremely respected executive in the global mining industry, with a rare combination of operational discipline, capital markets acumen, and a proven ability to build companies and create lasting value for shareholders. Brett's leadership, strategic insight and global network will be invaluable as we work to define what we believe can be Liberia's next major gold district. On behalf of the entire board and management team, I want to welcome Brett into this role, and I want to thank our shareholders for their overwhelming support at this year's AGSM."

About Brett Richards

Mr. Richards is a globally recognized mining executive, investor and entrepreneur with over 35 years of experience building and leading private and publicly listed mining companies, ranging from microcap explorers to large-scale, multiasset producers. With more than three decades focused extensively on Africa, Mr. Richards brings deep expertise across the full mining life cycle -- greenfield and brownfield exploration, mine development, construction, operations, project rehabilitation, and strategic business development -- and has personally built three mines and led the turnaround of two additional operations.

Earlier in his career, Mr. Richards held senior executive positions at Kinross Gold Corp. and Co-Steel Inc., before going on to lead value-creating growth and strategic exits at Katanga Mining, Avocet PLC and Pasofino Gold. He currently holds strategic positions in Gold X2 (formerly Goldshore Resources), Midnight Sun Mining, VR Resources and Stratex Resources, each of which has delivered more than 10 times accumulated value appreciation for shareholders during his involvement. Mr. Richards also manages Richards Enterprises Inc., a Bahamas-based single-family office with investments spanning mining and metals, postconsumer goods recycling, real estate, and digital asset platforms.

AGSM results

At the AGSM, shareholders voted in favour of all items put forward by the board and management. David Kol, Brett Richards, Douglas Cater, Graham Warren, Lawrence Lepard and Mark Kol were all elected as directors of the company. The shareholders appointed McGovern Hurley LLP, chartered professional accountants, as auditor of the company, and approved the company's equity incentive plan, all as set out in the company's management information circular dated Aug. 5, 2026, which can be found on SEDAR+.

Board transition

At the AGSM, Michael Demeter did not stand for re-election and has stepped down from the board after two years of service. Mr. Demeter, a capital markets veteran with senior roles at Velocity Trading, Haywood Securities, Macquarie Group, Dundee Securities, RBC and Scotiabank, joined the board in 2024 and was a valued voice for the company through an important stage of its growth.

"On behalf of the board and everyone at Zodiac Gold, I want to sincerely thank Mike for his dedication, sound judgment and genuine commitment to this company over the past two years," said Mr. Kol. "Mike's capital markets expertise and steady counsel helped guide Zodiac Gold through a formative period, and his fingerprints are on much of the foundation we're building on today. We are deeply grateful for his service and friendship, and we wish him nothing but continued success."

About Zodiac Gold Inc.

Zodiac Gold is a West African gold exploration company focused on its flagship Todi gold project 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 gold project has undergone derisking, showcasing proven gold occurrences at both surface and depth, with five drill-ready targets, three of which have been drilled, delivering high-grade gold intercepts.

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