Gold Runner Exploration Inc. press release

Goliath Intersects Several High-Grade Holes Including 19.13 g/t Au Over 6.10 Meters, Drilling Significantly Expands Extent Of Gold Mineralization In All 5 Main Zones That Remain Open

2026-01-20

CSE - Canadian National Stock Exchange · Gold · Silver · Arsenic · Antimony · Copper · Mercury · Canada

At Surebet, 110 Holes From 2025 Are Pending Assays For Gold Equivalent Results

This news release includes the final 70 holes completed during the 2025 drilling campaign that were assayed for Gold Only. Assays are still pending for 110 drill holes from 2025 for multi-element gold equivalent (AuEq) results. These results will be released in the near future once all assays have been received, compiled and interpreted. 100% of the drill holes completed to date, have all intersected gold mineralization clearly demonstrating the remarkable continuity, grades, and widths in 5 Main Gold-Rich Zones comprising 46 mineralized lodes that remain open for expansion. Of the holes drilled during the 2025 campaign, 83 out of 110 holes (or 76%) contained visible gold to the naked eye (VG-NE). The fully funded 2026 drill program will be mainly focused on expanding the 5 Main Mineralized Zones. Data compilation and interpretation is underway which will be used to vector in on the indicated Motherlode causative intrusive source to this extensive high grade gold system with widespread VG-NE.

DRILL HIGHLIGHTS:

All intercepts below are approximately true width, and these assays reflect gold only (The gold equivalent (AuEq) values in all 110 drill hole intervals will be adjusted accordingly and announced, once the Silver, Copper, Lead and Zinc values are received, compiled and interpreted):

GD-25-319

Drill hole GD-25-319 intersected 19.13 g/t Au over 6.10 meters, including 22.86 g/t Au over 5.10 meters, including 29.09 g/t Au over 4.00 meters in quartz-sulphide veins, part of the Golden Gate Zone, containing multiple occurrences of gold visible to the naked eye (VG-NE); see image below. An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/d53fca16-084f-4c73-b55d-cc763f7dc1cf

GD-25-405

Drill hole GD-25-405 intersected 10.58 g/t Au over 8.30 meters, including 14.04 g/t Au over 6.25 meters including 15.50 g/t Au over 5.60 meters from a quartz-sulphide breccia, part of the Bonanza Zone, containing multiple occurrences of VG-NE; see image below. Additional intervals include 3.25 meters of 2.47 g/t Au in quartz-sulphide veins part of the Surebet Zone. An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/8720c217-d2a4-43f9-a325-fd23e851781e

GD-25-312

Drill hole GD-25-312 intersected 10.56 g/t Au over 3.70 meters from a gold-rich quartz-sulphide breccia interval, part of the Surebet Zone; see image below.

An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/75322c0e-33ed-4b26-af06-9266777a064d

GD-25-345

Drill hole GD-25-345 intersected 4.47 g/t Au over 6.00 meters including 6.68 g/t Au over 4.00 meters, including 7.93 g/t Au over 3.36 meters from a series of quartz-sulphide veins, part of the Golden Gate Zone, containing multiple occurrences of VG-NE as well as semi-massive to massive sphalerite and pyrrhotite; see image below. Additional separate intervals include 3.92 g/t Au over 3.79 meters part of the Whopper Zone and 3.83 g/t Au over 3.78 meters. An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/c1952d21-c3bf-49bd-9244-ea34a64454ae

GD-25-330

Drill hole GD-25-330 intersected 7.48 g/t Au over 3.55 meters from an interval with quartz-sulphide veins, part of the Golden Gate Zone, containing VG-NE; see image below.

An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/21f04898-eb56-495f-90d0-01b60a3c42fa

GD-25-326

Drill hole GD-25-326 intersected 8.57 g/t Au over 3.00 meters from a quartz-sulphide vein and breccia interval part of the Surebet Zone; see image below.

An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/e6116782-0b51-4ab5-8419-85e4e9608a48

GD-25-401

Drill hole GD-25-401 intersected 4.89 g/t Au over 5.00 meters, within 2.96 g/t Au over 8.89 meters, part of the Surebet Zone, from a brecciated and strongly calc-silicate altered section; see image below. Additional intervals include 3.0 g/t Au over 4.11 meters part of the Surebet Zone, as well as 2.4 g/t Au over 3.1 meters, part of the Golden Gate Zone. An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/dcc469ca-c7a9-43fe-84c9-730be45980b6

GD-25-349

Drill hole GD-25-349 intersected 5.50 g/t Au over 4.00 meters, including 7.34 g/t Au over 3.00 meters from a series of quartz-sulphide veins, part of the Bonanza Zone; see image below.

An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/14b248cf-d785-433a-a3d0-1a7f60a87902

GD-25-367

Drill hole GD-25-367 intersected 7.10 g/t Au over 3.00 meters from an interval of quartz-sulphide veining, part of the Golden Gate Zone, containing multiple occurrences of VG-NE; see image below.

Three accompanying infographics are available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/185756f2-4751-492d-8214-1e0fba442757 https://www.globenewswire.com/NewsRoom/AttachmentNg/96889faf-4590-4dea-b065-d53b13f46558 https://www.globenewswire.com/NewsRoom/AttachmentNg/7c9c67d8-b016-4419-a0de-63d0ffb0caea

Assay results from the recently completed 64,364 meters of drilling have significantly expanded the extent of the high-grade gold mineralization at the Surebet Discovery that remains open for expansion laterally and at depth. The updated model for the Surebet system, which includes all the 2025 gold assay results, consists of 5 extensive mineralized zones comprising 46 gold-rich lodes as well as gold-rich Eocene-aged RIRG dykes: The Bonanza Zone has a strike of 1.8 km NW-SE and 1.1 km NE-SW containing 5 lodes up to 19 meters thick with a combined thickness of up to 27 meters and intercepts up to 13.53 g/t AuEq (12.10 g/t Au and 54.13 g/t Ag) over 11.00 meters (drill hole GD-22-100) and remains open for expansion. An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/33eb4b9c-9f92-45d4-b243-7e7879570957

The Surebet Zone has a strike of 1.2 km NW-SE and 930 meters NE-SW containing 9 lodes up to 19 meters thick with a combined thickness of up to 30 meters and intercepts up to 21.08 g/t AuEq (18.95 g/t Au and 95.31 g/t Ag) over 23.00 m (drill hole GD-23-157) and remains open for expansion to the SW.

An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/1ca40f5d-7221-4f92-94b8-d12e6bc5510c

The Golden Gate Zone has a strike of 1.3 km E-W and 820 meters N-S containing 18 lodes up to 14 meters with a combined thickness of up to 49 meters and with intercepts up to 34.52 g/t AuEq (34.47 g/t Au and 3.96 g/t Ag) over 39.00 m (drill hole GD-24-260) and remains open for expansion.

An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/a9a1d076-f66d-402c-98f9-bf75f159f738

The Whopper Zone has a strike of 800 meters N-S and 450 meters E-W containing 12 lodes up to 6 meters thick with a combined thickness of up to 30 meters and intercepts up to 32.67 g/t AuEq (32.56 g/t Au and 8.92 g/t Ag) over 4.00 m (drill hole GD-24-262) and remains open for expansion.

An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/b957c9e3-1419-42e7-9f52-a7a6f109c725

The Eldorado Zone has a strike of 680 meters E-W and 700 meters N-S containing 2 lodes up to 5 meters thick with a combined thickness of up to 7 meters and intercepts up to 7.91 g/t AuEq (7.44 g/t Au and 22.40 g/t Ag) over 7.15 m (drill hole GD-23-221) and remains open for expansion.

An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/7c82f75a-f5c4-4396-a6b9-5fee42d08602

The gold-rich Eocene-aged dykes extend for up to 1.4 km N-S and a vertical relief of up to 890 meters with widths up to 25 meters and intercepts up to 12.03 g/t AuEq (11.84 g/t Au and 15.61 g/t Ag) over 10.00 meters (drill hole GD-22-58) and remain open for expansion.

An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/7c731f15-97e6-44f5-8017-e81c063d77a7

UPDATED 3D MODEL VIDEO (CLICK HERE)

100% of the drill holes completed to date on the Surebet Discovery have intersected substantial quartz-sulphide mineralization. In 2025, VG-NE was observed in 83 drill holes out of 110 (or 76%).

355 out of 386 representing 92% drilled to date at the Surebet Discovery contain VG-NE (see heat map below).

An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/df7e0fc8-3add-4db6-906c-26d54f8bfeed

The remarkable continuity, widths and grades demonstrated by drilling in multiple lodes shows this extensive 1.8 km2gold system continues to demonstrate strong potential to become one of the most significant gold discoveries in British Columbia’s Golden Triangle in many years. The strong results received to date will help vector in on drilling targets that remain open with excellent expansion potential.

High-grade gold has been identified in three distinct rock packages discovered to date at the Surebet Discovery. This includes the gently dipping gold-rich stacked quartz-sulphide breccias/stockwork veins; the gold-rich intermediate to felsic Eocene-aged dykes; and the recently discovered broad gold-rich zones of calc-silicate altered breccia. All mineralized rock types contain substantial amounts of VG-NE (from fine-grained to coarse-grained gold) and remain open for expansion. This confirms the presence of a Motherlode magmatic source nearby, a causative intrusion responsible for the extensive 1.8 km2high-grade gold system at Surebet.

TORONTO, Jan. 20, 2026 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the“Company” or“Goliath”) is pleased to report assay results (gold only) for the remaining holes from the 2025 drill campaign at the Surebet Discovery on its 100% controlled Golddigger Property (the “Property”), Golden Triangle, British Columbia. Highlights include drill hole GD-25-319 which intersected 19.13 g/t Au over 6.10 meters as well as drill hole GD-25-405 which intersected 10.58 g/t Au over 8.30 meters. Every drill hole completed so far, including all 110 holes from the 2025 season, has successfully intersected gold mineralization. These results confirm predictable continuity, grade, and width across 5 Gold-Rich Zones and 46 Distinct Lodes, all of which remain open for expansion. The fully funded 2026 drill program will focus on expanding the 5 Main Mineralized Zones, testing the Motherlode causative intrusive source, and build toward a future resource.

Dr. Quinton Hennigh, Geologic & Technical Advisor to Crescat Capital, a strategic investor in Goliath, states: “The consistent reporting of thick high-grade gold intercepts from Surebet is remarkable. Yet again, we see in this news release several more holes that demonstrate the strong predictability of this lode system. Visible gold in core consistently delivers strong assays. While we have to remain patient to see the gold equivalent results from the final 110 drill holes, the confidence around the continuity of these lodes, their thickness and grade is growing with every release. Goliath is doing a great job to continually update the geologic model, with the assistance from the Colorado School of Mines, to show the remarkable Surebet gold discovery.”

Mr. Roger Rosmus, Founder & CEO of Goliath states:_“The Surebet high-grade gold discovery continues to grow during every new season of drilling. To date, we have discovered a series of stacked gently dipping high-grade gold veins analogous to the Pogo mine in Alaska. In addition, we have started to drill into a series of vertical Eocene-aged RIRG dykes were emplaced roughly the same as the stack veins. We have yet to find the limits of the stacked veins and RIRG dykes, which all remain open, or the source of where they come from, but we are excited about using them to vector into the Motherlode source. What is outstanding about the various high-grade gold mineralization is the vast distribution VG-NE over a large area, which makes the Surebet discovery unique. Another intriguing aspect of the VG-NE is that at the top of the system it is fine-grained and sporadic and as we drill deeper into the system it becomes abundant and course-grained. Which has us excited about following it toward the source. We have two sets of stacked veins (the Surebet series and Bonanza series) that dip in opposite directions but come together at the Hinge Zone. It is becoming clearer, especially through our 2025 drilling campaign, that the Hinge Zone has the potential to be a starter zone for underground high-grade gold bulk mining. Our team, including key people at the Colorado School of Mines, are excited about the advanced geological studies to help us prepare for the 2026 drilling season. We are in the best financial position the company has ever been in as we are fully funded for our 2026 drilling campaign and are looking forward to expanding on the tremendous Surebet high-grade gold discovery.”_

Assay results from the recently concluded 64,364-meter drill program have significantly expanded the high-grade footprint of the Surebet Discovery, which remains open for further growth. An updated geological model incorporating all 2025 data identifies 5 primary mineralized Zones: Bonanza, Surebet, Golden Gate, Whopper, and Eldorado. Collectively these Zones comprise 46 gold-rich lodes and associated Eocene-aged RIRG dykes.

Table 1: Five main modelled gold rich zones and dykes.

Reported assay results from the 2025 drill campaign have yielded several high-grade gold intercepts across the Golden Gate, Bonanza, and Surebet Zones, characterized by frequent occurrences of VG-NE, as well as substantial sulphide mineralization. Highlights include drill hole GD-25-319 which intersected 19.13 g/t Au over 6.10 meters, including 22.86 g/t Au over 5.10 meters, including 29.09 g/t Au over 4.00 meters from the Golden Gate Zone. Drill hole GD-25-405 which intersected 10.58 g/t Au over 8.30 meters, including 14.04 g/t Au over 6.25 meters including 15.50 g/t Au over 5.60 meters from the Bonanza Zone, and drill hole GD-25-312 which intersected 10.56 g/t Au over 3.70 meters from the Surebet Zone. The gold grades, coupled with VG-NE within substantial quartz-sulphide veins, stockworks, and breccias, which are mineralized with sphalerite, pyrrhotite, and chalcopyrite, highlight the potential for further expansion. These intercepts are approximately true width, and the assays reflect gold only. Multi-element gold equivalent grades for all drill holes will be released once all assays have been received, compiled and interpreted in the near future. See Table 2 below for a full list of assay results for all the remaining holes of the 2025 drill campaign.

High-grade gold has been identified in three distinct rock packages discovered to date at the Surebet Discovery. This includes the gently dipping gold-rich stacked quartz-sulphide breccias/stockwork veins; the gold-rich intermediate to felsic gold-Rich dykes; and the recently discovered broad gold-rich zones of calc-silicate altered breccia. All mineralized rock types contain substantial amounts of VG-NE (from fine-grained to coarse-grained gold) and remain open for expansion. This confirms the presence of a Motherlode magmatic source nearby, a causative intrusion responsible for the extensive 1.8 km2 high-grade gold system at Surebet.

The remarkable continuity, widths and grades encountered across multiple lodes underscore the significance of this 1.8 km2gold system which has strong potential to become one of the most significant gold discoveries in British Columbia’s Golden Triangle in many years. Success to date has effectively vectored toward several open targets, providing a strong foundation for further expansion in the 2026 drilling campaign.

Surebet Discovery Highlights

Assay results are still pending for 110 holes from the 2025 exploration campaign for the gold equivalent (AuEq) values, that will be announced once received, compiled and interpreted.

83 out of 110 holes (or 76%) drilled in 2025 contain VG-NE, 100% of holes drilled to date at the Surebet Discovery have intersected substantial quartz-sulphide mineralization. See news releases dated: November 17, 2025, October 27, 2025, September 22, 2025, September 8, 2025, August 26, 2025, and July 28, 2025.

60 out of 64 holes (or 94%) drilled in 2024 contain VG-NE up to 11.5 mm (7/16 inches) in size, all of which returned high-grade gold. See news releases dated: July 7, 2025, June 23, 2025, January 7, 2025, January 13, 2025, February 10, 2025, February 18, 2025, February 27, 2025, December 12, 2024 and July 30, 2024.

92% of the holes (355 out of 386) drilled to date at Surebet contain VG-NE (see heat map above).

The best hole drilled to date is GD-24-260 previously reported from the Bonanza Zone assayed 34.52 g/t AuEq (34.47 Au and 3.96 Ag) over 39.00 meters, including 132.93 g/t AuEq (132.78 Au and 12.98 Ag) over 10.00 meters, and 166.04 g/t AuEq (165.84 Au and 16.07 Ag) over 8.00 meters (see news release dated January 13, 2025). ). More details on the QA/QC protocol can be found in the section titled “QA/QC Protocol” below.

The best hole drilled to date from the RIRG Eocene-aged dykes is GD-22-58 that assayed 12.03 g/t AuEq (11.84 g/t Au and 15.61 g/t Ag) over 10.00 meters including 19.91 g/t AuEq (19.62 g/t Au and 25.61 g/t Ag) over 6.00 meters, including 23.82 g/t AuEq (23.47 g/t Au and 30.54 g/t Ag) over 5.00 meters, plus a second separate interval down hole of 8.59 g/t AuEq (8.35 g/t Au and 20.74 g/t Ag) over 5.00 meters (see news release dated March 13, 2025). ). More details on the QA/QC protocol can be found in the section titled “QA/QC Protocol” below.

The best hole drilled to date from the third distinct rock package consisting of calc-silicate altered breccia is drill hole GD-25-337, which intersected 10.60 g/t Au over 22.82 meters, including 15.19 g/t Au over 15.71 meters, including two separate intervals consisting of 37.28 g/t Au or 1.20 oz/t Au over 3.36 meters and 36.11 or 1.16 oz/t Au over 3.08 meters. The intercept is approximately true width, and these assays reflect gold only (AuEq value in the interval will be adjusted accordingly once Ag, Cu, Pb and Zn are received and interpreted). More details on the QA/QC protocol can be found in the section titled “QA/QC Protocol” below.

Multiple gently dipping gold-mineralized stacked veins have been identified every year on the Surebet high-grade gold discovery. Recent discoveries include gold-rich RIRG dykes, Goldilocks Zones where the veins and vertical dykes crosscut (which are characterized by having high-grade gold in two temperature regimes) and recently discovered high-grade gold in a third distinct rock package characterized by calc-silicate altered breccia, which increases potential tonnage and gold content of the high-grade gold system at the Surebet Discovery.

The footprint of the mineralization discovered to date at Surebet is 1.8 km2and remains open in all directions.

Thanks to the mountainous topography, mineralization in the veins is exposed on the surface for 2.1 km of strike (1.0 km on the south slope and 1.1 km on the north slope) with a vertical relief of 700 meters.

A study completed by the Colorado School of Mines confirms a new interpretation of the ore forming process of high-grade gold mineralization at Surebet and outlines a common magmatic source for the high-grade gold system, now in three distinct rock packages. Which gives the Surebet untapped discovery potential to increase tonnage and gold content in the various known rock packages. Until this study, researchers and explorers in the Golden Triangle had not recognized the high-grade gold discovery potential in the Eocene-aged RIRG dykes (see news release March 13, 2025), which is showing the potential that these discoveries could be a geological breakthrough in the Golden Triangle of British Columbia.