Juggernaut Exploration Ltd. press release

Goliath Reports 10 High-Grade Holes Up To 7.28 g/t Au Over 8.00 Meters Within 5.85 g/t Au Over 10.00 Meters In RIRG Dyke (417m - 427m downhole and 500m Above Valley Floor) At The 1.8 Km2 Surebet Discovery That Remains Open, Golddigger Property, Golden Triangle, B.C.

2025-12-02

TSXV - TSX Venture Exchange · Gold · Silver · Copper · Zinc · Lead · Canada

Assays are still pending for 70 holes from this year’s exploration campaign, of which 55 (representing 79% of the total pending) contain up to 12 occurrences of visible gold to the naked eye (VG-NE); see images and table below. Four accompanying infographics are available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/648a0019-0487-4843-9eea-5e385eb74e29 https://www.globenewswire.com/NewsRoom/AttachmentNg/40967cab-ddb9-40b8-b0df-d6eed1fae6ea https://www.globenewswire.com/NewsRoom/AttachmentNg/1eb0838d-5b84-4770-8bf0-86f4d39830cf https://www.globenewswire.com/NewsRoom/AttachmentNg/c6b6c798-36c8-4c07-9e2a-6729c125badc

The high-grade gold-mineralization seen in the Bonanza Zone (a series of stacked veins dipping to the southeast) has been expanded by drilling to 1.25 km along its east-west orientation that remains open for expansion, and to the northwest where Bonanza extends for 580 meters that also remains open for expansion. Continuity of strong gold mineralization (as can be seen in the widespread distribution of VG-NE heat map below), has also been confirmed by drilling in the higher up Surebet Zone (a series of stacked veins dipping to the southwest) that extends for 1.2 km in a southwest-northeast direction and remains open for expansion. Desirable continuity, widths and grades demonstrated by drilling in multiple lodes shows this extensive 1.8 km 2 gold system continues to demonstrate strong potential to become one of the most significant gold discoveries in British Columbia’s Golden Triangle in many years. Positive results received to date vector to targets that remain open with excellent expansion potential.

An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/2115fbc6-cd83-47bd-8421-b3bc417da309

Drill hole GD-25-311 intersected two gold-rich veins, including 15.13 g/t Au over 3 meters from a section of quartz-sulphide veining with multiple occurrences of VG-NE corresponding to the Bonanza Zone that remains open, as well as 2.6 g/t Au over 4.01 meters corresponding to the Surebet Zone that remains open. The intercepts are 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); see image below. Three accompanying infographics are available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/a1534009-6472-4d37-8de5-cf11e4b4e857 https://www.globenewswire.com/NewsRoom/AttachmentNg/fae6ef9d-3c71-4f33-8972-0353ad39ea14 https://www.globenewswire.com/NewsRoom/AttachmentNg/8a3279ab-b7ba-4577-8e23-d61734fdf4f4

Drill hole GD-25-370 intersected three gold-rich veins in the Bonanza Zone that remains open assayed up to 5.66 g/t Au over 5.05 meters, including 9.24 g/t Au over 3.05 meters from a zone of strong quartz sulphide veining and breccia with numerous occurrences of VG-NE. The intercepts are 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); see image below.

Two accompanying infographics are available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/982d4f1b-72b9-42ad-8867-295a273b86d7 https://www.globenewswire.com/NewsRoom/AttachmentNg/0341525c-7912-40d3-bfce-bfaa645762c7

Drill hole GD-25-387 intersected 4.05 g/t Au over 6.13 meters, including 5.36 g/t Au over 4.15 meters from a zone containing substantial quartz-sulphide mineralization corresponding to the Bonanza Zone that remains open. The intercepts are 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); see image below. An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/769b6ea1-9e76-4344-b253-25bfb714c0e9

Drill hole GD-25-385 intersected 6.59 g/t Au over 4 meters, including 8.4 g/t Au over 3.13 meters from a series of quartz-sulphide veins and breccias belonging to the Surebet Zone that remains open. The intercepts are 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).

Drill hole GD-25-398 intersected two gold rich veins corresponding to the Bonanza Zone that remains open. The first interval assayed 5.41 g/t Au over 4.64 meters within 3.73 g/t Au over 6.77 meters and the second interval assayed 2.68 g/t Au over 3.00 meters. These intercepts are 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).

Drill hole GD-25-378 intersected two gold rich veins. The first assayed 4.83 g/t Au over 4.54 meters, including 6.28 g/t Au over 3.44 meters part of the Bonanza Zone that remains open where multiple occurrences of VG-NE were observed. The second interval was in the Surebet Zone that remains open that assayed 2.49 g/t Au over 9.12 meters. The intercepts are 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). Drill hole GD-25-410 intersected 4.18 g/t Au over 5.14 meters, including 5.28 g/t Au over 4.06 meters in an interval of strong quartz-sulphide mineralization containing multiple occurrences of VG-NE located in the eastern most part of the system which extends the Bonanza Zone to 1.25 km and remains open. The intercepts are 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). Drill hole GD-25-356 intersected part of the Bonanza Zone that remains open where multiple occurrences of VG-NE have been observed in an interval that assayed 4.98 g/t over 3.87 meters. The intercepts are 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). Drill hole GD-25-376 intersected 4.32 g/t Au over 4.2 meters, including 5.47 g/t Au over 3.2 meters corresponding to the Surebet Zone that remains open where multiple occurrences of VG-NE were observed, as well as 3.55 g/t Au over 3.93 meters corresponding to the Bonanza Zone that remains open. The intercepts are 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). 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 Reduced Intrusive Related Gold (RIRG) 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 at depth, a causative intrusion responsible for the extensive 1.8 km 2 high-grade gold system at Surebet. The recently completed 2025 drill campaign significantly exceeded the initial plans of 40,000 meters for a total of 64,364 meters of systematic drilling with 9 drill rigs. 100% of the drilling was focused on the Surebet Discovery, where the Company designed a detailed campaign that tested for the Motherlode intrusive gold source, the mineralized RIRG Eocene-aged dykes, infill drilling within the known stacked veins, as well as expanding the known mineralized veins laterally and to depth. 100% of the drill holes completed to date on Surebet have intersected substantial quartz-sulphide mineralization. VG-NE was observed in 83 drill holes out of 110 (or 76%) completed in 2025. 92% of the holes (355 out of 386) 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/2c6f1ddb-2fa2-4f6c-8841-a483b7e87fc9

The Surebet Discovery has widespread drill holes representing more than 600 pierce points over an area of 1.8 km 2 within 12 gold-mineralized veins, returning high metal values showing it has the potential to become one of the most significant gold discoveries in British Columbia’s Golden Triangle in many years.

TORONTO, Dec. 02, 2025 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) ( the “Company” or “Goliath”) is pleased to announce 10 additional assay results from its 2025 drill program where drill hole GD-25-383 intersected 7.28 g/t Au over 8.00 meters, within 5.85 g/t Au over 10.00 meters in Eocene-aged granitoid dyke. The same interval also includes 9.20 g/t over 5.92 meters as well as 12.75 g/t Au over 4.02 meters, containing multiple occurrences of VG-NE that remains open at the Surebet Discovery on its 100% controlled Golddigger Property (the “Property”), Golden Triangle, British Columbia. Assays are still pending for 70 holes from this year’s exploration campaign, of which 55 (representing 79% of the pending holes) contain up to 12 occurrences of VG-NE; see images above and table below.

The high-grade gold-mineralization seen in the Bonanza Zone has been expanded by drilling to 1.25 km along its east-west orientation that remains open for expansion, and also to the northwest where Bonanza extends for 580 meters and remains open for expansion. Continuity of strong gold mineralization has also been confirmed by drilling in the higher up Surebet Zone that extends for 1.2 km in a southwest-northeast direction and remains open for expansion. The continuity, widths and grades demonstrated by drilling in multiple lodes shows this extensive 1.8 km2 gold 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 vector to targets that remain open with excellent expansion potential.

The strong gold-mineralization in the Bonanza Zone has been expanded in the third dimension to 1.25 km along its east-west orientation, while the northwest extent of 580 meters has been confirmed with additional drill holes in the third dimension and remains open, the series of stacked veins (at the Bonanza Zone and Surebet Zone) has a vertical relief of 800 meters and contains widespread VG-NE. Continuity of strong gold mineralization has been confirmed in the Surebet Zone that extends for 1.2 km in a southwest-northeast direction and remains open. The continued extent, continuity and grade of mineralization in the Surebet System shows it has the potential to become one of the most significant gold discoveries in British Columbia’s Golden Triangle in many years, providing for strong expansion potential in 2026. Remaining drill results from the 2025 drill season have the potential to provide desirable widths, grades and continuity observed thus far.

100% of the drill holes completed to date on Surebet have intersected substantial quartz-sulphide mineralization as well as 83 of the 110 drill holes (or 76%) from 2025 contain gold visible to the naked eye (VG-NE) clearly demonstrating the discovery potential remaining on the property.

Dr. Quinton Hennigh, Geologic & Technical Advisor to Crescat Capital, a strategic investor in Goliath, states: “With every newly reported gold intercept, the picture that is emerging at Goliath’s Surebet project is continually being enhanced with respect to both consistency and scale of this remarkable quartz-sulfide lode system. Over and over, we are seeing strong gold grades across stout lode thickness, commonly exceeding 4 meters true width. This bodes well for potentially employing bulk, cost effective mining techniques. Also important, given that the Surebet gold system is comprised of a network of stacked quartz-sulfide lodes, tonnages can build up quickly with these sorts of lode thicknesses. Updated models of the Surebet lode network such as those presented in this news release illustrate this potential quite well. The 2025 drill program continues to strengthen the Surebet story in every respect.”

Mr. Roger Rosmus, Founder & CEO of Goliath states: ““The Surebet discovery is rapidly emerging as a high-grade gold system in the Golden Triangle. As can be seen by the widespread VG-NE over a vast area, contained within a series of stacked, gently dipping veins that remain open and are expanding with every drill hole. One series of stacked veins in the Surebet Zone dip in the southwest direction, while the series of stacked veins at the Bonanza Zone dip in the southeast direction. Which opens up the possibility that they are coming from two separate sources approximately 4,000 metres, or more, apart. Additionally, the vertical RIRG Eocene-aged dykes could be coming off a large magma chamber underlying the entire gold mineralizing system. In future drilling we need to continue following the Surebet Zone stacked veins to the southwest and the Bonanza Zone to the southeast, plus explore deeper for the magmatic source to determine if there are more than one source or one common source. What we have discovered through drilling, so far, is located within a mountain and as we follow the high-grade gold system deeper we can drill from the valley floor to drill for the source of the stacked gently dipping veins and vertical RIRG Eocene-aged dykes. Another exciting element is that at the top of the mountain the VG-NE is fine-grained and sporadic, it then quickly transitions into abundant fine-grained VG-NE, then deeper transitions into coarse-grained and abundant VG-NE. Which helps us to follow the system deeper for the source to assess the abundance of coarse-grained VG-NE. More work is needed to expand toward the limits of the various zones, but our team couldn’t be more enthusiastic with what we have found which is emerging as a rare high-grade gold discovery. Once we have all the assays from this year’s campaign, we will continue to update our 3D models along with advanced analysis at the Colorado School of Mines. We believe the Surebet discovery continues to demonstrate it’s quickly becoming one of the most significant high-grade gold discoveries in British Columbia’s Golden Triangle in many years.”

Drill hole GD-25-383 intersected 7.28 g/t Au over 8.00 meters, within 5.85 g/t Au over 10.00 meters. The same interval also includes 9.20 g/t over 5.92 meters as well as 12.75 g/t Au over 4.02 meters, containing multiple occurrences of VG-NE within an Eocene-aged Reduced Intrusion Related Gold (RIRG) dyke that remains open. Drill hole GD-25-311 intersected multiple gold-rich veins, including 15.13 g/t Au over 3 meters from a section of quartz-sulphide veining with multiple occurrences of VG-NE corresponding to the Bonanza Zone that remains open, as well as 2.6 g/t Au over 4.01 meters corresponding to the Surebet Zone that remains open. Drill hole GD-25-370 intersected the Bonanza Zone that remains open in an interval that assayed 5.66 g/t Au over 5.05 meters, including 9.24 g/t Au over 3.05 meters from a zone of strong quartz sulphide veining and breccia with numerous occurrences of VG-NE. Drill hole GD-25-387 intersected 4.05 g/t Au over 6.13 meters, including 5.36 g/t Au over 4.15 meters from a zone containing substantial quartz-sulphide mineralization corresponding to the Bonanza Zone that remains open. Drill hole GD-25-385 intersected 6.59 g/t Au over 4 meters, including 8.4 g/t Au over 3.13 meters from a series of quartz-sulphide veins and breccias belonging to the Surebet Zone that remains open. Drill hole GD-25-398 intersected mineralization corresponding to the Bonanza Zone that remains open in an interval that assayed 5.41 g/t Au over 4.64 meters within 3.73 g/t Au over 6.77 meters. An additional interval of Bonanza Zone mineralization assayed 2.68 g/t Au over 3.00 meters. Drill hole GD-25-378 intersected 4.83 g/t Au over 4.54 meters, including 6.28 g/t Au over 3.44 meters part of the Bonanza Zone that remains open where multiple occurrences of VG-NE were noted. Additionally, gold mineralization was also intercepted in an interval of the Surebet Zone that remains open and assayed 2.49 g/t Au over 9.12 meters. Drill hole GD-25-410 intersected 4.18 g/t Au over 5.14 meters, including 5.28 g/t Au over 4.06 meters in an interval of strong quartz-sulphide mineralization containing multiple occurrences of VG-NE located in the easternmost part of the system which extends the Bonanza Zone to 1.25 km and remains open. Drill hole GD-25-356 intersected part of the Bonanza Zone that remains open where multiple occurrences of VG-NE have been observed in an interval that assayed 4.98 g/t over 3.87 meters. Drill hole GD-25-376 intersected 4.32 g/t Au over 4.2 meters including 5.47 g/t Au over 3.2 meters corresponding to the Surebet Zone that remains open where multiple occurrences of VG-NE were observed, as well as 3.55 g/t Au over 3.93 meters corresponding to the Bonanza Zone that remains open.

All intercepts are 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). 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.

Table 1: Collar information for VG-NE drill holes reported in this news release.

| Hole ID | CRS | Easting | Northing | Elevation (m) | Azimuth | Dip | Length (m) | Number of VG-NE occurrences | | GD-25-102 | NAD83 UTM 9N | 457699 | 6162437 | 1133 | 230 | 65 | 214 | 5 | | GD-25-244 | NAD83 UTM 9N | 457381 | 6162945 | 1623 | 165 | 80 | 745 | 1 | | GD-25-254 | NAD83 UTM 9N | 457256 | 6162711 | 1474 | 110 | 74 | 828 | 2 | | GD-25-267 | NAD83 UTM 9N | 457938 | 6162554 | 1137 | 195 | 60 | 450 | 1 | | GD-25-301 | NAD83 UTM 9N | 457445 | 6162773 | 1513 | 168 | 58 | 702 | 2 | | GD-25-303 | NAD83 UTM 9N | 457364 | 6162754 | 1508 | 157 | 61 | 676 | 5 | | GD-25-305 | NAD83 UTM 9N | 457447 | 6162774 | 1513 | 155 | 54 | 687 | 2 | | GD-25-306 | NAD83 UTM 9N | 457214 | 6162332 | 1220 | 342 | 58.5 | 346 | 4 | | GD-25-308 | NAD83 UTM 9N | 457364 | 6162756 | 1509 | 160 | 67 | 705 | 4 | | GD-25-310 | NAD83 UTM 9N | 457214 | 6162332 | 1219 | 28 | 62 | 509 | 1 | | GD-25-312 | NAD83 UTM 9N | 457365 | 6162756 | 1509 | 150 | 71 | 681 | 5 | | GD-25-315 | NAD83 UTM 9N | 457218 | 6162331 | 1219 | 63 | 63 | 486 | 1 | | GD-25-316 | NAD83 UTM 9N | 456927 | 6163020 | 1651 | 150 | 76 | 723 | 5 | | GD-25-319 | NAD83 UTM 9N | 457365 | 6162754 | 1505 | 141 | 62 | 629 | 3 | | GD-25-322 | NAD83 UTM 9N | 457214 | 6162332 | 1219 | 250 | 70 | 594 | 2 | | GD-25-323 | NAD83 UTM 9N | 456927 | 6163020 | 1652 | 90 | 80 | 620 | 5 | | GD-25-325 | NAD83 UTM 9N | 457365 | 6162755 | 1509 | 128 | 88 | 669 | 3 | | GD-25-326 | NAD83 UTM 9N | 457236 | 6162867 | 1586 | 23 | 80 | 734 | 2 | | GD-25-327 | NAD83 UTM 9N | 457016 | 6162593 | 1388 | 5 | 65 | 459 | 1 | | GD-25-329 | NAD83 UTM 9N | 457444 | 6162778 | 1515 | 330 | 80 | 685 | 1 | | GD-25-330 | NAD83 UTM 9N | 457326 | 6162856 | 1582 | 206 | 73 | 681 | 1 | | GD-25-331 | NAD83 UTM 9N | 457815 | 6162506 | 1144 | 194 | 83 | 360 | 2 | | GD-25-333 | NAD83 UTM 9N | 457365 | 6162757 | 1509 | 127 | 71 | 798 | 4 | | GD-25-335 | NAD83 UTM 9N | 457015 | 6162587 | 1387 | 180 | 60 | 498 | 3 | | GD-25-336 | NAD83 UTM 9N | 456710 | 6162961 | 1639 | 315 | 75 | 606 | 1 | | GD-25-339 | NAD83 UTM 9N | 457236 | 6162865 | 1586 | 120 | 70 | 792 | 3 | | GD-25-341 | NAD83 UTM 9N | 456927 | 6163020 | 1652 | 310 | 75 | 615 | 1 | | GD-25-342 | NAD83 UTM 9N | 457815 | 6162511 | 1146 | 335.5 | 70 | 350 | 2 | | GD-25-344 | NAD83 UTM 9N | 457319 | 6162857 | 1585 | 265 | 77 | 705 | 1 | | GD-25-348 | NAD83 UTM 9N | 457413 | 6163252 | 1733 | 115 | 65 | 1001 | 1 | | GD-25-349 | NAD83 UTM 9N | 457817 | 6162512 | 1145 | 50 | 65 | 756 | 2 | | GD-25-351 | NAD83 UTM 9N | 457235 | 6162738 | 1489 | 170 | 57 | 723 | 4 | | GD-25-352 | NAD83 UTM 9N | 457038 | 6162952 | 1604 | 42 | 76 | 847 | 3 | | GD-25-357 | NAD83 UTM 9N | 456865 | 6162628 | 1451 | 135 | 65 | 525 | 1 | | GD-25-361 | NAD83 UTM 9N | 457191 | 6163128 | 1712 | 160 | 85 | 699 | 2 | | GD-25-363 | NAD83 UTM 9N | 457411 | 6163251 | 1733 | 175 | 68 | 901 | 1 | | GD-25-366 | NAD83 UTM 9N | 457399 | 6162901 | 1606 | 210.5 | 69 | 705 | 5 | | GD-25-367 | NAD83 UTM 9N | 457235 | 6162864 | 1585 | 213 | 74 | 651 | 11 | | GD-25-368 | NAD83 UTM 9N | 457485 | 6163165 | 1706 | 250 | 77 | 690 | 2 | | GD-25-369 | NAD83 UTM 9N | 457319 | 6162859 | 1585 | 310 | 85 | 738 | 1 | | GD-25-371 | NAD83 UTM 9N | 457190 | 6163130 | 1712 | 40 | 86 | 681 | 1 | | GD-25-375 | NAD83 UTM 9N | 457486 | 6163164 | 1706 | 250 | 85 | 747 | 1 | | GD-25-379 | NAD83 UTM 9N | 457189 | 6163129 | 1712 | 268 | 85 | 614 | 1 | | GD-25-381 | NAD83 UTM 9N | 457511 | 6163074 | 1660 | 115 | 65.9 | 360 | 1 | | GD-25-382 | NAD83 UTM 9N | 457591 | 6162372 | 1119 | 215 | 45 | 160 | 1 | | GD-25-386 | NAD83 UTM 9N | 457512 | 6163073 | 1660 | 129 | 56 | 459 | 3 | | GD-25-389 | NAD83 UTM 9N | 457849 | 6162680 | 1209 | 170 | 70 | 483 | 1 | | GD-25-392 | NAD83 UTM 9N | 457757 | 6162595 | 1200 | 280 | 55 | 423 | 1 | | GD-25-393 | NAD83 UTM 9N | 457322 | 6162859 | 1585 | 5 | 68 | 702 | 2 | | GD-25-395 | NAD83 UTM 9N | 457402 | 6162902 | 1606 | 105 | 65 | 801 | 1 | | GD-25-400 | NAD83 UTM 9N | 457598 | 6162374 | 1119 | 147 | 83 | 309 | 2 | | GD-25-401 | NAD83 UTM 9N | 457881 | 6162620 | 1179 | 210 | 80 | 600 | 1 | | GD-25-403 | NAD83 UTM 9N | 457467 | 6163017 | 1633 | 147 | 83 | 600 | 3 | | GD-25-405 | NAD83 UTM 9N | 457763 | 6162595 | 1200 | 82 | 74.5 | 312 | 5 | | GD-25-407 | NAD83 UTM 9N | 457399 | 6162904 | 1608 | 350 | 82 | 395 | 2 | | | | | | | | | | |

Goliath Reports 10 High-Grade Holes Up To 7.28 g/t Au Over 8.00 Meters Within 5.85 g/t Au Over 10.00 Meters In RIRG Dyke (417m - 427m downhole and 500m Above Valley Floor) At The 1.8 Km2 Surebet Discovery That Remains Open, Golddigger Property, Golden Triangle, B.C.

Earlier from Juggernaut Exploration Ltd.