Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) is pleased to report longtime strategic and cornerstone shareholders, inclusive of Crescat Capital, have exercised the balance of their remaining warrants. The Company has received proceeds totaling $1,730,882 in the past few weeks from warrant exercises.

The only warrants that remain outstanding for Goliath are 2,590,673 priced at $2.50 expiring March 10, 2026 all held by one cornerstone strategic investor (see news December 18, 2026), not including 841,777 finder warrants all expiring in 2027 with an average strike price of $2.59.

Kevin C. Smith, CFA, Founder and CEO of Crescat Capital, states: “Go, Roger and team. What an awesome and expansive gold layer cake you have uncovered! We are so happy to have been cornerstone investors since 2020. This new discovery has only continued to get bigger and better with more drilling, and it’s still open. Now, there’s a solid new hypothesis for even more growth, a potential gold-bearing magmatic causative intrusive source nearby. We have built a strong faith in Goliath’s management and geologic team; we are very excited to see a lot more to come.”

Roger Rosmus, Founder and CEO of Goliath, states: “Crescat Capital was one of the first strategic cornerstone investors in Goliath and we greatly appreciate their ongoing support. As well, the continued support of all our strategic investors which I believe is a true testament to the high quality of Surebet, our high-grade gold discovery in the Golden Triangle, B.C.”

About Crescat Capital

Crescat is a multi-disciplinary hedge fund firm headquartered in Denver, Colorado. Its mission is to grow and protect wealth over complete business cycles by deploying tactical and strategic investment themes. The firm’s investment process combines proprietary value-driven equity and macro models with veteran industry advisors. Crescat has been building activist stakes in a portfolio of precious and critical metals mining companies, one of its strongest conviction long-term investment themes. Crescat’s funds include Precious Metals, Institutional Commodity, Long/Short, Global Macro, and Institutional Macro.

About Golddigger Property

The Golddigger Property is 100% controlled and covers an area of 91,518 hectares in a highly prospective geological setting of the Eskay Rift, within 3 kilometers of the Red Line in the Golden Triangle of British Columbia. This area, in close proximity to the Red Line, has hosted some of Canada’s greatest gold mines including Eskay Creek, Premier and Snip. Other significant and well-known deposits in the Golden Triangle include Brucejack, Copper Canyon, Galore Creek, Granduc, KSM, Red Chris, and Schaft Creek. Goliath controls 56 kilometers of the Red Line which is a geologic contact between Triassic age Stuhini rocks and Jurassic age Hazelton rocks used as key markers when exploring for gold-copper-silver mineralization.

The Surebet discovery has predictable continuity and good metallurgy with gold recoveries from gravity and flotation at a 327-micrometer crush of 92.2% including 48.8% free gold from gravity alone (no cyanide required to recover the gold). The metallurgy completed to date shows no deleterious elements are present (see news release dated March 1, 2023).

The Property is in a well positioned location in close proximity to the communities of Alice Arm and Kitsault where there is a permitted mill site on private property. It is situated on tide water with direct barge access to Prince Rupert (190 kilometers via the Observatory inlet/Portland inlet). The town of Kitsault is accessible by road (190 kilometers from Terrace, 300 kilometers from Prince Rupert) and has a barge landing, dock, and infrastructure capable of housing at least 300 people, including high-tension power.

Additional infrastructure in the area includes the Dolly Varden Silver Mine Road (only 7 kilometers to the East of the Surebet discovery) with direct road access to Alice Arm barge landing (18 kilometers to the south of the Surebet discovery) and high-tension power (25 kilometers to the east of Surebet discovery). The city of Terrace (population 16,000) provides access to railway, major highways, and airport with supplies (food, fuel, lumber, etc.), while the town of Prince Rupert (population 12,000) is located on the West Coast of British Columbia and houses an international container seaport also with direct access to railway and an airport.

About CASERM (Center to Advance the Science of Exploration to Reclamation in Mining)

Goliath Resources is a paying member and active supporter of the Center to Advance the Science of Exploration to Reclamation in Mining (CASERM), which is one of the world’s largest research centers in the mining sector. CASERM is a collaborative research venture between Colorado School of Mines and Virginia Tech that is supported by a consortium of mining and exploration companies, analytical instrumentation and software companies, and federal agencies aiming to transform the way geoscience data is acquired and used across the mining value chain. The center forms part of the I-UCRC program of the National Science Foundation. Research focuses on the integration of diverse geoscience data to improve decision making across the mine life cycle, beginning with the exploration for subsurface resources continuing through mine operation as well as closure and environmental remediation. Over the past three years, Goliath Resources’ membership in CASERM has allowed a high level of research to be performed on the Surebet Discovery.

Qualified Person

Rein Turna P. Geo is the qualified person as defined by National Instrument 43-101, for Goliath Resource Limited projects, and supervised the preparation of, and has reviewed and approved, the technical information in this release. Mr. Turna is an Independent Director of the Company.

About Goliath Resources Limited

Goliath Resources is an explorer of precious metals projects in the highly prospective Golden Triangle of Northwestern British Columbia. All of its projects are in high quality geological settings and geopolitical safe jurisdictions amenable to mining in Canada. Goliath is a member and active supporter of CASERM which is an organization that represents a collaborative venture between Colorado School of Mines and Virginia Tech. Goliath recently completed its largest fully funded drill campaign to date for a total of 64,364 meters in 2025 and has 70 holes with assays pending. It is fully funded for another large (40k – 50k meter) drill program in 2026. The Company’s key strategic cornerstone shareholders include Crescat Capital, a Global Commodity Group (Singapore), McEwen Inc. (NYSE: MUX) (TSX: MUX), Waratah Capital Advisors, Rob McEwen, Eric Sprott and Larry Childress.