Goliath Resources Limited report the discovery of abundant visible gold and strong sulphide mineralization in quartz breccia, as well as a significant 22.4 meter intercept of a porphyritic intrusion containing veins with abundant visible gold, molybdenum and bismuth mineralization in GD-24-235 the first drill hole of 2024 (assays are pending). This increases the Company?s confidence in the proximity of the feeder source of the Surebet system that remains wide open at its 100% controlled Golddigger Property (the ?Property?), Golden Triangle, B.C. Drill hole GD-24-235 collared from Golden Gate Pad (180/81/696m) intersected multiple strongly mineralized veins containing visible gold, galena, sphalerite, pyrrhotite and pyrite mineralization. The hole drilled through a sedimentary sequence of mudrocks, an intermediate intrusive unit, multiple intermediate dykes and andesite.

The first hole of the drilling season was designed and focused on intercepting the Bonanza shear and test below an area where drill hole GD-23-197 intersected 9 meters of 34.03 g/t AuEq or 1.09 oz/t AuEq (32.55 g/t Au and 65.71 g/t Ag) in 2023. The mineralization observed in hole GD-24-235 for the interval from 445.4 - 447.39 meters is reminiscent of what was observed from 449.37 - 458.40 meters in GD-23-197, suggesting that similar gold grades can be expected from this interval GD-24-235 intersected a 12 meter interval of high vein density from 445 - 457 meters downhole, with multiple large quartz-sulphide veins at the contact between sedimentary and volcanic units. A quartz vein with significant mineralization occurs from 445.4 - 447.39 meters.

The vein contains semi massive to massive pyrite (3%), sphalerite (2%) and pyrrhotite (1%). The vein also has minor galena (<1%) and chalcopyrite (<<1%). There are multiple flecks of visible gold throughout.

A second quartz vein was intercepted from 450.17 - 450.64 meters and contains massive pyrrhotite (2%), sphalerite (2%) and pyrite (1%). The vein also has minor galena (<1%) and chalcopyrite (<<1%). There are multiple flecks of visible gold throughout.

Within the andesite unit, a series of closely spaced quartz-sulphide veins have been observed for 10 meters between 550 and 650 meters downhole. A quartz vein from 566.72 - 566.85 meters contain visible gold and semi massive pyrrhotite and sphalerite with trace chalcopyrite. Another milky white quartz vein from 600.23 to 601 meters contains massive pyrrhotite (8%), semi massive pyrite (2%) and minor chalcopyrite (<1%) and sphalerite (<<1%).

Visible gold was also noted in a quartz vein from 604.53 - 604.83 meters that contains massive pyrrhotite, semi massive pyrite, minor chalcopyrite, trace sphalerite and galena. The vein shows the presence of one fleck of visible gold. Lastly, a quartz vein was intercepted with significant mineralization from 647.46 - 648.02 m. It hosts massive pyrrhotite (30%), semi massive chalcopyrite (3%) and trace sphalerite (<<1%).

The hole intercepted 24.4 meters of a light grey porphyritic intrusive unit, possibly tonalite from 529.29-553.67 meters downhole. This intrusive is host to a handful of cm-size quartz veins and sub-millimetric pyrite/pyrrhotite veinlets. These veins included minor vein-hosted calc-silicates with white (anorthite?) alteration haloes.

A notable cm sized quartz vein at 531.1 meters hosted pyrite, pyrrhotite, and native bismuth. XRF measurements of the native bismuth occasionally gave gold and/or molybdenum readings. A second quartz vein at 535 meters included a 2 mm grain of molybdenite.

Several deeper holes are planned to test this area to greater depth during the 2024 season, as the system remains wide open and has excellent additional discovery potential. The current 2024 drill plan consists of 15,000 meters of drilling in 62 drill holes from 22 drill pad locations. Two drill rigs are currently on site carrying out the program.

The drill program on Surebet will focus on testing its potential feeder source at depth below the valley floor, discovering new additional veins/shears, expansion of the known 10 vein footprint, and increased continuity of veins/shears. The Surebet Discovery will see the bulk of meters planned with the balance testing two new strongly mineralized gold-copper outcropping targets: The maiden drill campaign in 2021 totaling 5,338 meters intercepted significant widths and gold mineralization in 100% of the holes drilled. To date there has been an aggregate of 66,930 meters drilled that include the follow up campaigns in 2022 and 2023 at the Golddigger Property.

In 2023, there was a 97% success hit rate where 86 holes of 92 totaling intercepted significant widths of high-grade gold over a 1.8 square kilometer area at Surebet. This 1.8 square kilometer area also has mineralization exposed at surface for 1.0 kilometers of strike, 1.1 kilometers down-dip extent with 700 meters of vertical relief with exceptional continuity. The Golddigger Property is 100% controlled covering an area of 66,608 hectares (164,592 acres) and is in the world class geological setting of the Eskay Rift and within 3 km of the Red Line in the Golden Triangle of British Columbia.

This area and proximity have hosted some of Canada?s greatest mines that include 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 that is used as a key marker when exploring for gold-copper-silver mineralization.

The Surebet discovery has exceptional continuity and excellent metallurgy with gold recoveries of 92.2% inclusive of 48.8% free gold from gravity alone at a 327-micrometer crush (no deleterious elements and no cyanide required to recover the gold based on metallurgical work completed to date). It is in an excellent 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.