Goliath Resources Limited reported the third and last batch of assay results of the 2022 drill campaign on the Surebet discovery at its 100% controlled Golddigger Property (the Property) located in the Golden Triangle, B.C. Twenty-two (22) out of 23 newly reported holes from within the 1.6 square kilometer area on the Surebet Zone intersected broad high-grade intervals of gold-silver mineralization demonstrating the continuity of this newly discovered large gold system. The last batch of assays included hole GD-22-100 collared from Pad 13 (650 meters step-out to the West from Surebet Main) which intersected broad high-grade gold mineralization containing 13.53 gpt AuEq (12.10 gpt Au and 54.13 gpt Ag) over 11.00 meters including 24.56 gpt AuEq (21.98 gpt Au and 97.94 gpt Ag) over 6.00 meters. This hole measures 148.87 gram(AuEq) x meters and is in the top 3 holes of 2022 (best hole was GD-22-58 with 272.80 gram(AuEq) x meters from the South Cliff Stepout Pad).

Based on drill results from 56 holes from 2021 and 2022 within the 1.6 square kilometer Surebet Zone, the main mineralized horizon has an average grade of 6.31 gpt AuEq (4.45 gpt Au and 110.70 gpt Ag) and an average width of 6.88 meters. Assays to date for 89 out of 92 drill holes collared within the 1.6 square kilometer area have returned significant gold-silver intervals. Assays have confirmed that the Surebet Zone covers at least 1.6 square kilometers demarked by an area that spans from North Rubble to Pad 1, Pad 11 and Pad A and remains open.

Drill highlights from the third and last set of results from the 2022 drill campaign include: hole GD-22-100 collared from Pad 13 (650 meters step-out to the West from Surebet Main) which intersected high-grade gold mineralization containing 13.53 gpt AuEq (12.10 gpt Au and 54.13 gpt Ag) over 11.00 meters including 24.56 gpt AuEq (21.98 gpt Au and 97.94 gpt Ag) over 6.00 meters; hole GD-22-104 collared from W of NE Fault Pad (780 meters step-out to the South from Surebet Main) which intersected high-grade gold mineralization containing 9.74 gpt AuEq (9.65 gpt Au and 3.62 gpt Ag) over 4.00 meters, and 2.04 gpt AuEq (1.98 gpt Au and 2.38 gpt Ag) over 7.29 meters; hole GD-22-92 collared from W of NE Fault Pad (780 meters step-out to the South from Surebet Main) which intersected high-grade gold mineralization containing 1.31 gpt AuEq (1.21 gpt Au and 3.31 gpt Ag) over 23.00 meters, including 2.57 gpt AuEq (2.52 gpt Ag and 1.16 gpt Ag) over 6.00 meters; hole GD-22-95 collared from W of NE Fault Pad (780 meters step-out to the South from Surebet Main) which intersected high-grade gold mineralization containing 1.97 gpt AuEq (1.86 gpt Au and 3.45 gpt Ag) over 12.00 meters, including 3.37 gpt AuEq (3.25 gpt Ag and 4.29 gpt Ag) over 6.00 meters, and 1.61 gpt AuEq (1.54 gpt Au and 1.51 gpt Ag) over 12.00 meters; hole GD-22-96 collared from Pad 13 (650 meters step-out to the West from Surebet Main) which intersected high-grade gold mineralization containing 4.98 gpt AuEq (4.92 gpt Au and 1.90 gpt Ag) over 3.70 meters, and 1.24 gpt AuEq (1.08 gpt Au and 6.14 gpt Ag) over 15.00 meters; hole GD-22-102 collared from W of NE Fault Pad (780 meters step-out to the South from Surebet Main) which intersected high-grade gold mineralization containing 1.06 gpt AuEq (1.00 gpt Au and 1.17 gpt Ag) over 16.00 meters; and hole GD-22-99 collared from W of NE Fault Pad (780 meters step-out to the South from Surebet Main) which intersected high-grade gold mineralization containing 3.15 gpt AuEq (3.04 gpt Au and 2.72 gpt Ag) over 5.00 meters; hole GD-22-93 collared from Pad 5 (1.2 kilometers step-out to the West from Surebet Main) which intersected high-grade gold mineralization containing 1.19 gpt AuEq (0.94 gpt Au and 6.40 gpt Ag) over 13.00 meters. The 2022 and 2021 assay results to date confirmed 89 out of 92 holes have intersected strong gold mineralization containing Classic Surebet Zone mineralization consisting of galena, sphalerite and pyrrhotite in semi-massive to massive veins, stringers, interstitial within brecciated zones and/or as stringers from 20 widely spaced drill pads over an area of 1.6 square kilometers in the Hazelton sedimentary and volcanic rocks. All 68 holes drilled within the 1.6 square kilometer area during the 2022 drill campaign intersected significant broad intervals containing galena, sphalerite and pyrrhotite, including visible gold.

The presence of gold-mineralized intervals in drill holes collared outside the 1.6 square kilometer area demarking the Surebet Zone (Pad J, Pad 9, Pad 15, New Gold) is confirmation of a much more extensive gold mineralizing system on the Golddigger Property. New Goldswarm Discovery - Drill Ready: The Company first target generation/exploration in the Surebet area was focussed on following up on a 57 ppb Au government silt sample (96 percentile) located down stream in one of the main creeks that drains from the Surebet Discovery. Two weeks of prospecting and sampling with a 5 men crew, silt and rock geochemistry and a detailed study of lidar and orthophoto imagery eventually led to the Surebet Discovery.

Similarly, the steeply dipping high-grade Goldswarm quartz breccia zone located 4 km along strike to the North of the Surebet Zone was discovered based on a government stream sediment sample that assayed 180 ppb Au (98 percentile). The high-grade Goldswarm discovery outcrop is situated in the sediments at an elevation of approximately 1560 meters, only 130 meters lower than the outcropping Surebet Zone in the sediments at North Rubble (1690 meters). During the 2022 field season GoliathÆs crew together with an independent geologist (Ph.D., P.Geo.) has confirmed compelling evidence that Goldswarm is directly related to Surebet and is believed to be part of the same extensive mineralizing gold system, including similar geologic setting, mineralization, textures, structures, and geochemistry.

Goldswarm extends for 450 meters by 150 meters and is characterized by a series of high-grade quartz veins, stockwork and breccia domain that are variably mineralized with pyrite, chalcopyrite and galena hosted in a series of sedimentary units consisting of interlayered mudstone, siltstone, and sandstone similar to those found to host Surebet. The main mineralized horizon consists of a brecciated, partially sheared quartz vein that is steeply dipping 80 to 90 degrees to the West-Southwest. Channel samples assayed up to 29.70 gpt Au over 0.55 meters and 25.1 gpt Au over 0.40 meters and grab samples assayed up to up to 54.3 gpt, 47.5 gpt Au, 26.5 gpt Au and 24.5 gpt.

Goliath plans to drill test the high-grade Goldswarm discovery from 6 drill pads with a maiden program in 2023.