Mr. Samuel Jonah reports

GOLDCOAST RESOURCE CORP. ANNOUNCES TRADING HALT PENDING CLARIFICATION FROM GOVERNMENT OF GHANA

Goldcoast Resource Corp. has requested a halt in trading of its common shares. The halt will remain in place until the company receives clarification from the relevant authorities of the government of Ghana regarding the status of the 10 offshore reconnaissance licences held by its subsidiary, Goldcoast GRC Ghana Ltd.

The company's position is that the licences remain in full force and in good standing. This is consistent with the Minerals Commission of Ghana's public statement of Oct. 8, 2026, that the licences have not been cancelled, suspended, revoked or terminated.

The company will issue a further news release once it receives that confirmation and before trading resumes.

About Goldcoast Resource Corp.

Goldcoast is a Canadian mineral exploration company focused on offshore gold in Ghana, Africa's largest gold-producing country. The company holds a district-scale, 10,000-square-kilometre package of reconnaissance licences covering approximately 53 per cent of Ghana's offshore coastline -- the only place on Earth where three major rivers, carrying gold-rich bedload eroded from world-class gold belts over interglacial periods, converge on a shallow continental shelf. The offshore recovery of minerals from unconsolidated marine sediments is an established industry worldwide, with long-running precedents including Debmarine Namibia's marine diamond operations, Pt Timah's offshore tin operations in Indonesia and the United Kingdom's marine aggregate sector.

We seek Safe Harbor.