Mr. Roger Rosmus of Goliath reports

GOLIATH RESOURCES PROPOSES TO EXTEND TERM OF WARRANTS HELD BY MCEWEN INC.

Goliath Resources Ltd. has applied to the TSX Venture Exchange to extend the term of an aggregate of 2,590,673 common share purchase warrants of the company, with each warrant being exercisable to acquire one common share of the company at a price of $2.50 per warrant share. As disclosed by the company in a news release dated March 10, 2025, the warrants were issued by the company on March 10, 2025, in connection with a $10-million strategic non-brokered private placement of 5,181,347 units of the company to McEwen Inc., an arm's-length party to the company, at a deemed price of $1.93 per unit, in exchange for the issuance to the company of an aggregate of 868,056 shares of common stock of McEwen at a deemed price of $11.52 per McEwen share.

The warrants are scheduled to expire on March 10, 2026. Subject to acceptance by the TSX-V, the company will extend the expiry date of the warrants by six months to Sept. 10, 2026. All other terms and conditions of the warrants, including the exercise price, will remain unchanged.

About Goliath Resources Ltd.

Goliath Resources is an explorer of precious metal 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. In 2025, Goliath completed its largest drill campaign to date for a total of 64,364 metres. It is fully financed for a similar sized drill program in 2026. The company's key strategic cornerstone shareholders include Crescat Capital, Waratah Capital Advisors, McEwen Inc., a Global Commodity Group (Singapore), Rob McEwen, Eric Sprott and Larry Childress.

We seek Safe Harbor.