Mr. David Kol reports

ZODIAC GOLD APPOINTS LAWRENCE LEPARD TO BOARD OF DIRECTORS; BRETT RICHARDS JOINS ADVISORY BOARD

Zodiac Gold Inc. has appointed Lawrence Lepard to its board of directors and Brett Richards to its advisory board, effective Dec. 31, 2025.

Mr. Lepard brings more than four decades of investment experience, with a long-standing focus on precious metals, hard assets and value-oriented capital allocation. He is the managing partner of Equity Management Associates LLC, where he has concentrated on gold, silver and alternative monetary assets since 2008. Prior to this, Mr. Lepard spent approximately 20 years in venture capital, including as a partner at Summit Partners and Geocapital Partners, where he was responsible for multiple funds with aggregate commitments exceeding $200-million (U.S.).

Mr. Lepard currently serves as a director of Lavras Gold Corp. and Cabral Gold Inc., providing strategic oversight, capital markets guidance and long-term value development support to emerging gold companies. He holds an MBA with academic distinction from Harvard Business School and a BA in economics from Colgate University.

David Kol, president and chief executive officer of Zodiac Gold, commented: "Lawrence brings deep capital markets experience and a disciplined, long-term investment perspective that is highly aligned with Zodiac Gold's strategy. His appointment meaningfully strengthens our board as we advance our exploration portfolio and position the company for sustainable value creation."

In addition, Mr. Richards has been appointed to Zodiac Gold's advisory board. Mr. Richards has more than 37 years of senior leadership experience in the global mining and metals sector, with particular depth across West Africa. He currently serves as chief executive officer of Pasofino Gold Ltd.

Mr. Richards has held senior executive and board roles across a number of public mining companies, including Gold X2 Mining Inc., Banro Corp., Midnight Sun Mining Corp., African Thunder Platinum, Renew Resources, Octea, Roxgold and Avocet Mining PLC, and was a member of the original founding team at Katanga Mining. Earlier in his career, he held senior roles at Kinross Gold Corp. and Co-Steel Inc.

Mr. Richards currently serves as a director of Nickel 28 Capital Corp., Gold X2 Mining (formerly Goldshore Resources Inc.) and Midnight Sun Mining. He holds a mechanical engineering diploma from Durham College, an MBA in management engineering (magna cum laude) from Cornell University's Johnson Graduate School of Management and a mining engineering certificate from Queen's University.

About Zodiac Gold Inc.

Zodiac Gold is a West African gold exploration company focused on its flagship Todi gold project, situated in Liberia -- an underexplored, politically stable, mining-friendly jurisdiction hosting several large-scale gold and iron ore deposits. Strategically positioned along the fertile Todi shear zone, Zodiac Gold is developing a district-scale gold opportunity with additional iron ore potential, covering a vast 2,316-square-kilometre land package. The Todi gold project has undergone derisking, showcasing proven gold occurrences at both surface and depth, with five drill-ready targets, of which two have been drilled and high-grade gold intercepts.

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