Mr. David Kol reports

ZODIAC GOLD ANNOUNCES FURTHER UPSIZING OF LIFE OFFERING

Zodiac Gold Inc., due to continued strong investor demand, has further upsized the listed issuer financing exemption offering previously announced on Jan. 13, 2026, and Jan. 14, 2026, from gross proceeds of up to $5.0-million to gross proceeds of up to $5.5-million.

Each unit is priced at 20 cents. Each unit will consist of: (i) one common share of the company; and (ii) one-half of one non-transferable common share purchase warrant. Each warrant will be exercisable for a period of 36 months from the closing date (as defined herein) and will entitle the holder thereof to purchase one additional common share at an exercise price of 30 cents per warrant share if duly exercised on or before the date that is 36 months following the closing date.

In connection with the upsizing, the company will be filing a second amended and restated offering document related to the offering and the use by the company of the listed issuer financing exemption under the company's profile on SEDAR+ and will also made it available on the company's website. Prospective investors should read the second amended and restated offering document before making an investment decision.

It is expected that closing of the LIFE offering will take place in tranches, with the final closing to occur not later than Jan. 30, 2026, or such other date (or dates) as may be determined the company. Closing of the LIFE offering is subject to certain conditions, including, but not limited to, receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

Proceeds from the LIFE offering will be used primarily to finance a diamond drilling program at the company's Ben Ben target, aimed at expanding resource development and building on the company's recent discovery success at Arthington, within the broader Todi gold project in Liberia, and for other exploration activities, technical studies and general working capital.

The company anticipates paying finders' fees in connection with the LIFE offering to certain eligible finders who introduce investors to the company. Any commissions or finders' fees payable will be in accordance with the policies of the TSX-V.

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.

We seek Safe Harbor.