Mr. David Kol reports

ZODIAC GOLD ANNOUNCES CLOSING OF UPSIZED LIFE OFFERING FOR GROSS PROCEEDS OF $6.1 MILLION

Zodiac Gold Inc. has successfully closed its previously announced listed issuer financing exemption offering for aggregate gross proceeds of $6.1-million, issuing 30.5 million units at a price of 20 cents per unit following strong and continued investor demand. Each unit comprises one common share of the company and one-half of one non-transferable common share purchase warrant at an exercise price of 30 cents for 36 months from the date of closing of the offering.

The net proceeds from the offering will be used to advance the company's exploration programs across its portfolio of gold assets in Liberia, including continued drilling and technical work, as well as for general working capital purposes.

"This financing is a major validation of Zodiac Gold's strategy, assets and team," said David Kol, chief executive officer of Zodiac Gold. "The level and quality of demand we saw speaks to the scale of our opportunity in Liberia and the growing recognition that Zodiac Gold controls one of the most compelling emerging gold districts in West Africa. With this capital secured, we are funded to aggressively advance drilling and unlock value across our portfolio."

The units distributed in connection with the offering were issued and sold pursuant to the listed issuer financing exemption available under Part 5A of National Instrument 45-106 -- Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 -- Exemptions from Certain Conditions of the Listed Issuer Financing Exemption. Units issued under the offering are not subject to resale restrictions in Canada in accordance with applicable Canadian securities laws and the policies of the TSX Venture Exchange.

In connection with the offering, the corporation intends to pay cash fees and issue compensation warrants to finders as follows: $56,940 and 284,700 compensation warrants to Canaccord Genuity Corp.; $6,000 and 30,000 compensation warrants to Ventum Financial Corp.; $30,000 and 150,000 compensation warrants to Research Capital Corp.; $1,000 and 5,000 compensation warrants to Red Cloud Securities Inc.; and $112,000 and 560,000 compensation warrants to Haywood Securities Inc. Each compensation warrant entitles the holder thereof to purchase one common share at an exercise price of 20 cents from the date of closing of the offering. The compensation warrants and the common shares issuable upon the exercise of the compensation warrants are subject to a statutory holder period in accordance with applicable Canadian securities laws, expiring four months and one day from the date of issuance of the compensation warrants.

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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