04:27:09 EST Tue 03 Feb 2026
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Zodiac Gold Inc
Symbol ZAU
Shares Issued 125,017,872
Close 2026-02-02 C$ 0.185
Market Cap C$ 23,128,306
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Zodiac Gold begins drilling at Todi

2026-02-02 17:48 ET - News Release

Mr. David Kol reports

ZODIAC GOLD COMMENCES DRILL MOBILIZATION AT BEN BEN AND ADVANCES 2026 DISTRICT-SCALE EXPLORATION STRATEGY

Zodiac Gold Inc. has commenced mobilization of two diamond drill rigs to the Ben Ben target at its flagship Todi gold project in Liberia. This marks the start of the company's inaugural drill program at Ben Ben and a major step forward in advancing its district-scale exploration strategy along the highly prospective Todi shear zone.

Drilling at Ben Ben represents the next phase in Zodiac Gold's systematic evaluation of the 16-kilometre gold-in-soil anomaly extending from the Arthington discovery eastward to Youth camp. Despite its scale, less than 6 per cent of this trend has been drill tested to date. The Arthington discovery, located approximately 1.3 kilometres west-northwest of Ben Ben, delivered high-grade gold intercepts and near-surface mineralized zones with strong continuity, confirming the fertility of the system and highlighting the potential for additional discoveries along strike.

"We are very encouraged to have drill mobilization under way at Ben Ben as part of our 2026 exploration strategy," said David Kol, president and chief executive officer of Zodiac Gold. "This program is designed to build on the success at Arthington and begin unlocking the broader potential of the 16-kilometre corridor, where multiple high-priority targets remain virtually untested. With a strong treasury following the recent completion of our $6.1-million financing, we are well positioned to execute an aggressive and disciplined exploration program and generate meaningful news flow through the year."

Zodiac Gold's 2026 exploration program is focused on demonstrating continuity and scale along the Ben Ben-Youth camp trend while simultaneously advancing additional regional targets across the company's broader land package.

Drilling

The company plans to complete up to 14,000 metres of diamond drilling along the Ben Ben to Youth camp corridor, commencing with the inaugural drill program at Ben Ben in February, 2026. Initial holes will target interpreted extensions beneath mineralized zones identified in trenching in 2025 and artisanal mining pits, where multiple high-grade channel samples have been reported, including 0.65 metre at 53.60 grams per tonne gold, 0.44 metre at 71.0 g/t Au and 1.75 metres at 6.23 g/t Au. Drill targeting will be continuously refined as results are received, allowing the program to adapt dynamically as geological understanding improves.

Trenching

Approximately 3,600 metres of trenching is planned along strike from previous trenching in the Ben Ben and Youth camp areas, as well as across additional gold-in-soil anomalies ranging from 50 parts per billion to 4,660 ppb (4.66 g/t Au). Trenching will serve to validate and prioritize drill targets along the broader anomalous corridor. Previous trenching at Ben Ben in 2025 returned a standout result of 30 metres at 1.24 g/t Au, including one metre at 25.1 g/t Au and one metre at 6.61 g/t Au.

Geophysics

A high-resolution, drone-based magnetic and lidar survey will be completed over the full 16-kilometre trend at 50-metre line spacing. This survey is expected to significantly enhance the company's understanding of lithological boundaries, structural architecture and controls on mineralization, providing an important framework for continuing and future drill targeting.

Surface geochemical sampling

Up to 10,000 soil samples are planned in the Bomi South and Bong West licences to follow up on significant stream sediment anomalies associated with interpreted northwest-trending Todi shear zone structures. Results will be reviewed on a continuing basis, with priority anomalies advanced through follow-up mapping, trenching and drill testing as warranted.

Qualified person

Tom Dowrick, director of exploration at Zodiac Gold, is a chartered geologist of the Geological Society of London, a qualified person as defined by National Instrument 43-101. He has reviewed and approved the technical and scientific information provided in this release.

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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