Mr. David Kol reports

ZODIAC GOLD ANNOUNCES INITIAL TRENCHING RESULTS AT THE BEN BEN TARGET AND GRANT OF STOCK OPTIONS TO DIRECTORS AND OFFICERS

Zodiac Gold Inc. has released new trenching results from the Ben Ben target at its flagship Todi gold project in Liberia. The Ben Ben target forms part of a 16-kilometre gold-in-soil anomaly along the Todi shear zone and is one of five priority targets being advanced within the project area.

Zodiac Gold completed 345.8 metres (m) of trenching at the Ben Ben target in 2025, including a standout result of 30 metres at 1.24 grams per tonne Au (gold) (including one m at 25.1 g/t Au and one m at 6.61 g/t Au), and commenced a 3,600 m trenching program along the Ben Ben to Youth Camp trend in February, 2026. Results from the recently completed BBT005 returned an intercept of 32 m at 0.56 g/t Au (including 14 m at 1.08 g/t Au with a higher-grade interval of one m at 9.4 g/t Au).

Additional intersections in trenches BBT002, BBT003 and BBT005 include broad zones of lower-grade mineralization ranging from 0.21 to 0.31 g/t gold over widths of 13 to 36 metres, defining a coherent mineralized zone which can be traced for a distance of 225 m between trenches and for a total of 500 m along the soil anomaly to the artisanal mining pit to the southeast. Zodiac Gold has commenced drilling to test the zone beneath BBT002 as part of Zodiac Gold's continuiing drilling program at the Ben Ben target.

Trench collar data is shown in Table 1 and significant intersections are shown in Table 2.

Note that significant intersections have been determined as intervals above 0.1 g/t Au with a minimum length of two m and a maximum of two m of consecutive samples below 0.1 g/t Au. Further exploration is required to confirm the orientation of the mineralized zones and, as such, intervals are sampled lengths rather than true thicknesses.

Sampling and QA/QC (quality assurance/quality control) procedures

After digging with an excavator, the walls of trench BBT005 were cleaned and samples were taken at one m intervals in channels along one wall, with care being taken to avoid contamination between samples. QA/QC procedures included the addition of blank and duplicate samples to the sample sequence, all of which returned acceptable results. In total, 190 samples (including QA/QC) were collected from BBT005 along a total length of 170 metres.

All samples met the standards for chain of custody without the opportunity for third party access from Zodiac Gold's exploration camp to the Liberia Geochemical Services Inc. sample preparation laboratory in Monrovia, Liberia. Each sample was dried and then crushed to 70 per cent passing negative two millimetres and a representative one-kilogram split was taken by riffle splitting. The split was then pulverized to 85 per cent passing negative 75 micrometres and approximately 200 grams was bagged and labelled, with the remainder being returned to Zodiac Gold. Analysis was performed by 50 g fire assay with an atomic absorption finish (method Au-AA26) at the ALS Geochemistry laboratory in Kumasi, Ghana. ALS Geochemistry is independent of Zodiac Gold and is accredited for method Au-AA26.

Technical report update

On Dec. 3, 2025, the company announced that it had engaged Dr. John Arthur, an accomplished economic geologist and independent qualified person, to prepare an updated NI 43-101 technical report on the Todi gold project. The updated technical report was originally expected to be completed in the first quarter of 2026 and include a mineral resource estimate on the Arthington discovery and an evaluation of exploration targets in the Ben Ben to Youth Camp areas along strike. Based on the encouraging exploration results at the Ben Ben target to date, the company has decided to also include the results of the planned drilling program at Ben Ben in the technical report. As a result the technical report is now expected to be completed in the final quarter of calendar 2026.

Stock option grant

The company has granted an aggregate of 3,825,000 stock options to its directors and officers pursuant to the company's omnibus equity incentive plan. The options have an exercise price of 33 cents per option, vest immediately and have a 10-year term from the grant date.

Qualified person

Tom Dowrick, director of exploration at Zodiac Gold, is a chartered geologist of the Geological Society of London and 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.

We seek Safe Harbor.