Mr. Roger Rosmus reports

GOLIATH RESOURCES CLOSES CONCURRENT C$4,062,500 NON-BROKERED CFT SHARE FINANCING AT C$3.17 EACH FOR COMBINED GROSS PROCEEDS OF C$27,065,605

Further to its news releases dated June 2, 2025, June 9, 2025, and June 16, 2025, in addition to the bought deal financing that closed earlier this week of 7,256,500 common shares of the company at a price of $3.17 per charity flow-through share for gross proceeds of $23,003,103, Goliath Resources Ltd. has closed a concurrent non-brokered financing of 1,281,545 charity flow-through shares priced at $3.17 for gross proceeds of $4,062,500 for a combined total of $27,065,605 (herein the offering) raised for the company.

The charity flow-through shares issued pursuant to the non-brokered financing will be subject to a hold period expiring four months and one day from the date of issuance.

In consideration for services provided in connection with the offering, compensation was paid consisting of: (i) a cash commission equal to 6.0 per cent of the gross proceeds raised under the offering; and (ii) an aggregate of 512,284 common share purchase warrants of the company, representing 6 per cent of the number of charity flow-through shares sold under the offering. Each purchase warrant is exercisable to acquire one common share of the company at a price of $2.12 per common share until June 16, 2027, and June 17, 2027, respectively. For the avoidance of doubt, the cash commission was paid by the company using existing cash on hand and not the gross proceeds of the offering.

As previously disclosed, the company intends to use the gross proceeds of the offering to advance the exploration of the company's flagship Golddigger-Surebet project. The proceeds from the sale of the charity flow-through shares will be used to incur exploration expenses that qualify as Canadian exploration expenses as defined in Subsection 66.1(6) of the Income Tax Act (Canada), flow-through critical mineral mining expenditures as defined in Subsection 127(9) of the tax act for purposes of the critical mineral exploration tax credit and, for individual subscribers resident in British Columbia, British Columbia flow-through mining expenditures as defined in Subsection 4.721(1) of the Income Tax Act (British Columbia). Such expenses will be incurred on or before Dec. 31, 2026, and renounced to the subscribers with an effective date no later than Dec. 31, 2025. British Columbia mining flow-through share tax credit allows individual residents of British Columbia who invest in flow-through shares to claim a provincial non-refundable tax credit in an amount equal to 20 per cent of such subscriber's British Columbia flow-through mining expenditures.

The purchase warrants (and the shares issuable upon exercise thereof) are subject to a statutory hold period in accordance with applicable Canadian securities laws expiring on Oct. 17, 2025, and Oct. 18, 2025, respectively. The offering remains subject to the final approval of the TSX Venture Exchange.

About Goliath Resources Ltd.

Goliath is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. All of its projects are in high-quality geological settings and geopolitically safe jurisdictions amenable to mining in Canada. Goliath is a member and active supporter of CASERM (Center to Advance the Science of Exploration to Reclamation in Mining), which is an organization that represents a collaborative venture between Colorado School of Mines and Virginia Tech. Goliath's key strategic cornerstone shareholders include Crescat Capital, McEwen Mining Inc., Rob McEwen, a global commodity group based in Singapore, Eric Sprott and Larry Childress.

We seek Safe Harbor.