Goliath Resources proposes to extend the term of McEwen Inc.’s warrants. to extend.

Goliath Resources Limited (TSX-V: GOT) (OTCQX: GOTRF) (FSE: B4IF) (“Goliath” or the “Company”) announces that it has filed an application with the TSX Venture Exchange (the “TSXV”) to extend the term of an aggregate of 2,590,673 common share purchase warrants of the Company (the “Warrants”), with each Warrant exercisable to purchase one common share of the Company (each a “Warrant Share”) at a price of $2.50 per Warrant Share. As disclosed by the Company in a press release dated March 10, 2025, the Warrants were issued by the Company on March 10, 2025 in connection with a $10,000,000 strategic unbrokered private placement of 5,181,347 units of the Company (“Units”) to McEwen Inc. (NYSE: MUX) (TSX: MUX) (“McEwen”), an independent party. to the Company, at an assumed price of C$1.93 per unit, in exchange for the issuance to the Company of an aggregate of 868,056 shares of McEwen common stock (“McEwen Shares”) at an assumed price of C$11.52 per McEwen Share.

The Warrants are scheduled to expire on March 10, 2026. Subject to acceptance by the TSXV, the Company will extend the expiration date of the warrants by six months to September 10, 2026. All other terms of the Warrants, including the exercise price, remain unchanged.

About Goliath Resources Limited

Goliath Resources is an explorer of precious metals projects in Northwest British Columbia’s promising Golden Triangle. All of its projects are located in high-quality geological environments and geopolitically secure mining-prone jurisdictions in Canada. Goliath is a member and active supporter of CASERM, an organization representing a partnership between Colorado School of Mines and Virginia Tech. In 2025, Goliath completed its largest drilling campaign to date for a total of 64,364 meters. It is fully funded for a similar sized drilling program in 2026. The company’s key strategic cornerstone shareholders include Crescat Capital, Waratah Capital Advisors, McEwen Inc. (NYSE: MUX) (TSX: MUX), a Global Commodity Group (Singapore), Rob McEwen, Eric Sprott and Larry Childress.

For more information please contact:

Goliath Resources Limited
Mr. Roger Rosmus
Founder and CEO
Tel: +1.416.488.2887
roger@goliathresources.com
www.goliathresourcesltd.com

Disclaimer for forward-looking statements

Certain statements in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of the words “could,” “intend,” “expect,” “believe,” “will,” “projected,” “estimated” and similar expressions and statements regarding matters that are not historical facts are intended to identify forward-looking information and are based on Goliath’s current belief or assumptions about the outcome and timing of such future events. Actual future results may differ materially. In particular, this press release contains forward-looking information relating to, among other things: the extension of the term of the Warrants; and TSXV approval of the extension of the term of the Warrants. Various assumptions or factors are generally applied when drawing conclusions or making predictions or projections in forward-looking information. These assumptions and factors are based on information currently available to Goliath. Although such statements are based on management’s reasonable assumptions, there can be no assurance that the proposed transactions will occur or that, if the proposed transactions do occur, they will be completed on the terms described above.

The forward-looking information contained in this press release is made as of the date hereof and Goliath undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify all forward-looking information contained herein.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.