Goliath Provides Exploration Update on its Nelligan Gold-Copper Project, Abitibi Greenstone Belt - Seite 2

Identification of the Remick North, Main and South Break or deformation zones within highly altered and sheared dacite-rhyodacite flows, tuffs and high level intrusives, now termed the Remick Lake Volcanic Complex (the “RLVC”) of the Doda Lake Claims;

Highly deformed (schistose) dacitic lapilli and breccia tuffs are observed on the Remick South Break - elongated/stretched fragments are featured of several compositions: siliceous cherts, feldspar-(quartz-) phyric dacites and dacitic massive flows (Figure 7) containing trace to 10% sulphides (pyrite, pyrrhotite, chalcopyrite and rare bornite); and

Assays pending on all samples taken.

Mr. Roger Rosmus, President and CEO of Goliath states: “Goliath’s first program demonstrates the discovery potential of the Nelligan Project. Additional worked is planned for 2021 and will include both airborne and ground geophysical surveys, further prospecting of both Nelligan West and East. The work should help to delineate potential high priority drill targets. We believe in the discovery potential in this relatively unexplored segment of the Chibougamau-Chapais Mining Camp within recently uncovered major structural corridors of the Nelligan Project. Exploration work by Goliath will focus on disseminated and vein style of precious metal mineralization for both 1 to 1.5 g/t gold in a bulk mineable scenario, and 5 to 15 g/t gold in a more selective underground mineable scenario, as well as gold bearing massive sulphides.”

“Having uncovered sulphide bearing intrusive and volcanic rocks of the Remick Lake Volcanic Complex, and accompanying InputEM anomalies, Goliath has opened the discovery potential of copper-zinc and/or gold-copper-zinc mineralization. Tuff breccias and hypabyssal intrusives tend to occur in proximity to volcanic vents. These vents could potentially dump fluids and gases rich in carbon, sulfur, hydrogen, oxygen and the likes in surrounding rocks and on the ocean floor. If preserved, these rocks could contain a significant amount of sulphides, as disseminations and veins, and the surrounding ocean bottom could host layered sulphides with either graphite, cherts and/or iron formations. The Nelligan West Claim Block is highly promising at this time” commented Mr. Jean Lafleur, P. Geo., a Director of the Company.