Goliath’s Updated Model Confirms Six New Gold Veins for a Total of 10 Demonstrates Increased Tonnage Potential at Surebet Discovery on Golddigger Property, Golden Triangle, British Columbia

HIGHLIGHTS:

• Generation of the updated structural vein/shear Leap Frog model takes into consideration all the surface and drill data collected (incl. oriented core) as well as the number of mineralized pierce points in each vein to date on the Surebet Discovery. This has resulted in an advanced understanding of the mineralized zones that remain open at Surebet, where 10 veins have now been confirmed, including Surebet (now Surebet Upper), Bonanza and Golden Gate; now two stacked Upper and Lower parallel veins (see images below).
  
  
  • An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/82cf14d6-3075-44eb ...
  • An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/926ff0d0-ac52-4d17 ...
  • An accompanying infographic is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/c7dbf39d-8147-43fb ...
    

• The volume of the Surebet Zone (now Surebet Upper) hosted in the sedimentary units shows a potential range of 28 – 35 million tonnes based on 108 mineralized pierce points that has widths up to 35 meters at 24.44 g/t AuEq. In addition, a secondary vein located approximately 15 meters below Surebet Upper and parallel to it, has been identified shows a potential range of 5 – 7 million tonnes based on 54 mineralized pierce points that has widths of up to 6 meters at 11.94 g/t AuEq. This new vein is named Surebet Lower and remains open.
• The volume of the Bonanza Shear is showing a potential range of 12 – 16 million tonnes based on 52 mineralized pierce points that have widths up to 10 meters at 27.94 g/t AuEq, including 3 meters at 46.04 g/t AuEq hosted at the contact between sedimentary rocks and now showing it continues into the volcanic rocks; it remains open.
• The volume of the Golden Gate Zone is showing a potential range of 4 – 5 million tonnes based on 52 mineralized pierce points that has widths up to 3 meters at 8.46 g/t AuEq and 3 meters at 22.07 g/t AuEq for the two identified parallel veins Upper and Lower hosted in the volcanic units respectively; they remain open.
• The updated structural model has identified six new gold veins that remain open showing potential volume ranges:
  • Big One (12 – 15 Mt) based on 51 mineralized pierce points that has widths of up to 3 meters at 6.75 g/t AuEq.
  • Eldorado (8 - 11 Mt) based on 57 mineralized pierce points that has widths of up to 3 meters at 11.39 g/t AuEq.
  • Surebet Lower (5 - 7 Mt) based on 54 mineralized pierce points that has widths of up to 6 meters at 11.94 g/t AuEq.
  • Goldzilla (4 - 5 Mt) based on 24 mineralized pierce points that has widths of up to 3 meters at 4.55 g/t AuEq.
  • Hotspot (2 - 3 Mt) based on 7 mineralized pierce points that has widths of up to 1 meter at 1.00 g/t AuEq.
  • Whopper (1 - 2 Mt) based on 27 mineralized pierce points that has widths of up to 4 meters at 13.60 g/t AuEq.
• The total combined volume ranges from the 10 veins shows 78 - 97 million in potential tonnes.
• The advanced structural model based on all drilling to date has confirmed key areas where further drilling could provide additional continuation of the extension of mineralized horizons as well as vectoring in on the possible mineralized feeder source.
• Detailed surface mapping of the Surebet area also has played a major role in clearly defining the structural controls on the vein and consequently the gold mineralization (see image below).