Leviathan Gold commences first phase of trenching at the Foča Project, Bosnia and Herzegovina.

• Recent Induced Polarization survey results show a clear chargeable feature approximately 75-100 metres in width coincident with a prominent ENE-WSW trending system of faults, upslope from an area of very high-grade silver, lead and zinc in float samples.
• Target is believed to represent a conduit for underlying Mississippi Valley Type or SEDEX mineralization.
• Renewal of the Marevo Exploration License by the Ministry of Energy and Mines of Republika Srpska in effect.
  

VANCOUVER, British Columbia, April 17, 2025 (GLOBE NEWSWIRE) -- Leviathan Gold Ltd. (“Leviathan”, the “Company”) (LVX – TSXV, 0GP – Germany) is pleased to announce the commencement of a first phase of shallow mechanical trenching with the objective of defining near-term drill targets at the company’s Foča Project (“Foča”, the “Project”), in Republika Srpska, Bosnia and Herzegovina. This program directly follows the successful completion of the first phase of an induced polarization and electrical resistivity survey at the Company’s Vrela Prospect and will take place upslope from an area of very high-grade silver, lead and zinc in float samples collected by the Company in 2024 (Figure 1).

The induced polarization and electrical resistivity survey, consisting of 1,900 metres of line data, has revealed a clear, chargeable feature approximately 75-100 metres in width across two survey lines coincident with a prominent ENE-WSW trending system of faults (Figure 2), itself coincident with zinc and lead anomalism in soil samples observable along a 2-kilometre trend (press release of November 25, 2024). This fault, identified on government geological survey maps at a scale of 1:100,000, and further understood by Leviathan’s field team, is thought to represent a conduit for underlying base and precious metal mineralization of Mississippi Valley Type or SEDEX affinity.

Similar trenching will also be carried out over further targets identified on the basis of soil, rock-chip geochemistry and field mapping by Leviathan geologists, and will be reported on accordingly. The Company also intends to expand geophysical survey coverage along strike of the broader Vrela structure and coincident geochemical anomaly in the investigation of a potentially broader mineralizing system.

The Company is also pleased to confirm that renewal of its 100%-owned Marevo Exploration License by the Ministry of Energy and Mines of Republika Srpska has been effected.

The induced polarization and electrical resistivity survey was completed by S.C. Belevion Impex S.R.L. of Bucharest, Romania, and employed a Pole-Dipole array using a SCINTREX system composed of a 3 kVA transmitter, an IPR-12 receiver, and multichannel (8-channel) cables with non-polarizable Cu|CuSO₄ ceramic electrodes. Data acquisition was conducted with 8 simultaneous channels, utilizing a 20 metre roll-along spacing. The full spread covered 320 metres, with Rx electrodes positioned at decreasing intervals toward the current injection point.