Awale Assets: Exploration and Discovery of Gold and Copper-Gold Deposits in West Africa

Firm Overview:

Zodiac Gold is on the forefront of gold exploration in West Africa, showcasing important exploration potential at its 100% owned Todi Undertaking, situated within the Republic of Liberia. The Todi Undertaking encompasses a 2,316 km2 land package deal that features geology and buildings recognized to host gold mineralization, located in a beforehand underexplored area of West Africa. Administration lives and operates on the bottom in Liberia with 24 years of West African expertise. The Firm has robust authorities and political knowhow and there’s a important U.S. Authorities presence in Liberia.

Key Highlights:

• District-Scale Discovery 2,316 km land package deal alongside the fertile Todi Shear Zone together with the 418 km Todi flagship property and one reconnaissance license overlaying a further 1,898 km.
• Proximity to Current Mines Strategically situated 20 km SE of Avesoro Assets’ New Liberty gold mine (1.74 M oz useful resource) and 30 km from the Ndablama gold mine (0.9 M oz useful resource).1
• Early Exploration Success and Ongoing Initiatives Section 1 Scout Drill Applications at Arthington and Alasala targets have intersected a number of broad zones of high-grade mineralization in 40 of 47 holes drilled to this point, highlighting the potential for the invention of latest gold deposits. A Section 2 Drilling Program is underway at Arthington with outcomes anticipated in Q1 2024. A extra complete drilling marketing campaign (as much as 10,000m) is anticipated to comply with in 2024 topic to the Firm securing extra financing.
• Infrastructure Benefit Effectively-established native and regional infrastructure with year-round street entry, drilling and exploration camp services, and shut proximity to airports and seaports.
• Skilled Management A proficient, discovery-driven, and capital market savvy administration workforce led by President CEO David Kol (14 years of West African expertise), supported by extremely achieved Board members and strategic advisors together with Renaud Adams (CEO of IAMGOLD), Doug Cater, Graham Warren, and Mike Demeter.

The Todi Undertaking:

The Todi Undertaking is the cornerstone of Zodiac Gold’s exploration endeavors within the prolific Todi Shear Zone of Central Liberia. Positioned inside the West African Craton, one of many world’s nice gold provinces and the biggest Paleoproterozoic gold-producing area internet hosting quite a few world-class gold deposits with an estimated gold endowment of over 450 Moz2, Zodiac Gold believes that the Todi Undertaking gives a compelling funding proposition.

The Todi Undertaking comprises quite a few prospects, targets and anomalies distributed all through the land package deal. These embrace conceptual geology targets primarily based on recognized settings of current greenstone belts, cross slicing shear zones, coherent gold in soil anomalies, stream sediment geochemistry and geophysical discontinuities and anomalies. Moreover, current artisanal mining websites are assumed to be situated on structural traits that proceed onto and thru the land package deal forming extremely potential targets for the invention of serious gold deposits.

• Potential Geology and District-Scale Potential: The Todi Property is strategically situated alongside the large Todi Shear Zone extending over 300 km, a gold-rich regional construction recognized to host many gold occurrences with tons of of intensive arduous rock artisanal mining websites. The venture comprises an 18.5 km lengthy mineralization development recognized by constant gold in soil anomalies containing intensive arduous rock artisanal gold mining websites, and 5 main multi-km drilling targets with seen gold. Equally, inside the reconnaissance license, stream geochemistry outlined a minimum of a 40-km lengthy gold hall for additional exploration and goal technology. Zodiac Gold believes that the venture holds important geological promise for gold exploration and discovery. It’s situated 20 km southeast of Avesoro’s New Liberty Gold Mine and 30 km from the Ndablama gold mine.
• 5 Excessive-Precedence Exploration Targets: Sampling, mapping, trenching and scout drilling applications have been accomplished alongside the regional development of the mineralization and recognized a minimum of 5 multi-km targets for mineralization over 18.5 km of strike size within the venture space, together with Alasala-Mandingo Hill, Alasala South, Arthington, Benben, FehFeh and Youth Camp.
• Profitable Historic and Section 1 Drill Program: Zodiac’s Section 1 Scout Drilling Program, accomplished in July 2022, together with earlier drilling carried out on the venture, revealed important gold mineralization in 20 of twenty-two drill holes with key intercepts together with: 6.15 g/t Au over 19.6m, 4.6 g/t Au over 9.0m, and seven.69 g/t Au over 6.0m at Alasala (2015); and seven.5 g/t Au over 9.6m, 10.6 g/t Au over 6.0m, and 4.7 g/t Au over 5.65m at Arthington (2022).

For additional particulars concerning the Todi Undertaking, check with the technical report ready by ACA Howe titled “Technical Report on the Todi Gold Undertaking in Liberia” and dated November 14, 2023, a replica of which is out there underneath Zodiac Gold’s SEDAR profile at www.sedarplus.com.

Exploration Plans:

Section 2 Drill Program: A 500 m drilling marketing campaign was accomplished in 2023 as a part of the continuing Section 2 Drill Program, primarily specializing in the Arthington goal. The marketing campaign aimed to check and prolong the mineralization alongside a 2,400 m strike of the +4km mineralized development recognized by the soil anomalies, trenching and high-grade channel chip samples on the bedrock the place the shear zones uncovered seen gold. The present drill program will function a foundation for the subsequent stage of intensive drilling program deliberate at Arthington with the objected of delineating a maiden useful resource on the property.

Zodiac Gold additionally intends to develop its drilling on different targets on the Todi Undertaking. The Alasala goal, with a +2 km strike size of mineralization outlined by constant trenching outcomes and inspiring scout drilling outcomes, is anticipated to be a precedence.

As a part of Zodiac Gold’s regional exploration and goal technology technique, soil sampling will probably be deliberate to follow-up the outcomes of stream geochemistry defining a 40-km gold hall with precedence exploration targets alongside the greenstone belts to verify the extension of mineralization into the reconnaissance license and determine extra exploration targets. All drilling and exploration work past the preliminary work program recognized within the technical report is topic to the Firm securing extra financing to fund such actions.

Senior Administration & Advisory Staff:

Zodiac Gold has assembled a senior administration and advisory workforce that brings a wealth of expertise, drive, and confirmed monitor information of success. With the CEO and VP, Exploration on-the-ground full-time in Liberia, the Firm’s administration is effectively positioned to execute the Firm’s exploration technique.

David Kol – President, CEO, & Director: David is a extremely skilled worldwide enterprise and startup govt with over 20 years of expertise in finance, advertising and marketing, enterprise growth, M&A, and govt administration, primarily within the useful resource sector, media/leisure, actual property and expertise industries. Previous to Zodiac, David held senior administration roles in Gem Rocks Mining Assets, World Media Group Holdings, The Gamers Community, World Media Ventures and Interactive Enterprises. David at the moment serves on the Board of Administrators of BluEarth Carbon Growth. David attended the College of California, Davis, the place he studied managerial economics, and has an A.A. (Felony Justice) from Diablo Valley School.

Efdal Olcer – VP, Exploration: Efdal Olcer is a extremely achieved and certified Exploration Geologist with 18 years of expertise. Efdal has distinctive technical expertise and expertise gained in varied mineral classes and numerous geological environments, together with Greenstone, Archean, Proterozoic and Tethyan in Africa, the Center East, and Turkey. He possesses a demonstrable monitor document in mineral exploration, particularly gold exploration in numerous deposit varieties together with; epithermal, porphyry, orogenic, and inside completely different terrains. He has additionally gained intensive greenfield and brownfield exploration and venture growth expertise with the bulk leading to discoveries and several other changing into worthwhile gold mines. Earlier than becoming a member of Zodiac, Efdal served as Chief Geologist for Summa Gold and Exploration Supervisor of MNG Gold, a subsidiary of Avesoro Holdings. Efdal additionally held senior geological positions for KEFI Minerals, Asia Minor Mining Inc., and Stratex Exploration PLC. Efdal holds a B.Sc. Diploma in Geological Engineering from Center East Technical College. He’s a member of the Society of Financial Geologists, Geological Society of London, Australian Institute of Geoscientists, Society of Geology Utilized to Mineral Deposits, and Turkish Affiliation of Economics Geologists.

Peter Granata – CFO: Peter Granata has greater than 18 years of expertise in finance and operations administration inside international organizations. He’s a dynamic, results-oriented skilled with govt positions in TSXV corporations and, prior to those, served as an Audit Supervisor for PricewaterhouseCoopers. Peter has ready monetary statements, MD&A, information releases, mine allowing purposes and venture money flows. With PricewaterhouseCoopers he carried out audits for Canadian IFRS, US GAAP reconciliations, Particular Objective Monetary Statements and has executed Group reporting underneath Canadian GAAP. His expertise consists of CFO for TSXV entities, capital elevating, worldwide company buildings, consumer engagement, C-suite & administrators engagement, M&A, financing, investor relations, associated occasion transactions, and finance transformation. Peter has a B. Bus and is a Chartered Accountant.

Douglas Cater, P.Geo FGC – Unbiased Director: Doug Cater is knowledgeable geologist who has labored extensively throughout Canada and internationally for greater than 35 years, with a specific concentrate on the Abitibi gold belt situated in NE Ontario. He has held positions with each senior and intermediate gold producers, together with Barrick Gold Corp., Placer Dome Inc. and Kinross Gold Corp. His African exploration expertise was obtained whereas serving as an Exploration Guide for Barrick Gold Corp. in Tanzania, the place he was chargeable for the venture administration of an exploration diamond drill program within the Lake Victoria greenstone belt. His most up-to-date govt place was as Vice President, Exploration (Canada) with Kirkland Lake Gold Ltd. Mr. Cater can also be a director of Sierra Metals Inc., Mayfair Gold Corp., Exploits Discovery Corp. and Gowest Gold Ltd. He’s a graduate of the ICD-Rotman Administrators Training Program.

Graham Warren, CPA, CMA – Director: Graham Warren is a senior monetary govt with over 30 years of expertise with rising and established corporations primarily within the mining and oil and gasoline sectors. His experience spans financings, M&A transactions, and guiding corporations via the going public course of. Mr. Warren serves as CFO and Director for Goliath Assets, Pangolin Diamonds Corp., and Platinex Inc. Mr. Warren has his B-Comm and is a Chartered Skilled Accountant.

Mark Kol – Unbiased Director: Mark Kol, a Zodiac Gold co-founder, boasts over 30 years in investor relations, enterprise capital, finance, and funding banking. With a ardour for capital elevating, Mark has excelled throughout numerous industries, together with actual property, exploration/mining, expertise, biotech, and media/leisure. Presently an Govt Vice President at CBRE, Mark’s profession consists of impactful roles in San Francisco’s funding banking scene, specializing in capital elevating and getting ready corporations for Preliminary Public Choices.

Renaud Adams – Advisory Board: Mr. Adams is a embellished mining govt and at the moment serves because the CEO of IAMGOLD Inc. (TSX:IMG) – a $1.6B market cap senior gold producer. Mr. Adams brings intensive expertise, having led the strategic repositioning of New Gold Inc. and served in key roles at Richmont Mines and Primero Mining Company. His impactful profession additionally consists of managing IAMGOLD’s Rosebel mine in Suriname and serving as Senior Vice President, Americas Operations.

Michael Demeter – Advisory Board: Michael Demeter, with over 25 years of fairness capital markets and mining funding banking expertise, serves as a strategic advisor. He’s at the moment a associate at Fort Capital and held earlier roles embrace Managing Director, Head of Institutional Gross sales at Haywood Securities Inc. and Affiliate Director, Institutional Equities at Macquarie Group.

About Zodiac Gold

Zodiac Gold stands on the forefront of gold exploration in West Africa, boasting a district-scale discovery within the Todi Undertaking. Guided by a dedication to accountable exploration and led by an skilled management workforce, Zodiac Gold is poised to play a pivotal function within the flourishing gold sector of West Africa. The corporate’s flagship Todi Undertaking, overlaying an expansive 2,316 km2 land package deal, is strategically situated in a beforehand underexplored area with shut proximity to the famend New Liberty Gold Mine. With a strong exploration technique, wonderful entry to infrastructure, and a concentrate on sustainable practices, Zodiac Gold is well-positioned for achievement in unlocking the complete potential of its intensive gold exploration belongings.

Certified Particular person

Efdal Olcer, Vice President of Exploration at Zodiac Gold, is a member of the Society of Financial Geologists, Geological Society of London, Australian Institute of Geoscientists, the Society of Geology Utilized to Mineral Deposits, and the Turkish Affiliation of Economics Geologists and a Certified Particular person as outlined by NI 43-101. He has reviewed and accredited the technical and scientific info offered on this launch.

On Behalf of Zodiac Gold Inc.

“David Kol”

President & CEO

For additional info, please go to the Zodiac-Gold web site at www.zodiac-gold.com or contact:

David Kol

President & CEO

data@zodiac-gold.com

Neither TSX Enterprise Change nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.

Ahead wanting info: This information launch consists of sure “forward-looking info” inside the that means of Canadian securities laws and “forward-looking statements” inside the that means of the US Non-public Securities Litigation Reform Act of 1995 (collectively “ahead wanting statements”).

Ahead-looking statements embrace predictions, projections, and forecasts and are sometimes, however not at all times, recognized by means of phrases equivalent to “search”, “anticipate”, “imagine”, “plan”, “estimate”, “forecast”, “count on”, “potential”, “venture”, “goal”, “schedule”, “price range” and “intend” and statements that an occasion or outcome “might”, “will”, “ought to”, “might” or “would possibly” happen or be achieved and different comparable expressions and consists of the negatives thereof. All statements apart from statements of historic truth included on this launch, together with, with out limitation, statements concerning the Firm’s deliberate exploration applications and drill applications and potential significance of outcomes are forward-looking statements that contain varied dangers and uncertainties. There might be no assurance that such statements will show to be correct and precise outcomes and future occasions might differ materially from these anticipated in such statements. Ahead-looking statements are primarily based on various materials elements and assumptions. Vital elements that might trigger precise outcomes to vary materially from Firm’s expectations embrace precise exploration outcomes, modifications in venture parameters as plans proceed to be refined, outcomes of future useful resource estimates, future steel costs, availability of capital, and financing on acceptable phrases, basic financial, market or enterprise circumstances, uninsured dangers, regulatory modifications, defects in title, availability of personnel, supplies, and gear on a well timed foundation, accidents or gear breakdowns, delays in receiving authorities approvals, unanticipated environmental impacts on operations and prices to treatment similar, and different exploration or different dangers detailed herein and now and again within the filings made by the Firm with securities regulators. Though the Firm has tried to determine essential elements that might trigger precise actions, occasions, or outcomes to vary from these described in forward-looking statements, there could also be different elements that trigger such actions, occasions, or outcomes to vary materially from these anticipated. There might be no assurance that forward-looking statements will show to be correct, and accordingly readers are cautioned to not place undue reliance on forward-looking statements.

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