Zodiac Gold Announces Conversion of Reconnaissance License into Two New Exploration Licenses Covering 1,899 Square Kilometers in Liberia's Todi Shear Zone

Zodiac Gold Inc. (TSXV: ZAU) ("Zodiac Gold" or the "Company"), a West-African gold exploration company, is pleased to announce the successful conversion of its reconnaissance license into two new mineral exploration licenses, covering a total of 1,899 square kilometers within the highly prospective Todi Shear Zone in Liberia. This milestone marks a significant step forward in Zodiac Gold's ongoing exploration and development efforts in the region, known for its potential to host major gold and iron ore deposits. With this conversion the Company now controls three exploration licenses totalling 2,316 square kilometers in the Todi Shear Zone.

Figure-1: Map showing Zodiac Gold's Exploration Licenses

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The new exploration licenses provide Zodiac Gold with exclusive rights to conduct comprehensive geological and geophysical surveys, trenching, drilling, and other advanced exploration activities over the designated areas. Zodiac Gold's exploration to date has demonstrated the significant potential of the Todi Shear Zone and the Company is committed to advancing its understanding of the zone's gold-bearing potential.

Zodiac Gold has completed stream sediment sampling, field assesments, desktop reviews, and satellite data interpretation in the areas now converted to exploration licenses, and has identified numerous targets for follow-up exploration. In particular, significant stream sediment anomalism has been identified along a major Todi Shear Zone structure.

David Kol, CEO of Zodiac Gold, commented: "The conversion of these licenses represents a pivotal moment for Zodiac Gold as we continue our exploration of this highly prospective land package. With over 2,300 square kilometers to explore, we are excited to unlock the full mineral potential of the Todi Shear Zone and continue our efforts to create value for our shareholders."

The Todi Shear Zone is a strategically important region in Liberia, attracting increasing attention from both local and international mining companies. Zodiac Gold is confident that its exploration activities in this area will not only enhance the company's asset portfolio but also contribute to the economic development of Liberia through job creation, community engagement, and sustainable resource management.

Zodiac Gold remains committed to maintaining the highest standards of environmental stewardship and social responsibility throughout its exploration activities. The company will work closely with local communities and government authorities to ensure responsible exploration practices and mutual benefit.

Qualified Person

Tom Dowrick, Director of Exploration at Zodiac Gold, is a Chartered Geologist of the Geological Society of London and a Qualified Person as defined by NI 43-101. He has reviewed and approved the technical and scientific information provided in this release.

About Zodiac Gold

Zodiac Gold Inc. (TSXV: ZAU) is a West-African gold exploration company focused on its flagship Todi Project situated in Liberia-an underexplored, politically stable, mining friendly jurisdiction hosting several large-scale gold deposits. Strategically positioned along the fertile Todi Shear Zone, Zodiac Gold is developing a district-scale gold opportunity covering a vast 2,316 km2 land package. The Todi project has undergone de-risking, showcasing proven gold occurrences at both surface and depth, with five drill-ready targets and high-grade gold intercepts

For further information, please visit the Zodiac Gold website at www.zodiac-gold.com or contact:

David Kol
President & CEO
info@zodiac-gold.com

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

Forward-Looking Information

This news release includes certain "forward-looking statements" within the meaning of Canadian securities legislation.

Forward-looking statements include predictions, projections, and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company's planned exploration programs and drill programs and potential significance of results are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company's expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital, and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials, and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events, or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate, and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

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Zodiac Gold Nominates Michael Demeter for Election to its Board of Directors

Zodiac Gold Inc. (TSXV: ZAU) ("Zodiac Gold" or the "Company"). Zodiac Gold is pleased to announce that Michael Demeter will be nominated for election to its Board of Directors at Zodiac's annual and special meeting of shareholders on September 23, 2024. Mr. Demeter joins the Company's four incumbent directors - David Kol, Mark Kol, Douglas Cater and Graham Warren - as the Company's five nominees for election to the Board at the meeting.

"We are thrilled to include Mike as a new nominee to the Board of Directors," said David Kol, CEO of Zodiac Gold. "Mike has been a very loyal shareholder and advisor to Zodiac Gold and his extensive experience and deep understanding of the financial markets will be instrumental in guiding the Company as we continue to explore and develop the Todi Project, which we believe will prove to be a world class deposit. Mike's appointment is a strategic addition to the Board, reinforcing our commitment to building a first rate, best in class team to unlock shareholder value."

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"We are thrilled to embark on the fully funded drilling program at our highly prospective Alasala target, following on from the success we've had in two phases of drilling at Arthington," said David Kol, CEO of Zodiac Gold Inc."This marks a significant milestone in our exploration journey, and the exceptional results we've seen so far underscore the strong potential of this area. Our focus remains on delivering value for our shareholders and stakeholders, and we look forward to the insights this drilling phase will provide."

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"We are thrilled to have obtained the EPA permit and to have our drill rig ready to commence operations at Alasala," said David Kol, CEO of Zodiac Gold. "This achievement is a testament to our team's hard work and our commitment to sustainable and responsible exploration practices. We look forward to advancing our exploration efforts and contributing to the growth and prosperity of Liberia."

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Zodiac Gold Appoints Tom Dowrick as Director of Exploration

Zodiac Gold Inc. (TSX: ZAU) ("Zodiac Gold" or the "Company"), is pleased to announce the appointment of Tom Dowrick as Director of Exploration. In this role, Mr. Dowrick will oversee Zodiac Gold's exploration initiatives, including the identification of high-value targets, creation and supervision of drill campaigns, and the overall development and execution of exploration programs.

Mr. Dowrick is a seasoned Chartered Geologist with 17 years of experience in the mining and exploration industry. Since 2011, he has been a driving force at ACA Howe International Limited, where he serves as Managing Director. In this role, he manages a range of geological and mining consultancy projects around the globe, including serving as a consultant on Zodiac Gold's Todi Project in the Republic of Liberia, West Africa. Mr. Dowrick has substantial experience in West Africa, having completed field and desk-based reviews of the exploration activities of both public and private companies in Liberia, Mali, Guinea, Mauritania, Sierra Leone, South Sudan, and Mozambique, in addition to projects in Argentina, Brazil, Costa Rica, Ecuador, Kazakhstan, and Australia.

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Galloper's initial drilling is targeting a significant expansion of the known orogenic gold system at Glover Island, while a potential new discovery is emerging adjacent to the gold trend on the western side of the Island where a multi-kilometre-long copper anomaly has been identified through recent Galloper soil sampling combined with an historic VTEM Survey.

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Horizon Minerals Limited Phillips Find Mining Update

Perth, Australia (ABN Newswire) - Horizon Minerals Limited (ASX:HRZ) is pleased to provide an update on the development of the Phillips Find Gold Project ("Phillips Find").

HIGHLIGHTS

- Joint Venture (JV) Agreement executed with BML Ventures Pty Limited (BML) to develop and mine two open pits at Phillips Find

- All management, technical, operational and maintenance roles to be undertaken by BML with oversight by the Company

- Low financial risk JV structure with BML to fund all project costs, with net cashflow after the asset recovery and repayment of costs to be split 50/50 between Horizon and BML

- Mining Proposal submitted to the Department of Energy, Mines, Industry Regulation and Safety (DEMIRS) to develop Phillips Find lodged in early June 2024 with approval expected shortly

- The Mining Proposal is the last key approval required to develop Phillips Find

- Existing 200kt Toll Milling Agreement executed with FMR Investments in May 2024 to be utilised for Phillips Find JV ore

- In light of awaiting final permitting, the milling schedule has been renegotiated with PhillipsFind ore treated at FMR Investments Greenfields mill from February 2025 to June 2025

- Timing of cashflows to Horizon are expected to be unaffected as initial cash from gold revenue will repay BML's working capital prior to splitting out surplus net cashflows on a 50/50 asis towards the end of the project

- Pre-production planning is well advanced, with clearing and site establishment crews and the200 tonne excavator ready to mobilise to site from mid-September 2024 subject to Mining Proposal approval.

About Horizon Minerals Limited:

Horizon Minerals Limited (ASX:HRZ) is a gold exploration and mining company focussed on the Kalgoorlie and Menzies areas of Western Australia which are host to some of Australia's richest gold deposits. The Company is developing a mining pipeline of projects to generate cash and self-fund aggressive exploration, mine developments and further acquisitions. The Teal gold mine has been recently completed.

Horizon is aiming to significantly grow its JORC-Compliant Mineral Resources, complete definitive feasibility studies on core high grade open cut and underground projects and build a sustainable development pipeline.

Horizon has a number of joint ventures in place across multiple commodities and regions of Australia providing exposure to Vanadium, Copper, PGE's, Gold and Nickel/Cobalt. Our quality joint venture partners are earning in to our project areas by spending over $20 million over 5 years enabling focus on the gold business while maintaining upside leverage.