Vancouver, March 18, 2019; Golden Goliath Resources Ltd. (TSX.V GNG ) (US: GGTH-F)

The Company is pleased to announce that it has now received TSX approval for its acquisition of the Kawi and SLF properties in the Dixie Lake area of the Red Lake district in Ontario. The company, which is already financed, plans to aggressively explore these properties and will start the exploration permitting process as soon as possible.

The Company’s new Kwai property (133 claim cells) is about 13 km south of GBRʻs Dixie Zone and is contiguous with BTUʻs Dixie South property and the new SLF property (99 claim cells) is about 7 km south of Kwai.

The terms for the new Ontario acquisitions are as follows:

Kwai

Upon signing	$10,000.00 (plus 200,000 shares upon TSX approval)
After 1 year	$10,000.00 (plus 200,000 shares)
After 2 years	$12,000.00
After 3 years	$16,000.00
After 4 years	$20,000.00
For 100% with a1.5% NSR with a buyback of 0.75% for $500,000

SLF

Upon signing	$9,200 (plus 200,000 shares upon TSX approval)
After 1 year	$10,000.00 (plus 200,000 shares)
After 2 years	$12,000.00
After 3 years	$16,000.00
After 4 years	$20,000.00
For 100% with a1.5% NSR with a buyback of 0.75% for $500,000

The company, which is already financed, plans to aggressively explore these properties and will start the exploration permitting process as soon as possible.
The Company will also soon form an Advisory Board with experts in the geology of the Red Lake and other mining districts.

Golden Goliath CEO Paul Sorbara says, “We are pleased to have been able to get these two properties, covering major structural features and known targets, in this rapidly growing new play in what can only be described as elephant country. We will begin actively exploring these properties as soon as exploration permits are approved.

At Great Bear Resources Dixie Project, gold mineralization was encountered along a 2.3 km strike of a 10 km long target. The system at Dixie has a high-grade gold zone that includes recent intervals of 16.35 metres of 26.91 g/t gold (DHZ-88-04) and 7 m @ 44.7 g Au/t (DHZ-88- 004) [ True widths not given ] and is open along strike and at depth. In a press release dated October 15, 2018 Chris Taylor, President and CEO of Great Bear said, “With generally a few metres of overburden covering most of the project, bedrock is mostly concealed at Dixie and the extensive gold system may have been missed during the historical Red Lake gold rush. This also means our drill area was not geologically mapped. Great Bear’s geological interpretation suggests we are drilling a dominantly mafic greenstone belt with comparable geological, structural, alteration and gold mineralization characteristics to the main Red Lake greenstone belt, where over 30,000,000 ounces of gold has been produced from 28 gold mines.” Great Bear Resources drilling returned 16.35 m @26.91 g Au/t (DHZ-88-003) and 7 m @ 44.7 g Au/t (DHZ-88- 004. Great Bear Resources just closed a bought deal financing for $3.5 million at $3.50 per share.

Great Bear Resources’ Dixie property is underlain by felsic volcanic flows and tuffs interlayered with mafic flows. Argillaceous interflow sediments occur locally, associated with chert-magnetite iron formation. The original gold mineralization (the 88-04 zone; now called the Dixie Limb Zone by Great Bear) is hosted in quartz veining and silicification in highly deformed argillite at a basalt contact. The recent high-grade discovery (South Limb Zone) appears to be hosted mainly in highly silicified, sheared basalts with no argillite or iron formation association. Golden Goliath’s Kwai property is contiguous to the south with the Dixie property.

The Company will also continue to search for new opportunities in Ontario and possibly other areas for Canada.

Through its wholly owned and funded Mexican Subsidiary, Minera Delta S.A. de C.V., the Company will continue to own 100% of its San Timoteo property in Chihuahua and the net smelter royalties from the 7 recently optioned properties, as well as the La Cruz property, which lies in another area of the State.

About Golden Goliath

Golden Goliath Resources Ltd. is a junior exploration company listed on the TSX Venture Exchange (symbol GNG). The Qualified Person (“QP”)for the information regarding Ontario properties is J. Paul Sorbara M.Sc., P.Geo. The QP has approved the scientific and technical disclosure in the news release.

The Company is focused on exploring and developing the gold and silver potential of properties in the Red Lake District of Ontario. The Company also holds a 100% interest in the San Timoteo property, located in the Sierra Madre Occidental Mountains of northwestern Mexico, as well as NSR royalties on several other nearby properties, and 100% of the La Cruz property, also in Chihuahua.

To find out more about Golden Goliath visit our website at www.goldengoliath.com.

FOR MORE INFORMATION CONTACT:
Golden Goliath Resources Ltd.
J. Paul Sorbara, M.Sc., P.Geo
President & CEO
Phone: +1(604) 682-2950 Email: jps@goldengoliath.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.