Golden Goliath Resources Ltd. has arranged a private placement to up to $600,000. The financing will consist of units priced at 12 cents with a full warrant. Each warrant will entitle the holder to purchase an additional common share at a price of 15 cents for a period of 12 months from the date of closing of the private placement.

The private placement will include participation by related parties to the company. The participation in the placement by these related parties constitutes a related party transaction (as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions). The company relies upon the “Issuer Not Listed on Specified Markets” and “Fair Market Value Not More Than $2.5-million” exemptions from the formal valuation and minority shareholder approval requirements, respectively, under MI 61- 101.

The units will be subject to a statutory hold period of four months and a day from the closing date of the offering. The offering remains subject to regulatory approval.

The company intends to use the net proceeds of the offering to acquire crushing equipment, conveyors and leach tanks etc. to process rock for the company’s partnership in Egypt, and for general working capital.

About Golden Goliath Resources Ltd.

Golden Goliath is a junior exploration company based in Vancouver, B.C., focused on the exploration and development of precious metal properties in mining-friendly jurisdictions. The company is actively exploring its projects in Ontario’s Red Lake district and other high-potential areas in Canada.

We seek Safe Harbor.

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

FOR MORE INFORMATION CONTACT:
Golden Goliath Resources Ltd.

Maki Petkovski, CEO 

Email: maki@goldengoliath.com

Cautionary and Forward-Looking Statements

This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward‐looking statements or information. Forward‐looking statements and information are often, but not always, identified by the use of words such as “appear”, “seek”, “anticipate”, “plan”, “continue”, “estimate”, “approximate”, “expect”, “may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”, “would” and similar expressions.

Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward‐looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to, the expected timing and terms of the private placement, use of proceeds, anticipated work program, required approvals in connection with the work program and the ability to obtain such approvals. Accordingly, readers should not place undue reliance on the forward‐looking statements, timelines and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive.

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