GNG Golden Goliath Resources Ltd

Golden Goliath (TSX VENTURE:GNG)(PINK SHEETS:GGTHF), a junior exploration
company, is pleased to report the satisfactory progress of the exploration
drilling program at its 100% owned Uruachic mining camp. Five holes totaling
1,104.1 metres have been completed in the vicinity of the old San Martin mine
located on the San Timoteo property with a 6th hole presently drilling to depth.
The San Martin mine's historic production records indicate an average grade of
7.8 grams gold/tonne and 1,038 grams silver/tonne, from a structure that is 800
metres long and 2.2 metres wide. These are the first drill holes to test the San
Martin and adjacent structures.


Additionally, five shorter holes totaling 462.25 metres have been completed just
north of the San Timoteo workings, close to the old Las Animas Mine, where
historic production grades ranged from 5.67 to 7.08 kilograms of silver per
tonne. The first San Timoteo hole intersected 217 grams silver/tonne over 1.25
metres at a depth of 192 metres, which was just prior to entering an unknown
underground working that stopped the hole just as it entered the target zone.
This hole will be re-drilled to avoid the workings and test the target zone in
the near future.


The first short Las Animas hole also cut 61 grams silver/tonne and 0.2 grams
gold/tonne from 42 to 43 metres. However, many of the assay results are yet to
be received as turnaround time has increased due to the heavy workload at the
labs. Results will be released when they are more complete.


"I am pleased to report this progress, because it has been made during one of
the heaviest precipitation seasons in recent history in the Uruachic region,"
said Paul Sorbara, M.Sc., P.Geo., President, Golden Goliath. "In addition, the
original drill that started the program has now been demobilized from the
property due to decreased performance, leaving one highly efficient rig working
at operational capacity. A second identical drill rig from the same contractor
is scheduled to be on site at San Timoteo next week. In addition, the Company
has signed a contract with a new drilling company and that equipment should be
ready to start on the La Reforma property in about two weeks. Negotiations are
currently underway with at least two other large drill companies for a fourth
drill rig, suitable for the Las Bolas work that we have planned. We have always
realized the vast potential available to us at this historically prolific mining
camp and we are anxious to further delineate these lands going forward as we
look to continually build value for Golden Goliath shareholders."


In addition to drilling, over the past two months, the Company has constructed
14.54 kilometres of drill access roads and constructed 30 drill pads in
preparation for a much larger program that will include the San Timoteo-Nueva
Union area, the La Reforma property and Las Bolas.



About Golden Goliath

Golden Goliath Resources Ltd. is a junior exploration company listed on the TSX
Venture Exchange (symbol GNG). The Company is focused on exploring and
developing the gold and silver potential of an historic mining camp located in
the world famous Sierra Madre Occidental Mountains of northwestern Mexico.
Unlike most juniors, which have an option to earn an interest in a single
property or a few scattered properties in various areas or countries, Golden
Goliath controls an entire old mining camp, or district, that covers an area of
15 by 25 kilometres, with numerous past producing gold and silver mines dating
back to the time of the Spaniards. Golden Goliath's Uruachic claims are owned
100% by the Company and are fully paid for with no property option or purchase
payments to make. To find out more about Golden Goliath visit
www.goldengoliath.com.


This press release contains forward-looking statements which may include
financial and business prospects, as well as statements regarding the Company's
future plans, objectives or economic performance and financial outlooks. Such
statements are subject to risk factors associated with the real estate industry
and the overall economy in both Canada and the United States. The Company
believes that the expectations reflected in this press release are reasonable,
but actual results may be affected by a variety of variables and may be
materially different from the results or events predicted in the forward-looking
statements. Readers are therefore cautioned not to place undue reliance on these
forward-looking statements.


In evaluating forward-looking statements readers should consider the risk
factors which could cause actual results or events to differ materially from
those indicated by such forward-looking statements. These forward-looking
statements are made as of the date hereof and unless otherwise required by
applicable securities laws, the Company does not intend nor does it undertake
any obligation to update or revise any forward-looking statements to reflect
subsequent information, events, results or circumstances or otherwise.

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