GNG Golden Goliath Resources Ltd

Golden Goliath Resources Ltd. (TSX VENTURE:GNG)(PINK SHEETS:GGTH-F) For
immediate release.


The Company is pleased to announce that is has signed a minimum 4,000 metre
diamond drilling contract for its 100% owned Las Bolas / Los Hilos property
located in the Uruachic mining district in northwestern Mexico. The contractor
is currently preparing to mobilize their equipment to the site.


Recent work, in preparation for this drilling program has been focused on the
three main Las Bolas northeast trends (which host the Las Bolas working itself
as well as other important workings such as Gambusino, Frijolar, Corazon and
Guadalupana), as well as the newly discovered, north-south Filo de Oro trend,
which hosts the Los Hilos West, Palo Dulce, Mosca de Plata, La Plomosa and Los
Hilos East workings. The upcoming drilling program is being designed to
accomplish several objectives; to significantly increase the existing inferred
resource, to substantiate the previously estimated potential target of the 12
known vein systems in the western portion of the property, to start to define a
resource in and around the high grade Los Hilos workings and evaluate at depth
the rapidly developing open pit potential of the Filo de Oro trend.


Based on the Company's work, Filo de Oro has two components. A large surface
zone that may be over 1,120 metres in length, from 200 to 440 metres in width
and approximately 230 metres thick which overlies near-vertical high-grade-vein
feeder zones that are beneath and cut through the surface zone. The roughly
north-south Filo de Oro trend is a topographic high located at the east end of
the east-west Las Bolas, Frijolar and Corazon trends. These three east west
trends host the other 12 known vein systems on the Las Bolas property and the
main Las Bolas Mine workings which were the focus of the NI 43-101 report
completed last fall.


About Golden Goliath

Golden Goliath Resources Ltd. is a junior exploration company listed on the TSX
Venture Exchange (symbol GNG). The Qualified Person who has reviewed and
approved this release is J. Paul Sorbara M.Sc., P.Geo. 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. 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.

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