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File: PR8262013gng.doc

 
 TSX:GNG
 
 
 www.goldengoliath.com
 
 

LAS BOLAS / LOS HILOS UPDATE


Vancouver, Canada, August 26, 2013 - Golden Goliath Resources Ltd. (TSX.V:GNG) (US:GGTH-F)

The Company has received the final report from Agnico Eagle Mines Limited on their 2013 drilling program on the Las Bo
--->las/ Los Hilos property.  The diamond drill program was carried out between May 5th and May 26th, 2013, and totaled 93
--->0 meters in 10 holes; from which 992 core samples were obtained and sent to ALS Chemex laboratory for assaying. Five o
--->f these drill holes aimed to test the "El Orito" area, three drill holes were located at "Los Hilos" area and two dril
--->l holes were located at "Las Bolas-El Gambusino" area. The program aimed to test mineralized structures including vein
--->s, stockwork zones, faults and fractures parallel to known mineralized structural trends.

Most of the drill holes encountered altered and broken rock and some anomalous gold values, and one hole, drilled in t
--->he El Orito Zone near Los Hilos, returned a significant intersection (1.0 m @ 10.7 gm/tonne gold and 38.0 gm/tonne sil
--->ver.

The Company has been informed that Agnico Eagle Mines Limited has elected to terminate the agreement and all technical
---> information is being delivered to the Company. 

The Company believes that the Los Hilos District still offers the opportunity for gold mineralization throughout the p
--->roject area which includes gold bearing quartz stockwork zones, strongly silicified zones, strong fracture zones hosti
--->ng iron-manganese oxides, plus, numerous known mineral occurrences within small-scale mine workings. Los Hilos, Las Bo
--->las and El Gambusino mines show considerable historical mine development.  Management believes that there is still ver
--->y substantial untested potential on the large Las Bolas/ Los Hilos property and will be looking at other avenues to fu
--->rther advance the property.

Meanwhile, the Company has been continuing its work within the San Martin tunnel on the San Timoteo property. Recent r
--->ehabilitation work has opened 4 new levels in addition to the original adit and level and assay plans are currently be
--->ing prepared for release.  The Company is pleased with the expansion and assay results to date and will be reporting t
--->he exploration results shortly.

About Golden Goliath
Golden Goliath Resources Ltd. is a junior exploration company listed on the TSX Venture Exchange (symbol GNG). The Qua
--->lified Person for the Uruachic project is J. Paul Sorbara M.Sc., P.Geo. The Company is focused on exploring and develo
--->ping the gold and silver potential of an historic mining camp located in the world famous Sierra Madre Occidental Moun
--->tains of northwestern Mexico. Golden Goliath's Uruachic claims are owned 100% by the Company and are fully paid for wi
--->th no property option or purchase payments to make. 

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 
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this rele
--->ase.
Cautionary Note Regarding Forward-Looking Statements
The information in this news release includes certain "forward-looking statements" All statements, other than statemen
--->ts of historical fact, included herein including, without limitation, plans for and intentions with respect to the com
--->pany's properties, statements regarding intentions with respect to obligations due for various projects, strategic alt
--->ernatives, quantity of resources or reserves, timing of permitting, construction and production and other milestones, 
--->are forward looking statements. Statements concerning Mineral Reserves and Mineral Resources are also forward-looking 
--->statements in that they reflect an assessment, based on certain assumptions, of the mineralization that would be encou
--->ntered and mining results if the project were developed and mined in the manner described. Forward-looking statements 
--->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. Important factors
---> that could cause actual results to differ materially from GNG's expectations include the uncertainties involving the 
--->need for additional financing to explore and develop properties and availability of financing in the debt and capital 
--->markets; uncertainties involved in the interpretation of drilling results and geological tests and the estimation of r
--->eserves and resources; the need for cooperation of government agencies and local groups in the exploration, and develo
--->pment of properties; and the need to obtain permits and governmental approval. GNG's forward looking statements reflec
--->t the beliefs, opinions and projections of management on the date the statements are made. GNG assumes no obligation t
--->o update the forward looking statements if management's beliefs, opinions, projections, or other factors should they c
--->hange.