Received by email:

File: Press Release final  March 18, 2019.docx

/
 TSX.V:GNG
 
 
 www.goldengoliath.com
 
 

Golden Goliath Receives Approval for Two Properties in Red Lake District

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 prope
--->rties in the Dixie Lake area of the Red Lake district in Ontario.  The company, which is already financed, plans to ag
--->gressively 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 GBR{{ʻ ʻ} ʻ}s Dixie Zone and is co
--->ntiguous with BTU{{ʻ ʻ} ʻ}s Dixie South property and the new SLF property (99 claim cells) is about 7 km sou
--->th 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 distric
--->ts.
 
Golden Goliath CEO Paul Sorbara says, "We are pleased to have been able to get these two properties, covering major st
--->ructural features and known targets, in this rapidly growing new play in what can only be described as elephant countr
--->y. 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 targe
--->t. The system at Dixie has a high-grade gold zone that includes recent intervals of 16.35 metres of 26.91 g/t gold (DH
--->Z-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 pre
--->ss 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 b
--->een missed during the historical Red Lake gold rush.  This also means our drill area was not geologically mapped.  Gre
--->at Bear's geological interpretation suggests we are drilling a dominantly mafic greenstone belt with comparable geolog
--->ical, 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 f
--->or $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. Ar
--->gillaceous interflow sediments occur locally, associated with chert-magnetite iron formation. The original gold minera
--->lization (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 hos
--->ted mainly in highly silicified, sheared basalts with no argillite or iron formation association. Golden Goliath's Kwa
--->i 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 10
--->0% 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 Qua
--->lified Person ("QP")for the information regarding Ontario properties is J. Paul Sorbara M.Sc., P.Geo. The QP has appro
--->ved 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 Distric
--->t of Ontario. The Company also holds a 100% interest in the San Timoteo property, located in the Sierra Madre Occident
--->al Mountains of northwestern Mexico, as well as NSR royalties on several other nearby properties, and 100% of the La C
--->ruz 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(60
--->4) 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.