Mr. J. Paul Sorbara reports

GOLDEN GOLIATH CLOSES LAST TRANCHE OF PRIVATE PLACEMENT

Golden Goliath Resources Ltd. has closed the last tranche of its private placement announced on July 14. This first tranche totals $204,000 consisting of 1.7 million flow-through shares and 1.7 million warrants. The second tranche totals $190,000 consisting of 1.9 million non-flow-through shares and 1.9 million warrants. The warrants are exercisable at a price of 20 cents for a period of two years from closing. Funds will be used to work on the company's four rare earth element projects in Quebec. Securities issued will be subject to a hold period of four months and a day. The company paid a finder's fee of $16,320 in cash and 136,000 warrants, having the same terms as the warrants under the units.

About Golden Goliath Resources Ltd.

Golden Goliath is a junior exploration company listed on the TSX Venture Exchange (symbol GNG). The company is focused on exploring and developing four rare earth element properties in Quebec and two gold properties in the Red Lake and Sault Ste. Marie mining districts of Ontario. The company also holds a 100-per-cent interest in the San Timoteo property, located in the Sierra Madre Occidental mountains of northwestern Mexico, as well as net smelter return royalties on seven other nearby properties.

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