Mr. Paul Sorbara reports

GOLDEN GOLIATH COMPLETES FIRST PHASE OF PROGRAM AT MANICOUAGAN PROJECT

Golden Goliath Resources Ltd. has released initial results of the exploration program at the Manicouagan project in central Quebec. The project is still continuing.

The Manicouagan project consists of four properties covering anomalous rare earth element (REE) occurrences just to the south of the Manicouagan impact crater in Quebec. The initial program consisted of ground geophysics, geology and geochemistry to identify the source of lake sediment anomalies, and to assess previously known anomalous rock samples.

Along with highly prospective metamorphic and igneous complexes, the Manicouagan project has excellent infrastructure with hydro power facilities and access. Highway 389 splits the properties and secondary access is provided by recent forestry activities.

The properties are all underlain by metamorphic and intrusive complexes of the Grenville geological province. The rock and till sampling program confirmed the presence of anomalous values in most of the rare earth elements, along with rubidium, strontium, thorium and zirconium. Mapping found significant thicknesses and generations of apparently prospective pegmatites intruding into the host gneiss and granites.

Of the numerous pegmatites occurring on the properties and underlying the radiometric features recently identified by Golden Goliath, it is considered that sufficient magnetic contrast can be resolved between the various combinations of pegmatite and host rocks that a detailed, high-resolution drone magnetometer survey will allow the company to reliably identify potentially mineralized pegmatite bodies under the modest local till cover.

Broad spatial correlation of radiometric features with previously known and recently identified pegmatitic, potential REE host features is highly encouraging, and validates the exploration approach used. Greater refinement of these radiometric features into well-defined REE targets is considered to be possible using the drone-mag methodology described above.

Robust multiline anomalies were identified in the recently completed geophysics program, indicating a considerable size to the highly prospective geology. This radiometric survey has allowed Golden Goliath to focus on some of the most prospective areas of the land package, and has yielded key information regarding orientations and broad distribution of potential REE target bodies.

Paul Sorbara, Golden Goliath chief executive officer, said: "We achieved our goals with our initial exploration, and I am very pleased with the work to date and the potential it has shown. This area is underexplored and has tremendous potential for critical minerals such as REEs."

This news release has been reviewed by Gordon MacKay, PGeo, who is acting as the qualified person (QP) under the National Instrument 43-101 requirements.

About Golden Goliath Resources Ltd.

Golden Goliath Resources is a junior exploration company listed on the TSX Venture Exchange (GNG). The company is focused on exploring and developing the gold and silver potential of properties in the Red Lake district 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 NSR (net smelter return) royalties on several other nearby properties.

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