TORONTO - Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the 'Company' or 'Goliath') is pleased to report continued successful drilling at the Surebet discovery at its 100% controlled Golddigger Property (the 'Property'), Golden Triangle, B.C. as all holes have intersected broad intervals of sulphide mineralization up to 135 meters.

Observations from drilling 3 holes (583 meters total) on Pad 15 all intersected significant intervals of sulphide mineralization up to 98.99 meters. It consists of stringers and aggregations of semi-massive to massive pyrrhotite, chalcopyrite and pyrite within veins, stockwork and breccia. Sulphide mineralization has been observed throughout the drill holes and remains open. This is a 1.5 km step out to the west at Pad 15 from Pad J located on the New Extension Target.

In addition, the Surebet Zone was confirmed in outcrop along the North Slope where it is continuously mineralized with an average width of 5 m from North Rubble to the Real Deal structure located 1 km to the west, where it disappears under the ice of a melting glacier. New outcrops discovered along the shear zone on the North Slope consist of several blow out zones of up to 4.5 meters of semi-massive to massive galena-pyrrhotite-sphalerite and a section of 1.5 meters wide massive sulphide (mainly galena, minor pyrrhotite) extending for several tens of meters. Mapping of the contact between the Hazelton Group sediments and volcanics suggests that the Surebet Zone follows this contact in the most western part of the shear zone before the inclination of the mineralized shear zone steepens to 70 degree dip and becomes broader nearer the contact with the intrusive of the Coast Plutonic Complex. These targets remain to be drill tested.

Roger Rosmus, Founder and CEO of Goliath Resources, states: 'We continue to be extremely encouraged that 100% of all drill holes completed to date on the Surebet discovery have intersected broad zones of significant sulphide mineralization up to 135 meters wide. The drilling and data continue to demonstrate the presence of an extensive mineralizing system underlying the property confirmed over an area of 5.25 square km, the mineralization remains open in all directions. Seeing these broad intercepts of mineralization in the Hazleton volcanics is a welcomed surprise that could potentially add exponential size to the project. In addition, the Surebet Zone has been traced at surface along the North Slope for 1.1 km to the north end of the Real Deal structure with an average width of 5 meters. This mineralized shear zone contains massive galena, pyrrhotite and sphalerite and has an alteration envelope up to 30 meters wide characterized by sulphides and veining/stockwork that remains open. We look forward to receiving the assays from drilling with great anticipation'

Drill hole GD-22-28

Drill hole GD-22-28 (azimuth 020-degree; dip -70-degree, EOH 112 m) intercepted a broad 15.89 meters interval of sulphide mineralization from 17.46 meters to 33.35 meters with a 57.83 meters envelope of veining and chlorite-epidote alteration with trace sulphides from bedrock to 62.50 meters. Mineralization mainly consists of stringers and aggregations of pyrrhotite up to 2 centimeters wide within quartz-chlorite-epidote veins and breccia and disseminated and fracture-hosted pyrite.

Drill Hole GD-22-28 targeted the projected plane of the Surebet Zone modelled with the intercepts and orientations from 2020 channel cuts and 2021 drill hole data. Drill data and new field observations indicate that the orientation of the Surebet Zone in the area of Pad 15 is shallower and therefore occurs at a higher stratigraphic level above Pad 15.

Drill hole GD-22-29

Drill hole GD-22-29 (azimuth 134-degree; dip -70-degree, EOH 270 m) intercepted 3 broad intervals of alternating sulphide mineralization and quartz-epidote-chlorite veining, stockwork and breccia from 4.46 meters (start of bedrock) to 53.89 meters (49.43 m interval), from 64.27 meters to 86.20 meters (21.93 meters interval) and from 106.15 meters to 175.46 meters (69.31 meters interval). Mineralization for the majority consists of millimeter- to centimeter-size aggregations and stringers of pyrrhotite/pyrite, disseminated sulphides and trace sphalerite.

Drill Hole GD-22-28 targeted the projected plane of the Surebet Zone modelled with the intercepts and orientations from 2020 channel cuts and 2021 drill hole data. Drill data and new field observations indicate that the orientation of the Surebet Zone in the area of Pad 15 is shallower and therefore occurs at a higher stratigraphic level above Pad 15.

Drill hole GD-22-31

Drill hole GD-22-29 (azimuth 235-degree; dip -65-degree, EOH 199 m) intercepted a broad interval of mainly disseminated sulphide mineralization associated with quartz-chlorite-epidote veining from 3.17 meters to 102.16 m meters (interval 98.99 meters). Stringers and centimeter-size domains of semi-massive pyrrhotite and chalcopyrite occur in the top part of the hole (to 18.38 m), where the drill hole intersected the Cloud 9 fault.

Drill Hole GD-22-31 targeted the projected plane of the Cloud 9 fault modelled based on surface measurements obtained from mapping and surface sampling.

Observed Mineralization

The rock observed in the core of all three holes completed on Pad 15 consists of a sulphide-rich plagioclase-phyric to porphyritic andesite with strong biotite, chlorite, sericite and epidote surrounding veins, brecciated domains and fractures. Mineralization primarily occurs as mm to cm stringers and aggregations of sulphides within quartz-biotite-chlorite-sericite filled fractures and veins throughout a strongly biotitized-chloritized and/or epidotized andesitic host rock and as disseminated grains throughout the altered andesite. The majority of the mineralization consists of pyrrhotite (locally up to 5%), pyrite (locally up to 2%) and minor chalcopyrite. Pyrrhotite is generally found throughout the core as millimeter- to centimeter-size stringers and aggregations within the strongly altered domains and disseminated within the host rock. Pyrite occurs throughout the andesitic rocks as millimeter-size disseminated crystals and in stringers and aggregations up to a few millimeters wide. The mineralized andesitic rocks show patchy biotite-chlorite and/or epidote alteration generally associated with veining, breccia and fractures containing sulphide mineralization. The biotite alteration and textures in combination with the chloritization, silica alteration/quartz veining, epidotization and sulphide precipitation all indicate fluid movement through the rock from a nearby intrusive source.

Surebet Zone Continuation Along North Slope

The Surebet Zone was confirmed in outcrop along the North Slope where it is continuously mineralized with an average width of 5 meters from North Rubble to Real deal structure located 1 km to the west, where it disappears under the ice of a melting glacier. New outcrops discovered along the shear zone on the North Slope consist of several blow out zones of up to 4.5 meters of semi-massive to massive galena-pyrrhotite-sphalerite and a section of 1.5 meter wide massive sulphide (mainly galena, minor pyrrhotite) extending for several tens of meters. Mapping of the contact between the Hazelton Group sediments and volcanics suggests that the Surebet Zone follows this contact in the most western part of the shear zone before the inclination of the mineralized shear zone steepens to a 70 degree dip and becomes broader nearer the contact with the intrusive of the Coast Plutonic Complex. These targets remain to be drill tested.

About Goliath Resources Limited

Goliath Resources Limited is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia and Abitibi Greenstone Belt of Quebec. All of its projects are in world class geological settings and geopolitical safe jurisdictions amenable to mining in Canada.

Contact:

Mr. Roger Rosmus

Tel: +1-416-488-2887

Email: roger@goliathresources.com

Web: www.goliathresourcesltd.com

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words 'could', 'intend', 'expect', 'believe', 'will', 'projected', 'estimated' and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Goliath's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. In particular, this release contains forward-looking information relating to, among other things, the ability of Company to complete the financings and its ability to build value for its shareholders as it develops its mining properties. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Goliath. Although such statements are based on management's reasonable assumptions, there can be no assurance that the proposed transactions will occur, or that if the proposed transactions do occur, will be completed on the terms described above.

The forward-looking information contained in this release is made as of the date hereof and Goliath is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

The securities referred to herein have not been and will not be will not be registered under the United States Securities Act of 1933, as amended (the 'U.S. Securities Act'), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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