Goliath Resources Limited - All Holes Drilled to Date Hit Broad Sulphide Mineralization Up to 135 Meters Wide at Goliath's Golddigger Property, Golden Triangle, B.C.

TORONTO - Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the 'Company' or 'Goliath') is pleased to report observations from the drilling completed from its J Pad location on the Extension Target on the Surebet discovery at its 100% controlled Golddigger Property (the 'Property'), Golden Triangle, B.C.

All three drill holes completed to date on the New Extension Target have returned significant intervals of sulphide mineralization up to 135 meters. They consist 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.

The type of mineralization (including semi-massive to massive pyrrhotite and pyrite), textures (including veining, stockwork and brecciation) and alteration (chloritization, silicification, epidotization) observed in the New Extension Target located in the underlying volcanics are similar to what has been observed in drill holes and at surface on the Surebet Zone located higher in the above sediments strongly suggesting the same extensive underlying feeder source for the mineralizing fluids. Mineralization in the New Extension Target is hosted in Hazelton volcanic rocks (strongly altered plagioclase-phyric andesite) and in veins/breccia within the andesite. In comparison, mineralization in the Surebet Zone is mainly hosted in a shear zone cutting Hazelton sediments. Due to the difference in host rock composition (particularly the lower amount of Ca and Mg in the sediments compared to the andesite) and rock competence, the type of alteration and structures developed differ between the different host rocks even though they are probably part of the same system.

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: [phone]

Email: [e-mail]

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.

In particular, this announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States, or in any other jurisdiction in which such an offer would be illegal.

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