Golden Goliath arranges $165,000 private placement

Mr. Maki Petkovski reports GOLDEN GOLIATH ANNOUNCES PRIVATE PLACEMENT Golden Goliath Resources Ltd. has arranged a private placement to up to $165,000. The financing will consist of units priced at 5.5 cents. The private placement will include participation by related parties to the company. The participation in the placement by these related parties constitutes a related party transaction (as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions). The company relies upon the "Issuer Not Listed on Specified Markets" and "Fair Market Value Not More Than $2.5-Million" exemptions from the formal valuation and minority shareholder approval requirements, respectively, under MI 61-101. The units will be subject to a statutory hold period of four months and a day from the closing date of the offering. The offering remains subject to regulatory approval. The company may pay a finder's fee on a portion of the proceeds. The company intends to use the net proceeds of the offering to progress the exploration campaign in the company's partnership in Egypt and for general working capital. About Golden Goliath Resources Ltd. Golden Goliath Resources Ltd. is a junior exploration company based in Vancouver, B.C., focused on the exploration and development of precious metal properties in mining-friendly jurisdictions. The company is actively exploring its projects in Ontario's Red Lake district and other high-potential areas in Canada, and has recently expanded internationally acquiring a partnership and operatorship of a development project in Egypt's Eastern Desert. We seek Safe Harbor.