Golden Goliath Resources closes $600,200 financing

Mr. Maki Petkovski reports GOLDEN GOLIATH CLOSES PRIVATE PLACEMENT Golden Goliath Resources Ltd. has closed its private placement announced on Feb. 26. The financing comprised 5,001,671 units issued at a price of 12 cents for gross proceeds of $600,200. Each unit comprises one common share and one whole warrant entitling the holder to purchase one additional common share for a period of 12 months at a price of 15 cents. All securities issued under this private placement will be subject to a hold period for four months and a day in accordance with applicable securities laws. The company paid a finder'ss fee to Clarence Financial Pty. Ltd. of $9,287 cash and 77,394 warrants having the same terms as the warrants under the units. The private placement will include participation by insiders of the company in an amount of 1,041,666 units. The participation in the placement by these insiders 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 company intends to use the net proceeds of the offering to acquire crushing equipment, conveyors and leach tanks etc. to process rock for the company's partnership in Egypt, and for general working capital. About Golden Goliath Resources Ltd. Golden Goliath 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.