Golden Goliath closes last tranche of Private Placement for Quebec REE work

Golden Goliath Resources Ltd. has announced the closing of the last tranche of its private placement announced on July 14. This first tranche totals $204,000 consisting of 1,700,000 flow-through shares and 1,700,000 warrants. The second tranche totals $190,000 consisting of 1,900,000 non flow-through shares and 1,900,000 warrants. The warrants are exercisable at a price of $0.20 for a period of two years from closing. Funds will be used to work on the Company's four REE projects in Quebec. Securities issued will be subject to a hold period of four months and a day. The Company paid a finders' fee of $16,320 cash and136,000 warrants having the same terms as the warrants under the Units.

About Golden Goliath

Golden Goliath Resources Ltd. is a junior exploration company listed on the TSX Venture Exchange (symbol GNG). The Company is focused on exploring and developing four Rare Earth element properties in Quebec and two gold properties in the Red Lake and Sault Ste. Marie Mining Districts of Ontario. The Company also holds a 100% interest in the San Timoteo property, located in the Sierra Madre Occidental Mountains of northwestern Mexico, as well as NSR royalties on seven other nearby properties.

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