Goliath Resources Inc.

Goliath Resources Inc.

January 22, 2008 12:00 ET

Goliath Resources Inc. Announces Completion of Initial Exploration Program at Flume

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 22, 2008) - Goliath Resources Inc. (PINK SHEETS:GHRI) ("Goliath") announces that it has completed its initial exploration programme at the Flume project in the Yukon, that was concentrated on preparatory work for a more extensive programme in 2008.

Thirty kilometers of tracks were cleared, and accommodation, a helipad and part of an airstrip completed before the snow set in. Application was made for permission to prepare additional access tracks.

Some mapping was also carried out, and three short test auger drill holes completed. The Auger drill remains on site ready for the 2008 drilling season. Access to the target areas proved difficult due to the absence of tracks, so that the holes were drilled on the edge of two of the gold anomalies. 55 samples were taken, enhancing understanding of the rock sequence and geology, and showing gold traces in shallow decomposed bedrock up to 0.04 g/t. On completion of the tracks, it is intended that the company will test the four most promising gold in soil anomalies by auger and diamond core drilling.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes", "expects", "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

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