Golden Goliath Resources Ltd.
TSX VENTURE : GNG
PINK SHEETS : GGTHF

Golden Goliath Resources Ltd.

July 15, 2009 12:40 ET

Golden Goliath Resources Ltd.: Frijolar II Underground Sampling Completed

Potential Strike Length at Las Bolas Extended

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 15, 2009) - Golden Goliath Resources Ltd. (TSX VENTURE:GNG)(PINK SHEETS:GGTH-F) is pleased to announce from chip sampling assay data from within the Frijolar II tunnel has now been received and compiled (see annexed table and sample map on the Company's website). Excellent values were returned within this working, including 4.19 metres grading 536 gm silver/tonne and 1.72 metres grading 726 gm silver/tonne. Frijolar II lies about 200 metres south of the Las Bolas tunnel on a separate, parallel trend. Initial sampling was conducted within this tunnel in 2008, along its 71 metre length. A subsequent cave-in has now blocked access to the end of the working allowing only 43 metres to be covered by the current sampling, which averaged 281 gm silver/tonne over the entire length, with an average mining width of 2.51 metres.

In addition to the Frijolar II work, two other old workings called San Luis and El Maguachi have now been entered and sampled for the first time. These workings, which trend in the same direction as those in the main Las Bolas area, lie approximately 1,400 metres east of the Frijolar II tunnel, and the mineralization within them looks identical to that found within the Las Bolas tunnel. Three samples were taken within the San Luis area. A chip sample across a thirty cm wide vein structure within San Luis ran 509 gm silver/tonne, with 0.21 gm gold/tonne and its 1 metre wide footwall assayed at 74 gm silver/tonne. A grab sample of the same structure, further along the working, assayed 720 gm silver/tonne with 0.42 gm gold/tonne. Outside, 200m south of the San Luis at a collapsed working called San Luis II, a chip sample across a 30 cm wide exposure of the same vein structure assayed at 1,850 gm silver/tonne with 0.61 gm gold/tonne. The existence of these workings and the mineralization found there indicates that the Las Bolas, Frijolar and El Corazon trends have a strike length, measured from the entrance of the Las Bolas mine tunnel, of approximately 1,600 metres. An updated map of this area appears on the Company's website.

About Golden Goliath

Golden Goliath Resources Ltd. is a junior exploration company listed on the TSX Venture Exchange (symbol GNG). Assays are done using traditional methods at Inspectorate Labs and Chemex Labs. The Qualified Person for the Uruachic project is J. Paul Sorbara M.Sc., P.Geo. The Company is focused on exploring and developing the gold and silver potential of an historic mining camp located in the world famous Sierra Madre Occidental Mountains of northwestern Mexico. Golden Goliath's Uruachic claims are owned 100% by the Company and are fully paid for with no property option or purchase payments to make.

To find out more about Golden Goliath visit our website at www.goldengoliath.com.



Frijolar II Sample Data

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Weighted Average
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Sample Zone HW(ii) FW(iii) Gold Silver Width Gold Silver
Number (cm(i)) (cm) (cm) gm/tonne gm/tonne (metre) gm/tonne gm/tonne
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760539 167 0.05 13
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760540 70 0.05 96
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760541 94 0.05 182 3.31 0.05 79
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760542 150 0.1 165 1.5 0.10 165
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760543 114 0.06 20
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760544 81 0.05 16
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760545 213 0.15 117 4.08 0.11 70
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760546 88 0.05 14
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760547 189 0.08 156
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760548 70 0.05 108 3.47 0.07 110
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760549 117 0.06 748
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760550 124 0.08 948
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760551 178 0.05 110 4.19 0.06 536
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760552 104 0.08 855
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760553 68 0.05 528 1.72 0.07 726
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760554 125 0.1 289
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760555 153 0.05 327 2.78 0.07 310
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760556 150 0.05 301 1.5 0.05 301
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760557 107 0.05 54
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760558 113 0.05 327 2.2 0.05 194
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760559 100 0.05 248
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760560 90 0.06 582 1.9 0.05 406
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760561 190 0.08 72
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760562 80 0.17 1245 2.7 0.11 420
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760563 190 0.05 95
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760564 70 0.05 708 2.6 0.05 260
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760565 90 0.05 313
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760566 50 0.32 16 1.4 0.15 207
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760567 91 0.05 151
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760568 90 0.05 517 1.81 0.05 333
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(cm(i)) equals centimeter, FW(ii) equals Footwall,
HW(iii) equals Hangingwall


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