Goliath Resources Inc.
PINK SHEETS : GHRI

Goliath Resources Inc.

October 20, 2006 16:39 ET

Goliath Resources Inc. Appoints Chairman and Launches Website www.goliathresources.com

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 20, 2006) - Goliath Resources Inc, (PINK SHEETS:GHRI) ("Goliath") is pleased to announce it has appointed Andrew R. McM. Bell as director and Chairman.

Andrew Bell is the representative of the vendor group holding the Gold and Copper interests recently acquired by the company. He is the President of BellMin Limited, a company investing in mineral exploration as well as in companies in the mineral exploration and development sectors.

He is currently Chairman of AIM-listed Regency Mines PLC, Red Rock Resources PLC, and Greatland Gold PLC, as well as Chairman of Aquarian Gold Corp., and a director of AIM-listed Ormonde Mining PLC.

Andrew Bell holds B.A. and M.A. degrees in History from Oxford University, and a LLB degree from London University.

In the 1970s he was a resource analyst at Morgan Grenfell & Co (now Deutsche Morgan Grenfell), following which he ran an offshore Pacific Basin Fund ranked No. 1 over two and three years by Lipper Analytical, was Managing Director of a Hong Kong-based investment bank, and was a director of a private equity business. Identifying the likely impact of Chinese and Indian growth rates on commodity demand, he then returned to the resource business with an emphasis on the development of deposits capable of serving those markets.

The BellMin group has interests through group companies in significant deposits of Nickel and Manganese. Goliath now becomes the North American arm of this fast-developing group, and will seek advanced exploration and production opportunities in the developing world, including Africa, to create an exploration and development pipeline of projects in different stages of development and with different exploration risk and political risk profiles.

The Company is also pleased to announce the launch of its website; www.goliathresources.com for Stockholders and the Investment Community.

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.


Contact Information