Golden Goliath Resources Ltd. (TSX VENTURE:GNG)(PINK SHEETS:GGTH-F)

The Company is pleased to announce that the recently sampled gold and silver
zone within the Mosca de Plata workings on the Los Hilos ridge, which was first
disclosed in the Company's October 26th press release, has been extended. The
Los Hilos ridge is a roughly north south topographic feature that is 1,400
metres long, 200 to 400 metres wide and up to 175 metres high. This ridge lies
on the eastern side of the Las Bolas property, about 1,100 metres from the
entrance to the Las Bolas tunnel, and is roughly perpendicular to the three main
Las Bolas mineralized trends. Several old workings have been identified within
the Los Hilos ridge and they occur over a vertical interval of 105 metres. The
Filo de Oro is a disseminated gold and silver target zone running along the
crest of the ridge. It varies in width from 10 to 70 metres and has been traced
over 400 metres and is open in both directions. 


The exploration crew has been rehabilitating other levels above the main Mosca
de Plata tunnel, and also rehabilitated parts of the main tunnel not previously
sampled. As per the current sampling and mapping, the Mosca de Plata tunnel and
its two sub-levels have a strike length of approximately 46 metres and is 11
metres wide.


The Phase 2 sampling program included both surface and the levels above the main
Mosca de Plata tunnel. The two levels sampled are 9 to 14 metres above the main
tunnel. In total, Mosca de Plata tunnel sampling averaged 0.70 gm/tonne gold and
153 gm/tonne silver over 46 metres. Higher grade numbers were found at the
intersection of a roughly north south trending mineralized zone called Filo de
Oro, which runs along the Los Hilos ridge. Unlike the 3 mineralized
northeast-southwest trends on the western portion of the Las Bolas property,
Filo de Oro is a bulk-tonnage open-pit target, with higher grade veins running
through it, and is almost perpendicular to the other defined trends. This new
target expands the overall potential of the property and has become an important
part of the Company's ongoing exploration program.


See the table below for details of the Phase 2 sampling.

The following vein orientations were observed in the Phase 2 sampling program:

- Azimuth 320 degrees to 340 degrees, dipping 35 degrees-75 degrees to the West
(23 locations measured)


- 40 degrees Azimuth dipping 20 degrees-40 degrees to the Northwest (4 locations
measured)


- North-South dipping 50 degrees-70 degrees to the West (4 locations measured).

Initial surface sampling results are encouraging. The sampling covered a small
hill 46 meters west of Mosca de Plata over an area of 60 metres by 90 metres and
the results indicate that the roughly north-south Filo de Oro target zone may be
wider than previously thought. The total area covered by the underground and
surface sampling extends for 180 metres east-west across the Los Hilos ridge and
the results indicate that this may all be within the Filo de Oro bulk tonnage
target, which is locally wider due to the intersection of an east west
structure. 79 surface samples retuned an average of 0.82 gm/tonne gold and 40
gm/tonne silver. Of significance is a 1.5 metre wide vein dipping northwest that
is exposed over 40 metres, At one location two contiguous chip samples across
the structure averaged 10.2 gm/tonne gold, and 257 gm/tonne silver. Over the 40
metres of exposure 18 chip samples across the structure averaged 1.56 gm/tonne
gold and 77 gm/tonne silver.


535 metres east and 160 metres below the entrance to Mosca de Plata, is the San
Luis workings. San Luis is a large structure dipping southeast. One vein
assaying 1850 gm/tonne silver over a 0.3 m width within this structure shows the
potential for high grade mineralization within the bigger mineralized system.


On a property wide scale, higher elevations are generally more gold dominant
where we find Mosca de Plata and Filo de Oro. As we move lower in the system
mineralization becomes more silver and base metals dominant as demonstrated at
Las Bolas-Los Hilos property, which is typical of epithermal systems.


The Company is very pleased with the continuing results and is integrating this
new gold/silver zone with detailed surface and underground mapping to further
test the exciting Filo de oro target in the next phase of drilling.


About Golden Goliath

Golden Goliath Resources Ltd. is a junior exploration company listed on the TSX
Venture Exchange (symbol GNG). The Qualified Person who has reviewed this
release 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. 




---------------------------------------------------------------------------
                     Mosca de Plata - Phase 2 Sampling
---------------------------------------------------------------------------
                                                   Weighted Average(i)
---------------------------------------------------------------------------
                                   Sample
Sample        Gold     Silver       Width        Gold    Silver       Width
No        Gm/tonne   Gm/tonne       metre    Gm/tonne  Gm/tonne       metre
---------------------------------------------------------------------------
760866        0.28         76         0.5
---------------------------------------------------------------------------
760868        0.35         78         0.6
-----------------------------------------
760869        0.36         52         0.9
-----------------------------------------
760870        0.24         63        1.05        0.31        63        2.55
---------------------------------------------------------------------------
760871        0.43        169        0.75
---------------------------------------------------------------------------
760872        0.39        115         1.2
---------------------------------------------------------------------------
760873        0.28        783         1.1
---------------------------------------------------------------------------
760874        0.38        106         1.5
---------------------------------------------------------------------------
760876        0.34        121         0.6
---------------------------------------------------------------------------
760877         0.3         79         0.7
---------------------------------------------------------------------------
760875        0.19         96        1.15
-----------------------------------------
760878        0.27         77        1.45
-----------------------------------------
760879        0.25        107        0.85        0.24        91        3.45
---------------------------------------------------------------------------
760880        0.23         45         0.9
---------------------------------------------------------------------------
760881        0.39         91         0.5
---------------------------------------------------------------------------
760882        0.22         40         0.5
---------------------------------------------------------------------------
760883        0.33        104        1.05
---------------------------------------------------------------------------
760884        0.58         38         0.6
---------------------------------------------------------------------------
760885        0.27         12         1.1
-----------------------------------------
760886        0.23         56         0.9        0.25        32           2
---------------------------------------------------------------------------
760887        0.16         94         0.7
---------------------------------------------------------------------------
760888        0.16         56         0.6
---------------------------------------------------------------------------
760889        0.12         63         0.9
---------------------------------------------------------------------------
760890        0.32         73         0.8
---------------------------------------------------------------------------
760891        0.51        400        1.45
---------------------------------------------------------------------------
760892        0.36        136         0.9
-----------------------------------------
760893        0.21        104         0.6
-----------------------------------------
760894        0.12         62         0.6
-----------------------------------------
760895        0.36        125        0.55
-----------------------------------------
760896        0.16         59         0.8
-----------------------------------------
760897        0.31        907        0.75        0.26       242         4.2
---------------------------------------------------------------------------
760898        0.24        364        1.05
---------------------------------------------------------------------------
760899        0.23         83        1.15
---------------------------------------------------------------------------
760900        0.43         68         0.8
---------------------------------------------------------------------------
808201        0.54        963         0.6
-----------------------------------------
808202        0.58        170         0.7
-----------------------------------------
808203        0.84        778         0.8
-----------------------------------------
808204        0.61        533         0.5        0.66       610         2.6
---------------------------------------------------------------------------
808205         1.6      1,340         0.8
---------------------------------------------------------------------------

   (i) Weighted averages are given for sets of contiguous samples only.


---------------------------------------------------------------------------
              Fila de Oro Surface Sampling - Phase 2 Sampling
---------------------------------------------------------------------------
                                                   Weighted Average(i)
---------------------------------------------------------------------------
                                   Sample
Sample        Gold     Silver       Width        Gold    Silver       Width
No        Gm/tonne   Gm/tonne       metre    Gm/tonne  Gm/tonne       metre
---------------------------------------------------------------------------
760776         0.4         20        0.95
-----------------------------------------
760777        0.22         12         1.3         0.3      15.1        2.25
---------------------------------------------------------------------------
760787        0.55         48        0.75
-----------------------------------------
760788         0.5         39        1.05        0.52     42.75         1.8
---------------------------------------------------------------------------
760789        0.25         13         1.1
-----------------------------------------
760790        0.48         14         0.7
-----------------------------------------
760791         1.6         92        0.65
-----------------------------------------
760792         2.1        124         0.6        0.95     51.90        3.05
---------------------------------------------------------------------------
760799        0.48         93         1.1
-----------------------------------------
760800        0.19         74        0.85        0.35     84.72        1.95
---------------------------------------------------------------------------
808004        0.46         19        0.75
---------------------------------------------------------------------------
808005        1.07        315         0.6
-----------------------------------------
808006        0.53         15         0.6         0.8       165         1.2
---------------------------------------------------------------------------
808015        0.71         84         0.7
-----------------------------------------
808016        0.46         38         0.5
-----------------------------------------
808017        0.37         23        0.95        0.50     46.35        2.15
---------------------------------------------------------------------------
808018        0.75         76         0.9
-----------------------------------------
808019        24.4        529         0.6        10.2     257.2         1.5
---------------------------------------------------------------------------
808044        0.05         13        1.05
---------------------------------------------------------------------------
808049        0.06         24         1.5
---------------------------------------------------------------------------
808050        0.06         14         1.2
---------------------------------------------------------------------------
808052        0.19         23         1.5
---------------------------------------------------------------------------
808053        0.69         42         0.6
---------------------------------------------------------------------------
808058        0.06         34         0.9
---------------------------------------------------------------------------
808062         0.1         28         0.7
---------------------------------------------------------------------------
808072        0.23         12         1.6
---------------------------------------------------------------------------
808075        0.08         14         1.1
---------------------------------------------------------------------------
808077        0.06          8        1.45
---------------------------------------------------------------------------
808079        0.19         10        2.15
---------------------------------------------------------------------------
808080        0.06         25         1.1
---------------------------------------------------------------------------
808081        0.22         16         1.1
---------------------------------------------------------------------------
808082        0.19         12        1.35
---------------------------------------------------------------------------
808083        0.16         14         1.5
-----------------------------------------
808084         0.7         91        0.75
-----------------------------------------
808086        0.16         78        1.75        0.26     56.44           4
---------------------------------------------------------------------------
808087        0.19         10         1.3
-----------------------------------------
808088        0.27          8         0.7
-----------------------------------------
808089        0.05          7         2.1        0.13      8.12         4.1
---------------------------------------------------------------------------
808090        0.12         16         1.2
---------------------------------------------------------------------------
808133        0.06          6        1.27
---------------------------------------------------------------------------
808134        0.17         12        1.05
---------------------------------------------------------------------------
808137        0.25         14         0.6
---------------------------------------------------------------------------
808144        0.06          5         1.6
---------------------------------------------------------------------------
808150         0.1          5         0.9
---------------------------------------------------------------------------
808151        0.06          5         1.2
---------------------------------------------------------------------------
808155        0.06          5         1.7
---------------------------------------------------------------------------
808157        0.35          5         1.6
---------------------------------------------------------------------------
808158        0.76          5         0.5
---------------------------------------------------------------------------
808159        0.42          5           1
---------------------------------------------------------------------------
808160        0.68          5        2.45
---------------------------------------------------------------------------
808161        0.71          5         1.5
---------------------------------------------------------------------------
808162        1.18          6         1.3
---------------------------------------------------------------------------
808163        0.88          5        1.05
---------------------------------------------------------------------------
808164        1.27          5         0.8
---------------------------------------------------------------------------
808165        0.55          5         2.3
---------------------------------------------------------------------------
808166        0.79          5         0.6
---------------------------------------------------------------------------
808168        0.79         20         1.4
---------------------------------------------------------------------------
808169        0.76          5         1.5
---------------------------------------------------------------------------
808170        0.59          5         1.8
-----------------------------------------
808171        0.71          5         1.2        0.64         5           3
---------------------------------------------------------------------------
808172        0.75          5         1.6
---------------------------------------------------------------------------
808173        0.39          5         1.2
---------------------------------------------------------------------------
808174        0.72          5        1.75
---------------------------------------------------------------------------
808175        0.78         11         0.9
-----------------------------------------
808176         0.4          5        1.45
-----------------------------------------
808177        0.56          5         1.1        0.55      6.57        3.45
---------------------------------------------------------------------------
808178        1.51          9         0.8
---------------------------------------------------------------------------
808179        0.54          5         1.2
---------------------------------------------------------------------------
808180        0.84          8         1.5
-----------------------------------------
808181        0.81          8        0.85
-----------------------------------------
808182        0.46          5        1.05        0.72      7.07         3.4
---------------------------------------------------------------------------
808183        0.55          5        1.25
---------------------------------------------------------------------------
808184         0.5          5         1.4
---------------------------------------------------------------------------
808185        0.78          5         1.3
---------------------------------------------------------------------------
808186        0.79         10        1.05
---------------------------------------------------------------------------
808187        0.79          6         0.8
---------------------------------------------------------------------------
808188        0.65          5         0.8
-----------------------------------------
808189         0.8          8        1.75
-----------------------------------------
808190         1.2          8        1.45        0.92       7.4           4
---------------------------------------------------------------------------

   (i) Weighted averages are given for sets of contiguous samples only.



To view the map accompanying this press release, please click on the following
link: http://media3.marketwire.com/docs/gng1118.jpg


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