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GNG.V ·

Golden Goliath Private Placement To Be Increased

Financings

Corporate Office – Canada Corporate Office – Mexico

Suite 711 675 West Hastings Street, Vancouver, BC Minera Delta S.A. de C.V.

V6B-1N2, Canada C. Juan Felipe Orozco #516

Tel: (604) 682-2950 Col. San Felipe 31240 Chihuahua, Chih.

Fax: (604) 685-3764 Tel and Fax: (011 52) 614 414 6226

Email: [email protected] Email: [email protected]

TSX.V:GNG

www.goldengoliath.com

Golden Goliath Private Placement To Be Increased

Vancouver, May 6, 2020, Golden Goliath Resources Ltd. (TSX.V GNG ) (US: GGTH-F)

(Frankfurt: GGZ)

VANCOUVER, CANADA – May 6 , 2020: Golden Goliath Resources Ltd.

(“Golden Goliath” or the “Company”) is pleased to announce that due to

overwhelming demand the current non brokered private placement will be

increased from a maximum of $300,000 to up to $450,000.

The original offerring of up to 6,000,000 (the “Units”) at a price of $0.05 per unit

for gros s proceeds of up to $300,000.00 will be increased to up to up to

9,000,000 units. Each Unit will consist of one common share and one share

purchase warrant. Each warrant will entitle the holder to purchase an additional

common share at a price of $0.10 for a period of 12 months from the date of

closing of the private placement.

This private placement is being offered on a non- brokered basis and the Units

will be subject to a statutory hold period of four months and a day from the

closing date of the Offering. The Company may pay a cash finder’s fee up to 5

percent of the gross proceeds of the private placement The Offering remains

subject to regulatory approval.

The Company intends to use the net proceeds of the Offering to continue

exploration work on its Kwai property in the Red Lake mining district and for

general working capital.

Corporate Office – Canada Corporate Office – Mexico

Suite 711 675 West Hastings Street, Vancouver, BC Minera Delta S.A. de C.V.

V6B-1N2, Canada C. Juan Felipe Orozco #516

Tel: (604) 682-2950 Col. San Felipe 31240 Chihuahua, Chih.

Fax: (604) 685-3764 Tel and Fax: (011 52) 614 414 6226

Email: [email protected] Email: [email protected]

On Behalf of the Board of Directors

Paul Sorbara, MSc.PGeo

CEO, Golden Goliath Resources

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 the gold and

silver potential of properties in the Red Lake District 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 several other nearby properties.

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

FOR MORE INFORMATION CONTACT:

Golden Goliath Resources Ltd.

J. Paul Sorbara, M.Sc., P.Geo

President & CEO

Phone: +1(604) 682-2950 Email: [email protected]

Neither TSX Venture Exchange nor its Regulation Services Pr ovider (as that term is defined in

the policies of the TSX Venture Exchange ) accepts responsibility for the adequacy or accuracy of this

release.