Golden Goliath Announces Partnership to Explore and Develop Egyptian Mining Concession
Golden Goliath Announces Partnership to Explore and
Develop Egyptian Mining Concession
VANCOUVER, CANADA – February 4, 2026: Golden Goliath Resources Ltd.
(“Golden Goliath” or the “Company”) (TSXV: GNG). The Company is pleased to
announce that it has entered into a Partnership Agreement with Nexgold International
Mining Company (“Nexgold”) to explore and develop the West Gabal El Dehies
Concession in Wadi Al-Alaqi in the Eastern Desert, in the Republic of Egypt. Golden
Goliath has been granted the right to participate in this Partnership pursuant to the
Services Agreement entered into with Petko Resources Pty Ltd. (see news release
dated September 12, 2025). Golden Goliath will hold a 29.5% interest and Nexgold will
hold a 10% interest. The remaining 60.5% is held by a local company and government
controlled company. Golden Goliath and Nexgold will be responsible pro rata for all
operating and capital costs. Capital assets purchased pro rata will be owned by the
Partnership. Nexgold will be the operator as they are registered in Egypt and will be
entitled to management fees as is typical for a transaction of this type.
The West Gabal El Dehies Concession is 15.45 square kilometres located 190
kilometres by road from Aswan. There has been a long history of artisanal mining in
this area dating back to the times of the Pharaohs. Geological mapping has been
completed over the West Gabal El Dehies Concession using remote sensed data plus
extensive ground truthing and surface mapping. The gold in the Concession is primarily
orogenic gold hosted in quartz veins and associated alteration zones. During 2025
there was artisanal mining being conducted on the Concession, the Partnership intends
to review the artisanal mining operation to determine how best to expand operations
and conduct further exploration within the Concession.
The Agreement is considered a related-party transaction pursuant to Multilateral
Instrument 61-101, as the Company’s CEO, Maki Petkovski, is a director and officer of
Nexgold. The Agreement is exempt from the need to obtain minority shareholder
approval and a formal valuation as required by and under applicable provisions of MI
61-101 as each party will share pro rata in the Partnership.
“This agreement represents a turning point in the history of Golden Goliath as it will
bring forward gold production for the first time in the history of the Company,” said Mr.
Sorbara, the Chairman of the Board at Golden Goliath. “It is the culmination of our new
strategy introduced to Golden Goliath by our CEO Mr. Petkovski last year, which aims to
expand our interests into a highly prospective gold producing province within a
competitive production cost environment.”
The scientific and technical content of this news release has been reviewed and
approved by Maki Petkovski, and a Qualified Person (QP) as defined by National
Instrument 43-101.
About Golden Goliath
Golden Goliath Resources Ltd. is a junior exploration company based in Vancouver,
B.C., focused on the exploration and development of precious metal properties in
mining-friendly jurisdictions. The Company has its projects in Ontario's Red Lake District
and other high-potential areas in Canada.
To find out more about Golden Goliath visit our website at www.goldengoliath.com.
FOR MORE INFORMATION CONTACT:
Golden Goliath Resources Ltd.
Maki Petkovski, CEO
Email: [email protected]
Cautionary and Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information
within the meaning of applicable securities laws. These statements relate to future
events or future performance. All statements other than statements of historical fact may
be forward-looking statements or information. Forward-looking statements and
information are often, but not always, identified by the use of words such as “appear”,
“seek”, “anticipate”, “plan”, “continue”, “estimate”, “approximate”, “expect”, “may”, “will”,
“project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”,
“would” and similar expressions.
Forward-looking statements and information are provided for the purpose of providing
information about the current expectations and plans of management of the Company
relating to the future. Readers are cautioned that reliance on such statements and
information may not be appropriate for other purposes, such as making investment
decisions. Since forward-looking statements and information address future events and
conditions, by their very nature they involve inherent risks and uncertainties. Actual
results could differ materially from those currently anticipated due to a number of factors
and risks. These include, but are not limited to, the expected timing and terms of the
private placement, use of proceeds, anticipated work program, required approvals in
connection with the work program and the ability to obtain such approvals. Accordingly,
readers should not place undue reliance on the forward-looking statements, timelines
and information contained in this news release. Readers are cautioned that the
foregoing list of factors is not exhaustive.
The forward-looking statements and information contained in this news release are
made as of the date of this news release and no undertaking is given to update publicly
or revise any forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable securities laws
or the TSXV. The forward-looking statements or information contained in this news
release are expressly qualified by this cautionary statement. Neither the TSXV nor its
Regulation Services Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this release. No stock exchange,
securities commission or other regulatory authority has approved or disapproved the
information contained herein.
Golden Goliath Announces Partnership to Explore and
Develop Egyptian Mining Concession
VANCOUVER, CANADA – February 4, 2026: Golden Goliath Resources Ltd.
(“Golden Goliath” or the “Company”) (TSXV: GNG). The Company is pleased to
announce that it has entered into a Partnership Agreement with Nexgold International
Mining Company (“Nexgold”) to explore and develop the West Gabal El Dehies
Concession in Wadi Al-Alaqi in the Eastern Desert, in the Republic of Egypt. Golden
Goliath has been granted the right to participate in this Partnership pursuant to the
Services Agreement entered into with Petko Resources Pty Ltd. (see news release
dated September 12, 2025). Golden Goliath will hold a 29.5% interest and Nexgold will
hold a 10% interest. The remaining 60.5% is held by a local company and government
controlled company. Golden Goliath and Nexgold will be responsible pro rata for all
operating and capital costs. Capital assets purchased pro rata will be owned by the
Partnership. Nexgold will be the operator as they are registered in Egypt and will be
entitled to management fees as is typical for a transaction of this type.
The West Gabal El Dehies Concession is 15.45 square kilometres located 190
kilometres by road from Aswan. There has been a long history of artisanal mining in
this area dating back to the times of the Pharaohs. Geological mapping has been
completed over the West Gabal El Dehies Concession using remote sensed data plus
extensive ground truthing and surface mapping. The gold in the Concession is primarily
orogenic gold hosted in quartz veins and associated alteration zones. During 2025
there was artisanal mining being conducted on the Concession, the Partnership intends
to review the artisanal mining operation to determine how best to expand operations
and conduct further exploration within the Concession.
The Agreement is considered a related-party transaction pursuant to Multilateral
Instrument 61-101, as the Company’s CEO, Maki Petkovski, is a director and officer of
Nexgold. The Agreement is exempt from the need to obtain minority shareholder
approval and a formal valuation as required by and under applicable provisions of MI
61-101 as each party will share pro rata in the Partnership.
“This agreement represents a turning point in the history of Golden Goliath as it will
bring forward gold production for the first time in the history of the Company,” said Mr.
Sorbara, the Chairman of the Board at Golden Goliath. “It is the culmination of our new
strategy introduced to Golden Goliath by our CEO Mr. Petkovski last year, which aims to
expand our interests into a highly prospective gold producing province within a
competitive production cost environment.”
The scientific and technical content of this news release has been reviewed and
approved by Maki Petkovski, and a Qualified Person (QP) as defined by National
Instrument 43-101.
About Golden Goliath
Golden Goliath Resources Ltd. is a junior exploration company based in Vancouver,
B.C., focused on the exploration and development of precious metal properties in
mining-friendly jurisdictions. The Company has its projects in Ontario's Red Lake District
and other high-potential areas in Canada.
To find out more about Golden Goliath visit our website at www.goldengoliath.com.
FOR MORE INFORMATION CONTACT:
Golden Goliath Resources Ltd.
Maki Petkovski, CEO
Email: [email protected]
Cautionary and Forward-Looking Statements
This news release contains forward-looking statements and forward-looking information
within the meaning of applicable securities laws. These statements relate to future
events or future performance. All statements other than statements of historical fact may
be forward-looking statements or information. Forward-looking statements and
information are often, but not always, identified by the use of words such as “appear”,
“seek”, “anticipate”, “plan”, “continue”, “estimate”, “approximate”, “expect”, “may”, “will”,
“project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”,
“would” and similar expressions.
Forward-looking statements and information are provided for the purpose of providing
information about the current expectations and plans of management of the Company
relating to the future. Readers are cautioned that reliance on such statements and
information may not be appropriate for other purposes, such as making investment
decisions. Since forward-looking statements and information address future events and
conditions, by their very nature they involve inherent risks and uncertainties. Actual
results could differ materially from those currently anticipated due to a number of factors
and risks. These include, but are not limited to, the expected timing and terms of the
private placement, use of proceeds, anticipated work program, required approvals in
connection with the work program and the ability to obtain such approvals. Accordingly,
readers should not place undue reliance on the forward-looking statements, timelines
and information contained in this news release. Readers are cautioned that the
foregoing list of factors is not exhaustive.
The forward-looking statements and information contained in this news release are
made as of the date of this news release and no undertaking is given to update publicly
or revise any forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable securities laws
or the TSXV. The forward-looking statements or information contained in this news
release are expressly qualified by this cautionary statement. Neither the TSXV nor its
Regulation Services Provider (as that term is defined in the policies of the TSXV)
accepts responsibility for the adequacy or accuracy of this release. No stock exchange,
securities commission or other regulatory authority has approved or disapproved the
information contained herein.