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GOT.V ·

"Company" or "Goliath") wishes to announce that it will hold its annual general and special meeting (the

Shareholder Meetings

Goliath Resources Limited

Annual General and Special Meeting - February 13, 2020

NOT FOR DISSEMINATION IN THE UNITED STATES

TORONTO, January 7, 2020 (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IE) – Goliath Resources Limited (the

"Company" or "Goliath") wishes to announce that it will hold its annual general and special meeting (the

"Meeting") of shareholders on February 13, 2020.

At the Meeting, Goliath will seek shareholder approval to re-price certain stock options granted to insiders

subject to the completion of the consolidation and at prices approved by the TSX Venture Exchange.

The Company will also seek shareholder approval to consolidate its issued and outstanding common

shares on the basis of one (1) new common share for every up to twenty (20) old common shares (the

"Consolidation Ratio"). The actual Consolidation Ratio will be determined by the board of directors

following the Meeting.

Other matters that Goliath shareholders will be asked to approve at the Meeting will include: appointing

the Company's auditor, setting the number of directors to be elected at the Meeting at five, electing its

board of directors and approving the Company's 10% rolling stock option plan.

The foregoing resolutions must be approved by a majority of the votes cast at the Meeting, and in the

case of the repricing of stock options, disinterested shareholder approval will be required. The resolutions

respecting the consolidation and repricing of stock options also remain subject to regulatory approval.

The form of proxy and management information circular in respect of the Meeting will be available to

shareholders by notice-and-access on or about January 10, 2020. The Company's financial statements for

the year ended June 30, 2019 and accompanying management's discussion and analysis will also be

available on https://goliathresourcesltd.com/notice-access/ and on the Company's SEDAR profile at

www.sedar.com.

About Goliath

Goliath Resources Limited is a project generator of precious metals projects focused in the prolific

Golden Triangle and surrounding area of northwestern British Columbia.

Further information regarding Goliath Resources Limited can be found at:

www.goliathresourcesltd.com

2

Contact Information:

Roger Rosmus

Chief Executive Officer

[email protected]

+1-416-488-2887 x222

General Disclaimer

Goliath Resources Limited "Goliath" has taken all reasonable care in producing and publishing

information contained in this news release and will endeavor to do so on a periodic basis. Material in this

news release may still contain technical or other inaccuracies, omissions, or typographical errors, for

which Goliath assumes no responsibility. Goliath does not warrant or make any representations

regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information

on this site. Under no circumstances, including, but not limited to, negligence, shall Goliath be liable for

any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss

of programs, loss of data, loss of use of computer of other systems, or loss of profits, whether or not

advised of the possibility of damage, arising from your use, or inability to use, the material from this

news release. The information is not a substitute for independent professional advice before making any

investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or

otherwise, any information on this site, except for personal use unless you have obtained our express

written permission.

Forward-Looking Statements

This news release contains forward-looking statements, including but not limited to comments regarding

predictions and projections. Forward-looking statements address future events and conditions and

therefore involve inherent risks and uncertainties. Actual results may differ materially from those

currently anticipated in such statements. The Company does not intend, and does not assume any

obligation, to update these forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange), nor the OTCQB Venture Market accepts responsibility for the

adequacy or accuracy of this release.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE

SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.