Goliath Commences Trading

GOLIATH RESOURCES LIMITED

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN

THE UNITED STATES

GOLIATH COMMENCES TRADING

TORONTO, ONTARIO – October 18, 2017 – Goliath Resources Limited (TSXV:GOT)

(the " Company" or " Goliath"), is pleased to announce that it has completed all conditions to

listing and it has commenced trading on the TSX Venture Exchange (the " Exchange") under the

ticker symbol "GOT".

On October 11, 2017, the Company completed the previously announced acquisition (the

"Transaction") of all of the issued a nd outstanding securities in the capital of Goliath Resources

Limited (predecessor of Amalco) by way of a th ree-cornered amalgamation, pursuant to which a

wholly-owned subsidiary of the Company am algamated with Goliath Resources Limited

(predecessor of Amalco) to form Goliath Resources Inc. ("Amalco").

Further details regarding the Transaction are c ontained in the press releases of the Company

dated April 28, 2017, August 1, 2017, Septembe r 22, 2017, September 28, 2017, October 12,

2017 as well as the Filing Statement dated September 28, 2017, which are accessible on SEDAR.

About Goliath Resources Limited

Goliath is a mineral exploration company in British Columbia, Canada. Goliath owns the option

to acquire 100% of the Lucky Strike Property, the Golddigger Property, the Copperhead Property

and the Bingo Property (the " Optioned Properties") from the J2 Syndicate (" J2S"). All of the

Optioned Properties are located in the Golden Tr iangle mining district a nd surrounding area in

British Columbia, Canada. The J2S is providing their technical experience and field team to

Goliath’s exploration activities. The J2S' Managi ng Director forms part of Goliath's technical

advisors and is its ex ploration programme manager. The J2S team includes members of the

original team which generated, prospected an d staked the Coffee Creek claims in 1998. This

exploration team was responsible for discoveri ng the gold in soil anomaly in 1999 and 2000 that

now forms the nucleus of the Supremo zone. This discovery evolved into a 5 million ounce gold

resource that was recently bought by GoldCorp In c. for $520 million. This team also includes

some of the original members that staked a nd generated the Plateau Project in the Yukon for

Goldstrike Resources Ltd. which has recently completed a $53M joint venture with Newmont

Mining Corporation.

Neither Exchange nor its Regulation Services Prov ider (as that term is defined in the policies

of the Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

For further information, please contact:

Roger Rosmus

Chief Executive Officer

Goliath Resources Limited

+1.416.488.2887 x222

www.goliathresourcesltd.com