Drilling Started at Golden Goliath's Las Bolas-Los Hilos Project

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

Golden Goliath Resources Ltd. is pleased to announce that the diamond drill
program on its Las Bolas - Los Hilos project has started. The drill started
turning on July 13th and the second drill hole is currently underway. Assays
will be released in a timely manner once they are received. The Company has
signed a minimum 4,000 m drill contract with all 4,000m allocated for surface
drill targets, including, Filo de Oro, Los Hilos, Las Bolas-Gambusino, Frijolar,
Corazon and Providencia. Underground diamond drilling is currently planned to
follow the surface drilling with a separate contract. The drilling program has
been designed to accomplish several objectives; to significantly increase the
existing inferred resource, to substantiate the previously estimated potential
target of the 12 known vein systems in the western portion of the property, to
start to define a resource in and around the high grade Los Hilos workings and
evaluate at depth the rapidly developing open pit potential of the Filo de Oro
trend.


Based on the Company's work, Filo de Oro has two components. A large surface
zone from 200 to 440 metres in width and approximately 230 metres thick,
overlies near-vertical high-grade-vein feeder zones that are beneath and cut
through the surface zone. The roughly north-south Filo de Oro trend is a
topographic high located at the east end of the east-west Las Bolas, Frijolar
and Corazon trends. These three east west trends host the other 12 known vein
systems on the Las Bolas property and the main Las Bolas Mine workings which
were the focus of the NI 43-101 report completed last fall.


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 and
approved 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.