Golden Goliath Resources Ltd.: More Encouraging Gold and Silver Results from Las Bolas and Possible Las Bolas Extension

Golden Goliath Resources Ltd. (TSX VENTURE:GNG)(PINK SHEETS:GGTH-F) is pleased
to announce the receipt of further encouraging assays from the Las Bolas tunnel.
Recent sampling from the furthest rehabilitated parts of the tunnel have
returned more significant precious metal mineralization some 140 metres beyond
the recently released data from Station 37, which included a 30.6 metre section
with a weighted average of 4.70 gm/tonne gold and 485 gm/tonne silver. A section
of the Las Bolas tunnel that is approximately 10 metres long, containing what is
referred to as the Camino Vein, returned the following values.




-----------------------------------------------------------
                    Gold          Silver
Sample          gm/tonne        gm/tonne              Width
-----------------------------------------------------------
760428              0.15              87        0.90 metres
-----------------------------------------------------------
760429              0.05             173        0.70 metres
-----------------------------------------------------------
760430              0.05             107        0.80 metres
-----------------------------------------------------------
760431              0.63             820        0.60 metres
-----------------------------------------------------------
760432              0.43             738        0.55 metres
-----------------------------------------------------------
760433              0.31             485        0.70 metres
-----------------------------------------------------------
760434              0.20             469        0.50 metres
-----------------------------------------------------------
760443              0.24             122        0.60 metres
-----------------------------------------------------------
760446              0.10              77        0.65 metres
-----------------------------------------------------------
760456              0.08              83        0.65 metres
-----------------------------------------------------------
760458              0.06              88        0.50 metres
-----------------------------------------------------------
760461              0.08             234        0.50 metres
-----------------------------------------------------------



In addition to the above underground sampling, encouraging preliminary surface
assays have also been received from what may be a significant extension of the
Las Bolas trend. The Company's press release of April 2nd reported the
identification of four old workings located about 1,350 metres northeast of the
entrance to the old Las Bolas mine tunnel. These workings have an east-west
structural orientation on strike with the dominant mineralization associated in
the high grade areas of the Las Bolas workings. The alteration zone in this new
area is at least 12 meters wide exhibiting structures up to 2 meters in width in
places, with rhyolites coming in contact with conglomerates. These structures
may be part of the Las Bolas-Gambusino mineralized system, which if confirmed,
would significantly expand the strike length of this mineralized system. These
new discoveries add significantly to the exploration potential and size of the
Las Bolas-Gambusino Gold Silver project, which has already been shown to host
high grade precious metal discoveries. Follow up field work around this new
discovery including mapping and sampling is ongoing with preliminary assays
across the structure returning the following values:




-----------------------------------------------------------
                    Gold          Silver
Sample          gm/tonne        gm/tonne              Width
-----------------------------------------------------------
100122              3.32            16.9         2.0 metres
-----------------------------------------------------------
100123              8.55             292         1.0 metres
-----------------------------------------------------------



The mineralized structure is hosted in a polymictic conglomerate. The occurrence
of this structure in the polymictic conglomerate will expand the exploration
potential, as it was previously believed that the mineralization was hosted in
andesite and dacite only. The Company has collected and shipped an additional 65
rock chip samples for analysis from this area.


Please refer to the company's website
http://goldengoliath.com/propertiesLasBolas.html for a detailed map of the area.


The Company's exploration team is currently focused on detailed 1:50 scale
geological mapping and underground sampling at Las Bolas. Approximately 1,844
metres of underground workings have been mapped and sampled including the main
Las Bolas tunnel, Gambusino mine, Frijolar mine and others.


About Golden Goliath

Golden Goliath Resources Ltd. is a junior exploration company listed on the TSX
Venture Exchange (symbol GNG). Assays are done using traditional methods at
Inspectorate Labs and Chemex Labs. The Qualified Person for the Uruachic project
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.
Unlike most juniors, which have an option to earn an interest in a single
property or a few scattered properties in various areas or countries, Golden
Goliath controls an entire old mining camp, or district, that covers an area of
15 by 25 kilometres, with numerous past producing gold and silver mines dating
back to the time of the Spaniards. 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.


Forward Looking Statements

The statements made in this news release may contain forward-looking statements
that may involve a number of risks and uncertainties. Actual events or results
could differ materially from the Company's expectations and projections.