Golden Goliath Resources Ltd.: Underground Sampling Returns 10 Metres Grading 6.7 gm Gold/Tonne and 131.6 gm Silver/Tonne at San

Golden Goliath Resources Ltd. (TSX VENTURE:GNG)(PINK SHEETS:GGTHF) is pleased to
provide an update of its 2008 exploration projects in the Uruachic mining
district, Chihuahua, Mexico, where three projects, San Timoteo, La Reforma and
Las Bolas are currently active. These projects include diamond drilling on all
three areas, underground rehabilitation and sampling on the San Timoteo and Las
Bolas areas and geological mapping, Induced Polarization and Magnetic
geophysical surveys in preparation for drilling on the San Timoteo II claim. The
Company is well financed, with over $4.3 million currently in the treasury, and
expects to be active on these projects throughout the year.


San Timoteo Property

Underground chip sampling in the San Martin tunnel on the San Timoteo property
has returned a 40 metre section grading 1.95 gm gold/tonne and 56.8 gm
silver/tonne, including a 10 metre section grading 6.7 gm gold/tonne and 131.6
gm silver/tonne. This section is located approximately 250 metres from the
entrance to the tunnel in an area that contains old cross cuts, raises and an
internal shaft. The high grade area, which is now undergoing more detailed
mapping and sampling, is an irregular quartz rich, brecciated zone, with locally
intense oxidation.




San Martin Tunnel Chip sample Assays
----------------------------------------------------------------------
                               Gold       Silver  
Sample #         Width    (gm/tonne)   (gm/tonne)    Pb in%     Zn in%
----------------------------------------------------------------------
726178       10 metres         6.72        131.6      0.452      0.786
----------------------------------------------------------------------
726179       10 metres         0.57         32.3      0.053      0.230
----------------------------------------------------------------------
726180       10 metres        0.214         11.3      0.067      0.186
----------------------------------------------------------------------
726181       10 metres        0.304         52.3      0.262       1.00
----------------------------------------------------------------------



The newly discovered underground zone is approximately 90 metres northeast and
200 vertical metres below the collar of a drill hole ST-DD-07-8, which was
reported in the Company's January 18, 2008 press release. That hole contained a
21 metre section grading 89.5 gm silver/tonne, 0.31 gm gold/tonne, 2.5% zinc and
1.6% lead (including a 16.5 metre section containing 105 gm silver/tonne, 0.35
gm gold/tonne, 6.1% Zn and 3.2% Pb). Several of the drill holes referred to in
the Company's March 26 press release, which are designed to further test and
extend this near surface mineralized corridor have been completed, but no assays
are yet available. The spatial relationship to the near surface mineralized
corridor and the high grade tunnel zone is very encouraging.


Shallow drilling of three holes in this area in 2006 also returned excellent
values. Drill hole ST-D-06-8 returned an intersection of 1.47 gm gold/tonne with
103.66 gm silver/tonne over 5.3 metres as well as 18.4 metres grading 0.27 gm
gold/tonne with 63.18 gm silver/tonne. Drill hole ST-D-06-9 returned 12 metres
grading 0.26 gm gold/tonne with 57.89 gm silver/tonne. The third 2006 shallow
drill hole in this area, ST-D-06-10, returned 30 metres grading 0.51 gm
gold/tonne with 51.20 gm silver/tonne (including 4.5 metres grading 1.08 gm
gold/tonne with 79.33 gm silver/tonne).


A new exploratory drill hole, ST-DD-08-11, collared approximately 90 metres from
the entrance to the San Martin mine was started several days before the tunnel
assays were received, is trending toward the gold zone. This hole will undercut
the gold zone at considerable depth. A new drill hole, to be collared about 135
metres above and 35 metres horizontally from the tunnel, is planned to undercut
the tunnel about 50 metres below the high grade zone. Additional holes from this
drill pad will also look for continuity between the high grade tunnel zone and
the near surface mineralized corridor.


In other areas of the San Timoteo property, nine diamond drill holes have been
completed in 2008 and two more are in progress. Of the nine finished holes, only
three have complete assays. Several of the incomplete assay holes were drilled
while the surface detailed geological mapping, the underground mapping of the
San Martin tunnel and other data compilation regarding the intersections
announced in the Company's January press release was being completed. The
compilation of this data has now been completed and the follow up drilling of
the January zone is currently underway. One deep hole under the front section of
the San Martin Tunnel has been completed and a second one trending towards the
back of the tunnel is in progress.


Following are the detail descriptions of the holes drilled and completely
assayed to date:


ST-08-01 was drilled under a vegetation kill zone, with a coincident
chargeability high at 150m depth and historic workings; there are no mineable
widths to be reported.


ST-08-02 was drilled under a chargeability high at 150m depth and to test along
strike for a southwestern extension of a substantially wide weakly mineralized
gold-silver zone. Preliminary exploration drilling in the area of this zone
returned 4.55 metres of 1.09 gm gold/tonne and 132.37 gm silver/tonne in hole
ST-DD-01-2; plus 11.7 metres of 0.39 gm gold/tonne and 16.8 gm silver/tonne and
8.6 metres of 0.37 gm gold/tonne and 23.75 gm silver/tonne in hole ST-DD-01-8
and 56.2 metres of 0.14 gm gold/tonne gold and 1.75 gm silver/tonne in hole
ST-DD-01-7.


ST-08-3 was drilled to test under ST-07-10a, at lower elevation level, which
stopped in silver-zinc rich zone, but due to the drill rig sliding as a result
of slope instability, this hole had to be abandoned and was recollared as
ST-08-4.


The geophysics crew has also arrived and is currently conducting the Induced
Polarization survey of the San Timoteo II claim. This 2.25 by 1.75 kilometre
claim lies adjacent to the north of San Timoteo, with Reforma on its western
edge and Nueva Union on the eastern side. The claim is intensely altered and is
one of the few areas of the Uruachic camp that has not been previously covered
by geophysics. At least three important structures with associated old mine
workings cross San Timoteo II, which has never been drilled before. Geologic
mapping has already been done and the IP data will be used in conjunction with
it to select and confirm drill targets.


La Reforma Property

Four diamond drill holes totalling 1484.4 metres have been completed to date
during 2008. Two of these holes still do not have complete assays. One hole,
RF-DD-07-23, which was started in late December and finished in January, was
drilled to test under a chargeability high at 150m depth on the east side of the
property. The other three holes were drilled under a brecciated-siliceous
structure with highly anomalous gold grades at surface in the southwestern part
of the property, referred to as the Red Ridge. Please refer to the table for the
details of each drill hole.




Significant Reforma Assays
-------------------------------------------------------------
Drill hole                                    Au           Ag
Number          From_m   Interval_m   gram/tonne   gram/tonne
-------------------------------------------------------------
RF-DD-07-23      442.2          1.9           --         31.6
-------------------------------------------------------------
RF-DD-08-01       47.4          1.2        0.146           --
-------------------------------------------------------------
RF-DD-08-01      136.2            2         0.12           --
-------------------------------------------------------------
RF-DD-08-01     185.54         1.96        2.754           --
-------------------------------------------------------------



Las Bolas Property

Two preliminary diamond drill holes totaling 197.5m were drilled as of March18,
2008. Both of the drill holes have been logged and sent for assays, but no
results have been received to date.


Assays are now done Inspectorate Labs using fire assay preparation and AA finish
and ICP methods. The QP for the Uruachic project is J. Paul Sorbara M.Sc.,
P.Geo.


About Golden Goliath

Golden Goliath Resources Ltd. is a junior exploration company listed on the TSX
Venture Exchange (symbol GNG). 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. To find out more about Golden Goliath visit
www.goldengoliath.com.


ON BEHALF OF GOLDEN GOLIATH RESOURCES LTD.

J. Paul Sorbara, M.Sc., P.Geo., President