Goliath Closes $50,000 Non-Brokered Private Placement of Flow-Through Funding

Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF)

(FSE: B4IE)

(the “Company or “Goliath”)

 announces an additional non-brokered private placement of $50,000 has closed in flow-through financing for a total of $550,000 in flow-through funding raised since November 1, 2019 (see news release).

This offering consisted of One Million (1,000,000) flow-through shares priced at $0.05 each and no finders’ fees were paid. It is subject to the final approval of the TSX Venture Exchange, and all shares issued pursuant to the offering will be subject to a statutory hold period of four-months plus one day from the date of closing.

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

Contact Information: Roger RosmusChief Executive [e-mail][phone] x222

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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.

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