Golddigger Property Exploration Program For 2020 Planned

TORONTO - Goliath Resources Limited has closed a non-brokered private placement of units for gross proceeds of $480,950 and its 2020 exploration program planned at its 100% controlled Golddigger Property is fully funded. A portion of these proceeds have been earmarked for delineating drill targets on its newly discovered high-grade polymetallic gold zone at its 100% controlled Golddigger property located Southeast of Stewart, British Columbia within the prolific Golden Triangle. An exploration program for extensive bedrock channel cutting is planned at the Sure Bet Zone to test the extent of multiple polymetallic gold mineralized structures and their surrounding halos of disseminated gold mineralization that will assist in delineating drill targets. The Sure Bet Zone was discovered in 2019 and measures ~1550m by 1130m containing multiple gold mineralized Northwest trending structures; the zone remains open in all directions.

A 2019 inaugural test channel cut on the discovery outcrop assayed 7.37 g/t AuEq over 8.4m including 3.4m of 17.68 g/t AuEq and 0.4m of 102.16 g/t AuEq true width. The channel started and ended in gold mineralization, 2.15 g/t Au and 1.44 g/t Au respectively, confirming the surrounding wall rock of flooded silica Hazelton group sediments are mineralized as well.