VANCOUVER, CANADA – June 29, 2020: Golden Goliath Resources Ltd. (“Golden
Goliath” or the “Company”) (TSXV: GNG) (US: GGTH-F) (Frankfurt: GGZ). The Company wishes to announce a private placement of up to $2.5M. The financing will consist of a combination of flow-through units priced at $0.20 with a half warrant priced at $0.30 and non flow-through units priced at $0.15 with a full warrant priced at $0.30. Each full warrant will entitle the holder to purchase an additional common share at a price of $0.30 for a period of 24 months from the date of closing of the private placement. Once resale restrictions on the Shares having expired and upon Company’s shares trading at or above a weighted average trading price of $0.45 for 20 consecutive trading days, the Company may give notice that the Warrants will expire 30 days from the date of providing such notice (in writing to Warrant holders and via a news release).