Toronto, Ontario – September 13, 2024 – Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the “Company” or “Goliath”) is pleased to announce it has increased the previously announced non-brokered flow through financing from $12,750,000 to $14,725,000 with strategic investor Mr. Larry Childress buying 1,000,000 common shares through Childress Family LP.
In addition, Goliath has closed $9,562,308 in the first tranche of the flow through financing and a strategic Global Commodity Group based in Singapore has completed their purchase of 1,600,000 common shares increasing its stake in Goliath to 3.5%. The final tranche is expected to close in September 2024.
About Mr. Larry Childress
Mr. Childress has an MS Degree in Mining Engineering. He started an oil exploration company in 1980 discovering several major oilfields in western Kansas. Mr. Childress has been investing in mineral projects at various stages for over 40 years and is currently the second largest shareholder in Fireweed Metals, after the Lundin Family, holding ~22 million shares. Other major holdings include: Filo, WA1 Resources and Hercules Metals. He was the second largest shareholder in Noront Resources when they were taken out by Wyloo at a significant premium to market.
Offering Details
The non-brokered private placement is a combination of: (i) Charity Flow-Through shares (CFT) to be sold at a price of $1.975 each with no warrant and the Flow-Through shares (FT) to be sold at a price of $1.44 each with no warrant. These shares will qualify as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act (Canada). The first tranche consisted of 3,018,000 CFT shares for gross proceeds of $5,960,550 and 2,501,221 FT shares for proceeds of $3,601,758 for aggregate proceeds of $9,562,308.
The Company intends to use the proceeds for general operating expenses and exploration related programs on its properties located in and around the Golden Triangle of northwestern British Columbia.
The proceeds from the FT offering will be used for Canadian exploration expenses as such term is defined in paragraph (f) of the definition of Canadian exploration expense in Subsection 66.1(6) of the tax act, flow-through mining expenditures as defined in Subsection 127(9) of the tax act that will qualify as flow-through mining expenditures, and B.C. flow-through mining expenditures as defined in Subsection 4.721(1) of the Income Tax Act (British Columbia), which will be incurred on or before Dec. 31, 2025, and renounced with an effective date no later than Dec. 31, 2024. British Columbia Super Flow – the B.C. mining flow-through share (B.C. MFTS) tax credit allows BC Residents who invest in flow-through shares to claim a provincial non-refundable tax credit of 20% of their B.C. flow-through mining expenditures. B.C. flow-through mining

expenditures are specific exploration expenses incurred by a PBC and renounced by a corporation issuing the flow-through shares.
Goliath paid finders’ fees on certain orders in connection with this first tranche composed of 6% cash totaling $184,663.09 and 6% finder warrants for a 12 month period totaling 103,093 (67,680 finder warrants priced at $1.26 and 35,413 finder warrants priced at $1.44), subject to compliance with the policies of the TSX Venture Exchange. All securities issued and sold under the offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the offering and the payment of any finders’ fees remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange.
About Goliath Resources Limited
Goliath Resources Limited is an explorer of precious metals projects in the prolific Golden Triangle of northwestern British Columbia. All of its projects are in world class geological settings and geopolitical safe jurisdictions amenable to mining in Canada. Goliath is a member and active supporter of CASERM which is an organization represents a collaborative venture between Colorado School of Mines and Virginia Tech. Goliath’s key strategic cornerstone shareholders include Crescat Capital, Mr. Rob McEwen, Mr. Eric Sprott and a Global Commodity Group based in Singapore.
For more information please contact:
Goliath Resources Limited
Mr. Roger Rosmus
Founder and CEO
Tel: +1.416.488.2887
roger@goliathresources.com
www.goliathresourcesltd.com