TORONTO, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IF) (the 'Company” or 'Goliath”) is pleased to announce it has closed the final tranche of its previously announced non-brokered flow through financing for an aggregate $16,120,500 raised from the first and final tranches. Of note, several strategic cornerstone shareholders either initiated a new position or increased their holdings in Goliath (see About Goliath Resources below).

Roger Rosmus, Founder and CEO of Goliath Resources, states: 'We are delighted to have received significant ongoing financial support from institutional investors Crescat Capital, and a Singapore based Global Commodity Group. In addition, we are very pleased that mining legend Rob McEwen has participated for his third investment into Goliath. We would also like to welcome Larry Childress as a new shareholder with his sizable initial investment into Goliath. We are proud that these strategic cornerstone investors have recognized the high-quality of our gold discovery at Surebet in the Golden Triangle of British Columbia, a prolific mining camp located in a geo-political safe and mining friendly jurisdiction. The investments from these strategic cornerstone investors have enabled us to increase our drilling from a planned 15,000 meters program up to 36,000 meters. With all the visible gold we are seeing in drill core and initial assay results reported, our 2024 drilling campaign has been our most successful to date. We look forward to reporting assays once received, compiled and interpreted.”