GOLIATH RESOURCES LTD - GOTRF STOCK NEWS

Goliath Resources (TSX-V: GOT) (OTCQB: GOTRF) has closed the final tranche of its non-brokered flow-through financing, raising an aggregate of $16,120,500. The offering included participation from strategic cornerstone investors, including Crescat Capital, a Singapore-based Global Commodity Group, and mining legend Rob McEwen. New shareholder Larry Childress also made a sizable initial investment.

The financing consisted of Charity Flow-Through shares at $1.975 each and Flow-Through shares at $1.44 each, both without warrants. The proceeds will be used for exploration programs in the Golden Triangle of northwestern British Columbia, with a focus on the company's Surebet gold discovery. The increased funding has allowed Goliath to expand its drilling program from 15,000 meters to 36,000 meters.

Finders' fees of 6% cash and 6% finder warrants were paid on certain orders. All securities issued are subject to a four-month and one-day hold period.

Goliath Resources (TSX-V: GOT) (OTCQB: GOTRF) has increased its non-brokered flow-through financing from $15,725,500 to $16,120,500. The offering includes Charity Flow-Through shares at $1.975 and Flow-Through shares at $1.44, both without warrants. The first tranche closed on September 13, 2024, raising $9,562,308. The final tranche is set to close on October 2, 2024.

Proceeds will fund exploration programs in the Golden Triangle of northwestern British Columbia. The company may pay finders' fees of 6% cash and 6% finder warrants. For the first tranche, $184,663.09 in cash and 103,093 finder warrants were issued. All securities have a four-month and one-day hold period. The offering's completion is subject to regulatory approvals, including TSX Venture Exchange approval.

Goliath Resources (TSX-V: GOT) (OTCQB: GOTRF) has announced that its Founder & CEO, Roger Rosmus, will be presenting at Noble Capital Markets' Basic Industries Emerging Growth Virtual Equity Conference on Wednesday, September 25th, 2024, at 11:00 am EST. The presentation will be in a fireside Q&A format, allowing questions from the virtual audience.

Registered, qualified investors can schedule one-on-one meetings with Mr. Rosmus. The event is free to attend, and interested parties can register through the provided link. A video webcast of the presentation will be available on Goliath's website and Channelchek.com for 90 days following the event.

Goliath Resources (TSX-V: GOT) (OTCQB: GOTRF) has increased its non-brokered flow-through financing from $14,725,000 to $15,725,500. This $1,000,500 increase is due to strategic investor Mr. Larry Childress agreeing to purchase an additional 400,000 Goliath common shares through Childress Family LP, bringing his total purchase to 1,400,000 shares. This upsizing demonstrates strong investor confidence in Goliath's potential and provides the company with additional capital for its operations and exploration activities.

Goliath Resources (TSX-V: GOT) (OTCQB: GOTRF) has increased its non-brokered flow through financing from $12,750,000 to $14,725,000. Key highlights include:

1. Strategic investor Mr. Larry Childress, through Childress Family LP, is purchasing 1,000,000 common shares.
2. The company has closed $9,562,308 in the first tranche of the financing.
3. A strategic Global Commodity Group based in Singapore has completed the purchase of 1,600,000 common shares, increasing its stake in Goliath to 3.5%.
4. The final tranche is expected to close in September 2024.

This upsized financing and strategic investments demonstrate strong investor confidence in Goliath Resources and its projects.

Goliath Resources (TSX-V: GOT) (OTCQB: GOTRF) has upsized its non-brokered private placement to $12,750,000, comprised of charity flow-through shares at $1.975 and flow-through shares at $1.44. Notably, Mr. Rob McEwen has agreed to purchase 800,000 shares, increasing his ownership in Goliath to 3.8% on a partially diluted basis post-financing. The proceeds will be used for Canadian exploration expenses, to be incurred by Dec. 31, 2025, and renounced by Dec. 31, 2024. The offering includes potential finders' fees and is subject to regulatory approvals, including TSX Venture Exchange approval.

Goliath Resources (TSX-V: GOT) (OTCQB: GOTRF) has closed a $1,000,000 order from strategic shareholder Crescat Capital, plus an additional $1,093,524 in the final tranche of a previously announced non-brokered financing up to $6,500,000. The total raised across all tranches was $6,499,604, comprising Non-Flow-Through (NFT) shares at $1.11 each and Flow-Through (FT) shares at $1.28. Proceeds will fund exploration programs in British Columbia's Golden Triangle and general operating expenses. The FT offering proceeds will be used for Canadian exploration expenses, qualifying as flow-through mining expenditures. Goliath paid finders' fees of 6% cash ($67,342.26) and 6% finder warrants (59,382 warrants) on certain orders.

Goliath Resources has reported significant new findings from its Surebet discovery at the Golddigger Property in British Columbia. Drill hole GD-24-260 intercepted the highest concentration of visible gold to date, uncovering a bonanza zone between 533.90 and 547.00 meters. Additionally, a new deep mineralized zone was discovered 1.2 km below the surface, demonstrating untapped potential.

The 2024 drilling program has been expanded to 36,000 meters using 8 rigs, driven by a 100% hit rate in visible gold occurrences in 66% of the holes. Notably, high-grade gold results came from GD-24-197 and GD-24-235, returning 34.03 g/t and 35.04 g/t AuEq respectively. The new Blue Origin discovery, located 4 km south of Surebet, revealed veins rich in bismuth minerals, molybdenite, and chalcopyrite.

The company has increased its land package by 28% to 91,518 ha to explore further mineralization opportunities. The Golddigger property also encompasses 56 km of the Red Line, a geological marker for gold-copper-silver mineralization. Further, significant mineralization was found at Treasure Island.

Goliath Resources (GOTRF) has closed the first tranche of its non-brokered private placement, raising $5,406,080 out of a planned $6,500,000. This includes a $2,000,000 order from a strategic Singapore-based global commodity group. The offering consists of Non-Flow-Through (NFT) shares at $1.11 each and Flow-Through (FT) shares at $1.28. The first tranche comprised 2,782,410 NFT shares ($3,088,475) and 1,810,629 FT shares ($2,317,605).

Proceeds will fund general operations and exploration programs in British Columbia's Golden Triangle. FT proceeds will be used for Canadian exploration expenses, qualifying as flow-through mining expenditures. The company paid 6% cash ($67,342.26) and 6% finder warrants (59,382) as fees on certain orders. All securities have a four-month hold period. The second tranche is expected to close in early September 2024.