Goliath Resources Provides Update on Upcoming Private Placements

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

TORONTO, June 09, 2025 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (Frankfurt: B4IF) (the "Company" or "Goliath") announces that it has amended the exercise price of the common share purchase warrants to be issued to: (i) Stifel Nicolaus Canada Inc. and a syndicate of underwriters (collectively, the "Underwriters") in connection with the Company's "bought deal" private placement of 6,310,000 common shares in the capital of the Company (the "Charity Flow-Through Shares") that will qualify as "flow-through shares" as defined in subsection 66(15) of the Income Tax Act (Canada) at a price of C$3.17 per Charity Flow-Through Share for gross proceeds of C$20,002,700 (the "Bought Deal Offering"); and (ii) certain finders in connection with the Company's non-brokered private placement of up to 1,281,545 Charity Flow-Through Shares at a price of C$3.17 per Charity Flow-Through Share for gross proceeds of up to C$4,062,500 (the "Concurrent Offering"), as announced in the Company's news releases dated May 29, 2025 and June 2, 2025.

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