Golden Goliath retains cQuest as global capital markets advisor

    TSX.V: GNG

    VANCOUVER, Aug. 2 /CNW/ - Golden Goliath, a junior exploration company,
has appointed cQuest, a capital markets advisory affiliate of Christensen to
provide investor and media relations services. cQuest assists companies with
market capitalizations of less than $200 million achieve fair market valuation
and strengthened brand recognition in the global financial markets and
business media. The appointment of cQuest reinforces the Company's commitment
to improve its external communications and increase its visibility within the
financial community.
    "It is vital that we increase public awareness of the resource potential
at Golden Goliath's 100% owned Uruachic Camp situated in the prolific Sierra
Madre Occidental Mountains of Mexico," said Paul Sorbara, president, Golden
Goliath Resources Ltd. "An enhanced and focused investor and media relations
program is particularly important at this time, now that we have adequate
financing in place well into the future and as we start to focus drilling
efforts on our top targets within the camp. In addition, our key strategic
shareholders have demonstrated their long-term commitment, having recently
increased their shareholdings in the company," he added.
    The services agreement with cQuest is for 12 months effective from
June 1st, 2007 until June 30th, 2008 at a monthly fee of CAN$6,000 payable in
quarterly installments. The agreement is subject to TSX Venture Exchange
approval and its rules and policies.

    About Golden Goliath

    Golden Goliath Resources Ltd. is a junior exploration company listed on
the TSX Venture Exchange (symbol GNG). The Company is focused on exploring and
developing the gold and silver potential of an historic mining camp located in
the world famous Sierra Madre Occidental Mountains of northwestern Mexico.
Unlike most juniors, which have an option to earn an interest in a single
property or a few scattered properties in various areas or countries, Golden
Goliath controls an entire old mining camp, or district, that covers an area
of 15 by 25 kilometres, with numerous past producing gold and silver mines
dating back to the time of the Spaniards. Golden Goliath's Uruachic claims are
owned 100% by the Company and are fully paid for with no property option or
purchase payments to make. To find out more about Golden Goliath visit

    About cQuest

    cQuest is an affiliate of Christensen, a global capital markets advisory
firm with offices in New York, Hong Kong, Phoenix, Montreal, Toronto and
Calgary. Providing its clients with a customized choice of investor relations
and financial communication solutions, designed to fit clients' individual
needs, cQuest assists companies with market capitalizations of less than
$200 million achieve fair market valuation and strengthened brand recognition
in the global financial markets.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this press release.

    This press release contains forward-looking statements which may include
financial and business prospects, as well as statements regarding the
Company's future plans, objectives or economic performance and financial
outlooks. Such statements are subject to risk factors associated with the real
estate industry and the overall economy in both Canada and the United States.
The Company believes that the expectations reflected in this press release are
reasonable, but actual results may be affected by a variety of variables and
may be materially different from the results or events predicted in the
forward-looking statements. Readers are therefore cautioned not to place undue
reliance on these forward-looking statements.
    In evaluating forward-looking statements readers should consider the risk
factors which could cause actual results or events to differ materially from
those indicated by such forward-looking statements. These forward-looking
statements are made as of the date hereof and unless otherwise required by
applicable securities laws, the Company does not intend nor does it undertake
any obligation to update or revise any forward-looking statements to reflect
subsequent information, events, results or circumstances or otherwise.

For further information:

For further information: J Paul Sorbara, M.Sc., P.Geo, President, Golden
Goliath Resources, Ph: (604) 682-2950, Fx: (604) 685-3764,; Jennifer Pelczarski, Vice President, Christensen, Ph:
(480) 614-3015, Fx: (480) 614-3035,

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Golden Goliath Resources Ltd.

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