Vancouver,
British Columbia (August 2, 2007) - 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
www.goldengoliath.com.
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.
For
further information contact:
J Paul
Sorbara, M.Sc., P.Geo
President
Golden
Goliath Resources
Ph:
(604) 682 2950
Fx:
(604) 685 3764
jps@goldengoliath.com
Jennifer
Pelczarski
Vice
President
Christensen
Ph:
(480) 614-3015
Fx:
(480) 614 -3035
jpelczarski@christensenir.com
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.