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Juggernaut Reports Expansion of the Discovery Zone at DSM GoldCrest Property; Chip Samples Up to 56.1 Grams Per Tonne Gold (1.64 oz/t Au) Over 1 Meter

—  The majority of the GoldCrest Property remains unexplored, including multiple gossans identified in 2018, which remains to be sampled, providing for additional strong gold potential.

The GoldCrest property was generated and staked by the DSM Syndicate in 2017, following positive results from a brief reconnaissance exploration program. A limited follow-up program in 2018 was carried out to systematically prospect the other unexplored regions of the claim block and expand on the 2017 mineralized zones. During the brief field program, a total of 55 samples (21 channels, 20 chips, and 14 grabs) were collected from the Cadillac Trend with highlights including a 1 metre chip that assayed 56.1 g/t Au and 124 g/t Ag. This resulted in the expansion of the Cadillac Trend from 750m x 100m to 850m x 190m, and it remains open. A brief reconnaissance prospecting program surrounding the Cadillac Trend discovered numerous quartz veins 500 m north and up to 1500 m south that are up to 1.5 metres wide and >100 metres long ( link to image ). These veins assayed up to 7.97 grams per tonne gold and 252 grams per tonne silver, demonstrating the strong untapped gold potential on the GoldCrest Property. Other samples were collected from the southern part of the property from an extensive quartz vein system returned 5.98 g/t Au, 226 g/t Ag and 1.21 g/t Au, 78.6 g/t Ag. (see Table 1).

Goliath Resources Reports up to 56.1 Grams Per Tonne Gold (1.64-oz/t Au) Over 1 Meter at DSM GoldCrest Property

TORONTO, Nov. 14, 2018 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) (FSE: B4IE) ( the “Company” or “Goliath”) is pleased to report channel, chip, and grab sample assay results of up to 56.1 grams per tonne gold (1.64 ounces per ton gold) over 1 meter from the Cadillac Trend on the GoldCrest Property. The Cadillac Trend has been expanded to 850m x 190m, and remains open in all directions. The GoldCrest Property is located ten kilometres northeast of Bella Coola, British Columbia and is 100% owned by the DSM Syndicate , a private precious metals project generator in British Columbia that holds a total of six properties to date, of which Goliath Resources Limited owns a 10% interest

The Company is also pleased to provide an update on its pending assay results from its inaugural drill program at its 100% controlled Copperhead and Lucky Strike properties.