Wed Sep 18 11:08:00 UTC 2024: ## Goliath Resources Boosts Financing, Secures Strategic Investment from Mining Veteran

**TORONTO, Sept. 18, 2024** – Goliath Resources Limited (TSX-V: GOT) announced today a significant increase in its non-brokered flow-through financing, raising the total to $15,725,500. This boost is driven by a strategic investment from Mr. Larry Childress, a seasoned mining industry professional, who has increased his Goliath common share purchase to 1,400,000 through Childress Family LP.

Mr. Childress, a Mining Engineer with over 40 years of experience in mineral projects, brings a wealth of expertise and a proven track record to Goliath. Notably, he is the second largest shareholder of Fireweed Metals, holding ~22 million shares.

This financing will be a combination of Charity Flow-Through (CFT) and Flow-Through (FT) shares, both of which qualify as flow-through shares under the Income Tax Act (Canada). The first tranche, which closed on September 13, 2024, raised $9,562,308. The final tranche is scheduled to close in October 2024.

Goliath plans to utilize the proceeds for exploration programs on its properties in the Golden Triangle of northwestern British Columbia. The funds will be allocated towards Canadian exploration expenses, flow-through mining expenditures, and B.C. flow-through mining expenditures, which will be incurred by December 31, 2025.

Goliath Resources Limited is a leading explorer of precious metals projects in the Golden Triangle, known for its world-class geological settings and favorable mining environment. The company boasts a strong portfolio of shareholders, including Crescat Capital, Mr. Rob McEwen, Mr. Eric Sprott, and now Mr. Larry Childress.

The successful financing and strategic investment from Mr. Childress reinforces Goliath’s commitment to unlocking value from its properties and solidifies its position as a key player in the Canadian mining sector.

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