Golden Goliath Resources Ltd.TSXV: GNG

Golden Goliath Resources Ltd. - Warrant terms amended

· Issued by Golden Goliath Resources Ltd. via CNW

TSX.V: GNG

US: GGTH-F

VANCOUVER, Feb. 1 /CNW/ - Further to the New Release of January 30, 2007, Golden Goliath Resources Ltd. wishes to inform its shareholders that, subject to regulatory approval, it has amended the terms of 4,000,000 warrants issued February 15, 2006, to extend the term of the warrant for an additional three months. The warrants will remain exercisable at a price of $0.45 per share and will expire on May 15, 2007.

ON BEHALF OF GOLDEN GOLIATH RESOURCES LTD.

J. Paul Sorbara, M.Sc., P.Geo.

President

The TSX Venture Exchange has not reviewed and does not approve or

disapprove the adequacy or accuracy of this release.

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