~*~Mining and Metals Du Jour~*~

[JD400]

ROB McEWEN & CRESCAT CAPITAL COMPLETE STRATEGIC INVESTMENTS IN
GOLIATH RESOURCES LIMITED
with MMGYS soundtrack

Toronto, Ontario – October 2, 2023 – Goliath Resources Limited (TSX-V: GOT) OTCQB: $GOTRF (FSE: B4IF)
(the “Company” or “Goliath”) is pleased to report Mr. Rob McEwen and Crescat Capital LLC have completed
their strategic investments in Goliath. They both participated in tranche one of the announced non-brokered
private placement that was upsized to $8,600,000 from $5,000,000. Gross proceeds from tranche one totaled
$4,115,616 and the second and the final tranche of up to ~$4,484,384 gross proceeds is scheduled to close
on or around October 11, 2023.
Mr. McEwen subscribed for $1,000,440 NFT units priced at $0.63 for a total of 1,588,000 units through his
personal holding company. Once the second tranche closes, he will own ~2.4% (P/D) of Goliath. Mr. McEwen
is the founder and former Chairman of Goldcorp where he discovered, built, and operated the Red Lake Mine
in Ontario which was acquired by Newmont Mining in 2019 for US$10 billion. Mr. McEwen is currently the
Chairman and Chief Owner of McEwen Mining Inc., a gold and silver producer with operations in Nevada,
Canada, and Mexico.
Goliath’s largest shareholder, Crescat Capital, subscribed for $500,220 for a total of 794,000 NFT units. Once
the second tranche closes, they will own ~18.4% (P/D) of Goliath. Crescat Capital participated in the Offering
pursuant to a pre-emptive right granted to them by the Company (see about Crescat Capital below).

continues here https://goliathresourcesltd.com/wp-content/uploads/2023/10/October-2-2023-Rob-McEwen-Crescat-Capital-Complete-Strategic-Investments-In-Goliath-Resources-Limited.pdf
Web site https://goliathresourcesltd.com/