Mr. Dustin Nanos reports

GOLDEN GOOSE RESOURCES CORP. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UNITS FOR MINIMUM GROSS PROCEEDS OF $3,000,000

Golden Goose Resources Corp. intends to complete a non-brokered private placement of units of the company at a price of 15 cents per unit for minimum gross proceeds of $3-million, with an oversubscription option to raise up to a maximum of $5-million in aggregate gross proceeds.

Each unit will consist of one common share of the company and one-half of one common share purchase warrant of the company. Each whole warrant will entitle the holder to acquire one common share of the company at an exercise price of 23 cents per warrant share for a period of 24 months from the date of closing of the offering, subject to acceleration as described below.

If, for any 10 consecutive trading days following the closing date, the closing price of the company's common shares on the Canadian Securities Exchange exceeds 35 cents per common share, the company will have the right to accelerate the expiry date of the warrants to the date that is 30 days following the date on which the company provides notice of such acceleration to the holders of warrants by way of news release. The warrants will expire on such accelerated expiry date if not exercised prior thereto.

The company intends to use the net proceeds of the offering to finance the following programs and for general corporate purposes:

• Channel sampling program;
• Geophysical surveys;
• Geological mapping;
• Drilling program;
• General and administrative expenses.

In connection with the offering, the company may pay certain arm's-length finders cash finders' fees equal to 8 per cent of the gross proceeds raised from subscribers introduced by such finders and compensation warrants equal to 8 per cent of the number of units sold to subscribers introduced by such finders, with each finder's warrant entitling the holder to acquire one common share of the company at an exercise price of 15 cents per common share for a period of 24 months from the closing date.

The offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the CSE. The offering is expected to close as soon as practicable, subject to the satisfaction of customary closing conditions.

The securities issued in connection with the offering will be subject to a hold period of four months and one day from the closing date pursuant to applicable Canadian securities laws, in addition to such other resale restrictions as may apply under the securities laws of the applicable jurisdiction of each subscriber. The securities issued in connection with the offering will also be subject to an exchange hold imposed by the CSE commencing on the closing date.

About Golden Goose Resources Corp.

Golden Goose Resources is a mineral exploration company dedicated to the discovery and development of mineral resources. The company has the right to acquire 100 per cent of the Gran Esperanza property, which covers 44,400 hectares of year-round accessible terrain in the Los Menucos district within the North Patagonian massif. The company also has the right to acquire 100 per cent of the Goldfire property totalling 83 claims covering 4,680 hectares, located near Gold Field Ltd.'s Windfall project, currently under development. The company holds a controlling interest in the El Quemado project, comprising 20 mining concessions totalling 8,000 hectares in Salta province, Argentina.

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