Golden Goose Resources Inc. reports 2007 annual results

    MONTREAL, April 28 /CNW Telbec/ - Golden Goose Resources Inc.
(TSX-V: GGR) (the "Company") is pleased to report its audited financial
statements for the year ended December 31, 2007 with comparative figures for
2006. (Complete version will be available on SEDAR www.sedar.com.) Golden
Goose took advantage of the opportunities offered by the strong market in 2007
to develop the potential of the Magino gold project in Ontario and Lac Levac
nickel - copper - PGM project in Quebec. The Company drilled some
10,000 metres on each of the projects, funded by $5.8 million raised during
the year through private placements. Excellent drill results were obtained on
both properties.

    2007 Operating results

    For the year ended December 31, 2007, the Company had a net loss of
$1,377,262 or $0.03 per share compared with 2006's net loss of $928,898 or
$0.03 per share. This increase in net loss for the year is mainly due to an
increase in general and administrative expenses from $576,082 last year to
$983,436 this year. Stock-based compensation amounted to $677,142 in 2007
compared to $660,600 in 2006. Interest revenues increased from $74,459 in 2006
to $144,411 in 2007. This increase in interests earned during the year is
mainly attributable to higher short-term investments balances across the year
2007 compared to 2006.

    Liquidity and Capital Resources

    As at December 31, 2007, total assets were at $17,062,365 compared with
$11,417,458 for the previous year. Mining interests increased from $8,784,501
to $11,977,223 during the year due to exploration activities at the Magino and
Lac Levac properties. Short-term investments, including exploration funds to
be spent on the Company's exploration properties in Ontario and Quebec,
increased from $2,300,000 to $4,200,000 due to cash flows generated by
financing activities in 2007. Working capital improved, amounting to
$4,044,402 at year-end compared to $2,237,389 last year. Available liquidities
at year end are sufficient for 2008 exploration budget and general and
administrative expenses.

    Fourth Quarter Results of Operations

    For the last three months of 2007, the Company reported a net loss of
$401,493 (loss of $0.01 per share) compared with a net loss of $69,209 (loss
of $0.01 per share) for the same quarter of the preceding year. The increase
in net loss is attributable to an income tax recovery of $295,000 accounted
for in the fourth quarter of last year compared to an income tax of $22,890
this year and is due to timing in flow-through shares expenditures
renouncement by the Company.

    ABOUT GOLDEN GOOSE RESOURCES

    Golden Goose Resources Inc. is a Canadian public company listed on the
TSX Venture Exchange under the symbol GGR. The Company is principally engaged
in mineral exploration and acquisition and has a portfolio of gold and
nickel-platinum group metals properties in Ontario and Quebec.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

For further information: Golden Goose Resources Inc.: Jean-Marc Lacoste,
1-888-928-4667, Fax: [phone], [e-mail]; Renmark
Financial Communications Inc.: Barry Mire, [e-mail]; James
Buchanan, [e-mail], [phone], Fax: [phone],
www.renmarkfinancial.com; Qualified Person under NI 43-101: Marc Antoine
Beaupré, Ing., [phone], Fax: [phone], www.goldengooseres.com