MONTREAL, July 22 /CNW Telbec/ - Golden Goose Resources Inc. (TSX-V: GGR)
(the "Company") is pleased to announce that it has reached an agreement with
Excel Gold Mining ("Excel") for the purchase of its Montauban Properties.
The Montauban Properties, which are located approximately 100 km north
east of Shawinigan in the province of Quebec, include a past producing mine
that was operated by the Company from 1982 to 1990. During that period the
mine produced 550,000 tonnes grading 4.04 g/t gold and 36.6 g/t silver. There
is no NI43-101 compliant resource presently identified on the property.
In return for a 100% of the mining rights and transferred rights in the
mine and its 2 adjacent claims, Excel agrees to pay the Company a valued
consideration of $150,000 plus a 1% Net Smelter Return (NSR) royalty,
redeemable for $1,000,000.
Francois Perron, President and CEO comments "This sale agreement allows
us to focus on our gold project at Magino where we have a NI43-101 compliant
gold resource of more than 450,000 ounces measured and indicated and
1,1000,000 ounces in the inferred category."
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, platinum
group metals, and nickel 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.%SEDAR: 00004334EF
For further information: Golden Goose Resources Inc.: Francois Perron,
1-888-928-4667, Fax: 1-888-494-5371, perron@goldengooseres.com;
www.goldengooseres.com
