Golden Goose initiates hydrogeology studies on its Magino gold project



    MONTREAL, Aug. 24 /CNW Telbec/ - Golden Goose Resources Inc. (TSX-V: GGR)
(the "Company") is pleased to announce that it has retained the services of
environmental firm AMEC to perform hydrogeology studies with respect to the
dewatering of the underground workings at its wholly-owned Magino gold
property near Wawa, Ontario.
    The Company is in an aggressive development mode on the Magino project
following the recent release of a 43-101 resource estimate for the project and
the sale of its Montauban property and Lac Levac option. Released on May 29,
the Magino resource estimate indicates more than 453,000 ounces of gold at
6.74 g/t in the measured and indicated category and 1.1 million ounces of gold
at 6.29 g/t in the inferred category.
    Francois Perron, President and CEO, commented: "The hydrogeology study at
the Magino project represents the first step toward eventual dewatering of the
existing ramp, as well as a crucial step towards the application for an
underground exploration permit for the gold project. We are looking to
increase the value of the existing resource as well as expand the resource
base with drilling in areas where the resource remains open or on nearby
targets."

    ABOUT GOLDEN GOOSE RE

SOURCES 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 metal 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.

For further information:

For further information: Francois Perron, Golden Goose Resources Inc.,
1-888-928-4667, Fax: 1-888-494-5371, perron@goldengooseres.com;
www.goldengooseres.com

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GOLDEN GOOSE RESOURCES INC.

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