Golden Goose Resources Inc. - Magino drilling discovers new high-grade gold zone



    MONTREAL, March 9 /CNW Telbec/ - (TSX-V: GGR), Golden Goose Resources
Inc. is pleased to announce that drilling at the Magino gold property near
Wawa, Ontario, has encountered a new type of high grade mineralization. The
intersection, which graded 11.1 grams of gold per tonne over a core length of
10.5 metres (uncut), is approximately 400 vertical metres below surface, and
200 metres to the south of the previous Magino mine workings.

    
    Drill Hole                                  From      To  Length    Gold
                                                  (m)     (m)     (m)   (g/t)
    -------------------------------------------------------------------------

    Hole                                      606.00  608.65    2.65    1.56
    07-19A
    Massive Sulfide Zone
                                  and :       610.50  621.00   10.50   11.14
    Exhalite and QFP Zone         including   617.00  621.00    4.00   28.19

    The intercept was located at the contact between a massive sulphide and an
exhalite formation which lie stratigraphically below the granodiorite
formation which hosts the known resources on the property. There has been no
previous drilling in this formation in the area of this intercept. This gold
zone is present in the exhalite, which is directly in contact with a felsic
intrusive (QFP). The gold is disseminated in massive sulphides, and in a
stockwork of quartz veins in the QFP. The QFP is host to quartz veins
containing visible gold. The massive sulphide consists of two bands of 1 and
2 metres widths, essentially composed of pyrite and pyrhotite with up to 2% of
chalcopyrite. The hole also returned the following copper values:

    Drill Hole                                  From      To  Length      Cu
                                                  (m)     (m)     (m)      %
    -------------------------------------------------------------------------

    07-19A                                    606.00  613.00    7.00    0.35

    "This discovery opens up a new exploration angle for the Magino project
and we intend to aggressively follow up on this new zone," says Golden Goose
President and CEO, Jean-Marc Lacoste. The new formation was discovered on the
fourth hole of a 14,000-metre program which began in November, 2006.
    The drilling program also provided numerous drill intercepts in the
granodiorite formation, also below existing resources, which appear to extend
several known zones of mineralization at depth. The results are presented in
the following table ("true width" not yet determined):

    Drill Hole                                  From      To  Length    Gold
                                                  (m)     (m)     (m)   (g/t)
    -------------------------------------------------------------------------

    06-16A                                    408.00  413.00    5.00    5.77
    including                                 412.00  413.00    1.00   27.70

    and:                                      431.00  435.00    4.00    3.12
    including                                 431.00  432.00    1.00    9.51


    06-17                                     304.00  308.00    4.00    3.53
    including                                 304.80  305.80    1.00    9.87

    and:                                      429.50  442.00   12.50    1.41
    including                                 437.50  438.00    0.50   15.60
    including                                 441.00  442.00    1.00    3.94

    and:                                      473.00  480.00    7.00    2.07
    including                                 473.00  474.00    1.00    9.73


    07-18                                     219.25  222.00    3.00    5.68
    including                                 219.25  220.25    1.00   14.50

    and:                                      238.00  241.00    3.00   11.91
    including                                 238.00  239.00    1.00   31.16

    and :                                     331.00  332.5     1.50   11.89
    Including                                 331.00  331.50    0.50   32.02

    and :                                     377.00  380.10    3.10   24.81
    Including                                 379.50  380.10    0.60  120.34

    and :                                     401.00  402.20    1.20    6.49

    and :                                     540.00  542.50    2.50    9.82
    Including                                 542.00  542.50    0.50   46.10


    07-19A                                    188.00  190.00    2.00    7.70
    including                                 188.50  190.00    0.50   25.00

    and:                                      355.00  359.00    4.00    6.04
    including                                 357.00  357.50    0.50   40.73

    and:                                      381.00  387.00    6.00    3.70
    including                                 381.00  382.00    1.00    7.96

    and:                                      510.00  515.00    5.00   24.25
    including                                 510.00  511.00    1.00  120.46
    

    Fire Assay with AA finish done by Accurassay Laboratories & ALS Chemex,
Thunder Bay, Ontario.
    Photos of the drilling program are available this week at
www.goldengooseres.com ("Magino" page).

    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 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:

For further information: Golden Goose Resources Inc.: Jean-Marc Lacoste,
President, 1-888-928-4667, Fax: 1-888-494-5371, www.goldengooseres.com; Gilles
Provost, Geologist, Qualified Person as defined by 43-101; Renmark Financial
Communications Inc.: Barry Mire, bmire@renmarkfinancial.com; Christina Lalli,
clalli@renmarkfinancial.com; Media: Vanessa Napoli,
vnapoli@renmarkfinancial.com; (514) 939-3989; Fax: (514) 939-3717;
www.renmarkfinancial.com

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