Golden Goose Resources Inc. - $1,200,000 Private Placement - Issuance of Flow-Through Common Shares

    MONTREAL, Aug. 31 /CNW Telbec/ - Golden Goose Resources Inc.
(TSX VENTURE :GGR) (the "Company") announces that it has raised gross proceeds
of $1,200,000 through a non-brokered private placement of 1,500,000 common
shares, issued on a flow-through basis to two subscribers, at a price of $0.80
per share. The closing is expected to take place on September 4, 2007. Under
applicable securities legislation, all the common shares will be subject to a
four-month hold period. No insider participated in the private placement.
    The proceeds of this placement will be allocated entirely to the current
drilling programs on the Company's Lac Levac property, in Québec. Laurentian
Bank Securities Inc. will receive a fee for advising on the private placement.

    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.

For further information:

For further information: Golden Goose Resources Inc.: Jean-Marc Lacoste,
President, 1-888-928-4667, Fax: 1-888-494-5371,;
Renmark Financial Communications Inc.: Barry Mire,;
Barbara Komorowski,; Media - Vanessa Napoli,; (514) 939-3989, Fax: (514) 939-3717,

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