GOLDEN GOOSE RESOURCES INC.
TSX VENTURE : GGR

GOLDEN GOOSE RESOURCES INC.

May 23, 2006 17:30 ET

Golden Goose Reports its Financial Results for the First Quarter

MONTREAL, QUEBEC--(CCNMatthews - May 23, 2006) - (TSX VENTURE:GGR) The Company is pleased to report its unaudited financial statements for the three-month period ended March 31, 2006 with comparative figures for 2005.

For the three months ended March 31, 2006, the Company reported a net loss of $133,322 (or $0.00 per share) compared to a net loss of $58,141 (or $0.00 per share) for the three-month period ended March 31, 2005. The loss for the three-month period ended March 31, 2006 was mainly due to the continuing care and maintenance expenses and general and administrative costs, including an amount of $61,104 for corporate development of potential international properties (nil in same period in 2005). In the first quarter of 2006, the Company received $820,658 from the exercises of stock options and warrants.



Selected Quarterly Financial Information(i)
For the three-month periods ended March 31

2006 2005
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Total revenues $13,293 $2,706
Current Assets $2,043,846 $569,605
Net earnings (loss) $(133,322) $(58,141)
Net earnings (loss) per share $(0.00) $(0.00)
Net earnings (loss) per share (diluted) $(0.00) $(0.00)
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(i) This selected quarterly information must be read in conjunction
with the quarterly financial statement filed on www.sedar.com for
the quarter ended March 31, 2006.


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

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