June 01, 2006 09:39 ET

Golden Goose Resumes Drilling at Magino Mine Following Successful Program

MONTREAL, QUEBEC--(CCNMatthews - June 1, 2006) - Golden Goose Resources Inc. (TSX VENTURE:GGR) is pleased to announce that drilling will resume on or about June 9th on the 100% owned Magino Mine property located 1.5 km southwest of the Richmont/Patricia Island Gold Mine, near Wawa, Ontario. The Company recently announced results of the very successful drilling program which yielded numerous multi-ounce gold intersections within wide zones of mineralization to a depth of 300 metres below historical workings. Mr. John Macklem, President of Golden Goose, stated "This next drilling phase will move the Company forward with the initial drill testing of the mineralization at depth and towards the objective determining a preliminary resource estimate".

This drill phase will involve four holes totalling approximately 1,700 metres at an estimated total cost of $200,000. The first hole will target the Main Area and will be drilled between and below holes 06-05 and 06-06 which intersected wide zones of mineralization containing impressive high grade intersections of 124.5 g/t gold over 1.0 metre and 299.0 g/t gold over 1.0 metre, respectively. This hole will test the lateral as well as vertical continuity of these zones. The other three holes will target the Northeast Area. Two holes will test the western extension of hole 06-10 which also intersected a wide zone of mineralization containing a high grade interval of 202.0 g/t gold over 0.30 metres. The fourth hole will target the eastern continuity of the mineralization intersected in hole 06-11 which returned 6.8 g/t Au over 1.0 metre.

Golden Goose is very pleased with the drilling results to date which has indicated a robust mineralized gold system and clearly demonstrates the vertical and lateral continuity of the mineralization which remains open along strike and down dip.

Samples will be split and transported directly to the ALS Chemex laboratory in Thunder Bay, Ontario and analysed using standard fire assay methods. The Company routinely inserts quality control samples into each sample batch. The information contained in this news release has been reviewed and approved by Craig Waldie, P.Geo., Vice-President Exploration for Golden Goose Resources, a Qualified Person as defined by NI 43-101.

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.

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