GOLDEN GOOSE RESOURCES INC.
TSX VENTURE : GGR

GOLDEN GOOSE RESOURCES INC.

October 28, 2005 16:28 ET

Golden Goose Resources Inc.: Amendment to Stock Option Plan and Grant of Options

MONTREAL, QUEBEC--(CCNMatthews - Oct. 28, 2005) - Golden Goose Resources Inc. (TSX VENTURE:GGR) Golden Goose Resources Inc. announced today that it has amended its Share Option Plan in order to make the plan consistent with the latest regulatory requirements and to provide for a total of 2,993,817 options to purchase shares that may be issued under the Amended Share Option Plan, corresponding to 10% of the shares issued and outstanding. Under the old Share Option Plan a total of 3,000,000 options were authorized, of which 840,000 shares were issued on their exercise and of which 1,055,000 remain outstanding and form part of the total number of options that may be issued under the Amended Plan.

The Board also took the opportunity to grant options to its Board members and management team. The following options to purchase common shares of the Company pursuant to the Amended Share Option Plan were granted at $0.30 per share, yesterday's closing price, for a period of 5 years:



Jean-Marc Lacoste Director 140,000
John R. Macklem President and Director 160,000
Terence S. Ortsland Director 140,000
Craig J. Waldie Vice-President Exploration 120,000
David H. Watkins Director 140,000


Contact Information

  • Golden Goose Resources Inc.
    Mr. John R. Macklem
    President
    (705) 454-3043
    (705) 454-3043 (FAX)
    jmacklem@sympatico.ca