August 21, 2006 11:58 ET

Golden Goose Resources Inc.: Change in Senior Management

MONTREAL, QUEBEC--(CCNMatthews - Aug. 21, 2006) - Golden Goose Resources Inc. (TSX VENTURE:GGR) (the "Company") is pleased to announce that the board of director has appointed, effective September 1, 2006, Mr. John R. Macklem as Chairman of the Board and Mr. Jean-Marc Lacoste as President and Chief Executive Officer of the Company. Mr. John R. Macklem will continue to act as the Chief Financial Officer and Assistant Secretary of the Company. Both remain directors of the Company. At the request of Mr.Macklem, his resignation as interim CEO and President was accepted by the Board with their thanks for his dedication over the past two years.

The Company also announces that it has retained Renmark Financial Communications ("Renmark"), of Montreal, Quebec, as its investor relations consultant. The Company carefully selected Renmark to help increase its exposure to retail investors. The agreement with Renmark is effective September 1, 2006 and is subject to the approval of the TSX Venture Exchange. The agreement is of an undetermined term and may be terminated by the parties upon a prior notice of 30 days. In consideration for the services rendered under the agreement, Renmark will be paid a monthly fee of $3,000CDN plus all pre approved expenses. Renmark holds no direct or indirect interest in the Company or its securities. Renmark is one of the largest retail investor relations firms in Canada, offering corporate and financial communications for small, mid and large cap companies listed on both US and Canadian stock exchanges.

With regret, we announce the resignation of Mr. Craig Waldie, P.Geo., as Vice-President Exploration for the Company and thank him for his contribution to our technical success. We wish him well in his new position with the Ontario Securities Commission.

The Company announces that the Lac Levac property Survey by Aeroquest near Nemiscau has been completed. The data has been transferred to Aeroquest's Milton office to oversee the data set and finalize the final reports.The Company's objective will be to site a diamond drilling program from the Survey on the Company's 100% owned Lac Levac property. The proposed drilling program will follow-up previous drilling during the late 1980's.

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.

Contact Information

  • Golden Goose Resources Inc.
    Mr. John R. Macklem
    (705) 454-3043
    (705) 454-3043 (FAX)