GOLDEN GOOSE RESOURCES INC.
TSX VENTURE : GGR

GOLDEN GOOSE RESOURCES INC.

May 30, 2006 08:00 ET

Golden Goose Resources Inc.: High Grade Gold Over Wide Zones Continue at Magino Mine, Ontario

MONTREAL, QUEBEC--(CCNMatthews - May 30, 2006) - Golden Goose Resources Inc. (TSX VENTURE:GGR) is pleased to report results from the final three holes of the recently completed eleven hole 4,802 m diamond drilling program on the Company's 100% owned Magino Mine property located 1.5 km southwest of the Richmont/Patricia Island Gold Mine, near Wawa, Ontario.

As reported in the press release of May 11, 2006, hole 06-09 intersected several mineralized intervals including 162.00 g/t gold (5.21 oz/t) over 0.40 m (0.30 m approximate true width) located 190 m below historical workings.

Hole 06-10 intersected numerous well mineralized intervals including 202.00 g/t gold (6.49 oz/t) over 0.30 m (0.25 m approximate true width) from an impressive section averaging 8.07 g/t gold over 13.50 m (true width approximately 10.00 m). A second zone further down the hole returned 65.30 g/t gold (2.10 oz/t) over 0.50 m (0.40 m approximate true width). These intervals were from a series of quartz veins containing abundant visible gold located 75 m and 300 m, respectively below historical workings.

Results from drill holes 06-09, 06-10 and 06-11 are indicated in Table 1 below.



Table 1. Magino Mine Surface Drill Holes Results - Hole 06-09, 06-10
and 06-11

Drill Hole From (m) To (m) Length (m) Gold (g/t)
06-09 185.70 193.00 7.30 3.15
including 192.00 193.00 1.00 7.30
256.95 257.55 0.60 17.50
300.10 302.50 2.40 28.60
including 301.10 302.50 1.40 47.86
including 301.10 301.50 0.40 162.00
-------------------------------------------------------------------

06-10 121.70 126.10 4.40 5.11
including 121.70 122.20 0.50 20.80
168.50 182.00 13.5 8.07
including 170.40 170.70 0.30 202.00
including 173.80 174.80 1.00 17.23
including 173.80 174.30 0.50 26.75
including 180.90 181.40 0.50 15.40
244.00 247.00 3.00 6.05
including 244.00 245.00 1.00 15.60
328.80 329.20 0.40 20.40
401.70 402.20 0.50 65.30
-------------------------------------------------------------------

06-11 260.00 260.50 0.05 7.31
284.25 285.20 0.95 7.13
303.00 302.00 1.00 5.24
-------------------------------------------------------------------



Drilling below the historical workings has indicated a robust
mineralized system and clearly demonstrates the down-dip continuity
of the mineralization which remains open at depth and along strike.
Table 2 highlights the impressive gold grades and considerable widths
obtained from the eleven holes of the drilling program. Please refer
to Golden Goose's previous press releases of April 19, April 27 and
May 11, 2006 for complete results.



Table 2. Highlights of Significant Magino Mine Surface Drill Holes
Results

Drill Hole From (m) To (m) Length (m) Gold (g/t)
-------------------------------------------------------------------
06-01 135.35 139.85 4.50 4.26
including 137.35 139.35 2.00 9.00
including 138.35 139.35 1.00 13.70
-------------------------------------------------------------------

06-02 325.00 326.00 1.00 14.65
-------------------------------------------------------------------

06-03 334.00 337.00 3.00 8.26
including 334.00 335.00 1.00 15.73
-------------------------------------------------------------------

06-04 278.08 280.40 1.42 1.12
-------------------------------------------------------------------

06-05 297.00 316.00 20.00 8.61
including 297.00 298.00 1.00 124.50
including 315.00 316.00 1.00 41.30
389.00 395.00 6.00 5.01
including 389.00 390.00 1.00 16.10
-------------------------------------------------------------------

06-06 156.00 172.13 16.13 19.80
including 166.00 167.00 1.00 299.00
364.00 367.00 3.00 7.29
including 366.00 367.00 1.00 13.90
-------------------------------------------------------------------

06-07 336.50 342.50 6.00 7.78
including 336.50 337.00 0.50 37.60
389.00 392.00 3.00 8.04
including 391.00 392.00 1.00 20.70
-------------------------------------------------------------------

06-08 371.00 375.00 4.00 4.27
including 371.00 372.00 1.00 12.05
-------------------------------------------------------------------

06-09 300.10 302.50 2.40 28.60
including 301.10 302.50 1.40 47.86
including 301.10 301.50 0.40 162.00
-------------------------------------------------------------------

06-10 168.50 182.00 13.5 8.07
including 170.40 170.70 0.30 202.00
including 173.80 174.80 1.00 17.23
including 173.80 174.30 0.50 26.75
328.80 329.20 0.40 20.40
401.70 402.20 0.50 65.30
-------------------------------------------------------------------

06-11 284.25 285.20 0.95 7.13
-------------------------------------------------------------------


See attached plan map for location of the drill holes relative to the historical workings.

Golden Goose is very pleased with the results of the drilling program and plans on initiating a follow-up drilling program in June to continue exploring for and defining the high-grade ore shoots in anticipation of conducting a preliminary mineral resource estimate on the Magino deposit.

Samples were transported directly to the ALS Chemex laboratory in Thunder Bay, Ontario and analysed using standard fire assay methods. 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, as well as in Mongolia, where due diligence is advancing.

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

A map of the Magino Mine Geology is available at: http://www.ccnmatthews.com/docs/ggra0530.pdf

Contact Information

  • Golden Goose Resources Inc.
    Mr. John R. Macklem
    (705) 454-3043
    (705) 454-3043 (FAX)
    Email: jmacklem@sympatico.ca
    or
    Golden Goose Resources Inc.
    Mr. Craig Waldie, P.Geo.
    (905) 607-5252
    (905) 820-6985 (FAX)
    Email: craigwaldie@rogers.com