GOLDEN GOOSE RESOURCES INC.
TSX VENTURE : GGR

GOLDEN GOOSE RESOURCES INC.

August 09, 2005 10:39 ET

Golden Goose Resources Inc.: Private Placement

MONTREAL, QUEBEC--(CCNMatthews - Aug. 9, 2005) - Golden Goose Resources Inc. (the "Company") (TSX VENTURE:GGR), wishes to announce that it has completed a non-brokered private placement offering for gross proceeds of $1,000,000. The financing consisted of the sale of 6,666,666 units, each comprised of one common share and one-half of one warrant, each full warrant entitling the holder thereof to acquire one common share of the Company at a price of $0.25 per share for a period of 12 months following the Closing Date.

All securities issued in conjunction with this Offering are subject to a four month trading restriction.

The Company will use proceeds from the financing to pursue the development of the Company's property and for working capital purposes.

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

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