GOLDEN GOOSE RESOURCES INC.
TSX VENTURE : GGR

GOLDEN GOOSE RESOURCES INC.

October 25, 2005 17:28 ET

Golden Goose Resources Inc.: Resumption of Exploration at Magino Mine Property, Ontario

MONTREAL, QUEBEC--(CCNMatthews - Oct. 25, 2005) - Golden Goose Resources Inc. (TSX VENTURE:GGR) is pleased to announce the resumption of exploration at the Company's 100% owned Magino Mine Property located 125 km southeast of Hemlo, Ontario. Detailed surface structural mapping and channel sampling will be immediately undertaken on stripped outcrops near the previous mine workings. This work will comprise part of a larger exploration program that will include surface diamond drilling with the objective of improving the definition of previously identified high-grade gold mineralization below the existing mine workings. The Magino Mine is relatively unexplored at depth with only 13 deep holes, many of which returned multi-ounce gold values over several metres. An extensive review of the existing mine and exploration data will be undertaken to identify high priority drill targets between 200 to 500 metres below surface.

The Magino Mine operated from 1988 to 1992 producing 105,543 ounces of gold from 768,678 tons down to 150 to 200 metres below surface. When the mine shut down in 1992, the decline had advanced down to 225 metres below surface.

Immediately northeast of the Magino Mine, Richmont Mines Inc. is completing a $10 million exploration program on the Island Gold Project to earn a 55% interest from Patricia Mining Corp. Indicated reserves in early 2005 stood at 108,000 ounces at a grade of 12.3 g/t Au. Production is expected by mid-year 2006.

The Company is very excited about the resumption of exploration on its Magino Mine Property.

In addition, the Company is actively evaluating its inventory of properties in Canada with a view to future work programs. A review of this current work program is to be completed within a few weeks by the Board of Directors.

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

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