Golden Oasis Exploration Corp.
TSX VENTURE : GOT

Golden Oasis Exploration Corp.

September 17, 2007 10:00 ET

Golden Oasis Stakes More Claims at Lone Ranch Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 17, 2007) - Golden Oasis Exploration Corp. (TSX VENTURE:GOT) announces that it has staked an additional 83 claims totaling approximately 1,660 acres in the surrounding areas of its wholly owned Lone Ranch Project within the Republic graben of north-central Washington. The additional claims were staked to cover the full extent of the new anomaly and extensions of the Central and South anomalies previously announced (see press release dated August 13, 2007). Permitting of a 17 hole drilling program has been initiated with the US Forest Service. Although the date of approval of the permit is currently unknown, core drilling will commence as soon as possible thereafter. The Company is excited to begin drilling in this important gold producing region known as the Republic district. The Republic graben contains numerous precious metal deposits such as the Republic mine (Hecla Mining Company), Buckhorn Project (Kinross Gold Corporation), and the Kettle River mine complex (Kinross Gold Corporation).

Golden Oasis recently completed the interpretation of its airborne geophysical survey flown earlier this year over Lone Ranch, with the results showing two 1.5 kilometer long geophysical anomalies in the central and southern portions of the project area that correlate well with mapped gold-bearing sulfide zones.

Richard Kern (P.Geo), President of Golden Oasis, is the Company's qualified person on the project as required under NI 43-101 and has prepared the technical information contained in this press release.

Golden Oasis is dedicated to the principles of environmentally sound mining practices and believes that environmental stewardship and mining can co-exist. For details on the Company and its properties, see SEDAR at www.sedar.com and the Company website at www.goldenoasis.ca.

ON BEHALF OF THE BOARD

Robert Eadie, Chief Executive Officer and Director

The TSX Venture Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.

Contact Information