Kodiak Exploration Limited

Kodiak Exploration Limited

November 08, 2010 13:46 ET

Kodiak Exploration Ltd.: Golden Goose Sets Date for Special Shareholder Meeting

MONTREAL, QUEBEC and VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 8, 2010) - Golden Goose Resources Inc. (TSX VENTURE:GGR) ("Golden Goose") and Kodiak Exploration Ltd. (TSX VENTURE:KXL)(FRANKFURT:KX3) ("Kodiak") are pleased to announce that Golden Goose has received permission from the court to hold a special meeting of shareholders to vote on the proposed merger via a Plan of Arrangement with Kodiak. The information circular will be sent to Golden Goose shareholders and filed on SEDAR shortly.

The special meeting is to be held on December 13th, 2010, for shareholders of the record date of November 4th, 2010. In order to approve the transaction, 75% of the votes cast must support the proposal. Once shareholder approval is obtained, final order is rendered by the court, and the deregistration of Golden Goose in the United States is completed, the transaction will close shortly thereafter.

François Perron, President and CEO of Golden Goose commented: "We are eager to proceed as this next step will accelerate the surfacing of the value of the Magino project. Preparations for the assessment of the open pit potential have begun and Kodiak Exploration is ready to proceed with a preliminary economic analysis and significant confirmatory drilling. We expect these initiatives to create significant value over the coming months." Brian Maher, President and CEO of Kodiak added: "We are excited to move forward with the development of the Magino Mine project and to realize the full value of this gold deposit in the market place."

On behalf of the Boards of Directors:

Brian J. Maher
President and Chief Executive Officer, Kodiak Exploration Limited

François Perron
President and Chief Executive Officer, Golden Goose Resources, Inc.

This release may contain forward-looking statements or statements that relate to programs that involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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