Golden Goose Resources Inc.

Published : December 14th, 2007

Completes Phase I of Drilling on its Magino Gold Property

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Keywords :   Gold | Gold Mine | Nickel | Platinum |

GOLDEN GOOSE COMPLETES PHASE I OF DRILLING ON ITS MAGINO GOLD PROPERTY

Montreal, Quebec December 13th, 2007 - Golden Goose Resources Inc. (TSX-V: GGR) (the "Company") is pleased to announce that Phase 1 of drilling on its wholly-owned Magino gold property near Wawa in northwestern Ontario is now complete. The property hosts the Magino gold mine, which produced about 105,000 ounces in the late 1980s and early 1990s.

Phase I of the program initially consisted of 6,838 metres of drilling aimed at testing the extensions of the known zones under the Magino mine workings as well as the potential at depth. However, due to the numerous new gold zones intersected, the program was increased to nearly 10,000 metres. Results for 27 of the 29 holes drilled are shown in the table below, with assays for holes 27 and 29 still pending and expected in late January.

The Company has also retained Innovexplo, a consulting firm based in Val-d'Or, Quebec, to carry out a new resource estimate for the project based on the Phase I drill results. The estimate is already underway and is expected to be completed in the first quarter of 2008.

"The last resource estimate was dated April 2004 and showed a measured and indicated resource of about 7.2 million tonnes grading 0.075 opt Au, which is more than 500,000 ounces at surface," noted Jean-Marc Lacoste, President and Chief Executive Officer of Golden Goose. "We have since done substantial work and obtained very interesting results. Multiple zones have been identified, and the mineralization shows continuity from one hole to the next. We also expect the new QFP zone, which occurs at a depth of about 400 m below surface, to contribute significantly to the new resource estimate."

Complete results received to date for Phase 1 of the drilling program on the Magino property are as follows. A map showing the hole locations with the best results can be found on the Company's website at: ht tp://www.goldengooseres.com/site/results_12_07.html

THIS PRESS RELEASE CONTAINS A TABLE. TO VIEW FULL DOCUMENT, PLEASE CLICK HERE.


With Phase I complete, the drill has begun working on Phase II of the program, on a section of the property further to the east. Phase II consists of 17 holes for a total of 8,600 metres of drilling.

The work is being supervised by Gilles Provost, a professional geologist and Qualified Person under NI 43-101. He has approved the contents of this press release.

ABOUT GOLDEN GOOSE RESOURCES

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 and nickel-platinum group metals properties in Ontario and Quebec.

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

FOR FURTHER INFORMATION, PLEASE CONTACT:

Golden Goose Resources Inc.     
Jean-Marc Lacoste      
Phone: 1-888-928-4667     
Fax: 1-888-494-5371     
email: lacoste@goldengooseres.com   

Renmark Financial Communications Inc.
Barry Mire: bmire@renmarkfinancial.com
James Buchanan: jbuchanan@renmarkfinancial.com
Media - Vanessa Napoli: vnapoli@renmarkfinancial.com
Tel.: (514) 939-3989
Fax: (514) 939-3717
www.renmarkfinancial.com

QUALIFIED PERSON UNDER NI 43-101
GILLES PROVOST
TEL.: (888) 928-4667
FAX: (888) 494-5471
WWW.GOLDENGOOSERES.COM

Golden Goose Resources Inc.

CODE : GGR.V
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Golden Goose is a gold exploration company based in Canada.

Golden Goose is listed in Canada. Its market capitalisation is CA$ 19.6 millions as of today (US$ 19.5 millions, € 14.5 millions).

Its stock quote reached its lowest recent point on December 29, 2000 at CA$ 0.04, and its highest recent level on December 31, 2007 at CA$ 1.25.

Golden Goose has 51 562 000 shares outstanding.

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Annual reports of Golden Goose Resources Inc.
Reports 2007 Annual Results
Annual Report 2007
Financings of Golden Goose Resources Inc.
12/17/2007Closes Private Placement Financing With the Mineralfields Gr...
9/4/2007$1,200,000 Private Placement - Issuance of Flow-Through Comm...
Option Grants of Golden Goose Resources Inc.
3/6/2008Announce of the Grant of Stock Options
6/5/2007Annual Meeting Of Shareholders And Grant Of Stock Options
5/9/2007Announces The Grant Of Stock Options
Nominations of Golden Goose Resources Inc.
10/29/2007 Appoints Kevin Ramsay as Director
Financials of Golden Goose Resources Inc.
8/26/2008Reports its Financial Results for the Second Quarter of 2008
5/27/2008Reports its Financial Results for the First Quarter
11/22/2007 Reports Its Financial Results For The Third Quarter
8/29/2007reports its financial results for the second quarter
5/24/2007Reports Its Financial Results For The First Quarter
Project news of Golden Goose Resources Inc.
8/12/2009(Lac Levac)signs option to sell its Lac Levac nickel property
7/29/2009(Lac Levac)files metalurgy report for its Lac Levac nickel deposit
7/22/2009(Montauban)sells its Montauban properties
9/3/2008(Lac Levac)Doubles its Lac Levac Land Position to 200 Km(2)
5/29/2008Reports a New 43-101 Resource Estimate for its Magino Gold P...
5/15/2008(Magino)Hits 5.25 g/t of Gold Over 13.4 Metres at its Magino Gold Pr...
5/7/2008(Lac Levac)Reports a 43-101 Nickel Resource at its Lac Levac Property
4/16/2008(Lac Levac)Nickel Results Confirm Depth Extension of Deposit at its Lac...
4/11/2008(Lac Levac)hits multiple high nickel, copper and palladium grades at La...
4/8/2008(Magino)Infill Drilling at Golden Goose?s Magino Gold Property Conti...
2/13/2008(Lac Levac)Extends Lac Levac Strike Length to 750 Metres with Multiple ...
1/29/2008(Lac Levac) Hits 18.5 Metres of 1.22% Nickel at its Lac Levac Property
1/24/2008(Lac Levac) Hits 16.88 G/T Platinum Over 0.50 Metres in a 3.5-Metre Zon...
12/18/2007(Lac Levac)Completes 7,150-Metre Fall Drilling Program on its Lac Levac...
12/14/2007(Magino)Completes Phase I of Drilling on its Magino Gold Property
11/20/2007(Magino) Reports More Gold With 16.59 g/t Over 5.40 Meters
11/14/2007(Magino)Hits 36 Meters of 4.11 Grams of Gold per Tonne
10/22/2007(Lac Levac)Begins 6,000 Metre Drilling Program at its Lac Levac Nickel ...
9/14/2007(Lac Levac)Gives the Green Light to an Additional 6,000 Metres of Drill...
7/31/2007(Magino)Reports Multiple Gold Intersections From Magino Drill Progra...
7/12/2007(Lac Levac)Lac Levac Property NI 43-101 resources estimate with
5/17/2007announces New Nickel drilling results on its Lac Levac Prope...
5/4/2007(Lac Levac)intersects new 1.07% nickel over 4.0 metres at its Lac Levac...
4/20/2007(Lac Levac)intersects 17.5 metres grading 1.48% nickel at its Lac Levac...
3/9/2007 Magino Drilling Discovers New High-Grade Gold Zone
Corporate news of Golden Goose Resources Inc.
6/6/2008Grove resumes production
6/4/2008Power Supply Interruption at Golden Grove
3/4/2008Gives Sgs Lakefield The Go-Ahead for Lac Levac Metallurgical...
11/30/2007Geophysical Survey Identifies New Lateral Extension of 400 M...
11/6/2007Company Execs Online Interview
9/25/2007Graduates to Tier 1 on TSX Venture Exchange
8/7/2007V-P Exploration Joins Golden Goose Resources Inc.
6/14/2007Resignation Of A Director
5/11/2007Pinetree Capital Ltd. acquires common shares of Golden Goose...
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