Golden Goose Resources Inc. releases its first
Lac Levac Property NI 43-101 resources estimate with Nickel, Copper, Cobalt and PGM.

Montreal, Quebec - July 12, 2007 - Golden Goose Resources Inc. (TSX Venture: GGR) is pleased to announce the release of a first NI 43-101 resource estimate on its Lac Levac Nickel property, located in the James Bay region, 40 kilometres northeast of Nemiscau, Quebec.

The estimate has Indicated resources of 516,000 tonnes (t), and additional Inferred resources of 734,000 t, both grading 0.89% Ni.

TO VIEW RESOURCE ESTIMATE TABLE, PLEASE CLICK HERE.

The Lac Levac mineralized zone is part of a 4 km long by 300 m wide geophysical magnetic anomaly. The sulphide mineralization is associated with a serpentinized peridotite. The sulphides occur as massive, semi-massive (between 20 and 60% sulphides) and disseminated (less than 20% sulphides) mineralization. The main sulphides are pyrrhotite, chalcopyrite, pyrite and pentlandite. This mineralization was encountered by drilling for a distance of 450 m inside the ultramafic body. The zone of sulphide mineralization remains open at depth and along strike. The holes drilled intercepted the mineralized zone between 60 m and 210 m in depth. The Nickel-Copper-PGM mineralization is oriented 070N with a steep dip to the North West.

The estimate is based on the 2007 Winter drill program and the validation of previous drill holes realized by Inco (1960's) and Muscocho (1988). The indicated and inferred resource was calculated by the section method. The mineralization is presumed to be continuous along the main alignment (N070). For the purpose of the NI 43-101 report, 22 drill hole results, located on 10 adjoining sections, were used to make the resource estimation.

The NI 43-101 compliant report and resource estimate were done by RSW Inc. (Montreal, QC) who also provided technical oversight for the project. The report will be filed on Sedar by the end of July. 

Given the positive results of the winter 2007 drilling program, additional work is recommended by RSW Inc. on the Lac Levac property. The goals of the next drilling program will be:

• To upgrade the indicated and inferred resources to the measured category by tightening the drill grid.
• To increase the resource by drilling additional and deeper holes. 
• To explore other targets on the property.

A new exploration program with a budget of $1,474,000 is recommended to achieve these goals.

The construction of a road to the Lac Levac property was just completed to facilitate access for the additional drilling campaigns. Pictures are now available on the website at: www.goldengooseres.com  

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
President
1 Place Ville Marie, Suite2821
Mtl , Qc , H3B 4R4
Phone: 1-888-928-4667
Fax: 1-888-494-5371
website: www.goldengooseres.com

RSW Inc.
Marc Antoine Beaupr�
Eng. 
1010 De La Gaucheti�re, #500
Mtl , Qc,  H3B OA1
Phone: 514-878-2621
Fax : 514-397-0085
web site: www.rswinc.com  
Qualified person Under NI 43-101
   
Renmark Financial Communications Inc.
Barry Mire: bmire@renmarkfinancial.com
Barbara Komorowski: bkomorowski@renmarkfinancial.com
Media - Vanessa Napoli: vnapoli@renmarkfinancial.com
Tel : (514) 939-3989
Fax : (514) 939-3717
WWW.RENMARKFINANCIAL.COM