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Golden Goose Resources Inc.

Published : April 28th, 2008

Reports 2007 Annual Results

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Keywords :   Copper | Gold | Market | Nickel | Platinum | Recovery |

Golden Goose Resources Inc. Reports 2007 Annual Results

Montreal, Quebec - April 28th, 2008 - Golden Goose Resources Inc. (TSX-V: GGR) (the "Company") is pleased to report its audited financial statements for the year ended December 31, 2007 with comparative figures for 2006. (Complete version will be available on SEDAR www.sedar.com.) Golden Goose took advantage of the opportunities offered by the strong market in 2007 to develop the potential of the Magino gold project in Ontario and Lac Levac nickel - copper - PGM project in Quebec. The Company drilled some 10,000 metres on each of the projects, funded by $5.8 million raised during the year through private placements. Excellent drill results were obtained on both properties.

2007 Operating results
For the year ended December 31, 2007, the Company had a net loss of $1,377,262 or $0.03 per share compared with 2006's net loss of $928,898 or $0.03 per share. This increase in n et loss for the year is mainly due to an increase in general and administrative expenses from $576,082 last year to $983,436 this year. Stock-based compensation amounted to $677,142 in 2007 compared to $660,600 in 2006. Interest revenues increased from $74,459 in 2006 to $144,411 in 2007. This increase in interests earned during the year is mainly attributable to higher short-term investments balances across the year 2007 compared to 2006.

Liquidity and Capital Resources
As at December 31, 2007, total assets were at $17,062,365 compared with $11,417,458 for the previous year. Mining interests increased from $8,784,501 to $11,977,223 during the year due to exploration activities at the Magino and Lac Levac properties. Short-term investments, including exploration funds to be spent on the Company's exploration properties in Ontario and Quebec, increased from $2,300,000 to $4,200,000 due to cash flows generated by financing activities in 2007. Working capital improved, amounting to $4,044,402 at year-end compared to $2,237,389 last year. Available liquidities at year end are sufficient for 2008 exploration budget and general and administrative expenses.

Fourth Quarter Results of Operations
For the last three months of 2007, the Company reported a net loss of $401,493 (loss of $0.01 per share) compared with a net loss of $69,209 (loss of $0.01 per share) for the same quarter of the preceding year. The increase in net loss is attributable to an income tax recovery of $295,000 accounted for in the fourth quarter of last year compared to an income tax of $22,890 this year and is due to timing in flow-through shares expenditures renouncement by the Company.

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
Tel.: (514) 939-3989
Fax: (514) 939-3717
www.renmarkfinancial.com

QUALIFIED PERSON UNDER NI 43-101
MARC ANTOINE BEAUPR�, ING.
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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