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Message: GGR closes sale of Lac Levac and Lac des Montagnes to Nemaska

GGR closes sale of Lac Levac and Lac des Montagnes to Nemaska

posted on Jan 15, 2010 01:48PM

Golden Goose closes sale of Lac Levac and Lac des Montagnes nickel properties to Nemaska

	    MONTREAL, Jan. 15 /CNW Telbec/ - Golden Goose Resources Inc. (TSX-V: GGR)
(the "Company") announces that it has sold to Nemaska Exploration Inc.
("Nemaska"), the Lac Levac and Lac des Montagnes properties, located 216 km
north of Chibougamau in the James Bay area of northern Quebec.
	    The Company has received $450,000 in cash and 4,285,714 shares and
4,285,714 warrants of Nemaska. Golden Goose Resources has also received in
addition to the above, $1 million in a convertible debenture redeemable over
the next 36 months and a 2% NSR on the properties it will surrender to
Nemaska.
	    Francois Perron, President and CEO of Golden Goose, said: "This
transaction allows for value creation in the near term from both assets by
focused management teams. Our equity participation in Nemaska will allow us to
continue to participate in the upside of this project, while the proceeds of
the option will assist us in our efforts advance our Magino gold project as we
will begin the new year with more than $2 million in cash on hand and $3.1
million in securities of Nemaska (at the price of the IPO). In the coming
months, we look to continue both the exploration campaign outside the existing
resource envelope and scoping study on the existing resource envelope, which
is expected in March 2010".

	    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, platinum
group metal and nickel 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.





-30-
	    /For further information: Golden Goose Resources Inc.: Francois Perron,
President and CEO, 1-888-928-4667, Fax: 1-888-494-5371,
[email protected], www.goldengooseres.com; Renmark Financial
Communications Inc.: Dan Symons: [email protected]; Jason Roy:
[email protected]; Media - ValĂ©rie Lacasse:
[email protected], (514) 939-3989, (416) 644-2020,
www.renmarkfinancial.com/
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