Prodigy Gold Inc. (GOLDEN GOOSE RESOURCES) (KX3 - FWB)

[NYBob]

Golden Goose reports a new 43-101 resource estimate for its Magino gold property
Thursday May 29, 1:30 pm ET -

http://biz.yahoo.com/cnw/080529/e_goldengoose_manigo.html?.v=1

<< Innovexplo resource estimate targets new area, supplements previously known resource >>
MONTREAL, May 29 /CNW Telbec/ - Golden Goose Resources Inc. (TSX-V: GGR - News; the "Company") is pleased to report a new resource estimate for its wholly-owned Magino Mine property, located 1.5 km southwest of the Richmont/Patricia Island Gold Mine, near Wawa, Ontario. The estimate complies with National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

Prepared by Innovexplo, an independent mining and exploration consulting firm based in Val-d'Or, Quebec, the new estimate shows an inferred resource of 3.75 million tonnes grading 5.94 g/t Au at a cut-off grade of 3 g/t Au, representing over 700,000 ounces of gold. The resource lies in the area below the old Magino mine workings, at a depth of from 200 to 600 metres. The estimate is mainly based on drilling carried out since the beginning of 2006 that identified some 76 separate mineralized zones, all of which remain open at depth and along strike. The estimation method used was polygons on longitudinal section for each zone, designed based on the future underground mining potential.

"We knew our drill results were excellent, but we are still extremely impressed by the size of the resource," said Jean-Marc Lacoste, President and Chief Executive Officer of Golden Goose. "These numbers clearly demonstrate the excellent potential of the property. We will now begin work on upgrading this Inferred Resource to the Indicated category in preparation for prefeasibility."

Depending on the cut-off grade used, the new estimate shows an inferred resource below the 200-metre level as follows:

Magino Project
Innovexplo Inferred Mineral Resource

-------------------------------------------------------------------------
-------------------------------------------------------------------------
Cut-off Grade
Grade Tonnes (Au g/t) Ounces
-------------------------------------------------------------------------
-------------------------------------------------------------------------
3 g/t 3,755,600 5.94 717,227
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4 g/t 2,515,400 7.19 581,469
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5 g/t 1,880,900 8.11 490,430
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6 g/t 1,371,200 9.09 400,733
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7 g/t 959,600 10.19 314,380
-------------------------------------------------------------------------
-------------------------------------------------------------------------

The Independent and Qualified Persons for the Mineral Resource estimates
as defined by Regulation 43-101 are Carl Pelletier, B.Sc., P.Geo. and Bruno
Turcotte, M.Sc., P.Geo. (InnovExplo Inc.), and the effective date of the
estimate is May 23, 2008.

Notes:

- Mineral Resources are not Mineral Reserves having demonstrated economic
viability.
- Results are presented undiluted and in situ. The estimate included
76 gold-bearing zones and covers the Magino project area over
840 m E-W, 400 m N-S and from elevation -200m to -600m
- The resources were compiled using a cut-off grade of 3.0 g/t Au. This
cut-off must be re-evaluated in the light of the present market
conditions: gold price, exchange rate and mining cost. A fixed density
of 2.87 g/cm3 was used. A minimum of 1.6 m true width was applied,
using the grade of the adjacent material when assayed, or a value of
zero when not assayed. High grade capping was done on the raw data and
established at 40.0 g/t Au. No drill hole compositing was done.
Resources were evaluated from drill hole results using a polygonal on
longitudinal approach.
- Calculations used metric units (meter, tonnes and g/t Au).
- The company is not aware of any known environmental, permitting, legal,
title, taxation, socio-political, marketing, or other relevant issues
that could materially affect the Mineral Resource estimates.

The new resource is in addition to a near-surface resource estimated by
Snowden Mining Industry Consultants Inc. in April 2004. Snowden estimated
measured and indicated resources of 7.3 million tons grading 2.33 g/t Au for a
total of 544,000 ounces and an inferred resource of 1.2 million tons at
2.21 g/t or 84,625 ounces. All these ounces of gold lie between surface and a
depth of 200 metres. These near-surface resources were based on a cut-off
grade of 1.24 g/t Au. Snowden's mineral resource estimate was designed for
low-grade, large-volume, open-pit potential. The estimation method used was a
block model with a block size of 7.6 m x 7.6 m x 3 m. Grade models were
estimated with multiple indicator kriging and ordinary kriging.
The Snowden and Innovexplo estimates stands as follows as at May 23, 2008:

Magino Project Resources

Innovexplo resource estimate - May 2008:
----------------------------------------
Area targeted: -200 to -600 metres

-------------------------------------------------------------------------
Category Tonnes Grade Ounces
(g/t Au)
-------------------------------------------------------------------------
Inferred 3,755,600 5.94 717,227
-------------------------------------------------------------------------

Snowden resource estimate - April 2004:
---------------------------------------
Area targeted: surface to -200

-------------------------------------------------------------------------
Category Tonnes Grade Ounces
(g/t Au)
-------------------------------------------------------------------------
Measured 6,090,000 2.33 456,209
-------------------------------------------------------------------------
Indicated 1,204,000 2.27 87,871
-------------------------------------------------------------------------
Total: Measured and Indicated 7,295,000 2.33 544,080
-------------------------------------------------------------------------
Inferred 1,191,000 2.21 84,625
-------------------------------------------------------------------------

Gilles Provost, P.Geo., a Qualified Person under NI 43-101, plans and
supervises the exploration work on the Magino property and 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, platinum
group metals, 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.


For further information

Golden Goose Resources Inc.: Jean-Marc Lacoste, President, 1-888-928-4667, Fax: [phone], [e-mail]
Renmark Financial Communications Inc.: Barry Mire: [e-mail]
James Buchanan: [e-mail], [phone], Fax: [phone], www.renmarkfinancial.com
Qualified Persons under NI 43-101: Carl Pelletier, B.Sc., P.Geo., Bruno Turcotte, M.Sc., P.Geo., InnovExplo Inc., [phone], Fax: [phone], www.innovexplo.com
Gilles Provost, M.Sc.A., P.Geo., Golden Goose Resources Inc., [phone], Fax: [phone], www.goldengooseres.com


Source: GOLDEN GOOSE RESOURCES INC.

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