MONTREAL, April 28 /CNW Telbec/ - Golden Goose Resources Inc. (TSX-V: GGR) (the "Company") is pleased to report its audited financial statements for the year ended December 31, 2008 with comparative figures for 2007.
2008 Operating results
For the year ended December 31, 2008, the Company reported a net loss of $304,227 or $0.01 per share compared to a net loss of $1,377,262 or $0.03 in 2007. The net loss for the year was reduced by the income tax recovery of $960,344 ($207,800 in 2007) as a result of renunciations in favour of the investors by the Company of tax deductions totalling $4,532,083, which was raised through the issuance of flow-through shares in 2006 and 2007.
Fourth Quarter Results of Operations
For the fourth quarter of 2008, the Company reported a net loss of $649,704 ($0.01 per share) compared with a net loss of $401,493 ($0.01 per share) for the same quarter of the preceding year. The increase in net loss is attributable the tax recovery reduction of $325,043 to reflect the final combined tax rate for the year and offset by a reduction in stock-based compensation of $119,931.
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.
"Neither TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release."