Mr. Brian Maher of Kodiak Exploration reports

GOLDEN GOOSE AND KODIAK EXPLORATION SIGN BINDING MERGER AGREEMENT

Golden Goose Resources Inc. and Kodiak Exploration Ltd. have signed a binding definitive merger agreement. Golden Goose and Kodiak have agreed to proceed with a business combination by way of a corporate arrangement pursuant to the provisions of the Companies Act of Quebec. The arrangement will effectively combine the assets of both companies on a consolidated basis, with Golden Goose Resources becoming a wholly owned subsidiary of Kodiak.

Under the terms of the definitive merger agreement between Golden Goose and Kodiak, shareholders of Golden Goose Resources will exchange their issued common shares for new common shares and warrants of Kodiak, on the basis of 1.2 new shares of Kodiak and 0.25 of a Kodiak share purchase warrant for each outstanding share of Golden Goose Resources. The Kodiak warrant is exercisable for three years at a price of 45 cents with an acceleration clause should Kodiak shares listed on the TSX Venture Exchange trade above 60 cents for 20 consecutive trading days. Upon closing the transaction, David Watkins, currently a member of the Golden Goose board of directors, will join the Kodiak board of directors.

Using a 20-day VWOP (volume-weighted opening price through Aug. 28, 2010) of 20 cents for Golden Goose shares and 21 cents for Kodiak shares, the 1.2 exchange ratio plus the fair value of the quarter share purchase warrant (three cents) produces a premium of 40 per cent for Golden Goose shareholders.

All convertible securities of Golden Goose will be exchanged for convertible securities of Kodiak on the same basis, adjusted accordingly to reflect the share exchange ratio. The completion of the arrangement is subject to standard conditions precedent applicable to statutory plans of arrangement, including standard commercial conditions precedent, approval of the common shareholders of Golden Goose, deregistration of Golden Goose shares in the United States and court approval. The transaction is scheduled to close in the fourth quarter of 2010.

A special general meeting of Golden Goose shareholders will be held early in the fourth quarter of 2010, to approve the arrangement. Golden Goose shareholders will receive an information circular setting out further details of the proposed transaction; the information circular will also be filed and made available on SEDAR.

National Bank Financial acted as financial adviser to Golden Goose on this transaction. KPMG Corporate Finance Inc. and Casimir Capital LP acted as financial advisers to Kodiak in connection with this transaction.