Golden Opportunities Adds Business Leaders to Board

January 17, 2007

Release Date: January 17, 2007

Saskatoon, Saskatchewan
For Immediate Release
January 17, 2006


Golden Opportunities Fund Inc. is pleased to announce at the Annual General Meeting of Shareholders dated January 5, 2007 the shareholders approved the addition of two new private sector board members, leaders in their respective communities with a wealth of business experience.

Mr. Ron Waldman is President and Chief Executive Officer of Great Western Brewing Company Limited in Saskatoon since 1994 which was chosen as one of “Canada’s 50 Best managed Companies” in 2004 and 2005. Prior to that, Mr. Waldman worked in the area of corporate finance and management consultant with KPMG in Saskatoon.

Mr. Tom Shepherd is the Senior Vice President of Dundee Realty Corporation responsible for the Land and Housing Operations of Dundee Developments and Homes in Regina. Mr. Shepherd was employed with Clarkson, Gordon & Co. where he obtained his Chartered Accountant Designation and was an Audit Manager.

Grant Kook, CEO & Chairman of the Fund indicates “the addition of Mr. Waldman of Saskatoon and Mr. Shepherd of Regina further broadens the business knowledge and expertise of our board, and compliments our current board of members who have knowledge and experience in numerous private sector businesses. These two individuals are very active in the communities in which they reside and are leading executives themselves in great Saskatchewan companies. For them to join the board of Golden Opportunities not only reaffirms what community leaders are saying about Golden Opportunities, but will be of great assistance in taking the Fund to the next level of success.”

Mr. Kook indicates ”Mr. Waldman’s and Mr. Shepherd’s backgrounds with KPMG and Clarkson, Gordon & Co. respectively, will assist in ensuring highest standard of good governance while their extensive business knowledge will be a great asset as our portfolio of companies begin to execute their exit strategies. Considering the addition last year of business leaders, Don Ching (Saskatoon), President and CEO of AREVA Resources Canada Inc., and Bob Ellard (Regina), Vice President of Stantec Consulting Ltd., Golden’s Board is filled with Saskatchewan business leaders.”

Golden Opportunities Fund Inc. is Saskatchewan’s #1 selling and investment Labour-sponsored Fund, having raised over $83 million in share capital to date from approximately 13,000 shareholders. The Fund has completed 86 investment transactions in 57 different Saskatchewan growth companies across 10 different industry sectors for diversification, impacting the future of Saskatchewan.

For additional information please contact Mr. Grant Kook, CEO/Chairman of Golden Opportunities Fund Inc. at (306) 652-5557.

Saskatchewan Financial Services Commission has neither approved nor disapproved the information contained herein.