Notice Of Appointment – Board of Directors

February 22, 2006

Release Date: February 22, 2006

Golden Opportunities Fund Inc. is pleased to confirm at the Annual General Meeting of Shareholders on February 1, 2006, shareholders approved the expansion of the Board of Directors from 7 to 9 members adding prominent community and business leaders:

• Don Ching, currently President/CEO of COGEMA Resources Inc., and past President/CEO of SaskTel and Crown Investment Corporation as well as a member of the Saskatchewan Bar Association joins the Board of Golden Opportunities Fund Inc.

• Bob Ellard, VP of Stantec Consulting Ltd. based in Regina, is a member of the Saskatchewan Association of Architects, past President of the 1995 Grey Cup, and past President of the Saskatchewan Roughriders, and was Chairman of the Board for the 2005 Canada Summer Games.

• Lori Sali, Business Manager of Construction and General Worker’s Union Local 180, based in Regina, replaces Mr. Boris Slipchuk, as a Director who previously represented the Construction and General Workers Union, Local 890. Ms. Sali is also the Chairperson for the Saskatchewan Training Trust Fund, Co-Chair of the Labourers Health and Welfare Trust Fund and a Trustee on the Labourers Pension Trust Fund.