Golden Chief Resources, Inc.: Golden Chief Announces the Drilling of Five Wells

Golden Chief Announces the Drilling of Five Wells LEWISVILLE, TX — (MARKET WIRE) — November 29, 2006 — Golden Chief Resources, Inc. (PINKSHEETS: GCHR) (OTCBB: GCHR) was informed by the operator that they have completedthe drilling of five wells on the Ownbey Lease located in ChautauquaCounty, Kansas. Production casing was set in each well, and all

five wellsencountered the target productive zone, being the Weiser sand formation.Completion operations are expected to begin within the next two weeks,weather permitting.

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