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UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C.
20549

FORM 10-K

(Mark One)

For the fiscal year ended June 30, 2011

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

For the transition period from [    ] to
[     ]

Commission file number 333- 169757

GOLDEN GLOBAL CORP.(Exact
name of registrant as specified in its charter)

|Nevada                                                               | N/A                                 
|-------------------------------------------------------------------- | ------------------------------------
|(State or other jurisdiction of incorporation or
      organization) | (I.R.S. Employer Identification No.)
|                                                                     |                                     
|                                                                     |                                     
|                                                                     |                                     
|17412 105 Ave NW, Suite 201, Edmonton, Alberta                       | T5S 1G4                             
|(Address of principal executive offices)                             | (Zip Code)                          

|Registrant's telephone number, including area code:
      780.443.4652
|----------------------------------------------------------------------
|                                                                      
|Securities registered pursuant to Section 12(b) of the
      Act:     

|Title of Each Class | Name of Each Exchange On Which Registered
|------------------- | -----------------------------------------
|N/A                 | N/A                                      

Securities registered pursuant to Section 12(g) of the Act:

N/A(Title of class)

Indicate by check mark if the registrant is a well-known
seasoned issuer, as defined in Rule 405 the Securities Act.
Yes [ ]   No[x]

Indicate by check mark if the registrant is not required to file
reports pursuant to Section 13 or Section 15(d) of the Act Yes
[ ]   No[x]

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Indicate by check mark whether the registrant: (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports) and (2) has been subject to such
filing requirements for the last 90 days.Yes[x] No[ ]

Indicate by check mark whether the registrant has submitted
electronically and posted on its corporate Website, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405 of Regulation
S-K (§229.405 of this chapter) during the preceding 12 months (or for such
shorter period that the registrant was required to submit and post such
files).Yes [ ]   No [ ]

Indicate by check mark if disclosure of delinquent filers
pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not
contained herein, and will not be contained, to the best of registrant's
knowledge, in definitive proxy or information statements incorporated by
reference in Part III of this Form 10-K or any amendment to this Form
10-K.[ ]

Indicate by check mark whether the registrant is a large
accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller
reporting company. See definition of large accelerated filer, accelerated
filer and smaller reporting company in Rule 12b-2 of the Exchange Act.

|Large accelerated filer [ ] | Accelerated filer
    [ ]   
|--------------------------- | ----------------------------
|Non-accelerated filer [ ]   | Smaller reporting
company[x]




State the aggregate market value of voting and non-voting common
equity held by non-affiliates computed by reference to the price at which the
common equity was last sold, or the average bid and ask price of such common
equity, as of the last business day of the registrants most recently completed
second fiscal quarter.

The aggregate market value of Common Stock held by
non-affiliates of the Registrant on December 31, 2010 was $nil based on a $nil
closing price for the Common Stock on December 31, 2010. For purposes of this
computation, all executive officers and directors have been deemed to be
affiliates. Such determination should not be deemed to be an admission that such
executive officers and directors are, in fact, affiliates of the Registrant.

Indicate the number of shares outstanding of each of the
registrants classes of common stock as of the latest practicable
date.33,947,417 shares of common stock issued & outstanding as of
October 13, 2011

DOCUMENTS INCORPORATED BY
REFERENCE

None.

2

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TABLE OF CONTENTS

|Item
      1.  | Business                                                                                                                    | 4 
|-------------- | --------------------------------------------------------------------------------------------------------------------------- | --
|Item
      1A. | Risk
      Factors                                                                                                          | 8 
|Item
      1B. | Unresolved
      Staff Comments                                                                                             | 13
|Item
      2.  | Properties                                                                                                                  | 13
|Item
      3.  | Legal
      Proceedings                                                                                                     | 25
|Item
      4.  | [Removed
      and Reserved]                                                                                                | 25
|Item
      5.  | Market
      for Registrant's Common Equity and Related Stockholder Matters and Issuer
      Purchases of Equity Securities | 25
|Item
      6.  | Selected
      Financial Data                                                                                               | 26
|Item
      7.  | Managements
      Discussion and Analysis of Financial Condition and Results of Operations                                 | 26
|Item
      7A. | Quantitative
      and Qualitative Disclosures About Market Risk                                                            | 30
|Item
      8.  | Financial
      Statements and Supplementary Data                                                                           | 30
|Item
      9.  | Changes
      in and Disagreements with Accountants on Accounting and Financial
      Disclosure                            | 32
|Item
      9A. | Controls
      and Procedures                                                                                               | 32
|Item
      9B. | Other
      Information                                                                                                     | 33
|Item
      10. | Directors,
      Executive Officers and Corporate Governance                                                                | 33
|Item
      11. | Executive
      Compensation                                                                                                | 36
|Item
      12. | Security
      Ownership of Certain Beneficial Owners and Management and Related
      Stockholder Matters                  | 37
|Item
      13. | Certain
      Relationships and Related Transactions, and Director Independence                                             | 38
|Item
      14. | Principal
      Accountants Fees and Services                                                                               | 39
|Item
      15. | Exhibits,
      Financial Statement Schedules                                                                               | 39

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PART I

Item 1. Business

This annual report contains forward-looking statements. These
statements relate to future events or our future financial performance. In some
cases, you can identify forward-looking statements by terminology such as may,
should, expects, plans, anticipates, believes, estimates,
predicts, potential or continue or the negative of these terms or other
comparable terminology. These statements are only predictions and involve known
and unknown risks, uncertainties and other factors, including the risks in the
section entitled Risk Factors, that may cause our or our industrys actual
results, levels of activity, performance or achievements to be materially
different from any future results, levels of activity, performance or
achievements expressed or implied by these forward-looking statements.

Although we believe that the expectations reflected in the
forward-looking statements are reasonable, we cannot guarantee future results,
levels of activity, performance or achievements. Except as required by
applicable law, including the securities laws of the United States, we do not
intend to update any of the forward-looking statements to conform these
statements to actual results.

Our financial statements are stated in United States Dollars
(US$) and are prepared in accordance with United States Generally Accepted
Accounting Principles.

In this annual report, unless otherwise specified, all dollar
amounts are expressed in United States Dollars and all references to common
shares refer to the common shares in our capital stock.

As used in this annual report, the terms we, us, our
company, mean Golden Global Corp. a Nevada corporation, and our wholly-owned
subsidiary, Golden Global Mining Corporation, an Alberta company, unless
otherwise indicated.

Corporate History

We were incorporated on December 9, 2009 under the laws of the
State of Nevada. We have a wholly-owned subsidiary, Golden Global Mining
Corporation, incorporated under the laws of the Province of Alberta. Our
principal executive offices are located at Suite 201, 17412 105 Ave NW,
Edmonton, Alberta, T5S 1G4. Our telephone number is 780.443.4652. Our website
address is www.goldenglobal.ca.

Other than as set out herein, we have not been involved in any
bankruptcy, receivership or similar proceedings, nor have we been a party to any
material reclassification, merger, consolidation or purchase or sale of a
significant amount of assets not in the ordinary course of our business.

Our Current Business

We are a start up, exploration stage company. We have only
recently begun operations and we rely upon the sale of our securities to fund
those operations as we have not generated any revenue. We have a going concern
uncertainty as of the date of our most recent financial statements. Our initial
goal is to begin mining our placer gold claims on our McDame property located
in north central British Columbia, Canada. The McDame property consists of
placer claims #362586 and #363240, located near Cassiar, in the Liard Mining
Division of British Columbia, Canada. Our long term aim is to explore and, if
warranted, develop further mining operations on the two other properties which
we own, the Thibert Creek placer gold property and Dynasty property located
in north western British Columbia. Our McDame property is fully described in the
section of this document entitled Description of the Property.

On December 12, 2009 we entered into an asset purchase and
share exchange agreement with Velocity Resources Canada Ltd., an Alberta company
whereby we acquired mining equipment as well as the Thibert Creek and Dynasty
properties in exchange for 18,000,000 shares of our common stock which were
issued to 46 shareholders of Velocity Resources Canada Ltd. John Hope, our
President, Chief Executive Officer and Director is also the President, controlling shareholder and a Director of Velocity Resources
Canada Ltd. John Hope received 5,423,333 shares of our common stock in the
transaction. Hon Ming Tony Wong, our Chief Financial Officer, Principal
Accounting Officer, Secretary, Treasurer and Director who is also a shareholder
of Velocity Resources Canada Ltd., received 3,905,000 shares of our common
stock. The Thibert Creek and Dynasty properties are not currently material to
our operations. Although we hope to be able to explore and possibly to develop
the Thibert Creek and Dynasty properties, we have not taken any steps to do so
due to a lack of funding. Additionally, there can be no assurance that we will
ever be able to undertake any exploration or development on these properties. In
light of our limited funding, we have focused on our McDame property and will be
undertaking exploration activities there. Unless we are able to raise
substantially more funds, we will not be able to undertake work on the Thibert
Creek and Dynasty properties. Accordingly, we have not carried out any initial,
or detailed examination of the properties as would be required to estimate the
costs of an exploration or development program. As a result, we do not consider
the properties to be material to our business at this time. If the properties do
become material to our operations at a future date, we will provide all required
disclosure.

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We have not undertaken any further exploration on the McDame
property since we acquired it, but we do anticipate spending $45,000 on
exploration activity in the following 12 months and require additional financing
of $225,000 for the next 12 months of operations. We intend to meet our cash
requirements for the next 12 months through a combination of debt financing and
equity financing by way of private placements. We currently do not have any
arrangements in place to complete any private placement financings and there is
no assurance that we will be successful in completing any such financings on
terms that will be acceptable to us. If we are unable to raise sufficient
capital to carry out our business plan, we may be forced to cease operations and
you may lose your entire investment.

Competition

The mineral exploration industry is highly competitive. We are
a new exploration stage company and have a weak competitive position in the
industry. We compete with junior and senior mineral exploration companies,
independent producers and institutional and individual investors who are
actively seeking to acquire mineral exploration properties throughout the world
together with the equipment, labor and materials required to operate on those
properties. Competition for the acquisition of mineral exploration interests is
intense with many mineral exploration leases or concessions available in a
competitive bidding process in which we may lack the technological information
or expertise available to other bidders.

Many of the mineral exploration companies with which we compete
for financing and for the acquisition of mineral exploration properties have
greater financial and technical resources than those available to us.
Accordingly, these competitors may be able to spend greater amounts on acquiring
mineral exploration interests of merit or on exploring or developing their
mineral exploration properties. This advantage could enable our competitors to
acquire mineral exploration properties of greater quality and interest to
prospective investors who may choose to finance their additional exploration and
development. Such competition could adversely impact our ability to attain the
financing necessary for us to acquire further mineral exploration interests or
explore and develop our current or future mineral exploration properties.

We also compete with other junior mineral exploration companies
for financing from a limited number of investors that are prepared to invest in
such companies. The presence of competing junior mineral exploration companies
may impact our ability to raise additional capital in order to fund our
acquisition or exploration programs if investors perceive that investments in
our competitors are more attractive based on the merit of their mineral
exploration properties or the price of the investment opportunity. In addition,
we compete with both junior and senior mineral exploration companies for
available resources, including, but not limited to, professional geologists,
land specialists, engineers, camp staff, helicopters, float planes, mineral
exploration supplies and drill rigs.

General competitive conditions may be substantially affected by
various forms of energy legislation and/or regulation introduced from time to
time by the governments of the United States and other countries, as well as
factors beyond our control, including international political conditions,
overall levels of supply and demand for mineral exploration.

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In the face of competition, we may not be successful in
acquiring, exploring or developing profitable mineral properties or interests,
and we cannot give any assurance that suitable oil and gas properties or
interests will be available for our acquisition, exploration or development.
Despite this, we hope to compete successfully in the mineral exploration
industry by:

- keeping our costs low;
- relying on the strength of our managements contacts; and
- using our size and experience to our advantage by adapting quickly to
  changing market conditions or responding swiftly to potential opportunities.

Market, Customers and Distribution Methods

Although there can be no assurance, large and well capitalized
markets are readily available for all metals and precious metals throughout the
world. A very sophisticated futures market for the pricing and delivery of
future production also exists. The price for metals is affected by a number of
global factors, including economic strength and resultant demand for metals for
production, fluctuating supplies, mining activities and production by others in
the industry, and new and or reduced uses for subject metals.

The mining industry is highly speculative and of a very high
risk nature. As such, mining activities involve a high degree of risk, which
even a combination of experience, knowledge and careful evaluation may not be
able to overcome. Few mining projects actually become operating mines.

The mining industry is subject to a number of factors,
including intense industry competition, high susceptibility to economic
conditions (such as price of metal, foreign currency exchange rates, and capital
and operating costs), and political conditions (which could affect such things
as import and export regulations, foreign ownership restrictions). Furthermore,
the mining activities are subject to all hazards incidental to mineral
exploration, development and production, as well as risk of damage from
earthquakes, any of which could result in work stoppages, damage to or loss of
property and equipment and possible environmental damage. Hazards such as
unusual or unexpected geological formations and other conditions are also
involved in mineral exploration and development.

Intellectual Property

We hold copyright in the contents of our website,
www.goldenglobal.ca. However, certain materials licensed from third parties
(such as photographs, for example) may appear on our website from time to time.
We have not filed for any protection of our trademark, and we do not have any
other intellectual property.

Government Regulation

The British Columbia Ministry of Energy and Mines governs the
operations of all mines with in the province of British Columbia. The Federal
Government has jurisdiction over the Province regarding Fisheries as well as
environmental concerns.

There are significant differences in obtaining a permit for a
Placer Mine, like the McDame property, verses a permit to Hard Rock Mine. The
necessary permitting to Hard Rock Mine can take as long as three years for the
operator to become fully permitted where as Placer Mining operations takes 30 to
90 days. The reason for this is the impact Hard Rock Mining can have on the
environment and local communities verses Placer Mining. There is no dangerous
chemicals or emission required or allowed to be used in Placer Mining and they
are a much smaller operation that are usually seasonal compared to Hard Rock
Mines that are permanent requiring a large infrastructure.

The first step to be taken in Placer Mining is to have legal
possession of the land you are to mine. Then you must apply for a permit and
that application is called Notice of Work and Reclamation Program on a Placer
Property. This application is (presently) forwarded to the Regional Mines
Inspector who advises the applicant of any deficiencies if any and advises of
the amount of bonding required for reclamation. The bonding amount is usually
based on the amount of surface area disturbed and varies from location to
location. It is estimated from past experience that the bonding for the McDame
project will be somewhere between $5,000.00 and $10,000.00. The bond is used to ensure that proper reclamation takes place and
the bond will not be released until such time that is completed and approved by
the Mines Inspector.

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First Nations are also now involved in the approval of all
mining permits and have never to date declined the approval of a Placer Mining
permit. Once the Mines Inspector has approved the Notice of Work and
Reclamation Program on a Placer Property he will authorize the issuance of a
permit allowing the applicant to commence operation under the guidelines set
forth. These guidelines include but may not be limited to a closed circuit water
system for washing the material being processed and the plant and tailings ponds
100 meter distances from any streams or lakes. Tailings ponds to be constructed
as set forth in the regulations and the mines site kept in a neat and orderly
fashion allowing all equipment to work without endangering operations of one
another. There must also be certified environment fuel storage tanks on site and
limited fire-fighting equipment such as pick axes, shovels, water spray cans and
a first aid attendant with a Level One First Aid Kit, stretcher and backboard
available along with Satellite phone communication to local air ambulance and
hospitals. The reclamation may be carried out as the mining progresses or at the
end of the mining season being no later than November 1st of each year and in
the event of abandonment before equipment is removed from property. The Mines
Inspector inspects the mining operation once or twice during an operating
year.

Environmental Regulations

We are not aware of any material violations of environmental
permits, licenses or approvals that have been issued with respect to our
operations. We expect to comply with all applicable laws, rules and regulations
relating to our business, and at this time, we do not anticipate incurring any
material capital expenditures to comply with any environmental regulations or
other requirements.

While our intended projects and business activities do not
currently violate any laws, any regulatory changes that impose additional
restrictions or requirements on us or on our potential customers could adversely
affect us by increasing our operating costs or decreasing demand for our
products or services, which could have a material adverse effect on our results
of operations.

Employees

As of October 13, 2011, we have one full-time employee, our
President and CEO, John Hope. He currently contributes approximately 40 hours
per week to us. We also have one part time employee, Mr. Wong, our director,
Secretary, Treasurer Chief Financial Officer and Principal Accounting Officer,
who contributes approximately 8 hours per week to company business.

We currently engage independent contractors in the areas of
accounting and legal services. We plan to engage independent contractors in the
areas of marketing, bookkeeping, investment banking and other services including
at least 3 part time consultants who will each focus on sales and marketing,
business development and investor relations.

Research and Development

We have not spent any amounts on which have been classified as
research and development activities in our financial statements during the last
two fiscal years.

Going Concern

We anticipate that additional funding will be required in the
form of equity financing from the sale of our common stock. At this time, we
cannot provide investors with any assurance that we will be able to raise
sufficient funding from the sale of our common stock or through a loan from our
directors to meet our obligations over the next twelve months. We do not have
any arrangements in place for any future equity financing.

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Subsidiaries

We have one wholly-owned subsidiary, Golden Global Mining
Corporation, an Alberta company.

REPORTS TO SECURITY HOLDERS

We are not required to deliver an annual report to our
stockholders but will voluntarily send an annual report, together with our
annual audited financial statements upon request. We are required to file
annual, quarterly and current reports, proxy statements, and other information
with the Securities and Exchange Commission. Our Securities and Exchange
Commission filings are available to the public over the Internet at the SEC's
website at http://www.sec.gov.

The public may read and copy any materials filed by us with the
SEC at the SEC's Public Reference Room at 100 F Street, NE, Washington DC 20549.
The public may obtain information on the operation of the Public Reference Room
by calling the SEC at 1-800-SEC-0330. We are an electronic filer. The SEC
maintains an Internet site that contains reports, proxy and information
statements, and other information regarding issuers that file electronically
with the SEC. The Internet address of the site is http://www.sec.gov.

Item 1A. Risk Factors

Much of the information included in this annual report includes
or is based upon estimates, projections or other forward looking statements.
Such forward looking statements include any projections and estimates made by us
and our management in connection with our business operations. While these
forward-looking statements, and any assumptions upon which they are based, are
made in good faith and reflect our current judgment regarding the direction of
our business, actual results will almost always vary, sometimes materially, from
any estimates, predictions, projections, assumptions or other future performance
suggested herein.

Such estimates, projections or other forward looking
statements involve various risks and uncertainties as outlined below. We
caution the reader that important factors in some cases have affected and, in
the future, could materially affect actual results and cause actual results to
differ materially from the results expressed in any such estimates, projections
or other forward looking statements.

Risks Related to Our Business

We do not expect positive cash flow from operations in the
near term. If we are unable to obtain financing in the amounts and on terms
deemed acceptable to us, we may be unable to continue our business and as a
result may be required to scale back or cease operations for our
business.

We do not expect positive cash flow from operations in the near
term. There is no assurance that actual cash requirements will not exceed our
estimates. In particular, additional capital may be required in the event
that:

- drilling, exploration and completion costs for our McDame project increase
  beyond our expectations; or
- we encounter greater costs associated with general and administrative
  expenses or offering costs.

The occurrence of any of the aforementioned events could
adversely affect our ability to meet our business plans.

We will depend almost exclusively on outside capital to pay for
the continued exploration and development of our properties. Such outside
capital may include the sale of additional stock and/or commercial borrowing. We
can provide no assurances that any financing will be successfully completed.

Capital may not continue to be available if necessary to meet
these continuing development costs or, if the capital is available, that it will
be on terms acceptable to us. The issuance of additional equity securities by us
would result in a significant dilution in the equity interests of our current
stockholders. Obtaining commercial loans, assuming those loans would be
available, will increase our liabilities and future cash commitments.

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If we are unable to obtain financing in the amounts and on
terms deemed acceptable to us, we may be unable to continue our business and as
a result may be required to scale back or cease operations for our business, the
result of which would be that our stockholders would lose some or all of their
investment.

We have a limited operating history and if we are not
successful in continuing to grow our business, then we may have to scale back or
even cease our ongoing business operations.

We have no history of revenues from operations and limited
tangible assets. We have yet to generate positive earnings and there can be no
assurance that we will ever operate profitably. Our company has a limited
operating history and must be considered in the development stage. The success
of our company is significantly dependent on a successful acquisition, drilling,
completion and production program. Our companys operations will be subject to
all the risks inherent in the establishment of a developing enterprise and the
uncertainties arising from the absence of a significant operating history. We
may be unable to locate recoverable reserves or operate on a profitable basis.
We are in the development stage and potential investors should be aware of the
difficulties normally encountered by enterprises in the development stage. If
our business plan is not successful, and we are not able to operate profitably,
investors may lose some or all of their investment in our company.

Because of the early stage of development and the nature of
our business, our securities are considered highly speculative.

Our securities must be considered highly speculative, generally
because of the nature of our business and the early stage of its development. We
are engaged in the business of exploring and, if warranted, developing
commercial reserves of gold and silver. Our properties are in the exploration
stage only and are without known reserves of gold and silver. Accordingly, we
have not generated any revenues nor have we realized a profit from our
operations to date and there is little likelihood that we will generate any
revenues or realize any profits in the short term. Any profitability in the
future from our business will be dependent upon locating and developing economic
reserves of gold, silver or other minerals, which itself is subject to numerous
risk factors as set forth herein. Since we have not generated any revenues, we
will have to raise additional monies through the sale of our equity securities
or debt in order to continue our business operations.

As our properties are in the exploration and development
stage there can be no assurance that we will establish commercial discoveries on
our properties.

Exploration for mineral reserves is subject to a number of risk
factors. Few properties that are explored are ultimately developed into
producing mines. Our properties are in the exploration and development stage
only and are without proven reserves. We may not establish commercial
discoveries on any of our properties.

Because of the unique difficulties and uncertainties
inherent in mineral exploration ventures, we face a high risk of business
failure.

Potential investors should be aware of the difficulties
normally encountered by new mineral exploration companies and the high rate of
failure of such enterprises. The likelihood of success must be considered in
light of the problems, expenses, difficulties, complications and delays
encountered in connection with the exploration of the mineral properties that we
plan to undertake. These potential problems include, but are not limited to,
unanticipated problems relating to exploration, and additional costs and
expenses that may exceed current estimates. The expenditures to be made by us in
the exploration of the mineral claim may not result in the discovery of mineral
deposits. Problems such as unusual or unexpected formations and other conditions
are involved in mineral exploration and often result in unsuccessful exploration
efforts. If the results of our exploration programs do not reveal viable
commercial mineralization, we may decide to abandon our claim and acquire new
claims for new exploration. The acquisition of additional claims will be
dependent upon us possessing capital resources at the time in order to purchase
such claims. If no funding is available, we may be forced to abandon our
operations.

9

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Because of the speculative nature of exploration of mineral
properties, there is no assurance that our exploration activities will result in
the discovery of new commercially exploitable quantities of minerals.

We plan to continue exploration on our mineral properties. The
search for valuable minerals as a business is extremely risky. We can provide
investors with no assurance that additional exploration on our properties will
establish that additional commercially exploitable reserves of precious metals
on our properties. Problems such as unusual or unexpected geological formations
or other variable conditions are involved in exploration and often result in
exploration efforts being unsuccessful. The additional potential problems
include, but are not limited to, unanticipated problems relating to exploration
and attendant additional costs and expenses that may exceed current estimates.
These risks may result in us being unable to establish the presence of
additional commercial quantities of ore on our mineral claims with the result
that our ability to fund future exploration activities may be impeded.

Because we anticipate our operating expenses will increase
prior to our earning revenues, we may never achieve profitability.

Prior to completion of our exploration stage, we anticipate
that we will incur increased operating expenses without realizing any revenues.
We therefore expect to incur significant losses into the foreseeable future. We
recognize that if we are unable to generate significant revenues from the
exploration of our mineral claims, we will not be able to earn profits or
continue operations. There is no history upon which to base any assumption as to
the likelihood that we will prove successful, and we can provide no assurance
that we will generate any revenues or ever achieve profitability. If we are
unsuccessful in addressing these risks, our business will most likely fail.

Because of the inherent dangers involved in mineral
exploration, there is a risk that we may incur liability or damages as we
conduct our business.

The search for valuable minerals involves numerous hazards. As
a result, we may become subject to liability for such hazards, including
pollution, cave-ins and other hazards against which we cannot insure or against
which we may elect not to insure. At the present time we have no coverage to
insure against these hazards. The payment of such liabilities may have a
material adverse effect on our financial position.

If our exploration costs are higher than anticipated, then
our profitability will be adversely affected.

We are currently proceeding with exploration of our mineral
properties on the basis of estimated exploration costs. If our exploration costs
are greater than anticipated, then we will not be able to carry out all the
exploration of the properties that we intend to carry out. Factors that could
cause exploration costs to increase are: adverse weather conditions, difficult
terrain and shortages of qualified personnel.

As we face intense competition in the mining industry, we
will have to compete with our competitors for financing and for qualified
managerial and technical employees.

The mining industry is intensely competitive in all of its
phases. Competition includes large established mining companies with substantial
capabilities and with greater financial and technical resources than we have. As
a result of this competition, we may be unable to acquire additional attractive
mining claims or financing on terms we consider acceptable. We also compete with
other mining companies in the recruitment and retention of qualified managerial
and technical employees. If we are unable to successfully compete for financing
or for qualified employees, our exploration and development programs may be
slowed down or suspended.

As we undertake exploration of our mineral claim, we will be
subject to compliance with government regulation that may increase the
anticipated cost of our exploration program.

There are several Federal and Provincial governmental
regulations that materially restrict mineral exploration. We will be subject to
the laws of the Province of British Columbia as we carry out our exploration
programs. We may be required to obtain work permits, post bonds and perform
remediation work for any physical disturbance to the land in order to comply
with these laws. While our planned exploration program budgets for regulatory
compliance, there is a risk that new regulations could increase our costs
of doing business and prevent us from carrying out our exploration program.

10

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Any change to government regulation/administrative practices
may have a negative impact on our ability to operate and our
profitability.

The laws, regulations, policies or current administrative
practices of any government body, organization or regulatory agency in Canada or
any other jurisdiction, may be changed, applied or interpreted in a manner which
will fundamentally alter the ability of our company to carry on our
business.

The actions, policies or regulations, or changes thereto, of
any government body or regulatory agency, or other special interest groups, may
have a detrimental effect on us. Any or all of these situations may have a
negative impact on our ability to operate and/or our profitably.

Our By-laws contain provisions indemnifying our officers and
directors against all costs, charges and expenses incurred by them.

Our By-laws contain provisions with respect to the
indemnification of our officers and directors against all costs, charges and
expenses, including an amount paid to settle an action or satisfy a judgment,
actually and reasonably incurred by him, including an amount paid to settle an
action or satisfy a judgment in a civil, criminal or administrative action or
proceeding to which he is made a party by reason of his being or having been one
of our directors or officers.

Investors' interests in our company will be diluted and
investors may suffer dilution in their net book value per share if we issue
additional shares for significant amount of services or raise funds through the
sale of equity securities.

Our constating documents authorize the issuance of 75,000,000
shares of common stock with a par value of $0.0001. In the event that we are
required to issue any additional shares or enter into private placements to
raise financing through the sale of equity securities, investors' interests in
our company will be diluted and investors may suffer dilution in their net book
value per share depending on the price at which such securities are sold. If we
issue any such additional shares, such issuances also will cause a reduction in
the proportionate ownership and voting power of all other shareholders. Further,
any such issuance may result in a change in our control.

Our directors and officers are residents of countries other
than the United States and investors may have difficulty enforcing any judgments
against such persons within the United States.

Our directors and officers are nationals and/or residents of
countries other than the United States, and all or a substantial portion of such
persons assets are located outside the United States. As a result, it may be
difficult for investors to enforce within the United States any judgments
obtained against our company or our officers or directors, including judgments
predicated upon the civil liability provisions of the securities laws of the
United States or any state thereof

Mr. Wong, our CFO, Secretary, Treasurer and director, has
other time commitments that will prevent him from devoting full-time to our
operations, which may affect our operations.

Because Mr. Wong, who is responsible for some of our business
activities, does not devote his full working time to operation and management of
us, the implementation of our business plans may be impeded. Mr. Wong has other
obligations and time commitments, which may slow our operations and impact our
financial results. Additionally, when Mr. Wong becomes unable to handle the
daily operations on his own, we may not be able to hire additional qualified
personnel to replace him in a timely manner. If this event should occur, we may
not be able to implement our business plan in a timely manner or at all.

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Risks Related to the Ownership of Our Stock

Because there is no public trading market for our common
stock, you may not be able to resell your shares.

There is currently no public trading market for our common
stock. Therefore, there is no central place, such as stock exchange or
electronic trading system, to resell your shares. If you do wish to resell your
shares, you will have to locate a buyer and negotiate your own sale. As a
result, you may be unable to sell your shares, or you may be forced to sell them
at a loss.

We cannot assure you that there will be a market in the future
for our common stock. The trading of securities on the OTC Bulletin Board is
often sporadic and investors may have difficulty buying and selling our shares
or obtaining market quotations for them, which may have a negative effect on the
market price of our common stock. You may not be able to sell your shares at
their purchase price or at any price at all. Accordingly, you may have
difficulty reselling any shares you purchase from the selling security
holders.

The continued sale of our equity securities will dilute the
ownership percentage of our existing stockholders and may decrease the market
price for our common stock.

Given our lack of revenues and the doubtful prospect that we
will earn significant revenues in the next several years, we will require
additional financing of $225,000 for the next 12 months, which will require us
to issue additional equity securities. We expect to continue our efforts to
acquire financing to fund our planned development and expansion activities,
which will result in dilution to our existing stockholders. In short, our
continued need to sell equity will result in reduced percentage ownership
interests for all of our investors, which may decrease the market price for our
common stock.

We do not intend to pay dividends and there will thus be
fewer ways in which you are able to make a gain on your investment.

We have never paid dividends and do not intend to pay any
dividends for the foreseeable future. To the extent that we may require
additional funding currently not provided for in our financing plan, our funding
sources may prohibit the declaration of dividends. Because we do not intend to
pay dividends, any gain on your investment will need to result from an
appreciation in the price of our common stock. There will therefore be fewer
ways in which you are able to make a gain on your investment.

Because the SEC imposes additional sales practice
requirements on brokers who deal in shares of penny stocks, some brokers may be
unwilling to trade our securities. This means that you may have difficulty
reselling your shares, which may cause the value of your investment to
decline.

Our shares are classified as penny stocks and are covered by
Section 15(g) of the Securities Exchange Act of 1934 (the Exchange Act) which
imposes additional sales practice requirements on brokers-dealers who sell our
securities in this offering or in the aftermarket. For sales of our securities,
broker-dealers must make a special suitability determination and receive a
written agreement prior from you to making a sale on your behalf. Because of the
imposition of the foregoing additional sales practices, it is possible that
broker-dealers will not want to make a market in our common stock. This could
prevent you from reselling your shares and may cause the value of your
investment to decline.

Financial Industry Regulatory Authority (FINRA) sales
practice requirements may limit your ability to buy and sell our common stock,
which could depress the price of our shares.

FINRA rules require broker-dealers to have reasonable grounds
for believing that an investment is suitable for a customer before recommending
that investment to the customer. Prior to recommending speculative low-priced
securities to their non-institutional customers, broker-dealers must make
reasonable efforts to obtain information about the customers financial status,
tax status and investment objectives, among other things. Under interpretations
of these rules, FINRA believes that there is a high probability such speculative
low-priced securities will not be suitable for at least some customers. Thus,
FINRA requirements make it more difficult for broker-dealers to recommend that their customers buy our common stock,
which may limit your ability to buy and sell our shares, have an adverse effect
on the market for our shares, and thereby depress our share price.

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Our security holders may face significant restrictions on
the resale of our securities due to state blue sky laws.

Each state has its own securities laws, often called blue sky
laws, which (i) limit sales of securities to a states residents unless the
securities are registered in that state or qualify for an exemption from
registration, and (ii) govern the reporting requirements for broker-dealers
doing business directly or indirectly in the state. Before a security is sold in
a state, there must be a registration in place to cover the transaction, or the
transaction must be exempt from registration. The applicable broker must be
registered in that state.

We do not know whether our securities will be registered or
exempt from registration under the laws of any state. A determination regarding
registration will be made by those broker-dealers, if any, who agree to serve as
the market-makers for our common stock. There may be significant state blue sky
law restrictions on the ability of investors to sell, and on purchasers to buy,
our securities. You should therefore consider the resale market for our common
stock to be limited, as you may be unable to resell your shares without the
significant expense of state registration or qualification.

Our compliance with the Sarbanes-Oxley Act and SEC rules
concerning internal controls will be time-consuming, difficult, and costly.

It will be time-consuming, difficult and costly for us to
develop and implement the internal controls, processes and reporting procedures
required by the Sarbanes-Oxley Act. We may need to hire additional personnel to
do so, and if we are unable to comply with the requirements of the legislation
we may not be able to obtain the independent accountant certifications that the
Sarbanes-Oxley Act requires publicly traded companies to obtain.

Under Section 404 of the Sarbanes-Oxley Act and current SEC
regulations, we will be required to furnish a report by our management on our
internal control over financial reporting beginning with our Annual Report on
Form 10-K for our fiscal year ending June 30, 2011. We will soon begin the
process of documenting and testing our internal control procedures in order to
satisfy these requirements, which is likely to result in increased general and
administrative expenses and may shift managements time and attention from
revenue-generating activities to compliance activities. While we expect to
expend significant resources to complete this important project, we may not be
able to achieve our objective on a timely basis.

Other Risks

Trends, Risks and Uncertainties

We have sought to identify what we believe to be the most
significant risks to our business, but we cannot predict whether, or to what
extent, any of such risks may be realized nor can we guarantee that we have
identified all possible risks that might arise. Investors should carefully
consider all of such risk factors before making an investment decision with
respect to our common stock.

Item 1B. Unresolved Staff Comments

As a smaller reporting company, we are not required to
provide the information required by this Item.

Item 2. Properties

Our principal executive offices are located at Suite 201,
17412-105 Ave. NW, Edmonton, Alberta, Canada, T5S 1G4 and we pay rent of
approximately $1,000 per month for the use of this space. Our telephone number
is 780-443-4652 and our internet site is located at www.golden-resources.ca.

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McDame Property

Location and Access

The McDame property is located 120 kilometers north-northeast
of the town of Dease Lake, in the north-central part of British Columbia, Canada
and 140 kilometers SSW of the town of Watson Lake, Yukon. It is situated on NTS
map sheets 104P/05 (B.C. claim map 104 P, 023), at Latitude 59 degrees 16 34N,
Longitude 129 degrees 33 40W, and is centered at UTM coordinates 657000 m N
and 465000 m E, using the NAD27, Zone 9 datum point. The property consists of
two Placer leases and two Placer claims which cover a total area of
approximately 182.7 hectares.

Access to the McDame Property is by a paved all-weather road,
British Columbia Highway 37 (Stewart-Cassiar Highway) from Watson Lake, Yukon, a
distance of 140 kilometers and approximately a 2 hour drive in good weather.
Chartered flights can be made into the Cassiar airstrip located at coordinates
453738 E, 6571429 N. Commercial air service is available to Dease Lake and
Watson Lake.

The McDame property occupies part of an upland plateau ranging
between 800-1300 meters above sea level. Rising above this from 1600 to 2600
meters are the peaks and ridges of the Cassiar mountain range. Within the
plateau is the drainage basin of the Dease River. McDame Creek is a major
component of this system and flows in a general west to east direction.

The climate is characterized by short, warm summers and long,
cold winters. The mining season is anticipated to last between May 1 and
September 30, depending on weather conditions.

The property has ample water throughout the summer. Electrical
power if required can be accessed from Highway 37 or may be negotiated from the
local operating mines. There are only small villages along Highway 37 where some
food and accommodation can be found.

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15

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Ownership Interest

On May 16, 2010 we purchased placer claims #362586 and #363240,
located near Cassiar, in the Liard Mining Division of British Columbia, Canada
for a total purchase price of $20,010 (Canadian). The purchase price consisted
of an initial $10,000 (Canadian) payment in cash and 167,000 shares of our
common stock at a value of $0.03 (Canadian) and a subsequent payment of $5,000
(Canadian) to be paid by November 20, 2010, which we paid via a stock issuance
on September 27, 2010. The claims we purchased give us the right to explore,
mine and produce all minerals lying on the surface of the property. We are also
required to pay annual fees to the province of British Columbia of approximately
$600 per year per claim.

After the acquisition of placer claims #362586 and #363240, our
President and CEO, John Hope registered two additional placer leases: #776902
and #776862 in the name of our company. All four claims are physically
connected. All claims are now owned directly by us.

The total amount of land covered by the claims and leases we
own is approximately 182.7 hectares. The table below presents the details of the
McDame concessions.

Certificate Number
    Area (Hectares)
    Staking Date
    Expiration Date363240
    50
    June 7, 1998
    June 30, 2011362586
    50
    May 14, 1998
    June 30, 2011776902
    66.16
    May 20, 2010
    May 20, 2011776862
    16.54
    May 20, 2010
    May 20, 2011


History of Previous Operations*

Placer gold was first discovered in McDame Creek in 1874, as
part of the Cariboo gold rush farther south. The mining was undertaken by
individual operators using primitive shoveling and washing techniques, with some
limited drifting into the upper bench of stratified sand and gravel.

Most of the historical gold was recovered from the lower bench
on the north side of McDame Creek. The richest ground was the low ground of a
series of tributary creeks which covered a stretch of ground from Quartz Creek
downstream for 20 kilometers to the old town of Centreville. However, on the
Second North Fork (approximately 9 kilometers downstream from our McDame
property claims), a tunnel was driven for 160 meters into the old upper channel.
Small dredging operations were carried out on McDame Creek around Centreville in
the 1920s, with some success. A small amount of hydraulic mining (cutting and
washing of stratified sand and gravel using high pressure water lines) was
carried out up-stream at Quartz Creek.

In the early 1930s there was still a large area of untested
ground in the creek bed where it cuts across the old channel above old workings.
The ground was wet and was considered to need drainage prior to being tested.
Since the 1930s only intermittent placer mining operations have been carried out
in these creeks.

*The historical information contained in this section of the
Prospectus may be found in Bulletin 28 Placer Gold Production of British
Columbia by Stuart S. Hall. Galloway J.D., 1932 Annual Report of Mines of the
Province of British Columbia, for the year ending 31stDecember 1931.

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18

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Present Condition of the Property and Current State of
Exploration

In the summer of 2009 a test program was undertaken by the
propertys previous owner on the McDame area. An area of approximately 90 m long
X 6.5 m wide X 3 m deep was mined. This area lies 400 m north of Hwy. 37, in a
gorge with a small stream (Deepe Creek) and some old placer workings in it.

We have not undertaken any further exploration on the property
since we acquired it, but we do anticipate spending $45,000 on exploration
activity in the following 12 months.

We have recently moved a processing plant, water pump,
excavator, wheel loader and a fuel truck onto the McDame property in
anticipation of further development and exploration on the property. The
property also has a tailings pond area that was used by previous owners and we
plan to expand to accommodate our operations.

Geology

The McDame Project is underlain by rocks of the Sylvester
allochthon, an accreted late Paleozoic to early Mesozoic oceanic terrane. It is
comprised of volcanic, sedimentary, and ultramafic rocks of the Mississippian to
Triassic Sylvester Group (see diagram below). The allochthon was emplaced onto
autochthonous rocks of the North American miogeocline after the Triassic and
prior to the mid-Cretaceous; later it was intruded by mid- to Late Cretaceous
quartz monzonite of the Cassiar Complex. Gold quartz vein mineralization
occurred in the Early Cretaceous.

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20

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No detailed mapping has been carried out on the McDame Project.
However, a compilation report by Nelson and Bradford (see diagram below)
indicates that this site is in close proximity to the contact between
Pennsylvanian to Permian basalt flows and tuffs and Mississippian unit
containing basalt, diabase, chert, argillite, calcarenite, sandstone and
conglomerate.

The McDame Creek valley is a broad drift-covered trough with a
gentle northeast slope. Outcrops are scarce in the valley. Riverbanks are
composed of stratified river sands and gravels of Pleistocene and post-glacial
origin. Remnants of high terraces occur on both banks. At least three distinct
bench flats are observed. These benches occur at 2880 ft, 3130 ft and 3400 ft.
Most of the gold was recovered from the lowest bench. The stratified gravels
consist of greenstone, serpentinite and granitic rock types. They range from 30
to 60 cm in diameter, particularly immediately above the bedrock, and are
interstratified with layers of sand.

In the Quartz Creek area (upstream from the property)
unstratified glacial debris 5 to 6 m thick overlies a layer of stratified gravel
from 2.5 to 4 m thick which itself lies on bedrock. Above these two layers can
be seen a 2 m thick unit of stratified interglacial gravel, on top of which lies
Recent alluvium. The third (highest) bench can be traced along the north side of
McDame Creek. Old channels of McDame Creek, represented by these three benches,
occupied a higher elevation than the current stream.

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22

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Plan of Exploration

We have conducted initial exploration investigation during the
summer and fall of 2011. We intend to conduct initial exploration on the McDame
property by the spring/summer of 2012 as weather conditions allow. Exploration
will continue on the McDame property in 2012. We have allocated $45,000 as a
budget for this program, which will involve test holes to advance and better
define the reserves and grade of the property. This program is a one phase
program consisting of an excavator, bulldozer testing plant, geologist, two
equipment operators and one labourer for one month. The anticipated program
costs are broken down as follows:

Operations
    Cost ($)2 equipment operators
    10,0001 general laborer
    3,5001 Geologist
    15,000Rental fee for a bulldozer
    10,000Fuel and miscellaneous
    6,500Total
    45,000


We own a testing plant and excavator which are already on the
property, so we will not incur additional costs for these items. This is the
projected plan recommended by the Directors and Officers of the Company based on
cost estimates prepared by John Hope, our President, CEO and Director. The
estimates were prepared based on prevailing labor and equipment costs and
exploration standards in the Canadian mining industry. The estimates are based
on Mr. Hopes personal analysis and not on third party statistics or evidence.
Mr. Hope will be supervising the testing program. We anticipate that we will
engage Mr. Duncan J. Bain, Ph. D. P. Geo. a graduate of the University of
Western Ontario in London, Canada to guide our exploration and development
activities as Mr. Bain has been involved in drafting a report on this property
for us. Mr. Bain received a Bachelor of Science degree in Geology in 1977 and
received a Ph. D. in Geology from the University of Western Ontario in 2010. Mr.
Bain is also a Fellow of the Geological Association of Canada, a member of the
Prospectors and Developers Association of Canada for more than 20 years, and has
practiced continuously as an exploration, development and mine Geologist since
graduating in 1977.

Glossary of Technical Terms

Term
    DefinitionAllochton
    A rock mass formed somewhere other than its present
      location, which was transported by fault movements, large-scale gravity
      sliding, or similar processesAlluvium
    sediment deposited by flowing water, especially soil
      formed in river valleys and deltas from material washed down by the riverArgillite
    rock that is made up of clay or silt particles,
      especially a hardened mudstone


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Term
    DefinitionAutochthonous
    describes a rock, mineral deposit, or geologic feature
      that was formed in the area where it is foundBasalt
    a dark-green or black rock formed when hot liquid rock
      from a volcano becomes solidCalcarenite
    a rock formed by the percolation of water through a
      mixture of calcareous shell fragments and quartz sand causing the
      dissolved lime to cement the mass togetherChert
    a very hard and resistant microcrystalline variety of
      quartz, SiO2. It is extremely resistant to weathering and remains in the
      soil that forms from the weathering of dolomite. As the soils are eroded
      and washed away, the chert remains or gets washed into the streams as
      gravel bars.Conglomerate
    a rock consisting of individual rock formations within a
      finer-grained matrix that have become cemented together. Conglomerates are
      sedimentary rocks consisting of rounded fragments and are thus
      differentiated from breccias, which consist of angular clastsCretaceous
    The Cretaceous Period is one of the major divisions of
      the geologic timescale, reaching from the end of the Jurassic Period (i.e.
      from 145.5 ± 4.0 million years ago (Ma)) to the beginning of the Paleocene
      epoch of the Tertiary Period (about 65.5 ± 0.3 Ma).Diabase
    a mafic, subvolcanic rock equivalent to volcanic basaltGreenstone
    a green igneous rock containing the minerals feldspar and
      hornblendeJurassic
    The Jurassic Period is a major unit of the geologic
      timescale that extends from about 199.6 ± 0.6 Ma (million years ago) to
      145.4 ± 4.0 Ma, the end of the Triassic to the beginning of the
      Cretaceous.Mesozoic
    the era of geologic time, 248 million to 65 million years
      ago, during which dinosaurs, birds, and flowering plants first appearedMiogeocline
    An association chiefly of carbonates, shales, and clean
      sand-stones, with an absence of volcanics. These sediments are thought to
      have formed in shallow water on a continental margin.Monzonite
    rock that contains abundant and approximately equal
      amounts of plagioclase and potash feldspar; it also contains subordinate
      amounts of biotite and hornblende, and sometimes minor quantities of
      orthopyroxene.Paleozoic
    the era of geologic time, about 570 million to 248
      million years ago, during which fish, insects, amphibians, reptiles, and
      land plants first appearedPleistocene
    the epoch of geologic time, about 1.6 million to 10,000
      years ago, characterized by the disappearance of continental ice sheets
      and the appearance of humansQuartz
    a common, hard, usually colorless, transparent
      crystalline mineral with colored varietiesSandstone
    a sedimentary rock made up of particles of sand bound
      together with a mineral cement


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Term
    DefinitionSerpentinite
    composed of minerals of the serpentine group. It forms by
      regional metamorphism of deep-sea rocks from the oceanic mantleStrata
    layers of sediment or layers of sedimentary rock.Terrane
    short-hand term for a tectonostratigraphic terrane, which
      is a fragment of crustal material formed on, or broken off from, one
      tectonic plate and accreted or "sutured" to crust lying on another plate.Triassic
    the period of geologic time, 248 million to 206 million
      years ago, during which reptiles flourished and dinosaurs and evergreen
      forests first appearedUltramafic
    also referred to as ultrabasic, rocks are rocks
      with very low silica content (less than 45%), generally >18% MgO, high
      FeO, low potassium, and are composed of usually greater than 90% mafic
      minerals (dark colored, high magnesium and iron content). The Earth's
      mantle is composed of ultramafic rocks.


Item 3. Legal Proceedings

We know of no material, existing or pending legal proceedings
against us, nor are we involved as a plaintiff in any material proceeding or
pending litigation. There are no proceedings in which any of our directors,
officers or affiliates, or any registered or beneficial shareholder, is an
adverse party or has a material interest adverse to our company.

Item 4. [Removed and Reserved]

PART II

Item 5. Market for Registrant's Common Equity and Related
Stockholder Matters and Issuer Purchases of Equity Securities

Our common stock is not traded on any exchange. We intend to
engage a market maker to apply to have our common stock quoted on the OTC
Bulletin Board once this Registration Statement has been declared effective by
the SEC; however, there is no guarantee that we will obtain a listing.

There is currently no trading market for our common stock and
there is no assurance that a regular trading market will ever develop. OTC
Bulletin Board securities are not listed and traded on the floor of an organized
national or regional stock exchange. Instead, OTC Bulletin Board securities
transactions are conducted through a telephone and computer network connecting
dealers. OTC Bulletin Board issuers are traditionally smaller companies that do
not meet the financial and other listing requirements of a regional or national
stock exchange.

To have our common stock listed on any of the public trading
markets, including the OTC Bulletin Board, we will require a market maker to
sponsor our securities. We have not yet engaged any market maker to sponsor our
securities and there is no guarantee that our securities will meet the
requirements for quotation or that our securities will be accepted for listing
on the OTC Bulletin Board. This could prevent us from developing a trading
market for our common stock.

On October 13, 2011, the list of stockholders for our shares of
common stock showed 112 registered stockholders and 33,947,417 shares of common
stock outstanding.

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Dividends

We have not declared any dividends on our common stock since
the inception of our company on December 9, 2009. There is no restriction in our
Articles of Incorporation and Bylaws that will limit our ability to pay
dividends on our common stock. However, we do not anticipate declaring and
paying dividends to our shareholders in the near future.

Equity Compensation Plan Information

As of June 30, 2011, we have not adopted an equity compensation
plan under which our common stock is authorized for issuance.

Purchase of Equity Securities by the Issuer and Affiliated
Purchasers

We did not purchase any of our shares of common stock or other
securities during the year ended June 30, 2011.

Recent Sales of Unregistered Securities

None.

Item 6. Selected Financial Data

As a smaller reporting company, we are not required to
provide the information required by this Item.

Item 7. Managements Discussion and Analysis of Financial
Condition and Results of Operations

The following discussion should be read in conjunction with our
audited financial statements and the related notes for the years ended June 30,
2011 and June 30, 2010 that appear elsewhere in this annual report. The
following discussion contains forward-looking statements that reflect our plans,
estimates and beliefs. Our actual results could differ materially from those
discussed in the forward looking statements. Factors that could cause or
contribute to such differences include, but are not limited to those discussed
below and elsewhere in this registration statement, particularly in the section
entitled "Risk Factors" beginning on page 8 of this annual report.

Our consolidated audited financial statements are stated in
Canadian Dollars and are prepared in accordance with United States Generally
Accepted Accounting Principles.

Plan of Operation

Not accounting for our working capital of $738, we require
additional funds of approximately $225,000 at a minimum to proceed with our plan
of operation over the next twelve months. As we do not have the funds necessary
to cover our projected operating expenses for the next twelve month period, we
will be required to raise additional funds through the issuance of equity
securities, through loans or through debt financing. There can be no assurance
that we will be successful in raising the required capital or that actual cash
requirements will not exceed our estimates. We intend to fulfill any additional
cash requirement through the sale of our equity securities.

If we are not able to obtain the additional financing on a
timely basis, if and when it is needed, we will be forced to scale down or
perhaps even cease the operation of our business.

Capital Expenditures

We do not intend to invest significant funds in capital
expenditures during the twelve-month period ending June 30, 2012.

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General and Administrative Expenses

We expect to spend $225,000 during the twelve-month period
ending June 30, 2012 on general and administrative expenses including legal and
auditing fees, rent, office equipment and other administrative related expenses.

Product Research and Development

We do not anticipate expending any funds on research and
development, manufacturing and engineering over the twelve months ending June
30, 2011.

Purchase of Significant Equipment

We do not intend to purchase any significant equipment over the
twelve months ending June 30, 2012.

Results of Operations for the Years Ended June 30, 2011 and
2010

The following summary of our results of operations should be
read in conjunction with our audited financial statements for the years ended
June 30, 2011 and 2010.

Our operating results for the years ended June 30, 2011 and
2010 are summarized as follows:

Year EndedJune 302011
    
    
    2010Revenue
    $
    Nil
    
    $
    NilOperating Expenses
    $
    295,921
    
    $
    45,139Net Loss
    $
    (295,898
    )
    $
    (45,139
    )


Revenues

We have not earned revenues since our inception.

Operating Expenses

Our operating expenses for the year ended June 30, 2011 and
June 30, 2010 are outlined in the table below:

Year EndedJune 302011
    
    
    2010Administration fees
    $
    33,975
    
    $
    8,400Consulting fees
    $
    21,775
    
    $
    18,232Dividend  on preferred shares
    $
    3,131
    
    $
    -Depreciation
    $
    42,950
    
    $
    17,384Professional fees
    $
    42,706
    
    $
    308Office and general
    $
    135,696
    
    $
    815Travel expenses
    $
    15,688
    
    $
    -


The increase in operating expenses for the year ended June 30,
2011, compared to fiscal 2010, was mainly due to the fact that our 2010 fiscal
year spanned only the period from our inception on December 9, 2009 to June 30,
2010 and that the first few months of our operations were mainly administrative
in nature.

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Liquidity and Financial Condition

As of June 30, 2011, our total assets were $219,101, our total
liabilities were $34,418 and we had working capital of $738. Our financial
statements report a net loss of $295,898 for the year ended June 30, 2011, and a
net loss of $337,906 for the period from December 9, 2009 (date of inception) to
June 30, 2011.

We have suffered recurring losses from operations. The
continuation of our company is dependent upon our company attaining and
maintaining profitable operations and raising additional capital as needed. In
this regard we have raised additional capital through equity offerings and loan
transactions.

Cash FlowsAt
    
    
    AtJune 30, 2011
    
    
    June 30, 2010Net Cash (Used in) Operating Activities
    $
    (226,506
    )
    $
    (38,547
    )Net Cash Provided by (Used In) Investing Activities
    $
    (50,935
    )
    $
    (10,000
    )Net Cash Provided by Financing Activities
    $
    159,033
    
    $
    196,788Cash (decrease) increase during the year
    $
    (118,408
    )
    $
    148,241


We had cash in the amount of $29,833 as of June 30, 2011 as
compared to $148,241 as of June 30, 2010. We had a working capital surplus of
$738 as of June 30, 2011 compared to working capital surplus of $158,695 as of
June 30, 2010.

Our principal sources of funds have been from sales of our
common stock and our subsidiarys preferred shares.

Anticipated Cash Requirements

We estimate that our expenses over the next 12 months will be
approximately $225,000 as described in the table below. These estimates may
change significantly depending on the nature of our future business activities
and our ability to raise capital from shareholders or other sources.

Description
    Estimated Completion Date
    Estimated Expenses ($)Legal and accounting fees
    12 months
    70,000Exploration expenses
    12 months
    40,000Investor relations and capital raising
    12 months
    5,000Management and operating costs
    12 months
    45,000Salaries and consulting fees
    12 months
    35,000Fixed asset purchases
    12 months
    10,000General and administrative expenses
    12 months
    20,000Total
    
    225,000


We intend to meet our cash requirements for the next 12 months
through a combination of debt financing and equity financing by way of private
placements. We currently do not have any arrangements in place to complete any
private placement financings and there is no assurance that we will be
successful in completing any such financings on terms that will be acceptable to
us.

If we are not able to raise the full $225,000 to implement our
business plan as anticipated, we will scale our business development in line
with available capital. Our primary priority will be to retain our reporting
status with the SEC which means that we will first ensure that we have
sufficient capital to cover our legal and accounting expenses. Once these costs
are accounted for, in accordance with how much financing we are able to secure,
we will focus on product acquisition, testing and servicing costs as well as
marketing and advertising of our products. We will likely not expend funds on
the remainder of our planned activities unless we have the required capital.

28

---

Contractual Obligations

As a smaller reporting company, we are not required to
provide tabular disclosure obligations.

Going Concern

The consolidated audited financial statements included with
this annual report have been prepared on the going concern basis which assumes
that adequate sources of financing will be obtained as required and that our
assets will be realized and liabilities settled in the ordinary course of
business. Accordingly, the audited financial statements do not include any
adjustments related to the recoverability of assets and classification of assets
and liabilities that might be necessary should we be unable to continue as a
going concern.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements that have or are
reasonably likely to have a current or future effect on our financial condition,
changes in financial condition, revenues or expenses, results of operations,
liquidity, capital expenditures or capital resources that is material to
stockholders.

APPLICATION OF CRITICAL ACCOUNTING POLICIES

Our consolidated audited financial statements and accompanying
notes are prepared in accordance with generally accepted accounting principles
used in the United States. Preparing financial statements requires management to
make estimates and assumptions that affect the reported amounts of assets,
liabilities, revenue, and expenses. These estimates and assumptions are affected
by management's application of accounting policies. We believe that
understanding the basis and nature of the estimates and assumptions involved
with the following aspects of our consolidated financial statements is critical
to an understanding of our financials.

Fair Value Measurements

The Company follows FASB ASC 820, Fair Value Measurements and
Disclosures, for all financial instruments and non-financial instruments
accounted for at fair value on a recurring basis. This accounting standard
established a single definition of fair value and a framework for measuring fair
value, sets out a fair value hierarchy to be used to classify the source of
information used in fair value measurement and expands disclosures about fair
value measurements required under other accounting pronouncements. It does not
change existing guidance as to whether or not an instrument is carried at fair
value. The Company defines fair value as the price that would be received from
selling an asset or paid to transfer a liability in an orderly transaction
between market participants at the measurement date. When determining the fair
value measurements for assets and liabilities, which are required to be recorded
at fair value, the Company considers the principal or most advantageous market
in which the Company would transact and the market-based risk measurements or
assumptions that market participants would use in pricing the asset or
liability, such as inherent risk, transfer restrictions and credit risk. The
Company has adopted FASB ASC 825, Financial Instruments, which allows companies
to choose to measure eligible financial instruments and certain other items at
fair value that are not required to be measured at fair value. The Company has
not elected the fair value option for any eligible financial instruments.

Use of estimates

The preparation of financial statements in conformity with
generally accepted accounting principles requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenue and expenses during the reporting
period. Management makes its best estimate of the ultimate outcome for these
items based on historical trends and other information available when the
financial statements are prepared. Changes in estimates are recognized in
accordance with the accounting rules for the estimate, which is typically in
the period when new information becomes available to
management. Actual results could differ from those estimates.

29

---

Basic and Diluted Net Income (Loss) Per Share

The Company computes net loss per share in accordance with FASB
ASC Topic 260, Earnings Per Share. This topic requires presentation of
both basic and diluted earnings per share (EPS) on the face of the income
statement. Basic loss per share is computed by dividing net loss available to
common shareholders by the weighted average number of common shares outstanding
during the year. Diluted EPS gives effect to all dilutive potential common
shares outstanding during the year including stock options, using the treasury
stock method, and convertible preferred stock, using the if-converted method. In
computing diluted EPS, the average stock price for the year is used in
determining the number of shares assumed to be purchased from the exercise of
stock options or warrants. Diluted EPS excludes all dilutive potential common
shares if their effect is anti dilutive.

Equipment

Property, plant and equipment are stated at cost less
accumulated depreciation and amortization. Depreciation is computed using the
straight-line method based upon the useful lives of the assets, estimated to be
5 years. Improvements and betterments are capitalized if they extend the useful
life of the asset. Repair and maintenance costs are charged to expense as
incurred. Gain (loss) related to retirement or disposition of fixed assets is
recognized in the period which the gain (loss) occurs.

Impairment of long-lived assets

The Company evaluates the recoverability of the net carrying
value of its equipment and identifiable intangible assets with definite lives,
whenever certain events or changes in circumstances indicate that the carrying
amount of these assets may not be recoverable, by comparing the carrying values
to the estimated future undiscounted cash flows. A deficiency in cash flows
relative to the carrying amounts is an indication of the need for a write-down
due to impairment. The impairment write-down would be the difference between the
carrying amounts and the fair value of these assets. A loss on impairment would
be recognized as a charge to earnings.

Preferred shares of subsidiary.

Golden Global Mining Corporation, the Companys wholly owned
subsidiary, issued preferred shares which have been classified as equity in
their financial statements. In these statements, the financial instruments have
been classified as noncontrolling interests and dividends paid on behalf of the
preferred shares have been recorded as a charge against income.

RECENT ACCOUNTING PRONOUNCEMENTS

The Company adopts new pronouncements relating to generally
accepted accounting principles applicable to the Company as they are issued,
which may be in advance of their effective date. Management does not believe
that any recently issued, but not yet effective accounting standards, if
currently adopted, would have a material effect on the accompanying financial
statements.

With the exception of the pronouncements noted above, no other
accounting standards or interpretations issued or recently adopted are expected
to have a material impact on our companys financial position, operations or
cash flows.

Item 7A. Quantitative and Qualitative Disclosures About
Market Risk

As a smaller reporting company, we are not required to
provide the information required by this Item.

Item 8. Financial Statements and Supplementary Data

Our consolidated audited financial statements are stated in
United States dollars (US$) and are prepared in accordance with United States
Generally Accepted Accounting Principles.

30

---

|GOLDEN GLOBAL CORP.              
|---------------------------------
|(An Exploration Stage Company)   
|Consolidated Financial Statements
|Stated in Canadian Dollars       
|June 30, 2011                    

Index

|Report
      of Independent Registered Public Accounting Firm | F-1        
|------------------------------------------------------------- | -----------
|Consolidated
      Balance Sheets                             | F-2        
|Consolidated
      Statements of Operations                   | F-3        
|Consolidated
      Statements of Cash Flows                   | F-4        
|Consolidated
      Statement of Stockholders Equity          | F5
      -6
|Notes
      to the Consolidated Financial Statements          | F7-16      

31

---



REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING
FIRM

To the Stockholders, Golden Global Corp.:

I have audited the accompanying consolidated balance sheet of
Golden Global Corp. (an Exploration Stage Company) as of June 30, 2011 and 2010
and the related consolidated statements of operations, stockholders' equity and
cash flows for the years ended June 30, 2011 and 2010 and for the period from
inception, December 9, 2009 to June 30, 2011. These financial statements are the
responsibility of the Company's management. My responsibility is to express an
opinion on these financial statements based on my audit.

I conducted my audit in accordance with the standards of the
Public Company Accounting Oversight Board (United States of America). Those
standards require that I plan and perform an audit to obtain reasonable
assurance whether the financial statements are free of material misstatement. An
audit includes examining on a test basis, evidence supporting the amounts and
disclosures in the financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well
as evaluating the overall financial statement presentation. We believe that our
audit provides a reasonable basis for our opinion.

In my opinion, these consolidated financial statements present
fairly, in all material respects, the consolidated financial position of the
Company as of June 30, 2011 and June 30, 2010 and the consolidated results of
its operations, changes in its cash flows and changes in equity for the years
ended June 30, 2011 and June 30, 2010 and for the period from inception,
December 9, 2009 to June 30, 2011 in conformity with accounting principles
generally accepted in the United States of America.

The accompanying consolidated financial statements have been
prepared using accounting principles generally accepted in the Unites States of
America assuming that the Company will continue as a going concern. As discussed
in Note 1 to the financial statements, the Company had not yet achieved
profitable operations and expects to incur further losses in the development of
its business, all of which casts substantial doubt about the Companys ability
to continue as a going concern. Managements plans in regard to their planned
financing and other matters are also described in Note 1. The financial
statements do not include any adjustments that might result from the outcome of
this uncertainty.

|North Vancouver, Canada     | K R. MARGETSON LTD.      
|--------------------------- | ----------------------------
|October 13, 2011            | Chartered Accountant        
|                            |                             
|331 East 5thStreet          | Telephone: 604.929.0819     
|North Vancouver, BC V7L 1M1 | Facsimile: 1.877.874.9583   
|CANADA                      | E-Mail: info@krmargetson.com

F-1

---

|GOLDEN GLOBAL CORP.            
|-------------------------------
|(An Exploration Stage Company  
|Consolidated Balance Sheets    
|June 30, 2011 and June 30, 2010
|                               
|Stated In Canadian Dollars     

|                                                                                                                                                                                                                                      |   | June 30, |   |   | June 30, |  
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | - | -------- | - | - | -------- | -
|                                                                                                                                                                                                                                      |   | 2011     |   |   | 2010     |  
|ASSETS                                                                                                                                                                                                                                |   |          |   |   |          |  
|Current                                                                                                                                                                                                                               |   |          |   |   |          |  
|Cash and cash
      equivalents                                                                                                                                                                                                       | $ | 29,833   |   | $ | 148,241  |  
|Sales tax receivable                                                                                                                                                                                                                  |   | 4,814    |   |   | 100      |  
|Prepaid expenses                                                                                                                                                                                                                      |   | -        |   |   | 11,000   |  
|Total current assets                                                                                                                                                                                                                  |   | 34,647   |   |   | 159,341  |  
|Property and equipment                                                                                                                                                                                                                |   |          |   |   |          |  
|Equipment (Note
      3)                                                                                                                                                                                                              |   | 154,417  |   |   | 156,457  |  
|Mineral properties, unproven
      (Note 4)                                                                                                                                                                                           |   | 30,037   |   |   | 2        |  
|Deposit on
      mineral properties                                                                                                                                                                                                   |   | -        |   |   | 10,000   |  
|Total property and equipment                                                                                                                                                                                                          |   | 184,454  |   |   | 166,459  |  
|Total Assets                                                                                                                                                                                                                          | $ | 219,101  |   | $ | 325,800  |  
|                                                                                                                                                                                                                                      |   |          |   |   |          |  
|LIABILITIES                                                                                                                                                                                                                           |   |          |   |   |          |  
|Current                                                                                                                                                                                                                               |   |          |   |   |          |  
|Accounts payable
      and accrued liabilities                                                                                                                                                                                        | $ | 17,333   |   | $ | 308      |  
|Due to related parties
    (Note 5)                                                                                                                                                                                                   |   | 16,576   |   |   | 338      |  
|Total Liabilities                                                                                                                                                                                                                     |   | 33,909   |   |   | 646      |  
|Going concern (Note 1)                                                                                                                                                                                                                |   |          |   |   |          |  
|STOCKHOLDERS' EQUITY                                                                                                                                                                                                                  |   |          |   |   |          |  
|Capital Stock (Note 6)
      
             Authorized:
                 
       75,000,000 with a par value of $0.0001
              Outstanding but not issued
                  
      34,222,417 common stock (33,020,000 in 2010) |   | 3,422    |   |   | 3,302    |  
|Additional paid in capital                                                                                                                                                                                                            |   | 446,843  |   |   | 366,991  |  
|Deficit accumulated during the exploration stage                                                                                                                                                                                      |   | (337,906 | ) |   | (45,139  | )
|Equity attributable to shareholders                                                                                                                                                                                                   |   | 112,359  |   |   | 325,154  |  
|Equity attributable to noncontrolling interest                                                                                                                                                                                        |   | 72,833   |   |   | -        |  
|Total Stockholders' Equity                                                                                                                                                                                                            |   | 185,192  |   |   | 325,154  |  
|Total Liabilities and Stockholders' Equity                                                                                                                                                                                            | $ | 219,101  |   | $ | 325,800  |  

See Accompanying Notes

F-2

---

|GOLDEN GLOBAL CORP.                                                   
|----------------------------------------------------------------------
|(An Exploration Stage Company                                         
|Consolidated Statements of Operations                                 
|For the year ended June 30, 2011,                                     
|For the period from December 9, 2009 to June 30, 2010 and             
|For the period from Inception, December 9, 2009 to June 30,
      2011
|                                                                      
|Stated In Canadian Dollars                                            

|                                              |   |                     |   |   | From                |   |   | From                |  
|--------------------------------------------- | - | ------------------- | - | - | ------------------- | - | - | ------------------- | -
|                                              |   |                     |   |   | December 9,         |   |   | December 9,         |  
|                                              |   | For the Year        |   |   | 2009                |   |   | 2009                |  
|                                              |   | ended               |   |   | (Inception) to      |   |   | (Inception) to      |  
|                                              |   | June
      30, 2011 |   |   | June
      30, 2010 |   |   | June
      30, 2011 |  
|                                              |   |                     |   |   |                     |   |   |                     |  
|Expenses                                      |   |                     |   |   |                     |   |   |                     |  
|Administration
      fees                     | $ | 33,975              |   | $ | 8,400               |   | $ | 42,375              |  
|Consulting fees                               |   | 21,775              |   |   | 18,232              |   |   | 40,007              |  
|Dividend on
      preferred shares            |   | 3,131               |   |   | -                   |   |   | 3,131               |  
|Depreciation                                  |   | 42,950              |   |   | 17,384              |   |   | 60,334              |  
|Professional
      fees                       |   | 42,706              |   |   | 308                 |   |   | 43,014              |  
|Office and general                            |   | 135,696             |   |   | 815                 |   |   | 136,511             |  
|Travel expenses                               |   | 15,688              |   |   | -                   |   |   | 15,688              |  
|                                              |   | (295,921            | ) |   | (45,139             | ) |   | (341,060            | )
|Other Items                                   |   |                     |   |   |                     |   |   |                     |  
|Interest income                               |   | 23                  |   |   | -                   |   |   | 23                  |  
|                                              |   | 23                  |   |   | -                   |   |   | 23                  |  
|Net loss and comprehensive loss for period    |   | (295,898            | ) |   | (45,139             | ) |   | (341,037            | )
|Attributed to noncontolling interest          |   | 3,131               |   |   | -                   |   |   | 3,131               |  
|                                              |   |                     |   |   |                     |   |   |                     |  
|Attributed to common stockholders             | $ | (292,767            | ) | $ | (45,139             | ) | $ | (337,906            | )
|                                              |   |                     |   |   |                     |   |   |                     |  
|Basic and diluted income (loss) per share     | $ | (0.009              | ) | $ | (0.001              | ) |   |                     |  
|Weighted average number of shares outstanding |   | 33,748,564          |   |   | 33,045,616          |   |   |                     |  

See Accompanying Notes

F-3

---

|GOLDEN GLOBAL CORP.                                                   
|----------------------------------------------------------------------
|(An Exploration Stage Company                                         
|Consolidated Statements of Cash Flows                                 
|For the year ended June 30, 2011,                                     
|For the period from December 9, 2009 to June 30, 2010 and             
|For the period from Inception, December 9, 2009 to June 30,
      2011

|Stated In Canadian Dollars                                                                |   |              |   |   |              |   |   |                     |  
|----------------------------------------------------------------------------------------- | - | ------------ | - | - | ------------ | - | - | ------------------- | -
|                                                                                          |   |              |   |   |              |   |   | From                |  
|                                                                                          |   | For the year |   |   | For the year |   |   | December 9,         |  
|                                                                                          |   | ended        |   |   | ended        |   |   | 2009                |  
|                                                                                          |   | June 30,     |   |   | June 30,     |   |   | (Inception) to      |  
|                                                                                          |   | 2011         |   |   | 2010         |   |   | June
      30, 2011 |  
|Operating activities                                                                      |   |              |   |   |              |   |   |                     |  
|Net loss and comprehensive
      loss for period                                          | $ | (292,767     | ) | $ | (45,139      | ) | $ | (337,906            | )
|Depreciation                                                                              |   | 42,950       |   |   | 17,384       |   |   | 60,334              |  
|Changes in non-cash working
      capital balances                                        |   |              |   |   |              |   |   |                     |  
|Sales tax receivable                                                                      |   | (4,714       | ) |   | (100         | ) |   | (4,814              | )
|Prepaid
      expenses                                                                    |   | 11,000       |   |   | (11,000      | ) |   | -                   |  
|Accounts payable and
      accrued liabilities                                            |   | 17,025       |   |   | 308          |   |   | 17,333              |  
|Net cash provided by (used in)
      operating activities                                 |   | (226,506     | ) |   | (38,547      | ) |   | (265,053            | )
|Financing activities                                                                      |   |              |   |   |              |   |   |                     |  
|Common share issued                                                                       |   | 69,962       |   |   | 196,450      |   |   | 266,412             |  
|Preferred shares issued to noncontrolling
      interest 
           net of issuing costs |   | 75,964       |   |   | -            |   |   | 75,964              |  
|Dividends to noncontrolling
      interest                                                |   | (3,131       | ) |   | -            |   |   | (3,131              | )
|Due to (from) related parties                                                             |   | 16,238       |   |   | 338          |   |   | 16,576              |  
|Net cash proved by (used in)
      financing activities                                   |   | 159,033      |   |   | 196,788      |   |   | 355,821             |  
|Investing activities                                                                      |   |              |   |   |              |   |   |                     |  
|Mineral properties                                                                        |   | (10,025      | ) |   | (10,000      | ) |   | (20,025             | )
|Equipment purchase                                                                        |   | (40,910      | ) |   | -            |   |   | (40,910             | )
|Net cash proved by (used in)
      investing activities                                   |   | (50,935      | ) |   | (10,000      | ) |   | (60,935             | )
|Increase (decrease) in cash and                                                           |   |              |   |   |              |   |   |                     |  
|cash equivalents during the period                                                        |   | (118,408     | ) |   | 148,241      |   |   | 29,833              |  
|Cash and cash equivalents, beginning of the period                                        |   | 148,241      |   |   | -            |   |   | -                   |  
|Cash and cash equivalents, end of the
      period                                        | $ | 29,833       |   | $ | 148,241      |   | $ | 29,833              |  
|                                                                                          |   |              |   |   |              |   |   |                     |  
|Supplemental cash flow information                                                        |   |              |   |   |              |   |   |                     |  
|Non-cash financing activities                                                             |   |              |   |   |              |   |   |                     |  
|- 18,000,000 shares issued for
      equipment of                                         |   |              |   |   |              |   |   |                     |  
|$173,841 and $2 for
      mineral rights                                                  | $ | -            |   | $ | -            |   | $ | 173,843             |  
|- 333,667 shares issued for
      McDame property                                         | $ | 10,010       |   | $ | -            |   | $ | 1,010               |  
|- Income taxes paid                                                                       | $ | -            |   | $ | -            |   | $ | -                   |  
|- Interest paid                                                                           | $ | -            |   | $ | -            |   | $ | -                   |  

See Accompanying Notes

F-4

---

|GOLDEN GLOBAL CORP.                                                   
|----------------------------------------------------------------------
|(An Exploration Stage Company                                         
|Consolidated Statement of Stockholders Equity                        
|For the period from Inception, December 9, 2009 to June 30,
      2011

|Stated in Canadian dollars                                                     |  |              |  |   |            |  |   |                       |  |   |                  |   |   |                         |   |   |                 |  |   |                    |  
|------------------------------------------------------------------------------ |  | ------------ |  | - | ---------- |  | - | --------------------- |  | - | ---------------- | - | - | ----------------------- | - | - | --------------- |  | - | ------------------ | -
|                                                                               |  |              |  |   |            |  |   |                       |  |   |                  |   |   |                         |   |   | Equity          |  |   |                    |  
|                                                                               |  |              |  |   |            |  |   |                       |  |   |                  |   |   | Equity attributable     |   |   | attributable to |  |   |                    |  
|                                                                               |  | Common Stock |  |   | Additional |  |   | Accumulated           |  |   | to Golden Global |   |   | noncontrolling          |   |   |                 | 
|                                                                               |  | Shares       |  |   | Amount     |  |   | Paid
      in Capital |  |   | Deficit          |   |   | Corp
      Shareholders |   |   | interests       |  |   | Total
      Equity |  
|                                                                               |  |              |  |   |            |  |   |                       |  |   |                  |   |   |                         |   |   |                 |  |   |                    |  
|Balance, December 10, 2009                                                     |  | -            |  | $ | -          |  | $ | -                     |  | $ | -                |   | $ | -                       |   | $ | -               |  | $ | -                  |  
|                                                                               |  |              |  |   |            |  |   |                       |  |   |                  |   |   |                         |   |   |                 |  |   |                    |  
|December 10, 2009, issue of shares for cash
      at 
    $.0001/sh            |  | 8,500,000    |  |   | 850        |  |   | -                     |  |   | -                |   |   | 850                     |   |   | -               |  |   | 850                |  
|                                                                               |  |              |  |   |            |  |   |                       |  |   |                  |   |   |                         |   |   |                 |  |   |                    |  
|December 12, 2009, issue of shares for
      
    equipment and mineral rights |  | 18,000,000   |  |   | 1,800      |  |   | 172,043               |  |   | -                |   |   | 173,843                 |   |   | -               |  |   | 173,843            |  
|                                                                               |  |              |  |   |            |  |   |                       |  |   |                  |   |   |                         |   |   |                 |  |   |                    |  
|March 1, 2010, issue of shares for cash at
      
    $.03/sh                  |  | 1,175,000    |  |   | 118        |  |   | 35,182                |  |   | -                |   |   | 35,300                  |   |   | -               |  |   | 35,300             |  
|                                                                               |  |              |  |   |            |  |   |                       |  |   |                  |   |   |                         |   |   |                 |  |   |                    |  
|April 15, 2010, issue of shares for cash at
      
    $.03/sh                 |  | 1,885,000    |  |   | 189        |  |   | 56,312                |  |   | -                |   |   | 56,501                  |   |   | -               |  |   | 56,501             |  
|                                                                               |  |              |  |   |            |  |   |                       |  |   |                  |   |   |                         |   |   |                 |  |   |                    |  
|June 4, 2010 issue of shares for cash at
      $.03/sh                         |  | 3,460,000    |  |   | 346        |  |   | 103,454               |  |   | -                |   |   | 103,800                 |   |   | -               |  |   | 103,800            |  
|                                                                               |  |              |  |   |            |  |   |                       |  |   |                  |   |   |                         |   |   |                 |  |   |                    |  
|Net loss and comprehensive loss                                                |  | -            |  |   | -          |  |   | -                     |  |   | (45,139          | ) |   | (45,139                 | ) |   | -               |  |   | (45,139            | )
|                                                                               |  |              |  |   |            |  |   |                       |  |   |                  |   |   |                         |   |   |                 |  |   |                    |  
|Balance, June 30, 2010                                                         |  | 33,020,000   |  |   | 3,302      |  | $ | 366,991               |  | $ | (45,139          | ) | $ | 325,154                 |   | $ | -               |  | $ | 325,154            |  

See Accompanying Notes

F-5

---

|GOLDEN GLOBAL CORP.            
|-------------------------------
|(An Exploration Stage Company  
|Statement of Equity (continued)

|                                                                                                                   |  |              |  |   |            |  |   |                       |  |   |                  |   |   |                         |   |   | Equity          |   |   |                    |  
|------------------------------------------------------------------------------------------------------------------ |  | ------------ |  | - | ---------- |  | - | --------------------- |  | - | ---------------- | - | - | ----------------------- | - | - | --------------- | - | - | ------------------ | -
|                                                                                                                   |  |              |  |   |            |  |   |                       |  |   |                  |   |   | Equity attributable     |   |   | attributable to |   |   |                    |  
|                                                                                                                   |  | Common Stock |  |   | Additional |  |   | Accumulated           |  |   | to Golden Global |   |   | noncontrolling          |   |   |                 |  
|                                                                                                                   |  | Shares       |  |   | Amount     |  |   | Paid
      in Capital |  |   | Deficit          |   |   | Corp
      Shareholders |   |   | interests       |   |   | Total
      Equity |  
|                                                                                                                   |  |              |  |   |            |  |   |                       |  |   |                  |   |   |                         |   |   |                 |   |   |                    |  
|Balance, June 30, 2010                                                                                             |  | 33,020,000   |  | $ | 3,302      |  | $ | 366,991               |  | $ | (45,139          | ) | $ | 325,154                 |   | $ | -               |   | $ | 325,154            |  
|                                                                                                                   |  |              |  |   |            |  |   |                       |  |   |                  |   |   |                         |   |   |                 |   |   |                    |  
|September 27, 2010 issue of shares for
      
    McDame property                                                  |  | 333,667      |  |   | 33         |  |   | 9,977                 |  |   | -                |   |   | 10,010                  |   |   | -               |   |   | 10,010             |  
|                                                                                                                   |  |              |  |   |            |  |   |                       |  |   |                  |   |   |                         |   |   |                 |   |   |                    |  
|September 28, 2010 issue of shares for cash
      at 
    $.08/sh                                                  |  | 593,750      |  |   | 59         |  |   | 47,441                |  |   | -                |   |   | 47,500                  |   |   | -               |   |   | 47,500             |  
|                                                                                                                   |  |              |  |   |            |  |   |                       |  |   |                  |   |   |                         |   |   |                 |   |   |                    |  
|November 30, 2010, issue of 420,000
      
    preferred shares for cash at $.10/sh                                |  | -            |  |   | -          |  |   | -                     |  |   | -                |   |   | -                       |   |   | 42,000          |   |   | 42,000             |  
|                                                                                                                   |  |              |  |   |            |  |   |                       |  |   |                  |   |   |                         |   |   |                 |   |   |                    |  
|December 30, 2010, cash received on
      
      subscription for 265,000 preferred shares to be issued at $.10/sh |  | -            |  |   | -          |  |   | -                     |  |   | -                |   |   | -                       |   |   | 26,500          |   |   | 26,500             |  
|                                                                                                                   |  |              |  |   |            |  |   |                       |  |   |                  |   |   |                         |   |   |                 |   |   |                    |  
|February 2, 2011, cash received on
      
      subscription for 15,000 preferred shares to be issued at $.10/sh   |  | -            |  |   | -          |  |   | -                     |  |   | -                |   |   | -                       |   |   | 1,500           |   |   | 1,500              |  
|                                                                                                                   |  |              |  |   |            |  |   |                       |  |   |                  |   |   |                         |   |   |                 |   |   |                    |  
|May 15, 2011, cash received on subscription
      
    for 123,400 preferred shares to be issued at $.10/sh        |  | -            |  |   | -          |  |   | -                     |  |   | -                |   |   | -                       |   |   | 12,340          |   |   | 12,340             |  
|                                                                                                                   |  |              |  |   |            |  |   |                       |  |   |                  |   |   |                         |   |   |                 |   |   |                    |  
|May 23, 2011, cash received on subscription
      
    for 40,000 preferred shares to be issued at $.10/sh         |  | -            |  |   | -          |  |   | -                     |  |   | -                |   |   | -                       |   |   | 4,000           |   |   | 4,000              |  
|                                                                                                                   |  |              |  |   |            |  |   |                       |  |   |                  |   |   |                         |   |   |                 |   |   |                    |  
|May 27, 2011 issue of shares for cash at
      
    $.10/sh                                                        |  | 275,000      |  |   | 28         |  |   | 22,434                |  |   | -                |   |   | 22,462                  |   |   | -               |   |   | 22,462             |  
|                                                                                                                   |  |              |  |   |            |  |   |                       |  |   |                  |   |   |                         |   |   |                 |   |   |                    |  
|Preferred shares issuing cost                                                                                      |  | -            |  |   | -          |  |   | -                     |  |   | -                |   |   | -                       |   |   | (10,376         | ) |   | (10,376            | )
|                                                                                                                   |  |              |  |   |            |  |   |                       |  |   |                  |   |   |                         |   |   |                 |   |   |                    |  
|Net loss and comprehensive loss                                                                                    |  | -            |  |   | -          |  |   | -                     |  |   | (292,767         | ) |   | (292,767                | ) |   | (3,131          | ) |   | (295,898           | )
|                                                                                                                   |  |              |  |   |            |  |   |                       |  |   |                  |   |   |                         |   |   |                 |   |   |                    |  
|Balance, June 30, 2011                                                                                             |  | 34,222,417   |  | $ | 3,422      |  | $ | 446,843               |  | $ | (337,906         | ) | $ | 112,359                 |   | $ | 72,833          |   | $ | 185,192            |  

See Accompanying Notes

F-6

---

Note 1 Nature and Continuance of
Operations

Golden Global Corp. ("the Company") was incorporated in the
State of Nevada, USA on December 10, 2009. It owns a 100% controlling interest in Golden
Global Mining Corporation which was incorporated in the Province of Alberta,
Canada on January 10, 2010. The Company is in the exploration stage and it is
currently looking at developing properties it has acquired in British Columbia,
Canada.

The Company has adopted June 30 as its fiscal year end.

These financial statements have been prepared in accordance
with generally accepted accounting principles applicable to a going concern,
which assumes that the Company will be able to meet its obligations and continue
its operations for its next fiscal year. Realization values may be substantially
different from carrying values as shown and these financial statements do not
give effect to adjustments that would be necessary to the carrying values and
classification of assets and liabilities should the Company be unable to
continue as a going concern. At June 30, 2011, the Company had not yet achieved
profitable operations and has accumulated losses of $337,906 since its
inception. The Company expects to incur further losses in the development of its
business, all of which casts substantial doubt about the Companys ability to
continue as a going concern. The Companys ability to continue as a going
concern is dependent upon its ability to generate future profitable operations
and/or to obtain the necessary financing to meet its obligations and repay its
liabilities arising from normal business operations when they come due.
Management anticipates that additional funding will be in the form of equity
financing from the sale of common stock. Management may also seek to obtain
short-term loans from the directors of the Company. There are no current
arrangements in place for equity funding or short-term loans.

Note 2 Summary of Significant Accounting
Policies

Basis of Presentation

The Companys financial statements included herein are prepared
under the accrual basis of accounting in accordance with accounting principles
generally accepted in the United States of America. These consolidated financial
statements include the Companys wholly owned subsidiary, Golden Global Mining
Corporation, and 100% of its assets, liabilities and net income or loss. All
intercompany accounts and transactions have been eliminated

Functional Currency

The Companys functional currency is the Canadian dollar. All
amounts shown on these statements are stated in Canadian dollars.

F-7

---

Note 2 Summary of Significant Accounting
Policies (continued)

Development Stage Company

The Company is a development stage company as defined in the
Financial Accounting Standards Board (FASB) Accounting Standards Codification
(ASC) Topic 205-915, Development Stage Entities. The Company is still in the
developmental stage, devoting substantially all of its present efforts to
establishing its business. Its planned principal operations have not commenced,
as only one subsidiary has started to realize some revenues but has not achieved
full operations. All losses accumulated since inception has been considered as
part of the Companys development stage activities.

Revenue Recognition

The Company recognizes revenue when a contract is in place,
minerals are delivered to the purchaser and collectability is reasonably
assured.

Fair Value Measurements

The Company follows FASB ASC 820, Fair Value Measurements and
Disclosures, for all financial instruments and non-financial instruments
accounted for at fair value on a recurring basis. This accounting standard
established a single definition of fair value and a framework for measuring fair
value, sets out a fair value hierarchy to be used to classify the source of
information used in fair value measurement and expands disclosures about fair
value measurements required under other accounting pronouncements. It does not
change existing guidance as to whether or not an instrument is carried at fair
value. The Company defines fair value as the price that would be received from
selling an asset or paid to transfer a liability in an orderly transaction
between market participants at the measurement date. When determining the fair
value measurements for assets and liabilities, which are required to be recorded
at fair value, the Company considers the principal or most advantageous market
in which the Company would transact and the market-based risk measurements or
assumptions that market participants would use in pricing the asset or
liability, such as inherent risk, transfer restrictions and credit risk. The
Company has adopted FASB ASC 825, Financial Instruments, which allows companies
to choose to measure eligible financial instruments and certain other items at
fair value that are not required to be measured at fair value. The Company has
not elected the fair value option for any eligible financial instruments.

F-8

---

Note 2 Summary of Significant Accounting
Policies (continued)

Financial Instruments

The carrying values of cash and cash equivalents, accounts
payable and accrued liabilities and due to related parties approximate fair
value because of the short-term nature of these instruments.

The Company has cash balances at well-known financial
institutions. Balances in Canadian dollars at Canadian institutions are
protected by insurance up to specified amount. Amounts not at Canadian
institutions and /or over those specified amounts are subject to risk. At June
30, 2011, the amount not covered by insurance was $1,160. ($48,241 was not
covered by insurance as at June 30, 2010.)

Management is of the opinion that the Company is not exposed to
significant interest, currency or credit risks arising from these financial
instruments.

Mineral Property Acquisition Costs and Exploration
Expenses

Mineral property exploration costs are charged to operations as
incurred. Mineral property acquisition costs are initially capitalized when
incurred and are amortized using the units-of-production method over the
estimated life of probable, proven reserves. If mineral rights are abandoned or
estimated to be impaired, any capitalized costs will be charged to
operations.

Environmental Costs

Environmental expenditures that relate to current operations
are expensed or capitalized as appropriate. Expenditures that relate to an
existing condition caused by past operations, and which do not contribute to
current or future revenue generation, are expensed. Liabilities are recorded
when environmental assessments and/or remedial efforts are probable, and the
cost can be reasonably estimated. Generally, the timing of these accruals
coincides with the earlier of:

|i)  | completion of a feasibility study; or                                            
|--- | ---------------------------------------------------------------------------------
|    |                                                                                  
|ii) | the Companys commitment to a plan of action based on the
      then known facts.

F-9

---

Note 2 Summary of Significant Accounting
Policies (continued)

Cash and Cash Equivalents

The Company considers all highly liquid instruments with
maturity of three months or less at the time of issuance to be cash equivalents.
As at June 30, 2011, the Company did not have any cash equivalents.

Use of estimates

The preparation of financial statements in conformity with
generally accepted accounting principles requires management to make estimates
and assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenue and expenses during the reporting
period. Management makes its best estimate of the ultimate outcome for these
items based on historical trends and other information available when the
financial statements are prepared. Changes in estimates are recognized in
accordance with the accounting rules for the estimate, which is typically in the
period when new information becomes available to management. Actual results
could differ from those estimates.

Derivative Instruments

The Company accounts for derivative instruments according to
FASB ASC topic 815 Derivative and Hedging. This standard establish
accounting and reporting standards for derivative instruments, including certain
derivative instruments embedded in other contracts, and also for hedging
activities.

If certain conditions are met, a derivative may be specifically
designated as a hedge, the objective of which is to match the timing of gain or
loss recognition on the hedging derivative with the recognition of

(i) the changes in the fair value of
the hedged asset or liability that are attributable to the hedged risk or (ii)
the earnings effect of the hedged forecasted transaction. For a derivative not
designated as a hedging instrument, the gain or loss is recognized in income in
the period of change. The Company has not entered into derivatives contracts to
hedge existing risks or for speculative purposes.

During the year ended June 30, 2011, the Company does not
possess a derivative instrument, which the Company accounts for under this FASB
ASC topic.

F-10

---

Note 2 Summary of Significant Accounting
Policies (continued)

Basic and Diluted Net Income (Loss) Per Share

The Company computes net loss per share in accordance with FASB
ASC Topic 260, Earnings Per Share. This topic requires presentation of
both basic and diluted earnings per share (EPS) on the face of the income
statement. Basic loss per share is computed by dividing net loss available to
common shareholders by the weighted average number of common shares outstanding
during the year. Diluted EPS gives effect to all dilutive potential common
shares outstanding during the year including stock options, using the treasury
stock method, and convertible preferred stock, using the if-converted method. In
computing diluted EPS, the average stock price for the year is used in
determining the number of shares assumed to be purchased from the exercise of
stock options or warrants. Diluted EPS excludes all dilutive potential common
shares if their effect is anti dilutive.

Noncash Transaction in Capital Stock

The Company follows the guidelines under FASB ASC Topic
845-10-30-3, Nonmonetary transactions,when the fair value of neither the
assets received nor the assets relinquished is determinable within reasonable
limits.

Equipment

Property, plant and equipment are stated at cost less
accumulated depreciation and amortization. Depreciation is computed using the
straight-line method based upon the useful lives of the assets, estimated to be
5 years. Improvements and betterments are capitalized if they extend the useful
life of the asset. Repair and maintenance costs are charged to expense as
incurred. Gain (loss) related to retirement or disposition of fixed assets is
recognized in the period which the gain (loss) occurs.

Impairment of long-lived assets

The Company evaluates the recoverability of the net carrying
value of its equipment and identifiable intangible assets with definite lives,
whenever certain events or changes in circumstances indicate that the carrying
amount of these assets may not be recoverable, by comparing the carrying values
to the estimated future undiscounted cash flows. A deficiency in cash flows
relative to the carrying amounts is an indication of the need for a write-down
due to impairment. The impairment write-down would be the difference between the
carrying amounts and the fair value of these assets. A loss on impairment would
be recognized as a charge to earnings.

F-11

---

Note 2 Summary of Significant Accounting
Policies (continued)

Income Taxes

The Company follows FASB ASC Topic 820, Income Taxes which
requires the use of the asset and liability method of accounting for income
taxes. Under this method, deferred tax assets and liabilities are recognized for
future tax consequences attributable to temporary differences between the
financial statements carrying amounts of existing assets and liabilities and
loss carry forwards and their respective tax bases. Deferred tax assets and
liabilities are measured using enacted tax rates expected to apply to taxable
income in the year in which those temporary differences are expected to be
recovered or settled.

Preferred shares of subsidiary.

Golden Global Mining Corporation, the Companys wholly owned
subsidiary, issued preferred shares which have been classified as equity in
their financial statements. In these statements, the financial instruments have
been classified as noncontrolling interests and dividends paid on behalf of the
preferred shares have been recorded as a charge against income.

Recent Accounting Pronouncements

The Company adopts new pronouncements relating to generally
accepted accounting principles applicable to the Company as they are issued,
which may be in advance of their effective date. Management does not believe
that any recently issued, but not yet effective accounting standards, if
currently adopted, would have a material effect on the accompanying financial
statements.

Note 3 -Equipment

A breakdown of equipment is as follows:

|As at June 30, 2011    |   |         |  |   | Accumulated  |  |   | Net Book | 
|---------------------- | - | ------- |  | - | ------------ |  | - | -------- | 
|                       |   | Cost    |  |   | Depreciation |  |   | Value    | 
|                       |   |         |  |   |              |  |   |          | 
|Furniture and fixtures | $ | 1,090   |  | $ | 327          |  | $ | 763      | 
|Mining equipment       |   | 212,599 |  |   | 59,688       |  |   | 152,910  | 
|Computers              |   | 1,063   |  |   | 319          |  |   | 744      | 
|                       | $ | 214,752 |  | $ | 60,334       |  | $ | 154,417  | 

F-12

---

Note 3 Equipment  (continued)

As at June 30, 2010

|                       |   |         |  |   | Accumulated  |  |   | Net Book | 
|---------------------- | - | ------- |  | - | ------------ |  | - | -------- | 
|                       |   | Cost    |  |   | Depreciation |  |   | Value    | 
|                       |   |         |  |   |              |  |   |          | 
|Furniture and fixtures | $ | 1,090   |  | $ | 109          |  | $ | 981      | 
|Mining equipment       |   | 171,688 |  |   | 17,169       |  |   | 154,519  | 
|Computers              |   | 1,063   |  |   | 106          |  |   | 957      | 
|                       | $ | 173,841 |  | $ | 17,384       |  | $ | 156,457  | 

Note 4 Mineral Property

On December 12, 2009, the Company purchased two mineral
properties and mining equipment in British Columbia, Canada, from a company with
common officers through the issuance of 18,000,000 shares. The properties
purchased are the Thibert Creek and Dynasty claims and were recorded at the
carrying value of the vendor.

On May 16, 2010, the Company made a $10,000 deposit on property
known as the McDame property located near Cassiar, in the Liard Mining Division
of British Columbia, Canada. The Company finalized the purchase of the claims on
September 27, 2010 through the issuance of 333,667 shares representing an agreed
value of $10,010.

During the year ended June 30, 2011, the Company paid $10,025
in order to keep mineral claims active until at least October 31, 2011.

Note 5 Related Parties  balances and
transactions

Amounts due to related parties represent advances made on
demand but without interest.

During the year ended June 30, 2011, the Company paid $36,500
for management and consulting services to a director. $4,615 was paid for
consulting services to a company with common officers during the same
period.

In addition, during the year ended June 30, 2011, $28,933 was
paid to the same company for expense re-imbursements.

The transactions were recorded at amounts agreed upon between
the Company and the related parties.

F-13

---

Note 6 -Capital Stock  Common Shares

On December 10, 2009, the Companys directors approved the
issuance of 8,500,000 common stocks at $.0001 for total cash proceeds of $850.
Receipt of the funds was completed on May 21, 2010.

On December 12, 2009, the Companys directors approved the
issuance of 18,000,000 common stocks for equipment and mineral property with a
total value of $173,843.

On March 10, 2010, the Companys directors approved the
issuance of 1,175,000 common stocks for total cash proceeds of $35,250.

On April 15, 2010, the Companys directors approved the
issuance of 1,885,000 common stocks for total cash proceeds of $56,550.

On June 4, 2010, the Companys directors approved the issuance
of 3,460,000 common stocks for total cash proceeds of $103,800.

On September 27, 2010, the Companys directors approved the
issuance of 333,667 common stocks for mineral properties with a value of
$10,010.

On September 28, 2010, the Companys directors approved the
issuance of 593,750 common stocks for total cash proceeds of $47,500.

On May 27, 2011, the Companys directors approved the issuance
of 275,000 common stocks for total cash proceeds of $22,462.

As of June 30, 2011, there are no share options or warrants
outstanding.

Note 7 Preferred Shares

On November 30, 2010, the Companys 100% wholly owned
subsidiary, Golden Global Mining Corporation, closed a private placement of
420,000 preferred shares at $0.10 per share for a gross proceed of $42,000.
These shares bear a cumulative dividend of 8% per annum and are redeemable at
the option of the Company on or before the first year anniversary from the date
of closing.

On February 18, 2011 for an additional 280,000 preferred shares
for a gross proceed of $28,000. The shares for the second closing also bear a
cumulative dividend of 8% per annum and are redeemable at the option of the
Company on or before the second year anniversary from the date of closing.

F-14

---

Note 7 Preferred Shares 
(continued)

On May 15, 2011 for an additional 123,400 preferred shares for
a gross proceed of $12,340. These shares bear a cumulative dividend of 8% per
annum and are redeemable at the option of the Company on or before the second
year anniversary from the date of closing.

On May 23, 2011 for an additional 40,000 preferred shares for a
gross proceed of $4,000. These shares bear a cumulative dividend of 8% per annum
and are redeemable at the option of the Company on or before the second year
anniversary from the date of closing.

Note 8 Income Taxes

Potential benefits of income tax losses have not been
recognized in these financial statements because the Company cannot be assured
it is more likely-than-not it will utilize the net operating losses carried
forward in future years.

Income tax recovery differs from that which would be expected
by applying the effective rates to net income (loss) as follows:

From dateof inception,Year ended
    
    
    December 9, 2010June
      30, 2011
    
    
    to
      June 30, 2010Net loss for the period -
      attributed 
                     to
      common shareholders
    $
    (292,767
    )
    $
    (45,139
    )Statutory and
      effective rates
    
    25%
    
    
    26%Income tax recovery at effective rate
    $
    (73,192
    )
    $
    (11,543
    )Effect of temporary differences
    
    715
    
    
    2,442Effect of change in income tax rates
    
    204
    
    
    -Revision to tax account estimates
    
    -
    
    
    -Tax loss deferred
    
    72,272
    
    
    9,101Corporate income
      tax recovery
      
                    
      recognized in the accounts
    $
    -
    
    $
    -


F-15

---

Note 8 Income Taxes  (continued)

The Company has accumulated net operating losses totaling
approximately $325,600 for income tax purposes which expire in 2030 and 2031.
The components of the net deferred tax asset at June 30, 2011 and the statutory
tax rate, the effective tax rate and the amount of the valuation allowance are
scheduled below:

June
      30, 2011
    
    
    June
      30, 2010Statutory and effective rates
    
    25%
    
    
    26%Non-capital losses carried forward
    $
    81,374
    
    $
    9,101Share issue costs
    
    2,075
    
    
    -Equipment
    
    3,622
    
    
    -Deferred tax asset value
    
    87,070
    
    
    9,101Valuation
      allowance
    
    (87,070
    )
    
    (9,101
    )Deferred tax assets recognized
    $
    -
    
    $
    -


The change in the valuation allowance during the year was
$77,969 ($9,101) in 2010.

F-16

---

Item 9. Changes in and Disagreements with Accountants on
Accounting and Financial Disclosure

None.

Item 9A. Controls and Procedures

As required by Rule 13a-15 under the Exchange Act, our
management evaluated the effectiveness of the design and operation of our
disclosure controls and procedures as of June 30, 2011.

Our management, with the participation of our president (our
principal executive officer) and our chief financial officer (our principal
accounting officer and principal financial officer), evaluated the effectiveness
of our disclosure controls and procedures (as defined in Rules 13a-15(e) and
15d-15(e) promulgated under the Securities Exchange Act of 1934, as amended (the
Exchange Act)) as of the end of the period covered by this report. Based on
this evaluation, our president (our principal executive officer) and our chief
financial officer (our principal accounting officer and principal financial
officer) have concluded that, as of the end of such period, our disclosure
controls and procedures were effective to ensure that information that is
required to be disclosed by us in the reports we file or submit under the
Exchange Act is (i) recorded, processed, summarized and reported, within the
time periods specified in the SECs rules and forms and (ii) accumulated and
communicated to our management, including our president (our principal executive
officer) and our chief financial officer (our principal accounting officer and
principal financial officer), as appropriate, to allow timely decisions
regarding required disclosure.

Managements Report on Internal Control over Financial
Reporting

Management is responsible for establishing and maintaining
adequate internal control over financial reporting (as defined in Rules
13a-15(f) and 15d-15(f) under the Exchange Act). Internal control over financial
reporting is a process designed by, or under the supervision of, our president
(our principal executive officer) our chief financial officer (our principal
accounting officer and principal financial officer), to provide reasonable
assurance regarding the reliability of financial reporting and the preparation
of financial statements in accordance with GAAP. Internal control over financial
reporting includes those policies and procedures that (1) pertain to the
maintenance of records that, in reasonable detail, accurately and fairly reflect
the transactions and dispositions of the assets of our company; (2) provide
reasonable assurance that transactions are recorded as necessary to permit
preparation of financial statements in accordance with GAAP, and that receipts
and expenditures of our company are being made only in accordance with
authorizations of management and directors of our company; and (3) provide
reasonable assurance regarding prevention or timely detection of unauthorized
acquisition, use, or disposition of our companys assets that could have a
material effect on the financial statements. Because of its inherent
limitations, internal control over financial reporting may not provide absolute
assurance that a misstatement of our financial statements would be prevented or
detected.

Further, the evaluation of the effectiveness of internal
control over financial reporting was made as of a specific date, and continued
effectiveness in future periods is subject to the risks that controls may become
inadequate because of changes in conditions, or that the degree of compliance
with the policies or procedures may deteriorate.

Management has conducted, with the participation of our
president (our principal executive office) and our chief financial officer (our
principal accounting officer and principal financial officer), an evaluation of
the effectiveness of our internal control over financial reporting as of June
30, 2011 in accordance with the criteria set forth by the Committee of
Sponsoring Organizations of the Treadway Commission ("COSO") in Internal Control
 Integrated Framework. Based on this assessment, management concluded that as
of June 30, 2011, our companys internal control over financial reporting was
effective.

32

---

Change In Internal Control Over Financial Reporting

There were no changes in our internal control over financial
reporting that occurred during our last fiscal year that have materially
affected, or are reasonably likely to materially affect, our internal control
over financial reporting.

Item 9B. Other Information

None.

PART III

Item 10. Directors, Executive Officers and Corporate
Governance

All of the directors of our company hold office until the next
annual meeting of the stockholders or until their successors have been elected
and qualified. Our officers are appointed by our board of directors and hold
office until their death, resignation or removal from office. Our directors and
executive officers, their ages, positions held, and duration as such, are as
follows:

|                   |                                                                   |     | Date
      First Elected
|------------------ | ----------------------------------------------------------------- | --- | ------------------------
|Name               | Position Held with the Company                                    | Age | or Appointed            
|                   |                                                                   |     |                         
|John Robert Hope   | President, Chief Executive
      Officer and Director             | 66  | December 9, 2009        
|                   |                                                                   |     |                         
|Hon Ming Tony Wong | Chief Financial Officer , Treasurer, Secretary and
      Director | 51  | December 9, 2009        

Business Experience

The following is a brief account of the education and business
experience of each director and executive officer during at least the past five
years, indicating each person's principal occupation during the period, and the
name and principal business of the organization by which he was employed.

John Robert Hope  President, Chief Executive Officer and
Director

In 2004 Mr. Hope founded Velocity Resources Canada Ltd. a
private Alberta registered mining exploration company with mining interests in
British Columbia, Yukon and Africa of which he has acted as President and as a
Director since its inception. Mr. Hope has in the past been involved in projects
such as KMC Minings placer gold project on McDame Creek in British Columbia;
and has operated his own placer mining operations in both B.C. and the Yukon.
With KMC Mining, Mr. Hope was responsible for all on site management of the
companys mining operations. Since 2005 He has sold two Molybdenum properties to
Velocity Minerals Ltd., a TSX listed company of which he is a director and has
completed the Public Companies Financing, Governance and Compliance course
offered by Simon Fraser University as an ongoing upgrading of public company
compliance knowledge. Mr. Hopes experience in mineral exploration and
production are the reasons why he was chosen as one of our directors.

Hon Ming Tony Wong- Chief Financial Officer, Treasurer,
Secretary and Director

Mr. Wong has been a businessman for many years with a
background in sales, marketing and Chinese media, and possesses experience in
Chinese trade. He has been involved in the land syndication business for over 10
years. From 2002 to 2009, he worked for S&D International Group Inc. of
Edmonton, Alberta as a sales manager. In 2009, he joined KWest Investments &
Development Inc., of Edmonton, Alberta, an investment company specializing in
real estate syndication, as a Director of Sales and Marketing. At both S&D
International Group Inc., and KWest Mr. Wong has been responsible for the
financial operations and sales efforts of the companies. Since September 2009
Mr. Wong has also been the Treasurer, Chief Financial Officer and director of Beyond IVR Holdings, Inc., a
company in the business of developing integrated voice response products. Mr.
Wongs responsibilities with Beyond IVR consist of oversight of financial
matters and corporate governance. Mr. Wongs experience with land related
businesses is the reason he was chosen as one of our directors.

33

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Mr. Hope will devote his full time attention to the operations
of our company. Mr. Wong will devote approximately 20 hours per week to the
business operations of our company.

Family Relationships

There are no family relationships among our directors or
officers.

Involvement in Certain Legal Proceedings

None of our directors, executive officers, promoters or control
persons has been involved in any of the following events during the past ten
years:

1. A petition under the Federal bankruptcy laws or any state
insolvency law was filed by or against, or a receiver, fiscal agent or similar
officer was appointed by a court for the business or property of such person, or
any partnership in which he was a general partner at or within two years before
the time of such filing, or any corporation or business association of which he
was an executive officer at or within two years before the time of such filing;

2. Such person was convicted in a criminal proceeding or is a
named subject of a pending criminal proceeding (excluding traffic violations and
other minor offenses);

3. Such person was the subject of any order, judgment, or
decree, not subsequently reversed, suspended or vacated, of any court of
competent jurisdiction, permanently or temporarily enjoining him from, or
otherwise limiting, the following activities:

| | i.   | Acting as a futures commission merchant, introducing
      broker, commodity trading advisor, commodity pool operator, floor broker,
      leverage transaction merchant, any other person regulated by the Commodity
      Futures Trading Commission, or an associated person of any of the
      foregoing, or as an investment adviser, underwriter, broker or dealer in
      securities, or as an affiliated person, director or employee of any
      investment company, bank, savings and loan association or insurance
      company, or engaging in or continuing any conduct or practice in
      connection with such activity
| | ---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
| | ii.  | Engaging in any type of business practice; or                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
| |      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
| | iii. | Engaging in any activity in connection with the purchase
      or sale of any security or commodity or in connection with any violation
      of Federal or State securities laws or Federal commodities
  laws;                                                                                                                                                                                                                                                                                                                                                                                                                           

4. Such person was the subject of any order, judgment or
decree, not subsequently reversed, suspended or vacated, of any Federal or State
authority barring, suspending or otherwise limiting for more than 60 days the
right of such person to engage in any activity described in paragraph (f)(3)(i)
of this section, or to be associated with persons engaged in any such
activity;

5. Such person was found by a court of competent jurisdiction
in a civil action or by the Commission to have violated any Federal or State
securities law, and the judgment in such civil action or finding by the
Commission has not been subsequently reversed, suspended, or vacated;

6. Such person was found by a court of competent jurisdiction
in a civil action or by the Commodity Futures Trading Commission to have
violated any Federal commodities law, and the judgment in such civil action or finding by the Commodity Futures Trading Commission
has not been subsequently reversed, suspended or vacated;

34

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7. Such person was the subject of, or a party to, any Federal
or State judicial or administrative order, judgment, decree, or finding, not
subsequently reversed, suspended or vacated, relating to an alleged violation
of:

| | i.   | Any Federal or State securities or commodities law or
      regulation; or                                                                                                                                                                                                                                                
| | ---- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |      |                                                                                                                                                                                                                                                                                                                           
| | ii.  | Any law or regulation respecting financial institutions
      or insurance companies including, but not limited to, a temporary or
      permanent injunction, order of disgorgement or restitution, civil money
      penalty or temporary or permanent cease-and-desist order, or removal or
      prohibition order; or
| |      |                                                                                                                                                                                                                                                                                                                           
| | iii. | Any law or regulation prohibiting mail or wire fraud or
      fraud in connection with any business entity; or                                                                                                                                                                                                            

8. Such person was the subject of, or a party to, any sanction
or order, not subsequently reversed, suspended or vacated, of any
self-regulatory organization (as defined in Section 3(a)(26) of the Exchange Act
(15 U.S.C. 78c(a)(26))), any registered entity (as defined in Section 1(a)(29)
of the Commodity Exchange Act (7 U.S.C. 1(a)(29))), or any equivalent exchange,
association, entity or organization that has disciplinary authority over its
members or persons associated with a member.

Section 16(a) Beneficial Ownership Compliance

Our common stock is not registered pursuant to Section 12 of
the Securities Exchange Act of 1934, as amended (the Exchange Act).
Accordingly, our officers, directors, and principal stockholders are not subject
to the beneficial ownership reporting requirements of Section 16(a) of the
Exchange Act.

Audit Committee and Audit Committee Financial Expert

Our board of directors has determined that it does not have a
member of its audit committee that qualifies as an "audit committee financial
expert" as defined in Item 407(d)(5)(ii) of Regulation S-K, and is "independent"
as the term is used in Item 7(d)(3)(iv) of Schedule 14A under the Securities
Exchange Act of 1934, as amended.

We believe that the members of our board of directors are
collectively capable of analyzing and evaluating our financial statements and
understanding internal controls and procedures for financial reporting. We
believe that retaining an independent director who would qualify as an "audit
committee financial expert" would be overly costly and burdensome and is not
warranted in our circumstances given the early stages of our development and the
fact that we have not generated any material revenues to date. In addition, we
currently do not have nominating, compensation or audit committees or committees
performing similar functions nor do we have a written nominating, compensation
or audit committee charter. Our board of directors does not believe that it is
necessary to have such committees because it believes the functions of such
committees can be adequately performed by our board of directors.

Code of Ethics

We have adopted a Code of Ethics that apples to, among other
persons, our companys principal executive officers and senior financial
executives, as well as persons performing similar functions. As adopted, our
Code of Ethics sets forth written to promote:

- honest and ethical conduct, including the ethical handling of actual or
  apparent conflicts of interest between personal and professional
  relationships;

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- full, fair, accurate, timely and understandable disclosure in all reports
  and documents that the Corporation files with, or submits to, the Securities
  and Exchange Commission ("SEC") and in other public communications made by the
  Corporation that are within the Senior Officers area of responsibility;
- compliance with applicable governmental laws, rules and regulations;
- the prompt internal reporting of violations of the Code; and
- accountability for adherence to the Code.

Our Code of Ethics and Business Conduct will filed with the
Securities and Exchange Commission as Exhibit 14.1 to this annual report on Form
10-K. We will provide a copy of the Code of Ethics and Business Conduct to any
person without charge, upon request. Requests can be sent to: Golden Global
Corp., 17412 105Ave NW, Suite 201, Edmonton, Alberta T5S 1G4.

Item 11. Executive Compensation

The particulars of the compensation paid to the following
persons:

- our principal executive officer;
- each of our two most highly compensated executive officers who were
  serving as executive officers at the end of the years ended June 30, 2011 and
  2010; and
- up to two additional individuals for whom disclosure would have been
  provided under (b) but for the fact that the individual was not serving as our
  executive officer at the end of the years ended June 30, 2011 and 2010,

who we will collectively refer to as the named executive
officers of our company, are set out in the following summary compensation
table, except that no disclosure is provided for any named executive officer,
other than our principal executive officers, whose total compensation did not
exceed $100,000 for the respective fiscal year:

SUMMARY COMPENSATION
      TABLEName and
      Principal Position
    Year
    Salary
      ($)
    Bonus
      ($)
    Stock
      Awards ($)
    Option
      Awards ($)
    Non-Equity
      Incentive Plan Compensation ($)
    Change in Pension
      Value and Nonqualified Deferred
      Compensation Earnings ($)
    All
      Other Compensation ($)
    Total
      ($)John Robert Hope President and Chief
      Executive Officer
    2011 2010
    Nil
      Nil
    Nil
      Nil
    Nil
      Nil
    Nil
      Nil
    Nil
      Nil
    Nil
      Nil
    36,500 
      Nil
    36,500
    NilHon Ming Tony Wong Financial Officer,
      Treasurer and Secretary
    2011 2010
    Nil Nil
    Nil Nil
    Nil Nil
    Nil Nil
    Nil Nil
    Nil Nil
    Nil Nil
    Nil Nil


Stock Options/SAR Grants

During the period from inception to June 30, 2011, we did not
grant any stock options to our executive officers.

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Aggregated Option Exercises in Last Fiscal Year and Fiscal
Year-End Values

There were no options exercised during our fiscal year ended
June 30, 2011 or June 30, 2010 by any officer or director of our company.

Outstanding Equity Awards at Fiscal Year EndNo equity
awards were outstanding as of the year ended June 30, 2011.

Compensation of Directors

We reimburse our directors for expenses incurred in connection
with attending board meetings. We have not paid any directors fees or other
cash compensation for services rendered as a director since our inception to
June 30, 2011.

We have no formal plan for compensating our directors for their
service in their capacity as directors, although such directors are expected in
the future to receive stock options to purchase common shares as awarded by our
board of directors or (as to future stock options) a compensation committee
which may be established. Directors are entitled to reimbursement for reasonable
travel and other out-of-pocket expenses incurred in connection with attendance
at meetings of our board of directors. Our board of directors may award special
remuneration to any director undertaking any special services on our behalf
other than services ordinarily required of a director. No director received
and/or accrued any compensation for their services as a director, including
committee participation and/or special assignments.

Employment Contracts and Termination of Employment and
Change in Control Arrangements

Other than as set out below, we have not entered into any
employment agreement or consulting agreement with our directors and executive
officers, however, we are paying $3,500 per month to John Hope for services
performed by him as our President and CEO

There are no arrangements or plans in which we provide pension,
retirement or similar benefits for directors or executive officers. Our
directors and executive officers may receive stock options at the discretion of
our board of directors in the future. We do not have any material bonus or
profit sharing plans pursuant to which cash or non-cash compensation is or may
be paid to our directors or executive officers, except that stock options may be
granted at the discretion of our board of directors.

We have no plans or arrangements with respect to remuneration
received or that may be received by our executive officers to compensate such
officers in the event of termination of employment (as a result of resignation,
retirement, change of control) or a change of responsibilities following a
change of control, where the value of such compensation exceeds $60,000 per
executive officer.

Item 12. Security Ownership of Certain Beneficial Owners and
Management and Related Stockholder Matters

The following table sets forth, as of October 13, 2011 ,
certain information with respect to the beneficial ownership of our common stock
by each stockholder known by us to be the beneficial owner of more than 5% of
our common stock and by each of our current directors and executive officers.
Each person has sole voting and investment power with respect to the shares of
common stock, except as otherwise indicated. Beneficial ownership consists of a
direct interest in the shares of common stock, except as otherwise
indicated.

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|                                                                              | Amount and Nature of | Percentage of
|----------------------------------------------------------------------------- | -------------------- | -------------
|Name and Address of Beneficial Owner                                          | Beneficial Owner(1)  | Class        
|                                                                              |                      |              
|John Robert Hope 17412 105 Ave NW, Suite 201
      Edmonton, Alberta, T5S 1G4 | 5,423,333 common     | 16%          
|                                                                              |                      |              
|Hon Ming Tony Wong 9710  66 Ave Edmonton, Alberta,
      T6E 0M3             | 3,905,000 common     | 12%          
|                                                                              |                      |              
|All Officers and Directors As a Group                                         | 9,328,333 common     | 28%          
|*represents an
      amount less than 1%                                      |                      |              

|(1) | Under Rule 13d-3, a beneficial owner of a security
      includes any person who, directly or indirectly, through any contract,
      arrangement, understanding, relationship, or otherwise has or shares: (i)
      voting power, which includes the power to vote, or to direct the voting of
      shares; and (ii) investment power, which includes the power to dispose or
      direct the disposition of shares. Certain shares may be deemed to be
      beneficially owned by more than one person (if, for example, persons share
      the power to vote or the power to dispose of the shares). In addition,
      shares are deemed to be beneficially owned by a person if the person has
      the right to acquire the shares (for example, upon exercise of an option)
      within 60 days of the date as of which the information is provided. In
      computing the percentage ownership of any person, the amount of shares
      outstanding is deemed to include the amount of shares beneficially owned
      by such person (and only such person) by reason of these acquisition
      rights. As a result, the percentage of outstanding shares of any person as
      shown in this table does not necessarily reflect the persons actual
      ownership or voting power with respect to the number of shares of common
      stock actually outstanding on October 13, 2011. As October 13, 2011, there
      were 33,947,417 shares of our companys common stock issued and
      outstanding.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

*Changes in Control* We are unaware of any
contract or other arrangement or provisions of our Articles or Bylaws the
operation of which may at a subsequent date result in a change of control of our
company. There are not any provisions in our Articles or Bylaws, the operation
of which would delay, defer, or prevent a change in control of our company.
Item 13. Certain Relationships and Related Transactions, and
Director Independence Except as disclosed herein, there have been no
transactions or proposed transactions in which the amount involved exceeds the
lesser of $120,000 or one percent of the average of our total assets at year-end
for the last three completed fiscal years in which any of our directors,
executive officers or beneficial holders of more than 5% of the outstanding
shares of our common stock, or any of their respective relatives, spouses,
associates or affiliates, has had or will have any direct or material indirect
interest. The promoters of our company are our directors and officers.
Director Independence We currently act with two
directors, consisting of John Robert Hope and Hon Ming Tony Wong. We have
determined that none of our directors are independent directors as defined in
NASDAQ Marketplace Rule 4200(a)(15). We do not have a standing audit,
compensation or nominating committee, but our entire board of directors act in
such capacity. We believe that our directors are capable of analyzing and
evaluating our financial statements and understanding internal controls and
procedures for financial reporting. Our directors do not believe that it is
necessary to have an audit committee because we believe that the functions of an
audit committee can be adequately performed by the board of directors. In
addition, we believe that retaining

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additional independent directors who would qualify as an audit
committee financial expert would be overly costly and burdensome and is not
warranted in our circumstances given the early stages of our development.

Item 14. Principal Accountants Fees and Services

The aggregate fees billed for the most recently completed
fiscal year ended June 30, 2011 and for fiscal year ended June 30, 2010 for
professional services rendered by the principal accountant for the audit of our
annual financial statements and review of the financial statements included in
our quarterly reports on Form 10-Q and services that are normally provided by
the accountant in connection with statutory and regulatory filings or
engagements for these fiscal periods were as follows:

Year Ended June
      302011 ($)
    2010 ($)Audit Fees
    7,500
    7,300Audit Related Fees
    5,775
    -Tax Fees
    -
    -All Other Fees
    350
    -Total
    13,625
  7,300


Our board of directors pre-approves all services provided by
our independent auditors. All of the above services and fees were reviewed and
approved by the board of directors either before or after the respective
services were rendered.

Our board of directors has considered the nature and amount of
fees billed by our independent auditors and believes that the provision of
services for activities unrelated to the audit is compatible with maintaining
our independent auditors independence.

PART IV

Item 15. Exhibits, Financial Statement Schedules

Exhibits required by Item 601 of Regulation
S-K

|Exhibit | Description                                                                                                                                                                                              
|------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|No.     |                                                                                                                                                                                                          
|        |                                                                                                                                                                                                          
|(3)     | (i) Articles of
      Incorporation; and (ii) Bylaws                                                                                                                                                     
|        |                                                                                                                                                                                                          
|3.1     | Articles of Incorporations
      (incorporated by reference to our Registration Statement on Form S-1 filed
      on October 5, 2010).                                                                   
|        |                                                                                                                                                                                                          
|3.2     | Certificate of Correction filed
      with the Nevada Secretary of State on February 19, 2010 (incorporated by
      reference to our Registration Statement on Form S-1 filed on October 5,
      2010).
|        |                                                                                                                                                                                                          
|3.3     | Bylaws (incorporated by
      reference to our Registration Statement on Form S-1 filed on October 5,
      2010).                                                                                       

39

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|Exhibit | Description                                                                                                                                                                                                          
|------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|No.     |                                                                                                                                                                                                                      
|        |                                                                                                                                                                                                                      
|(10)    | Material Contracts                                                                                                                                                                                                   
|        |                                                                                                                                                                                                                      
|10.1    | Asset Purchase Agreement with
      Velocity Resources Canada Ltd., dated December 12, 2009 (incorporated by
      reference to our Registration Statement on Form S-1/A filed on December 1,
      2010).           
|        |                                                                                                                                                                                                                      
|10.2    | Addendum to Asset Purchase
      Agreement with Velocity Resources Canada Ltd., dated December 12, 2009
      (incorporated by reference to our Registration Statement on Form S-1/A
      filed on January 2, 2011).
|        |                                                                                                                                                                                                                      
|(14)    | Code of Ethics                                                                                                                                                                                                       
|        |                                                                                                                                                                                                                      
|14.1*   | Code of Ethics                                                                                                                                                                                                       
|        |                                                                                                                                                                                                                      
|(21)    | List of Subsidiaries                                                                                                                                                                                                 
|        |                                                                                                                                                                                                                      
|21.1    | Golden Global Mining
      Corporation, an Alberta company                                                                                                                                                           
|        |                                                                                                                                                                                                                      
|(31)    | Rule 13a-14(a)/15d-14(a)
      Certification                                                                                                                                                                         
|        |                                                                                                                                                                                                                      
|31.1*   | Section 302 Certification under
      Sarbanes-Oxley Act of 2002 of the Principal Executive Officer.                                                                                                                 
|        |                                                                                                                                                                                                                      
|31.2*   | Section 302 Certification under
      Sarbanes-Oxley Act of 2002 of the Principal Financial Officer and
      Principal Accounting Officer.                                                                          
|        |                                                                                                                                                                                                                      
|(32)    | Section 1350
      Certification                                                                                                                                                                                     
|        |                                                                                                                                                                                                                      
|32.1*   | Section 906 Certification under
      Sarbanes-Oxley Act of 2002 of the Principal Executive Officer.                                                                                                                 
|        |                                                                                                                                                                                                                      
|32.2*   | Section 906 Certification under
      Sarbanes-Oxley Act of 2002 of the Principal Financial Officer and
      Principal Accounting Officer.                                                                          

*Filed herewith.

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SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

| | GOLDEN GLOBAL CORP.                                                 
| | --------------------------------------------------------------------
| |                                                                     
| |                                                                     
| |                                                                     
| |                                                                     
| | /s/ John Robert Hope                                                
| | John Robert Hope                                                    
| | President, Chief Executive Officer and Director                     
| | (Principal Executive Officer)                                       
| |                                                                     
| | Date: October 13, 2011                                              
| |                                                                     
| |                                                                     
| | /s/
      Hon Ming Tony Wong                                        
| |                                                                     
| | Hon Ming Tony Wong                                                  
| | Chief Financial Officer, Secretary, Treasurer
      and Director    
| | (Principal Financial Officer and Principal
      Accounting Officer)
| |                                                                     
| | Date: October 13, 2011                                              

Pursuant to the requirements of the Securities Exchange Act of
1934, this report has been signed below by the following persons on behalf of
the registrant and in the capacities and on the dates indicated.

|Signature              | Title                                  | Date            
|---------------------- | -------------------------------------- | ----------------
|                       |                                        |                 
|/s/ John Robert Hope   | President, Chief Executive Officer and |                 
|                       | Director                               | October 13, 2011
|John Robert Hope       |                                        |                 
|                       |                                        |                 
|                       |                                        |                 
|/s/ Hon Ming Tony Wong | Chief Financial Officer, Secretary,    |                 
|                       | Treasurer and Director                 | October 13, 2011
|Hon Ming Tony Wong     |                                        |                 

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