Exhibit 99.1

Golden Enterprises, Inc. Releases Earnings and Declares Quarterly Dividend

    BIRMINGHAM, Ala.--(BUSINESS WIRE)--Jan. 5, 2006--Golden
Enterprises, Inc.'s (NASDAQ: GLDC) Board of Directors today declared a
quarterly dividend of $.03125 per share payable January 25, 2006 to
stockholders of record on January 16, 2006.
    For the thirteen weeks ended December 2, 2005, basic and diluted
loss per share was ($.02) compared to a ($.00) loss last year on net
sales of $25,430,115 versus $24,851,760, a sales increase of 2%, or
$.06 million. Golden Enterprises, Inc. continues to show improvement
in sales growth by delivering premiere customer service, introducing
new products and expanding marketing efforts by building brand
awareness through differentiation. Management continues to adopt
challenging financial goals to improve earnings per share, margins and
cash flow.
    Gross margins for the thirteen weeks ended December 2, 2005 were
$11,628,574 versus $11,573,086. During the thirteen weeks, gross
margins increased $.05 million compared to the prior year. The
continued increase in margins is primarily attributable to an increase
in sales volume with continued emphasis on improved manufacturing
efficiency to offset the impact of rising fuel cost and other
increasing commodities.
    Selling, general and administrative expenses increased 4%, or $.47
million, during the thirteen weeks as a result of increased
distribution costs and additional cost associated with complying with
Section 404 of the Sarbanes-Oxley Act.
    For the twenty-six weeks ended December 2, 2005, basic and diluted
loss per share was ($.03) compared to $.02 last year, on net sales of
$51,461,951 versus $49,618,186, a 4% increase.
    The following is a summary of net sales and income information for
the thirteen weeks and twenty-six weeks ended December 2, 2005 and
November 26, 2004.


                     Thirteen Weeks Ended     Twenty-Six Weeks Ended
                   --------------------------------------------------
                   December 2,  November 26, December 2,  November 26,
                       2005       2004          2005         2004
                   --------------------------------------------------
Net Sales          $25,430,115  $24,851,760  $51,461,951  $49,618,186

(Loss) income
 before income
 taxes             $  (458,027) $   (19,340) $  (559,760) $   279,185
Income taxes          (168,996)     (12,127)    (206,487)      98,223
                   -----------  -----------  -----------  -----------
(Loss) net income  $  (289,031) $    (7,213) $  (353,273) $   180,962

Basic and diluted
 (Loss) earnings
 per share         $     (0.02) $     (0.00) $     (0.03) $      0.02
                   ===========  ===========  ===========  ===========

Basic weighted
 shares
 outstanding        11,835,330   11,852,830   11,835,330   11,852,830

Diluted weighted
 shares
 outstanding        11,864,453   11,852,830   11,863,456   11,852,830


    This News Release contains certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995. Actual results could differ materially from those
forward-looking statements. Factors that may cause actual results to
differ materially include price competition, industry consolidation,
raw material costs and effectiveness of sales and marketing
activities, as described in the Company's filings with the Securities
and Exchange Commission.

    CONTACT: Golden Enterprises, Inc.
             Patty Townsend, 205-458-7132