Golden Ocean Group

Report Publication Announcement • Apr 4, 2017

GOGL - Filing of 2016 Annual Report on Form 20-F

GOGL - Filing of 2016 Annual Report on Form 20-F

Golden Ocean Group Limited (NASDAQ and OSE: GOGL) (the "Company") announces that

its annual report on Form 20-F for the year ended December 31, 2016 (the "Annual

Report") has been filed with the U.S. Securities and Exchange Commission (the

"Commission"). The Annual Report may be accessed through the Company's website,

www.goldenocean.bm, or in the link below. The Annual Report is also available on

the website of the Commission, www.sec.gov.

Shareholders may also request a hard copy of the Annual Report, which includes

the Company's complete 2016 audited financial statements, free of charge, by

sending an e-mail to: ir@goldenocean.no.

April 5, 2017

Golden Ocean Group Limited

Hamilton, Bermuda

Contact Person:

Per Heiberg: Chief Financial Officer, Golden Ocean Management AS

+47 22 01 73 45

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Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking

statements. The Private Securities Litigation Reform Act of 1995 provides safe

harbor protections for forward-looking statements, which include statements

concerning plans, objectives, goals, strategies, future events or performance,

and underlying assumptions and other statements, which are other than statements

of historical facts. Words such as "believe", "anticipate", "intends",

"estimate", "forecast", "project", "plan", "potential", "may", "should",

"expect", "pending" and similar expressions identify forward-looking statements.

The forward-looking statements in this press release are based upon various

assumptions.  Although we believe that these assumptions were reasonable when

made, because these assumptions are inherently subject to significant

uncertainties and contingencies which are difficult or impossible to predict and

are beyond our control, we cannot assure you that we will achieve or accomplish

these expectations, beliefs or projections. The information set forth herein

speaks only as of the date hereof, and we disclaim any intention or obligation

to update any forward-looking statements as a result of developments occurring

after the date of this communication.

In addition to these important factors and matters discussed elsewhere herein,

important factors that, in our view, could cause actual results to differ

materially from those discussed in the forward-looking statements include the

strength of world economies, fluctuations in currencies and interest rates,

general market conditions, including fluctuations in charter hire rates and

vessel values, changes in demand in the dry bulk market, changes in our

operating expenses, including bunker prices, drydocking and insurance costs, the

market for our  vessels, availability of financing and refinancing, changes in

governmental rules and regulations or actions taken by regulatory authorities,

potential liability from pending or future litigation, general domestic and

international political conditions, potential disruption of shipping routes due

to accidents, political events or acts by terrorists, and other important

factors described from time to time in the reports filed by the Company with the

Securities and Exchange Commission.

This information is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.