Exhibit 99

Golden Enterprises, Inc. Announces Relocation of Executive Offices and
Retirement of Chief Financial Officer John H. Shannon; Patty Townsend
Promoted to CFO

    BIRMINGHAM, Ala.--(BUSINESS WIRE)--March 1, 2004--Golden
Enterprises, Inc. (NASDAQ: GLDC) today announced that effective March
1, 2004, its executive offices will be relocated from The Park
Building, 2140 11th Avenue South, Suite 208, Birmingham, Alabama
35205, to One Golden Flake Drive, Birmingham, Alabama 35205, P.O. Box
2447, Birmingham, Alabama 35201. All correspondence to Golden
Enterprises on or after March 1, 2004 should be sent to the new
location. Golden Enterprises' telephone number at the new location
will be (205) 458-7316 and its facsimile number will be (205)
458-7327.
    The Company also announced that John H. Shannon, who is the Chief
Financial Officer, Vice President and Secretary of the Company, has
announced his retirement effective March 1, 2004. Mr. Shannon, who
will turn 67 on June 1st of this year, has been employed with the
Company since 1962. The Company has promoted Patty Townsend to Chief
Financial Officer, Vice President and Secretary. Ms. Townsend has been
employed with the Company and its wholly-owned subsidiary, Golden
Flake Snack Foods, Inc., since 1988 and has served as Controller of
Golden Flake since 1997.

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