EXHIBIT 99.1

         Gouverneur Bancorp Announces Fiscal 2006 First Quarter Results

Gouverneur, New York, February 6, 2006: Gouverneur Bancorp, Inc. (AMEX: GOV)
(the "Company") and its subsidiary, Gouverneur Savings and Loan Association (the
"Bank"), today announced the results for the first quarter of fiscal year 2006
ended December 31, 2005.

For the three months ended December 31, 2005 the Company reported net income of
$295,000, or $0.13 per diluted share, representing an increase of $76,000, or
34.7%, over last year's net income of $219,000, or $0.10 per diluted share. The
annualized return on average assets and the return on average equity increased
to 0.96% and 6.26% for the three months ended December 31, 2005 from 0.81% and
4.83%, respectively, for the three months ended December 31, 2004.

Total assets grew $0.7 million, or 0.6% to $122.9 million during the first three
months of fiscal 2006, while net loans increased $2.9 million, or 3.0%, to reach
$99.7 million over the same period.

Commenting on the quarter's results, Mr. Bennett said, "Growth of our balance
sheet over the past three years, particularly in mortgage loans, has allowed us
take advantage of the low cost of funds. Now we see our funding costs increasing
in response to short-term interest rate increases by the Federal Reserve, while
mortgage loan rates remain flat. Continuing to grow the loan portfolio will help
offset the increased cost of funds. However, the incremental margin will be
reduced and it is uncertain that we can grow enough to offset the full impact of
the narrower spread. At the same time, our past growth helps to reduce our
exposure to the margin contraction. The flat yield curve will present challenges
to us over the coming months."

Residential mortgage loans increased by $2.7 million, commercial loans grew by
$0.4 million and other consumer loans decreased by $0.2 million as total loans
grew from $96.8 million to $99.7 million from September 30, 2005 to December 31,
2005.

Net interest income increased by $79,000, or 7.8% from $1,017,000 for the
quarter ended December 31, 2004 to $1,096,000 for the quarter ended December 31,
2005. Interest income increased $323,000, or 21.5%, while interest expense
increased $244,000, or 50.5% over the same period. Non-interest income increased
$22,000, or 17.9% to $145,000 for the quarter ended December 31, 2005 compared
to $123,000 for the quarter ended December 31, 2004. Service charges increased
$16,000 from last year and we booked a $7,000 gain on the sales of loans in the
quarter.

Non-interest expenses decreased by $2,000 from the first quarter of fiscal 2005
to the first quarter of fiscal 2006. Directors fees, occupancy and equipment and
other operating expenses increased by $9,000, $13,000 and $11,000, respectively,
while decreases in salaries and employee benefits of $14,000 and foreclosed
asset expense of $20,000 helped to keep non-interest expenses in check. A change
in our health insurance coverage eliminated the self-insurance portion
liabilities and resulted in a savings of $20,000 in the first quarter. Director
fees increased as the result of an increase in meeting fees. Occupancy and
equipment expenses increased as equipment and software maintenance contract
expense increased by $8,000 and building maintenance contracts increased by
$6,000. The increase in other operating expense was mainly due to an additional
$4,000 in advertising expense and $6,000 in miscellaneous expense.


Non-performing loans were $616,000 at December 31, 2005, compared to $451,000 at
December 31, 2004. Non-accrual loans were $616,000 at the end of the first
quarter of fiscal 2005, compared to $395,000 one year earlier. The loan loss
provision was $25,000 and net charge-offs were $21,000 for the quarter ended
December 31, 2005. The allowance for loan losses was $873,000, or 0.86% of total
loans outstanding at December 31, 2005 as compared to $779,000, or 0.90% at
December 31, 2004.

Deposits increased $0.4 million, or 0.6%, to $64.4 million at December 31, 2005
from $64.0 million at September 30, 2005. Advances from the Federal Home Loan
Bank of New York ("FHLB") decreased from $36.8 million at September 30, 2005 to
$36.5 million at December 31, 2005.

Shareholders' equity was $19.0 million at December 31, 2005, an increase of 1.6%
over the September 30, 2005 balance of $18.7 million. The book value of
Gouverneur Bancorp, Inc. was $8.32 per common share based on 2,287,684 shares
outstanding at December 31, 2005.

The Company, which is headquartered in Gouverneur, New York, is the holding
company for Gouverneur Savings and Loan Association. Founded in 1892, the Bank
is a federally chartered savings and loan association offering a variety of
banking products and services to individuals and businesses in its primary
market area in southern St. Lawrence and northern Lewis and Jefferson Counties
in New York State.

Statements in this news release contain forward-looking statements as that term
is defined in the Private Securities Litigation Reform Act of 1995. These
statements are based on the beliefs of management as well as assumptions made
using information currently available to management. Since these statements
reflect the views of management concerning future events, these statements
involve risks, uncertainties and assumptions. These risks and uncertainties
include among others, the impact of changes in market interest rates and general
economic conditions, changes in government regulations, changes in accounting
principles and the quality or composition of the loan and investment portfolios.
Therefore, actual future results may differ significantly from results discussed
in the forward-looking statements due to a number of factors, which include, but
are not limited to, factors discussed in the documents filed by the Company with
the Securities and Exchange Commission from time to time.

For more information, contact Robert J. Twyman, Vice President and Chief
Financial Officer at (315) 287-2600.