Kommunikationsplattform für Anleger und

davon aus, dass jedes Projekt das Potenzial hat, sich zu einem bedeutenden Goldvorkommen zu entwickeln. Derzeit treibt das Unternehmen sein wichtigstes Projekt, das La Fortuna Gold Projekt, mit Nachdruck voran. Das Unternehmen setzt im Jahr 2008 sein umfangreiches Bohrprogramm fort und wird mit Sicherheit seine Explorationsziele erreichen.

Delta project is located in the province of La Rioja, adjacent to the international border with Chile and in close proximity to the Cerro Casales porphyry gold deposit; a joint venture between Barrick Gold Corporation and Kinross Gold Corporation. The La Fortuna project is centrally located in the province of Chubut.

Given the current global economic climate the Company is pleased to announce that it continues to forge ahead with its 2009 program and has made excellent progress in that regard on both current projects. The following summary provides insight with respect to each project :

Cerro Delta -----------

The Company received today the water permit from the La Rioja Ministerio De Infraestructura Secretaria Del Agua, as well as approval of the environmental impact study (EIS) from the La Rioja Secretaria De Mineria y Energia for the proposed diamond drilling program on the project.

Cerro Delta is a porphyry gold-copper system. Recently completed Pole-Dipole IP/Resistivity and Ground Magnetic Surveys by Quantec Geoscience Argentina S.A clearly shows large scale porphyry and associated structural targets coincident with anomalous surface gold values. Due to seasonal conditions drill targets have been selected and the Company is planning on drilling 6 of the top priority targets. The Company is currently evaluating tenders on the drill contract and road upgrading. The Cerro Delta project is located in the Maricunga gold district of Chile/Argentina and lies on the same structure that hosts the Cerro Casale deposit, 20 km to the west.

La Fortuna ----------

The Company, in 2008, expanded the scope and detail of its ongoing baseline environmental monitoring program which was initiated in 2006. The results continue to indicate the company's activities are within the permitted standards of the approved EIS. This work is being done in anticipation of future development. The Company has also completed reclamation and road repairs in preparation for the next phase of exploration drilling on the project.

The Company recently completed a prospecting and sampling program in the Southern part of the project between the Canadon Bagual and ML Zones. Results will be released once complied and evaluated.

The La Fortuna project covers a large mineral district (+ 8,0000 ha/19,800 acres). Prior to the recently completed prospecting and sampling program a total of 21 zones of structurally controlled gold mineralization had been identified. The structures which host the various gold zones total in aggregate a lineal distance of approximately 20 kilometres (prior to completion of the recently completed prospecting and sampling program). The Company has completed 244 drill holes on 20 of the zones on a broad spacing. The wide spaced drilling intersected gold mineralization in every zone and indicates significant potential in every zone. The precious metal mineralization discovered to-date is dominantly of gold, however, silver is locally important. All of the gold mineralization is structurally controlled - veins, replacement bodies of sulphide and mineralized brecciated sub volcanic intrusives.

Working with Snowden Mining Industry Consultants Inc., in preparation of the Company's resource calculation the Company has identified specific gold deposits and exploration targets which require closer spaced diamond drilling prior to estimation of Mineral Resources compatible with the Canadian Institute of Mining ("CIM") Standards. The Company is also preparing, on the recommendation of Snowden, specific format databases for all mineralized drill holes.

The statements herein that are not historical facts are forward-looking statements. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed under the heading "Risk Factors" in the company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

For further information

Media Information, contact: Scott Emerson, Chairman and Director, SE@goldenpeaks.com Investor Information, contact: Mike Kordysz, Investor Communications, MK@goldenpeaks.com