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Wie bereits früher erwähnt befindet sich das von GL explorierte Gebiet exakt auf der Linie von Cerro Casale, wo Barrick und Kinross bis Mitte des Jahres 2009 mit einer Vorstudie beginnen wollen. http://www.barrick.com/GlobalOperations/Projects/CerroCasale/default.aspx

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
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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
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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

für das Programm erforderliche Umweltstudie (EIS) vom La Rioja Secretaria De Mineria y Energia.

Cerra Delta ist ein porphyres Gold-Kupfer-System. Erst kürzlich haben geologische Untersuchungen von Quantec Geoscience Argentina S.A. Goldvorkommen nachgewiesen.

Golden Peaks wird in diesem Gebiet innerhalb der nächsten Wochen (Drillprogramm ist bereits vollständig finanziert) Bohrungen vornehmen, die die Untersuchungen von Quantec bestätigen sollen. Das Cerro Delta Projekt hat die selbe Mineralisierungsstruktur wie das Cerro Casale Deposit von Barrick und Kinross.

Für das Projekt La Fortuna sind für die ersten Bohruntersuchungen (Canadon Bagual und ML Zonen) Bewertungsgutachten an Snowden vergeben worden. Hierfür werden eigentlich täglich die Ergebnisse erwartet. Es werden durch positive Ergebnisse antipiziert.

Das La Fortuna hat eine Größe von 8000 ha und es sind insgesamt 21 Zonen mit Gold Mineralisierungen über eine Länge von 20 Km gefunden worden.

Bis heute sind 244 Bohrungen auf allen 20 Zonen erfolgt. Die weiträumig durchgeführten Bohrungen ergaben überall Goldfunde, was den Schluss zulässt, daß sich im Bohrgebiet auf 20 km Länge erhebliche Goldbestände befinden. Auch Silber wurde nachgewiesen.

Gemeinsam mit Snowden Mining Industry Concsultant Inc., die das Bewertungsgutachten erstellen (Ressource Calculation)sind spezielle Gold Vorkommen und Explorationsziele identifiziert worden, die einer engeren Bohruntersuchung unterzogen werden müssen, damit die Ergebnisse letztendlich den Anforderungen des Canadian Institute of Mining (CIM) genügen.

previously.

A total of 621 rock samples were collected for assay. http://www.goldenpeaks.com/i/maps/CBPortreroandMLSamples2009.jpg - Thu Mar 5, 2009. The new gold and silver assays, along with anomalous values in epithermal 'gold-pathfinder' elements such as mercury, antimony, arsenic and tellurium, indicate this area of the La Fortuna gold district is expanding rapidly and is highly prospective for the discovery of large deposits of epithermal gold mineralization.

Numerous new zones of structurally controlled mineralization in hydrothermal veins and breccias were discovered in this, highly prospective area. Significant extensions to the Canadon Bagual, Portrero and ML zones were discovered along with a number of exciting new zones. The Canadon Bagual and Portrero zones contain gold and silver rich lead-zinc mineralization. The ML zone, which contains anomalous values of gold, silver, arsenic, mercury, lead and antimony, may represent a clay and silica cap over deeper mineralization.

Prior to this announcement 21 zones of structurally controlled gold mineralization had been identified in the La Fortuna gold district on structures with an aggregate lineal distance of approximately 20 kilometers.

The precious metal mineralization discovered to date is dominantly of gold, however, silver is locally important. PIMA and petrographic work indicates that gold mineralization is epithermal in character and suggests a distinct regional zonation in the styles of mineralization from north to south within the district.

To date, three gold deposits have been discovered (T-11, G and Amphitheatre). A deep penetrating resistivity survey (CSAMT) identified large resistive bodies, possibly gold mineralized quartz veins/breccias, lying immediately beneath the T-11 and G deposits. These resistive bodies may also be the roots of the high grade gold veins - changes in the character and grade of the gold mineralization can be expected deeper in the mineralizing system. These high impact targets beneath the T-11 and G deposits will be tested, at depths of between 200m to 400m.

Since the initial gold discovery in 2006 a total of 244 diamond drill holes have been drilled on 20 of the 21 gold deposits/zones in the La Fortuna gold project on a broad spacing (to size the project). The wide spaced drilling intersected gold mineralization in every zone and indicates significant potential in every zone

This press release has been reviewed and approved by Dr. Kieran Downes, P.Geo., President of Golden Peaks Resources Ltd. and a Qualified Person as defined by National Instrument 43-101, under whose direction the exploration programs are being carried out.

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

Peaks. Das Unternehmen kommt in die alles entscheidende Phase für ein Joint Venture oder Übernahme. Wer das Unternehmen nicht kennt, sollte sich anhand der veröffentlichten Pressemitteilungen selbst ein Bild machen. Die Aktie ist in Toronto unter GL.TO gelistet.

the directors appointed Mr. Scott Emerson as Chairman, Mr. Kieran Downes as President and Chief Executive Officer and Mr. Harvey Lim as Chief Financial Officer and Secretary.

On October 6, 2009 the Company announced a brokered financing to place 4,000,000 units at a price of $0.51 per unit with the warrant priced at $0.64. Insider participation in this financing was established at 163,461 units. The Company and the TSX have agreed that insider pricing for this financing be increased to $0.52 per unit with the insiders' warrant exercise price increased to $0.65.

In Argentina, at the Company's La Fortuna Gold Project, plans are under way for the upcoming work season. Over the last two months, in preparation of the upcoming drill program, the Company has:

- Obtained all the necessary drilling and environmental permits.

- Re-initiated its baseline studies to meet its environmental
regulations during drilling. In 2005 the Company initiated an ongoing
baseline environmental monitoring program. The results of this program
continue to indicate the Company's activities are within the permitted
standards. This work is being done in anticipation of future
development.

- The Company is completing reclamation, road repairs and drill pads in
preparation for the drilling program.


The Company looks forward to resuming work on the La Fortuna Gold project.

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