May 07, 2009, - Vancouver - Golden Peaks Resources Ltd. (TSX: GL) (the "Company") is reviewing the geology, geophysics and geochemistry of the G deposit prior to the proposed diamond drill program.

Gold mineralization has been intersected in the G deposit over a distance of approximately 700 meters. The mineralization is open along strike and to depth. The mineralization is associated with broad conductive structural zones which geophysics shows, persist to depths of greater than 500 meters.

G deposit mineralization comprises high grade gold-rich quartz vein systems intruded into broader zones of gold mineralization in replacement pyrite bodies. Surface mineralization covers an area of approximately 100 X 125 meters. Within this area the high grade intersections, up to 4.0 meters @ 10.57 g/t gold & 15.76 g/t silver, typically consist of quartz veins/breccias.

http://www.goldenpeaks.com/i/maps/g-...

The roots (?) of the high grade vein systems were identified by a CSAMT survey. Also, high grade gold-rich quartz veins have been intersected in drilling.

Two CSAMT survey lines were run over the G deposit at a separation of approximately 350 meters. An analysis of the 2D inverse models from a CSAMT survey show resistive bodies bounded by conductive zones underneath the G deposit. Two additional structures, flank the G deposit; neither has been drilled and both are associated with a strong conductive zones which extend to + 500 meters depth.

http://www.goldenpeaks.com/i/maps/Gz...

There is a strong probability to expand the gold deposit in this immediate area and especially in the high impact gold targets immediately below the G deposit.

Media Information, contact:
Scott Emerson, Chairman and Director
[email protected]

Investor Information, contact:
Mike Kordysz, Investor Communications
[email protected]

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.