La Fortuna Gold Project Argentina - Drilling to Start

	    VANCOUVER, Jan. 11 /CNW/ - Golden Peaks Resources Ltd. (TSX: GL) (the
"Company") is pleased to report that drill crews are mobilizing for the start
of drilling on the La Fortuna Gold Project, Argentina.
	    Drilling will focus on extending the T-11 and G deposits and exploring
for new zones of gold mineralization beneath, adjacent to and between the two
deposits. The T-11 and G deposits are approximately 700 meters apart across
strike, however, both deposits are hosted by the same large gold mineralizing
system which is estimated to measure approximately 2 km(2).
	    The gold mineralization in the T-11 and G deposits is shallow. The
deepest hole drilled to-date on the T-11 deposits tested the zone at
approximately 200 meters vertical depth. The mineralization in the deposits is
simple, gold with minor silver, and it contains no deleterious metals.
	    The current drill program has the potential of adding significant gold
resources in this area.This area is particularly well mineralized and the
Company believes a significant gold resource can be delineated here.
	    The drill contractor is Energold Drilling Corp., a publicly traded
Canadian company based in Vancouver, British Columbia. The drill program will
involve manually portable, low-environmental impact drills. This is an
environmentally and socially sensitive approach to drilling and complements
the development philosophy of the Company's modern mining practices on the La
Fortuna Gold project.
	    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.






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	    /For further information: Media Information, contact: Scott Emerson,
Chairman and Director, [email protected]; Investor Information, contact: Mike
Kordysz, Investor Communications, [email protected]/