Golden Peaks Resources Ltd. - Drilling resumes on La Fortuna project



    VANCOUVER, Jan. 7 /CNW/ - Golden Peaks Resources Ltd. (TSX: GL) reports
that the current drill program has resumed on its La Fortuna gold project in
Patagonia, Argentina, following the Christmas break. Two drill rigs will
continue detailed drilling of the discovery T-11 zone, the Amphitheatre zones,
untested surface gold mineralization on the CR Structure, as well as
reconnaissance drilling of as yet untested parts of the A, E, CB and ML
Structures. http://www.goldenpeaks.com/i/maps/StructureMap-nocap.jpg. All
zones drilled to date are open in all directions.
    All holes drilled prior to the Christmas break have been delivered for
assay and results are awaited.
    The Company is looking forward to an exciting and aggressive drilling
season for 2008 on the Company's gold projects.
    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 TSX Exchange has not reviewed and does not accept responsibility for
    the adequacy or accuracy of this release.

    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:

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

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GOLDEN PEAKS RESOURCES LTD.

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