Golden Peaks Resources Ltd. - La Fortuna Gold Project: Accelerates Drilling

VANCOUVER, Feb. 24 /CNW/ - Golden Peaks Resources Ltd. (TSX: GL) (the "Company") announces that mobilization of the second drill rig to the Company's La Fortuna Gold Project, Chubut Province, Argentina is now complete and the second rig is now drilling. The mobilization was announced on February 11 2010.

To accelerate the current drill program both drill rigs have increased to two shifts and are now operating 24 hours per day.

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.

SOURCE GOLDEN PEAKS RESOURCES LTD.

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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