Golden Peaks Resources Ltd. - News Release

VANCOUVER, Jan. 4 /CNW/ - Golden Peaks Resources Ltd. (TSX:GL). The Company wishes to announce that it has granted options to its directors, officers and consultants to purchase 1,350,000 common shares in the capital stock of the Company at the exercise price of $.73 per share for a period of two years. The options have been granted in accordance with the provisions of the Company's stock option plan.

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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