Golden Peaks Resources Ltd. - Check Assays

    VANCOUVER, Nov. 14 /CNW/ - Golden Peaks Resources Ltd. (TSX: GL) (the
"Company") is pleased to report the result of check assaying recently
completed on diamond drill core samples from the La Fortuna project, Chubut
province, Argentina. Reject fractions of 401 core samples from 40 holes
drilled on the T-11, Amphitheatre and G zones were check assayed. The suite of
samples comprised high, medium and low grade gold samples. The 40 holes were
drilled over a period of approximately 10 months and all 401 samples were
initially assayed for gold by Alex Stewart (Assayers) Argentina S.A. The
rejects were recently sent to ALS Chemex for check assaying using the same
assaying protocol employed by Alex Stewart (Assayers) Argentina S.A. The
results are presented on the company's web-site
    The Company is pleased with the results. Overall there is good
correspondence between the original and check assays which confirms the
Company's assaying protocol is appropriate for the gold mineralization being
assayed despite the fact the mineralization is from different zones. Such
variation as is observed may be attributable to the nugget effect.
    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 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

For further information:

For further information: Media Information, contact: Scott Emerson,
Chairman and Director,; Investor Information, contact: Mike
Kordysz, Investor Communications,

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