Golden Peaks Resources Ltd. - La Fortuna Update

    VANCOUVER, April 2 /CNW/ - Golden Peaks Resources Ltd. (TSX: GL). The
Company is pleased to update drilling progress on its La Fortuna gold project
in Patagonia, Argentina. The Company is currently drill testing the T-11 zone
and its immediate extensions to the NW and SE. Concurrently, the Company is
conducting additional drilling on the G zone where the discovery of a new high
grade gold zone was recently announced (Reference: News Release February 27,

    In April-May the Company plans to drill test:-
        -  Surface gold mineralization between the T-11 zone and the
        -  Surface gold mineralization along the A Structure SE of the T-11
        -  Extensions to the G zone
        -  Untested surface gold mineralization on the CR Structure
        -  ML zone

    Drill results will be announced when available.

    The La Fortuna project covers a large mineral district in which eight
zones of structurally controlled gold mineralization have been identified. The
structures which host the various gold zones total in aggregate a lineal
distance of approximately 15 kilometers. Please refer to the property and
structural map at
    The drill contractor is Connors Argentina S.A. Split/sawn core samples
are assayed by Alex Stewart (Assayers) Argentina S.A., a certified ISO 9002
laboratory. In accordance with the Company's QC/QA policy all high grade
samples will be check assayed at a different laboratory. 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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