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Re:   News Releases - Wednesday, January 21, 2009
      Cerro Delta Project, Argentina
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January 21, 2009, - Vancouver - Golden Peaks Resources Ltd. (TSX: GL)
(the "Company") is pleased to provide an update on its Cerro Delta
Project, La Rioja Province, Argentina. The Company is currently
awaiting approval of its environmental impact study (EIS) for the
upcoming Diamond drilling program on the project. Company and
Government officials are presently on site and drilling will commence
once all permits have been received.

Cerro Delta is a porphyry gold-copper system. The company has recently
received and reviewed the completed geophysical report on the
Pole-Dipole IP/ Resistivity and Ground Magnetic Surveys completed by
Quantec Geoscience Argentina S.A. The new imagery clearly shows large
scale porphyry and associated structural targets coincident with
anomalous surface gold values. Drill targets have been selected for
testing with widely spaced holes.  Once the broad extent of the system
has been established a tighter drill spacing will be used to establish
the distribution of higher and lower grade mineralization in the
system.

The Cerro Delta project is located in the Maricunga gold district of
Chile/Argentina (42 million ounces of gold discovered to date). The
drill targets lie on the same structure that hosts the Cerro Casale
deposit, which is located approximately 20 km to the west. According to
Barrick Gold Corporation the Cerro Casale deposit is one of the world's
largest undeveloped gold and copper deposits. A pre-feasibility study
on Cerro Casale is expected by about mid-2009.
(Ref.:
http://www.barrick.com/GlobalOperations/Projects/CerroCasale/default.a
spx)

Media Information, contact:
Scott Emerson, Chairman and Director
SE@goldenpeaks.com

Investor Information, contact:
Mike Kordysz, Investor Communications
MK@goldenpeaks.com


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.

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Copyright (c) 2009 GOLDEN PEAKS RESOURCES LTD. (TSX-V:GL)  All rights
reserved.  For more information visit our website at
http://www.goldenpeaks.com/ or send mailto:info@goldenpeaks.com
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