Re: News Release - Monday, June 21, 2010
Title: Golden Peaks Cuts 28 Meters of 0.60 Percent Copper at La Fortuna Gold Project, Argentina

June 21, 2010 -- Vancouver - Golden Peaks Resources Ltd. (TSX: GL) (the "Company") is pleased to report copper assays from holes LF-142, LF-143 and LF-144 drilled on the T-11 zone of its La Fortuna Gold Project, Argentina.

Significant copper mineralization in the form of chalcopyrite is associated with the gold mineralization in holes LF-142, LF-143 and LF-144. Hole LF-143 cut 28 meters grading 0.60% copper including 3 meters grading 1.71% copper. Hole LF-144, drilled east of LF-143 and at approximately the same elevation, cut 13.5 meters grading 1.05% copper, 7.0 g/t gold and 9.7 g/t silver, starting at surface.

Hole #		From (m)	To (m)	Interval (m)	Cu %	Gold g/t	Silver g/t
LF-141						Pending

LF-142		19.00	25.50	6.50	0.05	2.86
		54.00	84.00	30.00	0.17	3.00
	incl	56.00	59.50	3.50	0.69	3.80	10.74
	incl	63.00	84.00	21.00	0.13	3.60
	incl	71.00	78.50	7.50	0.25	7.32	5.32

LF-143		1.50	29.50	28.00	0.60	4.88	4.56
	and	19.00	22.00	3.00	1.71	20.00	12.26
		31.50	40.50	9.00	0.18	0.48	2.00

LF-144		0.00	13.50	13.50	1.05	7.00	9.71

Drill hole data for the holes reflect down hole core lengths. True widths cannot be reliably estimated at this time.

See hole location map (http://www.goldenpeaks.com/s/Image.asp?i=maps/2010-04-20_NRM.jpg&id=395748)

The presence of significant gold, copper and silver indicates a change in the character of the mineralization at the east end of the T-11 zone. The shallow, high grade, gold-copper mineralization intersected in holes LF-142, LF-143 and LF-144 remains open to the east where surface samples indicate a previously unrecognized gold bearing structure (NR April 20,2010).
The Company believes this undrilled area may contain significant gold-copper mineralization at shallow depths (<100 meters).

The drilling at La Fortuna continues to return excellent results. These holes along with all the holes (91) in the area show a persistence in gold mineralization along 1.4 km of structure.

Mineralization at the La Fortuna project occurs as a series of northwest-trending parallel vein zones, breccias and mineralized faults hosted within a broad, northwest trending regional fault zone. The mineralization has not yet been drilled at significant depths and the Company is optimistic regarding the potential for additional discoveries in the T-11 zone.

Chairman Scott Emerson said "The shallow, high grade gold-copper-silver mineralization is a significant contribution to the value per tonne of the mineralization and is an important development in the advancement of the La Fortuna project".

The Diamond drill contractor is Energold Drilling Corp. A lightweight, portable drill is being used to minimize environmental impact. All samples are being assayed by Alex Stewart (Assayers) Argentina S.A.

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.

Media Information, contact:
Scott Emerson, Chairman and Director
,a href="http://www.goldenpeaks.com/mailto:SE@goldenpeaks.com">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.

View News Release in PDF Format:

Associated File: http://www.goldenpeaks.com/i/pdf/2010-06-21_NR.pdf: 45 KB in size, approx. 9 seconds to download at 56.6Kbps

Golden Peaks Resources Ltd.

	EXPLORATION STAGE
	CODE : GL.TO

	CUSIP : 28114L106

Follow and Invest

Add Alert	Add to Watchlists	Add to Portfolio	Add Note

Profile Market
Indicators VALUE :
Projects & res.Press
releases Annual
report RISK :
Asset profile Contact Cpy

Golden Peaks Res. is a gold exploration company based in Canada.

Golden Peaks Res. holds various exploration projects in Argentina.

Its main exploration properties are GOLDEN CATEO and LA FORTUNA in Argentina.

Golden Peaks Res. is listed in Canada. Its market capitalisation is CA$ 29.9 millions as of today (US$ 29.4 millions, € 23.1 millions).

Its stock quote reached its highest recent level on December 31, 2007 at CA$ 2.90, and its lowest recent point on December 05, 2008 at CA$ 0.15.

Golden Peaks Res. has 115 059 000 shares outstanding.

Legends
	Production
	Mine development
	Discovery
	Exploration
	Past producer
On Google Earth, click on the button, to show property information, and access to project page or company page.