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Re:   News Releases - Thursday, February 12, 2009
      Cerro Delta Drill Permits Received
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February 12, 2009, - Vancouver - Golden Peaks Resources Ltd. (TSX: GL)
(the "Company") is pleased to provide an update on the current
activities pertaining to the Company's Cerro Delta and La Fortuna
Argentinean gold projects. The Company has acquired and maintains
controls over a 100% interest in both projects. The Cerro Delta project
is located in the province of La Rioja, adjacent to the international
border with Chile and in close proximity to the Cerro Casales porphyry
gold deposit; a joint venture between Barrick Gold Corporation and
Kinross Gold Corporation. The La Fortuna project is centrally located
in the province of Chubut.

Given the current global economic climate the Company is pleased to
announce that it continues to forge ahead with its 2009  program and
has made excellent progress in that regard on  both current projects.
The following  summary provides insight with respect to each project :

Cerro Delta

The Company received today the water permit from the La Rioja
Ministerio De Infraestructura Secretaria Del Agua, as well as approval
of the environmental impact study (EIS) from the La Rioja Secretaria De
Mineria y Energia for the proposed diamond drilling program on the
project.

Cerro Delta is a porphyry gold-copper system. Recently completed
Pole-Dipole IP/ Resistivity and Ground Magnetic Surveys by Quantec
Geoscience Argentina S.A clearly shows large scale porphyry and
associated structural targets coincident with anomalous surface gold
values. Due to seasonal conditions drill targets have been selected and
the Company is planning on drilling 6 of the top priority targets. The
Company is currently evaluating tenders on the drill contract and road
upgrading. The Cerro Delta project is located in the Maricunga gold
district of Chile/Argentina and lies on the same structure that hosts
the Cerro Casale deposit, 20 km to the west.

La Fortuna

The Company, in 2008, expanded the scope and detail of its ongoing
baseline environmental monitoring program which was initiated in 2006.
The results continue to indicate the company's activities are within
the permitted standards of the approved EIS. This work is being done in
anticipation of future development.   The Company has also completed
reclamation and road repairs in preparation for the next phase of
exploration drilling on the project.

The Company  recently completed a prospecting and sampling program in
the Southern part of the project between the Canadon Bagual and ML
Zones. Results will be released once complied and evaluated.

The La Fortuna project covers a large mineral district (+ 8,0000
ha/19,800 acres). Prior to the recently completed prospecting and
sampling program a total of 21 zones of structurally controlled gold
mineralization had been identified. The structures which host the
various gold zones total in aggregate a lineal distance of
approximately 20 kilometres (prior to completion of the recently
completed prospecting and sampling program). The Company has completed
244 drill holes on 20 of the zones on a broad spacing. The wide spaced
drilling intersected gold mineralization in every zone and  indicates
significant potential in  every zone.  The precious metal
mineralization discovered to-date is dominantly of gold, however,
silver is locally important.  All of the gold mineralization is
structurally controlled - veins, replacement bodies of sulphide and
mineralized brecciated sub volcanic intrusives.

Working with Snowden Mining Industry Consultants Inc.,  in preparation
of the Company's resource calculation  the Company has identified
specific gold deposits and exploration targets which require closer
spaced diamond drilling prior to estimation of Mineral Resources
compatible with the Canadian Institute of Mining ("CIM") Standards. The
Company is also preparing, on the recommendation of Snowden, specific
format databases for all mineralized drill holes.

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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