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Re:   News Releases - Monday, March 22, 2010
      Golden Peaks Cuts 30 Meters of 3 g/t Gold
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March 22, 2010, -- Vancouver -- Golden Peaks Resources Ltd. (TSX: GL)
(the "Company") is pleased to report assays for hole LF-142 drilled on
the T-11 zone of its La Fortuna Gold Project, Argentina.

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Hole No       From (m)      To (m)    Interval    Gold g/t  Hole Depth
                                         (m)                     (m)
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                                                   Assays
LF-141                                             pending      167.73
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LF-142           19.00       25.50        6.50        2.86      126.55
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       incl      19.00       22.00        3.00        4.49
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       incl      24.50       25.50        1.00        5.11
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                 45.00       48.00        3.00        0.49
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                 54.00       84.00       30.00        3.00
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       incl      54.00       59.50        5.50        2.53
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       incl      63.00       84.00       21.00        3.60
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       incl      71.00       78.50        7.50        7.32
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       incl      71.00       74.00        3.00       14.87
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       incl      71.50       73.50        2.00       21.40
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       incl      71.50       73.00        1.50       26.60
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                                                      Assays
LF-143                                               pending    100.00
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                                                     Assays
LF-144                                               pending    100.76
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Drill hole data for the holes reflect down hole core lengths.
True widths cannot be reliably estimated at this time.
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The latest drilling at T11 continues to return excellent results
(Figure 1). Hole LF-142 is one of four holes drilled to better define
the T-11 zone. The multiple intersections in LF-142 demonstrate the
continuity of the gold mineralization throughout the system. The
intersection in hole LF-142 is consistent with previous drill holes in
the T-11 zone and confirms that mineralization is present in similar
style and grades along strike. See drill location map
(http://www.goldenpeaks.com/i/maps/LaF_NR.jpg)

Eighty-nine holes have now been drilled on the T-11 zone over a strike
length of 1400 meters and +96% of the holes have intersected gold
mineralization. The Company is confident the T-11 zone will be expanded
by the current drill program.

Golden Peaks is also drilling reconnaissance and in-fill holes on the G
zone and targeting the possible higher grade root zones of the
gold-bearing quartz veins/breccias which occur in the T-11 and G zones.
These targets, which underlie and flank the T-11 and G zones, were
identified by a CSAMT survey and in part by drilling. The CSAMT survey
indicates the conductive zones that host the gold mineralization
persist to depths in excess of 500 meters. One such CSAMT zone lies
approximately 200 meters southwest of the G zone. This is a priority
target and is currently being drilled.

Assays from other holes drilled in this program will be released once
received, verified and evaluated.

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
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) 2010 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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