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Re: News Release - Monday, May 05, 2008
T-11 Zone Extended
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May 5, 2008, - Vancouver - Golden Peaks Resources Ltd. (TSX: GL) is
pleased to report first drill results from the follow up diamond
drilling program on the Hill zone, La Fortuna project, in Patagonia,
Argentina Table 1: (Map 1:
http://www.goldenpeaks.com/i/pdf/2008-05-05_NRM.pdf The Hill zone is
located between the T-11 gold zone and the Amphitheatre gold zones on
the 5 km long A Structure. Surface gold mineralization has been found
along the entire length of the A structure and the highest grades
appear to be in the T-11, Hill and Amphitheatre zones.

Complete results have been received for holes LF-123 and LF-129.
Partial results have been received for hole LF-125. The results confirm
the presence of a gold mineralized zone extending northwest,100 meters,
from hole LF-111 (release April 16,2008). Additional drilling is
required to bracket the mineralization hole LF-125. Additional results
will be reported when received and evaluated.

Table 1
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Hole From To Width Gold
# m m m g/t
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LF-123 13.00 29.00 16.00 0.47
incl 23.00 26.00 3.00 1.53
and 24.00 24.50 0.50 6.35
58.50 64.50 6.00 0.41
73.00 75.00 2.00 2.45
incl 74.00 74.50 0.50 8.03
141.00 142.00 1.00 3.11
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LF-125 48.50 52.00 3.50 2.77
incl 50.50 51.00 0.50 15.47
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LF-129 77.00 83.50 6.50 1.01
incl 81.50 83.50 2.00 2.57
and 83.00 83.50 0.50 8.45
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Widths represent down hole core lengths. True widths cannot be reliably
estimated at this time

The Company is very encouraged with these results which indicate the
presence of a potentially significant new area of gold mineralization
along strike of the T-11 zone, and close to the Amphitheatre zone. The
T-11, Hill, Amphitheatre and HS zones are all parts of a large gold
mineralized system developed along the A Structure. As drilling
progresses it appears likely the T-11, Hill and Amphitheatre zones will
join into one larger zone, approximately 1.3 km (1300 meters), which
to-date has only been drill tested at shallow depths.

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.

The drill contractor is Boart Longyear Latin America. 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 are being 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.

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) 2008 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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