06/06/2001- Drilling to begin , Financing arranged

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GOLDEN ARCH RESOURCES LTD.
8930 OAK STREET, VANCOUVER, BC V6P 4B7
[phone] 1-800-661-0091 Fax: [phone]
NEWS RELEASE
Symbol: GAI (CDNX) Exemption 12g3 - 2(b)
O.T.C. GARC-F SEC File # 82-659

Drilling to begin , Financing arranged, Working Interest Increased

Vancouver B.C., June 6, 2001: Further to the Company's news release of June 4, 2001, Golden Arch Resources Ltd. is pleased to report that its Barnett Shale play Operator, the Cumming Company of Fort Worth, Texas, has reported access road and drill site work is complete on the #2 and #5 Wimberly locations in Jack County, Texas. Back to back drilling of the two wells is expected to begin within one week. Both well locations are direct offsets from the successful #7 Wimberly, and nine miles west of the original 1959 conglomerate discovery of George P. Mitchell. The original discovery lease was produced by Mitchell Energy for 40 years. It was drilled again when it was then completed as a Barnett Shale producer. Golden Arch has exercised its option to increase is working interest in the Wimberly acreage to 25% and has arranged funding for the next two wells to be drilled.

A Private placement has been arranged with 4 parties in the amount of C$300,000. A combination of convertible loans, shares and share purchase warrants will be issued in accordance with CDNX policies. The strike price of the shares and share purchase warrants to be issued is $0.12 Cdn. Canaccord Capital will be paid a finders fee in connection with the financing. In addition a debt settlement agreement has been reach with one creditor in the amount of $50,000. The private placement and debt settlement agreements are subject to the acceptance of the Canadian Venture Exchange.

For further information on this news release please contact Richard J. Watson 1-800-661-0091,

On behalf of the Board of Directors of Golden Arch Resources Ltd.
"Richard J. Watson"
Director