11/29/2002- GOLDEN ARCH AND REDHAWK NEGOTIATIONS

[Franko10 ™]

GOLDEN ARCH RESOURCES LTD.
#928 – 470 Granville Street, Vancouver, BC V6C 1V5
Phone: [phone] Fax: [phone]
Email: [e-mail]
GAI: TSX Venture
GARCF: O.T.C
Exemption 12g3 - 2(b)
SEC File # 82-659

NEWS RELEASE

November 29, 2002

NEW NEGOTIATIONS UNDERWAY BETWEEN GOLDEN ARCH AND REDHAWK

Golden Arch Resources Ltd. and Redhawk Resources, Inc. announce that Golden Arch has been unable to reach a consensus with various stakeholders on acceptance of the terms of the letter of understanding reached between Redhawk and Golden Arch on September 12, 2002. As a consequence Redhawk and Golden Arch have mutually agreed to abandon the September 12 th letter of understanding.

Redhawk and Golden Arch also announce that the Companies are continuing negotiations on an alternate proposal.

On behalf of the Board of Directors
“Les Kjosness”<br>President