01/20/2003- 2003 Exploration Program Commences

[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

2003 Exploration Program Commences at Mildred Peak, Arizona

January 20, 2003

The Company is pleased to announce that it is commencing an exploration program on its Mildred Peak Gold/Silver/Copper property in Pima County, Arizona. The Mildred Peak Property consists of four high-priority, precious metal, road-accessible exploration projects in an area with good infrastructure. The Jupiter Gold, Placeritos Gold, and historic Gold Bullion Mines are exploration prospects that have all returned ore-grade gold/silver assays, while the Malachite Silver project, grading approximately 15 oz per ton silver and 1% copper, appears to be a significant skarn prospect. The Company holds claims and mineral leases over approximately a five-mile strike length, covering the copper/silver mineralization as well as the gold occurrences, on which preliminary work has uncovered significant showings. Rock-chip samples on the property have graded up to one ounce of gold per ton.

As part of the exploration program the Company will be excavating trenches in both the Gold Bullion/Jupiter Mine area and the Placeritas area to attempt to confirm and extend the gold zones identified in trenching in 2002. In the earlier trenches the sampling returned economic to nearly economic grades over mineable widths, including the following:

e.g. Trench A 64m (210 ft) @ 0.036 opt Au (1.247grams Au per metric tonne)
including 2m (6.6 ft.) @ 0.21 opt Au (7.3 grams Au per metric tonne) and Trench B 70m (230 ft) @ 0.027 opt Au (0.917 grams Au per metric tonne) including 4m (13 ft.) @ 0.13 opt Au (4.6 grams Au per metric tonne) In addition the company will be completing a detailed ground magnetometer survey in the area of the Malachite-Silver zone.

The Company is also pleased to announce that James H. Broad, L.L.B., has been appointed to the Board of Directors.

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