05/26/2003- PP + 750,000 Units to 1 million Units

[Franko10 ™]

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

May 26, 2003 – Golden Arch Resources Ltd. (the “Company”) is pleased to announce that, further to its News Release of May 5, 2003, it has agreed to increase the size of the previously announced Private Placement from 750,000 Units to 1 million Units at $0.15 Cdn. per Unit. Each Unit consists of one common share and one half of one Share Purchase Warrant, with each full warrant entitling the holder to purchase one additional common share at an exercise price of $0.20 per share for a period of 2 years from the date of closing. Management is pleased at the response to this Private Placement, which is now fully subscribed. A finder’s fee is payable to Canaccord Capital Corporation on a portion of the private placement. The private placement and finder’s fee is subject to regulatory approval.

Proceeds will be used for corporate overhead and for development of the Company’s
Mildred Peak Property in Pima County, Arizona. The current phase of trench sampling on the Mildred Peak Property has now been completed, and management is awaiting the assay results of the sampling, and confirmation by a Qualified Person.

On behalf of the Board of Directors of Golden Arch Resources Ltd.
“Les Kjosness”<br>President