08/26/2003- refiled its Schedule C

[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

August 26, 2003 – Golden Arch Resources Ltd. (GAI –TSX V) is pleased to announce it has amended and refiled its Schedule C: Management Discussion and Analysis for the nnual audited financial statements for the year ended January 31, 2003, as required by the British Columbia Securities Commission (the “Commission”) The Company has undergone a continuous disclosure review by the British Columbia
Securities Commission as part of their ongoing program to improve the quality of disclosure provided to investors. In particular, the Commission required discussion on the following items, pertaining to the Company’s annual audited financial statements:

1. The nature of “Interest and other income” and how it was earned in the fourth quarter of fiscal 2002.
2. Bad debt recovery.
3. Petroleum and natural gas prospects including, the Company’s working percentage interest in each property, locations of the properties and the nature and purpose of the costs incurred on the properties in fiscal 2002.
4. Amount due from other public company, including the terms of the loan, including the interest rate and the terms of repayment. Also, whether or not the loan was subject to TSX-Venture Exchange approval and, if so, if approval was sought and obtained.
5. As the Company has a working capital deficit, the steps taken, or that will be taken, to obtain additional financing sufficient to continue operations.
6. Related party transactions
7. Technical disclosure issues: context and interpretation of results to date; how the Company has done in general; and where it is going in the near future. Amend the disclosure to meet the standards set out in NP 51-201, providing the level of balance, detail, accuracy and context necessary to fully understand the importance of the information being disclosed.

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