11/21/2003- More incentive stock options

[Franko10 ™]

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

NEWS RELEASE

November 21, 2003 – The “Company” is pleased to announce that 1,150,000 of the common share incentive stock options originally offered to the directors, officers and consultants at a price of $0.10 referenced October 16, 2001 have been exercised. The funds will be used for general corporate overhead.

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