11/27/2003- United Bolero Development Corp JV?

[Franko10 ™]

GOLDEN ARCH RESOURCES LTD.
#928 – 470 Granville Street, Vancouver, BC V6C 1V5 3
Phone: [phone] Fax: [phone]
www.goldenarchresources.com email: [e-mail]
GAI: TSX Venture Exemption 12g3 - 2(b)
GARCF: O.T.C SEC File # 82-659

NEWS RELEASE

November 27, 2003 – Golden Arch Resources Ltd. (GAI) wishes to announce that the proposed joint venture with United Bolero Development Corp. originally announced in May of 2003 concerning development of GAI’s Mildred Peak property in Arizona will not go forward, according to the proposed mutual agreement of the two companies.

All outstanding matters in respect of this proposal have now been settled in full between the parties, and GAI has refunded to United Bolero the $25,000 in deposits paid to GAI earlier this year to secure an interest in the proposal. In addition, as part of a full and final mutual release, and with no acknowledgement of fault or liability by either party, GAI will be issuing 100,000 free-trading common shares to United Bolero.

With the completion of this agreement to pursue separate endeavors, GAI will now proceed alone with the development of Mildred Peak.

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