01/30/2004- Drilling at Mildred Peak Begins

[Franko10 ™]

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

NEWS RELEASE

Initial Diamond Drilling at Mildred Peak Begins

January 30, 2004 – Golden Arch Resources (the “Company”) is pleased to announce the beginning of a preliminary drilling program on the Mildred Peak Gold Property in Pima County, Arizona. Layne Christensen Company has been contracted by the ‘Company’ to do the initial drilling program of the Mildred Peak property. The drilling program consists of approximately 4,300 feet of NX (1.875 in) diameter core. Layne Christensen will be mobilized by the second week of February, 2004. The two main targeted areas are the high grade Amado Area located in the southern part if the property, and the low grade Jupiter Area located in the north. The Amado Area consists of the Rachel zone and the Michelle zone. The Michelle zone, which was trenched by the ‘Company’ in 2003 had reported exciting results which were news released on May 28, 2003 of an area approximately 95 meters long (311ft.) and an average with of 8.25 meters wide (27ft.) The weighted results of the Michelle zone were approximately 11.3 grams gold per ton (0.33opt Au).

The Jupiter Mine Area, believed to be a large gold mineralized zone over 2km long with moderate to highly anomalous values, was initially trenched in May 2002. News release June 19, 2002, reports anomalous samples ran as high as 2,800 ppb., with grab samples within this area having grades as high as 1.27 opt Au. Trenches A,B and C, in the Jupiter Area had values in excess of 1.5 g/t Au (0.044 opt), four additional short trenches on an extended line northeast from Trench A had results ranging from 4m @ 1.70g/t Au (0.050 opt) to 2m@9.5g/t Au.(0.28 opt). Trench H, ranged from 1.5 g/t Au (0.044 opt) to 9.5 g/t Au (0.28 opt.).

The current preliminary drill program will test the shallow dept extension of the significant results developed in the surface trenching program. Golden Arch Resources will continue to explore and develop the Mildred Peak Property in 2004 with additional sampling and trenching followed by future drill programs.

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