February 3, 2004 – Golden Arch Resources Ltd. (the “Company”) is pleased to announce that a private placement is being arranged consisting of 3,000,000 Units at $0.30 Cdn per Unit for total proceeds of $900,000.00, subject to regulatory approval. 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 $0.40 per share for a period of 18 months. A finder’s fee is payable on a portion of the private placement, subject to regulatory approval. Proceeds will be used for the development of the Company’s Mildred Peak project in Pima County Arizona, and for corporate overhead.
On behalf of the Board of Directors of Golden Arch Resources Ltd. “Les Kjosness”<br>President
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