NEWS RELEASE April 27, 2004 - Golden Arch Resources Ltd. (the ‘Company’) is pleased to report that the private placement announced February 3, 2004 has closed in the full amount of 3,000,000 Units at $0.30 Cdn per Unit for total proceeds of $900,000.00. 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 to Canaccord Capital Corporation. There is a hold period on the shares of four months. 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.
The TSX Venture Exchange assumes no responsibility for the accuracy of this Release and neither approves nor disapproves thereof.
There is only one way to happiness, and that is to cease worrying things which are beyond the power of our will.