NEWS RELEASE October 8, 2004. Golden Arch Resources Ltd. (the “Company”) is pleased to announce that it has received proceeds of $202,500 Cdn from the exercise of 1,350,000 share purchase warrants. The warrants entitled the holders to acquire common shares at a price of $0.15 per share on or before October 7, 2004. The Company appreciates the vote of confidence from its shareholders. The funds further strengthen the Company’s cash position and will be used for 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.
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