December 3, 2004 - Vancouver, BC. Golden Arch Resources Ltd. (the ‘Company’) is pleased to announce a private placement of 7,000,000 Units at $0.17 per Unit for total proceeds of $1,190,000, 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 $0.25 for a period of two years. A finder’s fee is payable to Canaccord Capital Corporation on 1,000,000 Units, in the amount of 70,000 Units, 200,000 Broker’s Warrants, plus $2,000 administration fee. A finder’s fee of 5% is payable on the remaining 6,000,000 Units, payable in cash and/or shares. Proceeds will be used for the development of the Company’s Mildred Peak project in Pima County, Arizona, and for corporate overhead.