Completion of Initial Public Offering
GOLDEN PEAK MINERALS INC.
9285 - 203B STREET LANGLEY, BRITISH COLUMBIA, V1M 2L9
Telephone: (604) 290-6152 Facsimile: (604) 888-1892
NEWS RELEASE
COMPLETION OF INITIAL PUBLIC OFFERING
April 10, 2013
GOLDEN PEAK MINERALS INC. (the “Company”) (TSX-V: “GP”) is pleased to announce that it has completed its Initial Public Offering of 4,500,000 common shares at a price of $0.15 per common share (the “IPO”) for gross proceeds of $675,000. Jordan Capital Markets Inc. (the “Agent”) has been paid a cash commission equal to 8% of the proceeds from the sale of common shares pursuant to the IPO and a cash corporate finance fee. Additionally, the Company has granted agents’ warrants to the Agent and members of its selling group entitling them to purchase up to 305,600 common shares at an exercise price of $0.15 per common share, exercisable on or before April 10, 2015. The Company currently has 8,900,000 common shares issued and outstanding.
The Company’s common shares are expected to commence trading on the TSX Venture Exchange on Friday, April 12, 2013 under the trading symbol “GP”.
About the Company
The Company is engaged in the business of mineral exploration in British Columbia. Its objective is to locate and develop economic precious and base metals properties of merit and to conduct its exploration program on the Columbia Shear Property. The Columbia Shear Property consists of twenty-two contiguous mineral claims comprising an aggregate 3,240.23 hectares, located in the Victoria Mining Division, British Columbia.
The Company announces that the recommended Stage I work program consisting of compilation of all existing data into a GIS database, reprocessing and interpretation of the airborne VTEM data and follow-up ground geochemical and geophysical surveys is scheduled to commence within the next several weeks.
ON BEHALF OF THE BOARD OF DIRECTORS
s/ “Robert Coltura”
Robert Coltura, President and Chief Executive Officer
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.