Golden Peak Amends Terms of Manitoba Oyster Property Acquisition

GOLDEN PEAK MINERALS INC.

GOLDEN PEAK AMENDS TERMS OF MANITOBA OYSTER PROPERTY ACQUISITION

Vancouver, BC – December 11, 2015: Golden Peak Minerals Inc. (TSX-V: GP) (the “Company”) announces that, further to its news release dated October 7, 2015, it has re-negotiated the terms on the 100% acquired interest in 4 mineral claims, covering approximately 1,024 hectares located in Manitoba, Canada (the “Property”).

In consideration for the Property, the Company shall issue 1,000,000 common shares in the capital of the Company to an arms-length vendor by March 31, 2016 (original terms of the Agreement stated January 15, 2016). All other provisions in the Agreement shall remain the same. See news release dated October 7, 2015 for full details.

On Behalf of the Board

Robert Cultura, President Golden Peak Minerals Inc.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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