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Golden Peak Minerals Announces US Global Investors, Inc. as Key Strategic Shareholders

Financings

GOLDEN PEAK MINERALS INC.

Suite 510-744 West Hastings

Vancouver, British Columbia, V6C 1A5

Tel: +1 (855) 678 5308

Golden Peak Minerals Announces US Global Investors, Inc. as Key Strategic Shareholders

Vancouver, BC – January 19, 2017: Golden Peak Minerals Inc. (TSX-V: GP) (“Golden Peak”

or the “Company”) is pleased to announce that the award winning US Global Investors World

Precious Minerals Fund controls 15.22% of the Company.

Golden Peak recently completed a non-brokered private placement (see press release dated

December 20, 2016), through which the World Precious Minerals Fund acquired a strategic

investment in Golden Peak totaling 1,999,998 common shares.

“We are extremely pleased to have the support from the respected US Global Investors

investment team, which recently received the 2016 winner of the Mining Journal’s Best Americas

Based Fund Manager award. Golden Peak is well-financed to lead exploration initiatives in

2017 across our extensive property position in three known gold districts, including the Hemlo

Gold Camp, Abitibi Gold Camp, and the Rainy River Gold Camp,” commented Todd Hanas,

Interim President and CEO of Golden Peak.

About U.S. Global Investors, Inc.

The story of U.S. Global Investors goes back more than 40 years when it began as an investment

club. Today, U.S. Global Investors, Inc. (www.usfunds.com) is a registered investment adviser

that focuses on niche markets around the world. Headquartered in San Antonio, Texas, the

company provides money management and other services to U.S. Global Investors Funds, the

U.S. Global Jets ETF and other international clients.

About Golden Peak Minerals

Golden Peak Minerals Inc. (TSX.V:GP) is a well-financed Canadian junior precious metals

company, focused on the exploration of its strategic land position assembled in the prolific

Hemlo Gold Mining Camp. The Company is comprised of a proven management group of

experienced technical, geological, engineering, and market/finance professionals, tasked with

building new strategic partnerships to maximize the exploration activity and discovery potential

of its land holdings.

On Behalf of the Board

Todd Hanas, Interim President & CEO

Golden Peak Minerals Inc.

For more information, please contact Todd Hanas, President, at [email protected].

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.