Non-Brokered Private Placement

GOLDEN PEAK MINERALS INC.

SUITE 200 – 551 HOWE STREET VANCOUVER, BRITISH COLUMBIA, V6C 2C2

Telephone: (604) 683-8610 Facsimile: (604) 683-8605

NEWS RELEASE

NON-BROKERED PRIVATE PLACEMENT

July 30, 2014

GOLDEN PEAK MINERALS INC. (the “Company”) (TSX-V: “GP”) is pleased to announce that it has arranged a non-brokered private placement of up to 1,700,000 units (the “Units”) at a price of $0.15 per Unit to raise gross proceeds of up to $255,000 (the “Private Placement”). Each Unit will consist of one common share and one non-transferable share purchase warrant (the “Warrants”). Each Warrant will entitle the holder to purchase one additional common share at a price of $0.20 per common share for a period of two years following the closing date. Finder’s fees may be payable in connection with the Private Placement.

The Private Placement is subject to acceptance by the TSX Venture Exchange. All of the securities issued under the Private Placement will be subject to a four-month hold period.

The proceeds from the Private Placement will be used for general working capital purposes.

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.

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.