Golden Arch Resources

WAKEFIELD LAKES

Historical Zinc Resources Recorded with Saskatchewan Dept. of Mines

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Golden Arch holds an 80% interest in the Wakefield Lakes zinc prospect in northern Saskatchewan. Located approximately 300 kilometers north of La Ronge, the property is situated in the northeast-trending Wollaston Lake metasedimentary belt, approximately 15 kilometers from provincial highway 905. The property consists of six Saskatchewan Government claims covering 3,669 hectares and straddles a steeply dipping quartzite bed that hosts a concordant zinc deposit in a zone of heavy sulphides. Historical drilling on the property has consisted of 43 diamond drill holes of which 17 have intersected significant mineralization in a zone which is known to extend for more than 8 kilometers.

Within the 8- kilometer strike length of mineralization, mineral continuity has been demonstrated over a “central zone” with a strike length of 800 meters. Drilling has intersected mineralization in the central zone along strike and down dip for approximately 60 meters across a true width of up to 40 meters. The zone also appears to be open at depth. Drilling by major companies in the 1960s along the trend of quartzite hosted zinc mineralization has indicated other possible zones of concentration of minerals of similar grade – ie hole GL29 which assayed 1.32% zinc over a true width of 46 meters.

In 2003, An historical resource determination was recorded with the Saskatchewan Department of Mines: 2,630,088 tonnes grading 3.67% zinc and 0.53% lead, using a 2% zinc cut-off.

If this resource calculation is correct, assuming a 90% recovery for zinc and a 70% recovery for lead, then at current metal prices, each tonne of this resource would have an estimated gross value of US $110.00.

Golden Arch is now assembling all available drill data and reports in preparation for a drilling program to further test along strike and down dip extensions of the mineralization. Drilling would also provide the data necessary for the Company to confirm and expand the historical resources in accordance with NI Policy 43-101.

Geology of the Property

Richard Somerville has prepared a summary report on Wakefield Lakes.

Terms of the Agreement

Golden Arch has entered into an agreement with 101083503 Saskatchewan Ltd. To acquire he 80% interest in the property by spending $500,000 in work per 20% acquired interest and by issuing 7,000,000 shares in four tranches:

Shares

Upon signing 1,500,000

Within 24 months of regulatory approval 1,500,000

Within 36 months of regulatory approval 1,500,000

Within 48 months of regulatory approval 1,500,000

Within 60 months of regulatory approval 1,000,000

TOTAL 7,000,000

Work Commitment

Within 24 months of regulatory approval $500,000

Within 36 months of regulatory approval $500,000

Within 48 months of regulatory approval $500,000

Within 60 months of regulatory approval $500,000

TOTAL $2,000,000

After Golden Arch completes each tranche of work and share transfer (i.e. after 24, 36, 48, and 60 months as above), it will have earned successive 20% interests in the property.

Upon the property achieving commercial production, the Company will transfer to the vendor an additional 2,000,000 shares for every 20% interest it has earned up to a maximum of 8,000,000 shares. Only one claim has a net smelter royalty of 1%, payable to a third party.

Golden Arch will be the operator while it is still earning an interest and after, if it has the largest interest, and will be entitled to charge a 10% management fee on all expenditures on the property. After the first $500,000 work program is completed, the vendor is required to contribute to cash calls as a participating 20% joint venture partner in order to retain its 20% working interest in the property. Any party, which does not contribute to the work program as required by the operator, will lose 5% interest in the property for every $125,000 of non-contribution, which is funded by the other party.

The agreement was approved by the TSX Venture Exchange on March 1, 2007.

International Mining Magazine Puts the Spotlight on Zinc

Zinc prices have increased by 500% in the past 3 years. Inventories at LME are 88,000 tonnes and depletion is about 1,000 tpd. There is no expected new zinc supply expected within the next two years

In January 2007 issue, this publication featured zinc in a 16-page editorial by Sally Higgins, associate editor. Some of the key points brought forward:

Low stockpiles has resulted in zinc forecast price for 2007 to rise from $1.48/lb - $2.06/lb
Int. Lead & Zinc Study Group expects global demand for refined zinc to increase 2,6% to 11.35 MT
Chinese demand forecast to rise 6.9%, accounting for 30% of world zinc usage.
World zinc mine output will increase by 7.3% to 11.12Mt in 2007 due to mine openings, re-openings and expansions.
Significant players include Australia, China, Bolivia., India, Canada, Kazakhstan and Portugal
Experts predict demand will exceed supply until 2010
Greatest demand is for galvanized steel
Largest consumer and producer of galvanized steel is China, and accounts for 35% world demand
Hard to extract zinc from scrap due to difficulty of salvaging zinc layers from steel; out of 10.5 Mt, only 500,000 t are zinc from scrap recovery
National Australia Bank says fundamentals of zinc are most favourable of all metals as demand continues to outpace supply.

Jason Hommel of Silver Stock Report also Bullish on Zinc!

Readers can access his full commentary on zinc via: www.silverstockreport.com or hear his interview with Al Korelin, of Korelin Economics Report at: http://kereport.com/videos/JH-SanFran1.shtml.

Zinc Has Many Uses!

More than one-third of zinc is used to galvanize metals such as iron and steel in order to prevent corrosion. The metal is also used in roof cladding and dry batteries. Oxidized, it is used in the manufacture of paints, rubber products, floor coverings, cosmetics/pharmaceuticals, printing inks, textiles and the like. As a sulphide, it is used in making luminouis dials, tv and x-ray screens, paints and fluorescent lights.

Key Zinc Players in Today’s Commodities Market

Major players include: