Golden Arch Resources---GAI.V Message Board

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Gold/Mining/Energy : Golden Arch Resources---GAI.V

GAI 8.800

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Mar 22 5:00 PM EST

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To: JR. who wrote (83)	4/29/1997 7:17:00 PM
From: Oak Man.	of 359

*TO ALL* GOLDEN ARCH RESOURCES LTD. 8930 OAK STREET, VANCOUVER, B.C. V6B 4B7 (604)266-9910 1-800-661-0091 FAX: (604)266-5000 Email: oak@bc.sympatico.ca NEWS RELEASE O.T.C. Bulletin Board: GARCF Exemption: 12g3 - 2(b) Symbol GAI (VSE) S.E.C. FILE # 82-659 1ST WELL STAKED USING 3-D TECHNOLOGY IN WILLISTON BASIN VANCOUVER - April 29, 1997 - Golden Arch Resources Ltd. has staked it's first well in the Williston Basin, based on the interpretation of it's 3-D seismic shoot. The location is 27-25 N. 56 E. in Richland County, Montana. The objective target is the Red River Zone at a depth of 12,000 feet. This well is expected to be spudded in mid May, 1997. Recent industry activity in the 3-D exploration play has resulted in several 300 plus barrels oil per day discoveries within a few miles of this location. With the utilization of 3-D seismic technology, the success rate dramatically increases the successful wells from the Red River formation. Golden Arch Resources Ltd. has a 25% working interest in 40,000 gross acres to date, and plans to drill 6 wells in this area in 1997, and the ongoing acquisition of additional leaseholds. On behalf of the Board of Directors of Golden Arch Resources Ltd. Original signed by: Richard J. Watson Director Dave Oak Management oak@bc.sympatico.ca

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