Golden Peaks Resources Ltd. Announces Name Change to Reliance Resources Limited

Re:        News Releases - Monday, January 09, 2012
Title:     Golden Peaks Resources Ltd. Announces Name Change to Reliance Resources Limited

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January 9, 2012 - Vancouver -- Golden Peaks Resources Ltd. (TSX: GL) (the "Company") is pleased to announce that it has changed its name to Reliance Resources Limited. The shareholders of the Company approved the name change at the Company's Annual and Special Meeting held on November 17, 2011. Subject to the Toronto Stock Exchange's (the "Exchange") acceptance, the common shares of the Company will commence trading on the Exchange under the new name and ticker symbol "RI" at the opening of business on Thursday, January 12, 2012.

The name change aligns the Company and its operating subsidiaries in three continents under the Reliance Brand.

Holders of the Company's share and warrant certificates do not need to take any action as a result of the name change.

The Company has a portfolio of five mineral tenements covering 68,000 acres on the islands of Sulawesi and Halmahera in East Indonesia. The projects offer both exploration potential and an existing resource base. All five projects are adjacent to or along strike from operating gold mines or identified gold resources with similar geology and structural feature. Importantly, all projects have been converted to IUP tenements as required under the new Indonesian Mining Act (2009).

The Company is active on four of its five Indonesian gold projects; currently drilling on the Tanoyan Gold Project and conducting surface exploration programs on the Palopo Gold Project, the Kapa Kapa Gold Project and the Roko Gold Project. All of the projects have easy access via paved and/or gravel roads and the regional infrastructure is good.

Media Information, contact:
Scott Emerson, President
SE@goldenpeaks.com

Investor Information, contact:
Mike Kordysz, Investor Communications
MK@goldenpeaks.com

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Insider Overview :: Golden Peaks Resources Ltd. (T:GL)

Insider Overview :: Golden Peaks Resources Ltd. (T:GL)

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Latest 10 SEDI filings (by transaction date) for GL within the last 6 months	[?]
Amended Filing

					As of 11:59pm ET January 5th, 2012
Filing Date	Transaction Date	Insider Name	Ownership Type	Securities	Nature of transaction	# or value acquired or disposed of	Unit Price
Jan 5/12	Jan 4/12	Emerson, Scott Graham	Direct Ownership	Options	52 - Expiration of options	-450,000
Jan 5/12	Jan 4/12	Leathley, Gillyeard(Gil) James	Direct Ownership	Options	52 - Expiration of options	-100,000
Jan 5/12	Jan 4/12	DeMare, Nick	Direct Ownership	Options	52 - Expiration of options	-175,000
Jan 4/12	Jan 4/12	Lim, Harvey	Direct Ownership	Options	52 - Expiration of options	-50,000
Oct 25/11	Mar 31/11	Mitchell, Ian Burnham	Direct Ownership	Common Shares	00 - Opening Balance-Initial SEDI Report
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Pressemeldung - Golden Peaks

Golden Peaks Resources Ltd. Closes $543,813 Financing

VANCOUVER, Dec. 28, 2011 /CNW/ - Golden Peaks Resources Ltd. (TSX: GL) (the "Company") is pleased to announce that it has completed a non-brokered private placement (the "Private Placement") of 1,812,710 units (each a "Unit") at a purchase price of $0.30 per Unit to raise aggregate gross proceeds of $543,813.  Each Unit consists of one common share of the Company and one-half of one non-transferable common share purchase warrant (each whole warrant, a "Warrant").  Each Warrant will entitle the holder to purchase one additional common share of the Company at an exercise price of $0.50 per share until 24 months after the date of closing of the Private Placement.

Proceeds from the Private Placement will be used for exploration and development on the Company's Indonesian properties and for working capital and general corporate purposes.

All securities issued in connection with the Private Placement will be subject to a four month hold period expiring April 29, 2012. 

The company has a portfolio of five mineral tenements covering 68,000 acres on the islands of Sulawesi and Halmahera in East Indonesia. The projects offer both exploration potential and an existing resource base. All five projects are adjacent to or along strike from operating gold mines or identified gold resources with similar geology and structural feature. Importantly, all projects have been converted to IUP tenements as required under the new Indonesian Mining Act (2009).

The company is active on four of its five Indonesian gold projects; currently drilling on the Tanoyan Gold Project and conducting surface exploration programs on the Palopo Gold Project, the Kapa Kapa Gold Project and the Roko Gold Project. All of the projects have easy access via paved and/or gravel roads and the regional infrastructure is good.

The statements herein that are not historical facts are forward-looking statements.  These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed under the heading "Risk Factors" in the Company's periodic filings with Canadian securities regulators.  Actual results could differ from those currently projected.  The Company does not assume the obligation to update any forward-looking statement.

For further information:

Media Information, contact:	Investor Information, contact:
Scott Emerson, President	Mike Kordysz, Investor Communications
SE@goldenpeaks.com	MK@goldenpeaks.com

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