EANS-News: Golden Touch receives final TSX Venture Exchange acceptance for acquisition of JAB Resources Limited

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
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Vancouver, BC (euro adhoc) - Golden Touch Resources Corp. ("Golden Touch" or the
"Company") (TSX-V Symbol: GOT; Frankfurt: 0GT) is pleased to announce that it
has received final acceptance from the TSX Venture Exchange of the definitive
agreement with Jab Resources Limited ("JAB"), whereby Golden Touch will acquire,
through schemes of arrangement under Australian law (the "Arrangement"), all of
the outstanding securities of JAB.

The Company now intends to implement the schemes of arrangement involving JAB
and its security holders and acquire all of the outstanding securities of JAB.
In consideration of the JAB securities, the Company will issue JAB security
holders 8,513,607 common shares, warrants to purchase 250,021 common shares at
an exercise price of $1.20 per share exercisable until December 31, 2011 and
warrants to purchase 1,925,091 common shares at an exercise price of $1.80 per
share exercisable until December 31, 2011. In addition, the Company will make a
$200,000 cash payment to JAB to cover administrative costs to date.

Golden Touch is also very pleased to announce the appointment of Mr. Robert
Murdoch a new addition to the Board of Directors and as the Company's new
Chairman upon closing of the acquisition.

Mr. Aly Mawji, President of Golden Touch stated: "Golden Touch and JAB have
achieved another significant milestone by obtaining TSX-V final acceptance for
the acquisition of JAB. The Company looks forward to completing the scheme of
arrangement over the coming days with security holders of JAB. I would like to
welcome Mr. Rob Murdoch to the Board of Directors and look forward to advancing
on the significant work already completed to date by JAB and its team. Mr.
Murdoch brings over 40 years production and exploration experience to Golden
Touch."

Mr. Rob Murdoch, Executive Chairman of JAB, and new Chairman of Golden Touch
stated: "I am very pleased to join the current Board of Golden Touch with the
directive to advance the work of JAB over the last five years. I feel with the
capital market experience Golden Touch brings, along with JAB's technical
expertise, the Company can become an industry leader in Albania."

JAB's principal asset (held through its wholly owned subsidiary JAB Resources SH
PK, an Albanian registered company) is the 100-per-cent-owned Albanian
Exploration Projects, a portfolio of exploration permits totalling approximately
140 sq. km, located in Northern Albania. JAB has already spent in excess of
US$5 million on exploration within the permit areas, which has resulted in the
outlining of significant gold, platinum group elements (PGE) and chromite
mineralization. Golden Touch has filed updated National Instrument 43-101 ("NI
43-101") compliant technical reports on the Albanian Exploration Projects with
the TSX-V and once they have cleared comments the updated NI 43-101 reports will
be posted on SEDAR.

On Behalf of the Board of Directors
Golden Touch Resources Corp.

"Aly B. Mawji", President

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 NEWS RELEASE

Further inquiry note:
Aly B. Mawji at 604-306-5415
end of announcement euro adhoc
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company: Golden Touch Resources Corp.
580 Hornby St. Suite 530
CA-V6C 3B6 Vancouver, BC
phone: 001-(604) 922-5790
mail: [email protected]
WWW: http://www.goldentouchresources.com/
sector: Metals & Minerals
ISIN: CA38122X1006
indexes:
stockmarkets: Open Market: Frankfurt
language: English

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