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
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Mergers - Acquisitions - Takeovers

Vancouver, Canada (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

end of announcement euro adhoc
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ots Originaltext: Golden Touch Resources Corp.
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Aly B. Mawji at 604-306-5415

Branche: Metals & Minerals
ISIN: CA38122X1006
WKN: A1C86U
Börsen: Frankfurt / Open Market