PONCHA

Genesis Minerals Ltd. commenced its drilling program at PONCHA, Argentina.

Genesis Minerals Limited advised that it has entered into agreements with Teck Argentina Ltd. a wholly owned subsidiary of Teck Resources Limited to acquire 100% of Teck’s right and interest in the Poncha and Los Opeñas epithermal gold projects in San Juan Province, Argentina.

Golden Arrow Resources Corporation report results for the recently-completed diamond drill program on the Poncha Gold Project in San Juan Province, Argentina. Four drill holes of HQ core totaling 2175m were drilled on 50m step-outs targeting extensions to the mineralized zone intersected by reverse circulation hole RCPC13 (266 metres of 1.2 g/t Au announced on March 27, 2008) within the 2km by 2km South Target epithermal precious-base metal anomaly at the end of the last drill program on the project. All four of the drill holes completed intersected anomalous gold mineralization in multiple intervals. Anomalous gold mineralization correlates well with elevated silver mineralization and overlaps with more widespread intervals of anomalous zinc mineralization, as has been observed in other drill holes previously completed on the South Target zone. Drill core assays ranged from <0.01 g/t to 6.34 g/t gold, from <0.5 to 57.6 g/t silver and 2 ppm to >10,000 ppm zinc (>1%). Golden Arrow is earning up to a 100% interest in the Poncha Project from Teck Resources Limited's subsidiary, Teck Argentina Ltd.