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Golden Alliance Commences Drilling on Cocha Copper Silver Gold Project

VANCOUVER - Golden Alliance Resources Corporation reported that a minimum 2,000m diamond drilling program has commenced on its 100% owned 7,060ha Cocha Copper-Silver-Gold Project located in Junin Department, Peru. The drill program is proceeding with two drill rigs and will test the un-drilled South Cocha geophysical-geochemical target and a strong IP chargeability anomaly below 200m depth at the Central Cocha target.

Prior drilling at the Cocha Central target in 2006 and 2007 intersected high-grade copper-silver mineralization hosted by interlayered shale and clastic tuffaceous rocks. Highlights included: 37.9m averaging 3.61% copper and 38.2 g/t silver in vertical hole CO-07-20 starting at 54.37m and 30.23m averaging 2.67% copper and 24.1 g/t silver in angle hole CO-06-03 from 82.9m depth1.

The primary objectives of the 2010 drill program include:

Ñ Provide additional definition to the zone of near-surface high-grade mineralization intersected in previous drilling campaigns at Cocha Central

Ñ Test the strong IP chargeability anomaly below 200m depth at the Central Cocha target

Ñ First drill test of the South Cocha geophysical/geochemical target which consists of a 1.7km trend of copper-silver mineralization delineated by surface soil and rock sampling with a coincident high chargeability IP anomaly along a favorable geologic contact.

"Cocha hosts an exciting high-grade discovery that has been confirmed with the previous two rounds of drilling," stated Joseph Grosso, President & C.E.O. "The current work program should give us further insight as to the scale of this copper-silver-gold project."

The company's address is Suite 709, 837 West Hastings Street, Vancouver, BC V6C 3N6, 604 687 1828, fax: 604 687 1858.