Preliminary Metallurgical Test Work Indicates Superior Gold Recoveries Using Flotation Processing Methods at Golden Touch's Albanian Gold Project

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 08/29/11 -- Golden Touch Resources Corp. ('Golden Touch' or the 'Company') (TSX VENTURE: GOT) (FRANKFURT: 0GT) is pleased to announce that preliminary floatation metallurgical testwork on representative samples of the gold mineralisation from drillhole GJZ 1005 at the Gjazuj Area Albania, has recovered 94.6% of the gold present within the two samples tested. Floatation is the conventional method for recovering gold that is closely associated with sulphides.

The preliminary mineralogy and metallurgical testwork was conducted by ALS AMMTEC an independent metallurgical laboratory in Perth Western Australia, using samples selected by ALS Laboratories Romania as being representative of the gold mineralisation in hole GJZ 1005.


The testwork involved

- Quantitative Mineralogy
- Cyanide leach bottle roll and floatation testwork
- Analysis of both the float concentrate and tails.


The quantitative mineralogy carried out on the samples indicated that:

- The gold that occurs is contained in fine to medium grained argentian native gold grains, (electrum)

- The detected gold grains are exclusively inter-grown with arsenopyrite

- The detected gold grains occur primarily as variably exposed grains.


The two samples were assayed for a full range of elements. The following assays are considered commercially significant.

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Element                            Sample 1                         Sample 2
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Gold                        7.63 gms/ tonne                 6.69 gms / tonne
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Zinc                                  1.50%                            1.32%
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Silver                      1.8 gms / tonne                   1.4 gms/ tonne
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Arsenic                               1.76%                            1.50%
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The weighted average grade of the two samples, as determined by the original analytical assay were 6.5 g/t and 6.1 g/t respectively, which is between 10-20% lower than the grades determined by the metallurgical lab and set out in the table above. Such a difference is not uncommon where gold occurs within discrete grains.

The two samples were combined for the metallurgical work, which indicated that

- 94.6% of the gold mineralization within the samples tested was recoverable to a rougher cell float concentrate.

- The cyanide leach bottle roll tests recovered only 10% of the gold mineralization present.


The excellent gold recoveries within the rougher cell float concentrate, indicates that the floatation technique can be used to recover nearly all the gold at Gjazuj.

In a typically floatation plant the gold bearing mineralization is comminuted to fine powder and mixed with appropriate wetting agents to form a pulp, which is then passed through a series of aerated cells (known as rougher cells) containing water. Within the cells the sulphides present (and hence the gold), being hydrophobic, are repelled by the water and becomes concentrated within the froth that forms at the top of each cell. The froth overflows the rougher cells and passed through a series of cleaner flotation cells, designed to improve the gold grade of the rougher cell concentrate, before it is prepared for sale.

The poor bottle roll test recoveries where expected and simply confirm the quantitative mineralogy results that the gold is associated with the sulphides, and hence direct cyanidation techniques would not be appropriate for the Gjazuj mineralization.

The President of Golden Touch Resources Mr Murdoch comments that 'In my opinion it is important for an exploration company to determine as early as possible the gold recovery methods that it is likely to use and clearly report this information to the market. I consider these preliminary tests very encouraging and no doubt we will undertake more comprehensive metallurgical and mineralogical test work as the project advances in order to fine tune the floatation plant flow sheet.'

Golden Touch is currently completing a first stage drilling program at Gjazuj designed to verify past drilling and surface sampling results, that outlined gold mineralization over 1300 metres.

Assays received from the first 8 holes of this program have been reported previously and are considered highly encouraging given that the mineralization is relatively close to the surface, which allows open pit mining techniques to be considered.

There are about 16 more holes completed in this program for which the assay results are awaited. The Company expects to release these results progressively, as received, over the next 2 months or so.

A second stage of drilling is planned to follow the first once the results of the first program can be fully evaluated and targets for the second stage program refined.

The second stage program will start to evaluate a series of 'gold in soils' geochemical anomalies that extend in an easterly direction from the Gjazuj area, for about 10 kms, over which there has been no previous drilling.

Further background information on the gold project can be obtained from a National Instrument 43-101 ('NI 43-101') compliant technical report on the Livadheza Gold Project (EC 1124) prepared by Ian Mathison, Bsc (Hons Geol), MAusIMM, as posted under the Company's profile on SEDAR at www.sedar.com.

Robert Murdoch, President of Golden Touch, a Fellow of the Australasian Institute of Mining and Metallurgy and a Fellow of the Australian Institute of Geoscientists and hence a qualified person under the meaning of Canadian National Instrument 43-101, is responsible for the technical content of this news release.


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

Rob Murdoch
Chairman and 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.



Contacts:

For information with respect to the Company or the contents of this news release, please contact Golden Touch Resources Corp.
Rob Murdoch, Chairman and President
rob@goldentouchresources.com
www.goldentouchresources.com