Golden Harker Explorations Limited

November 14, 2006 15:42 ET

Golden Harker to Drill Harker TWP. Gold Property

TORONTO, ONTARIO--(CCNMatthews - Nov. 14, 2006) - Golden Harker Explorations Limited is pleased to announce that diamond drilling is scheduled to begin on November 23rd on it's 100% owned Harker Township gold property, located 40 kilometres north-northeast of the Kirkland Lake Mining Community, in NE Ontario. Drilling will test select high priority IP anomalies identified by recently completed ground geophysical surveying.

Geophysical surveying was initiated following a 2005 digital compilation of previous exploration data on the property. The survey was recently extended to cover the immediately adjacent Meridian gold prospect, which Golden Harker recently purchased from Goldcorp Inc.

Previous drilling and underground development has been focused along a 1.5 kilometre long section of a gold-mineralized structure, which extends in an easterly direction through the Golden Harker property. An historical reserve estimate, prepared following the last major surface and underground work program on the property, returned a calculated resource of 241,436 tons grading 0.178 oz/ton Au over a mining width of 8.1 feet. This resource estimate was completed in 1988, and is treated as historical in nature and not compliant with 43-101 requirements.

The current drill program is intended to provide a preliminary test of strategically located targets, along a projected additional 3.0 kilometre long section of the favorable mineralized horizon.


Golden Harker will issue up to an aggregate of 2,000,000 Flow-Through Units at $0.15 (Canadian) per Flow-Through Unit on a private placement basis. Each Flow-Through Unit will consist of one flow-through common share and one flow-through warrant, which warrant is exercisable at $0.25 (Canadian) into one flow-through common share at any time during the two year period from the date of closing.

Proceeds from the private placement will be used to finance the Corporation's exploration program on its Harker township property.

On behalf of Golden Harker Explorations Limited

CUSIP no. 381064 20 3

Jeffrey J. Becker, President

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