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Friday, June 30, 2006

As Gold Prices Fluctuate, the Driving Factors for Higher Prices Remain Long Term

MiningStocks.com – Golden Peaks Resources Ltd., Goldcorp Inc. and Alamos Gold Inc. Provide Industry Perspectives on the Gold Market

POINT ROBERTS, WA, Delta B.C. – June 29, 2006 – www.Gold-MiningStocks.com (GMS), and www.MiningSectorStocks.com (MSS), investor and industry portals for the gold and mining sector are pleased to present a gold market outlook entitled, “As Gold Prices Fluctuate, the Driving Factors for Higher Prices Remain Long Term.” So far this year, gold has seen its share of sharp increases and periodic corrections, including the one currently taking place in the market. Offering perspective as we move through this correction period are Ian Telfer, President and CEO of Goldcorp Inc., Scott Emerson, Chairman and Director of Golden Peaks Resources Ltd. and Alamos Gold’s President and CEO John A. McCluskey.

According to Scott Emerson, Chairman and Director of Golden Peaks Resources Ltd. (TSX Venture: GL), an international exploration and resource development firm focused on Argentina, “We remain bullish on the yellow metal. Despite the recent price correction the price of gold (June 26, 2006) is 144.50% higher than it was one year ago. The fundamentals have not changed and Company's focus and business plan remain unchanged.”

As the World Gold Council currently reported declines in supply over last year’s levels, Goldcorp Inc. (TSX: G; NYSE: GG) President and CEO Ian Telfer has said he also believes that, “World gold supplies are under pressure as mine production around the world is declining.” Looking at the market, Telfer also says, “It is true, some mid-tier producers will increase production in the years ahead,” but he said he believes the company will continue to focus on expanding their own production operations first and foremost.

In the midst of declining supplies, mid-tier producers are expected to boost exploration and eventually add their share to supplies. Alamos Gold Inc. (TSX: AGI) President and CEO John A. McCluskey offers that over the summer period he expects there may be, “volatility in the short term, as the correction continues. Gold is still primarily trading in an inverse relationship to the USD.” In addition to this, he says at present, “While we are currently in a correction phase, Q1’06 was very positive for gold producers that were unhedged.”
To Read “As Gold Prices Fluctuate, the Driving Factors for Higher Prices Remain Long Term” In Full Click Here: http://www.gold-miningstocks.com/articles/062906a.asp

About our Mining Portals:
www.Gold-MiningStocks.com (GMS) and www.MiningSectorStocks.com (MSS), portals within the InvestorIdeas.com content umbrella, do not make recommendations, but offer investors research, news and links to public companies within the mining sector. GMS also provides mining sector content through its Gold and Mining Blog available at Gold-MiningStocks.com.

For our comprehensive list of Gold and Mining stocks: http://www.Gold-MiningStocks.com/Gold_Stocks/Stocks_List.asp
Featured Gold and Mining Portal Sponsor: (GMS and MSS are compensated by Golden Peaks as disclosed in disclaimer.)

Golden Peaks Resources Ltd. (TSX Venture: GL) is a progressive international exploration and resource development firm that holds over 385,000 acres of prospective land holdings in four of Argentina's most established mining districts. For More Info: http://www.gold-miningstocks.com/CO/GL/Default.asp

InvestorIdeas.com Disclaimer: www.InvestorIdeas.com/About/Disclaimer.asp. Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. GMS is compensated by Golden Peaks Resources Ltd. (TSX Venture: GL) for five thousand dollars per month.

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Source: Gold-MiningStocks.com, Golden Peaks Resources Ltd., Goldcorp Inc., Alamos Gold Inc.
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