Golden Touch Announces Signing of Letter of Intent With Mediterranean Resources Ltd.

NOT FOR DISSEMINATION IN THE UNITED STATES

Golden Touch Resources Corp. ("Golden Touch" or the "Company") (TSX
VENTURE:GOT)(FRANKFURT:0GT). Golden Touch is pleased to announce that it has
signed a letter of intent (the "Letter of Intent") with TSX listed Mediterranean
Resources Ltd. ("Mediterranean") whereby Mediterranean proposes to acquire all
of the issued and outstanding shares of Golden Touch Resources Australia Pty
Ltd. ("Golden Touch Australia"), Golden Touch's wholly owned subsidiary (the
"Transaction"). Golden Touch Australia is the parent company of JAB Resources
Ltd (Australia) which holds, through its wholly owned Albanian subsidiary, JAB
Resources SHPK, all of the Company's exploration properties in Albania as
described below. The Letter of Intent contemplates the execution of a definitive
agreement (the "Definitive Agreement") on substantially the terms as the Letter
of Intent.


Terms of the Proposed Transaction

Pursuant to the terms of the Transaction, Mediterranean will issue to GOT
shareholders approximately 21,154,000 common shares in the capital of
Mediterranean (the "Mediterranean Shares") in exchange for all of the issued and
outstanding shares of Golden Touch Australia. The parties intend to structure
the Transaction as a plan of arrangement where Mediterranean will distribute the
Mediterranean Shares Mediterranean to Golden Touch shareholders on a pro rata
basis, which GOT currently anticipates to be one Mediterranean Share for
approximately every 1.5 Golden Touch shares held. The arm's length Transaction
is subject to GOT shareholder approval at a special meeting to be held as
practicable after execution of the Definitive Agreement and completion of
Mediterranean's due diligence on the Golden Touch properties.


Under the Letter of Intent, if Mediterranean identifies a NI 43-101 compliant
measured and indicated resource of at least 500,000 ounces of gold at the Rubik,
Livadheza, Kalimash, Zogaj or Lajthize mining concessions or any adjacent
mineral properties that trend from such mining concessions acquired by
Mediterranean, the Company will have the right but not the obligation to back-in
for 30% of such deposit upon payment to Mediterranean of 90% of Mediterranean's
exploration and development expenditures on such deposit to the date of the
Company's exercise of such right.


In conjunction with the Transaction, Mediterranean has agreed to loan Golden
Touch CDN$100,000 (the "Loan") to be used by Golden Touch for the expenses
related to the proposed Transaction. The Loan bears simple interest at a rate of
3.0% per annum, calculated monthly, with the principal and all interest payable
on December 30, 2012. The Loan is to be secured by the Company's pledge of all
of the issued and outstanding shares of Golden Touch Australia. The Loan is
non-repayable on closing of the Transaction.


The Transaction and the Loan are subject to TSX Venture Exchange acceptance and
other commercial conditions.


Mediterranean Future Plans For Chromite Property

GOT understands that it is Mediterranean's current intention to spin out the
chromite assets to a standalone vehicle in a distribution to its shareholders.
The chromite asset acquired from Golden Touch will be combined with other
chromite assets in Albania and elsewhere to make a chromite-specific exploration
mining entity. Albania has long been synonymous with chromite mining but has
seen the industry languish in recent times due to lack of investment.


Dr John Clarke, Chairman of Mediterranean commented that "Mediterranean is very
excited to expanding its range to the emerging mining province of Albania where
close historical ties exist to our current main focus, Turkey".


Albanian Properties

The Albanian properties held by JAB are as follows:

Gold: the Rubik's concession is located in northern Albania. The area is held
under Prospecting and Exploration Licence No 1124 (PEL 1124). Previous drilling
within a small 400 x 220 meter area (Gjazuj Prospect) of the tenement by the
Albanian Geological Survey (AGS) in the 1980's has outlined high grade
intersections which include 7 metres at 9.5 g/t Au; 8 metres at 7.2 g/t Au; 6
metres at 10.4 g/t Au; 5 metres at 6.4 g/t Au plus some specular smaller
intersections of 2 metres at 21.8 g/t Au; 1 metre at 29.4 g/t Au and 1 metre at
23.7 g/t Au. All these intersections are at depths of under 100 metres. The
Gjazuj Prospect represents one of six stream sediment gold anomalies identified
in the tenement area and was the only one investigated by the AGS. Exploration
of the other 5 stream sediment gold anomalies within the tenement is expected to
identify further gold mineralised shear zones.


Initial surface trench sampling by the Company in the Gjazuj Area defined gold
bearing intervals of 6 metres at 6.3 g/t Au; 9 metres at 4.6 g/t Au and 9 metres
at 3.3 g/t Au. The Company then undertook confirmatory drilling at Gjazuj that
involved 26 diamond drill holes for 3,008.2 meters. Results have been
encouraging with a high of 39 g/t gold over one meter and a total of 27
significant intersections with grades in excess of 0.5 g/t gold. The
intersections are contained within 9 steeply dipping, greenstone hosted, shear
zones which average 4 meters @ 2.7 g/t gold. Clustering of the shear zones may
enhance the possibility of them being able to open-pit mined.


The geophysical surveying has outlined numerous medium to high order resistivity
and chargeability anomalies (some of which are co-incident) and these represent
high priority targets. At this stage it is interpreted that the shallow
resistivity anomalies reflect mineralized and silicified shear zones (similar to
those intersected in the drilling) and that some of the larger and broader
resistivity anomalies may reflect the presence of intrusive bodies.


Chromite: the Kukes concession consists of chromite mineralization over an area
of about 10 square kilometers in north eastern Albania. Within this area there
are numerous known small pods of massive or banded chromite mineralization
typically grading between 20-30% chromite (Cr2O3). These pods or lenses are
referred to below as "high grade chromite pods" and the larger ones typically
contain up to 1 million tonnes (as indicated by previous drilling and Albanian
Government estimates.)


High grade chromite pods within JAB's tenements have been the subject of some
past mining activity. That activity reached a peak in the 1980's, whilst the
State was the main producer. At that time Albania was the world's third largest
producer of chromite. Some 1-2 million tons of ore has been mined from within
the initial GOT tenements. Some of the ore mined (typically greater than 30%
Cr2O3) was sold as "direct ship ore", and the rest (typically averaging 20%
Cr2O3) was concentrated to a marketable grade by the State during the 1980's.
The State operations ceased production with the fall of Communism in the 1990's.


Platinum: The Company's exploration efforts thus far have defined platinum group
elements ("PGE") mineralization within a 6 km long structural shear zone in
north eastern Albania. Five holes were drilled in the first round drilling
program for a total of 480.65 meters. All of these holes tested the Bregu I
Bibes Prospect, down-dip from where channel sampling of trenches excavated in an
outcrop, located zones of 1.5 g/t Pt over 14.0 meters, 1.9 g/t Pt over 11.0
meters and 2.1 g/t Pt over 5 meters.


A total of 496 drill core samples (one metre intervals) were prepared and
despatched for assay. Samples were analysed for platinum group elements
(platinum-Pt and palladium-Pd), gold (Au) and chromite (Cr2O3).


Results were encouraging with 8 intersections (ranging in length from 1.0 to 4.0
meters) in excess of 1.0 g/t Pt developed within thick widespread intersections
(up to 15.0 meters) of low grade Pt over 0.25 g/t. Of particular encouragement
are intersections of 5.27 g/t Pt over three meters in Hole BB-4 (including an
interval of 1.0m @ 7.60 g/t Pt) and 2.06 g/t Pt over four meters in Hole BB-3.


For a map of the Company's Albanian properties described above, please visit
Golden Touch's website at:
http://www.goldentouchresources.com/s/locationmap.asp).


Ken Chapple, Golden Touch's President, a Fellow of the Australian Institute of
Geoscientists and a qualified person under the meaning of Canadian National
Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101"), is
responsible for the technical content of this news release relating to Golden
Touch's properties.


ON BEHALF OF THE BOARD OF DIRECTORS

Ken Chapple, President

Golden Touch Resources Corp.

About Golden Touch Resources Corp.

Golden Touch Resources Corp. is a junior mineral exploration company with a
focus on the exploration of prospective gold, platinum group metals and chromite
properties in Albania.


This News Release may contain forward-looking statements which address future
events and conditions and therefore involve inherent risks and uncertainties.
Actual results may differ materially from those currently anticipated in such
statements. Golden Touch relies upon litigation protection for forward-looking
statements.
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