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Golden Raven Announces Termination of Definitive Agreement with O2Iron

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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 26, 2012) - Golden Raven Resources Ltd. (the "Company") announces that it has terminated the definitive option agreement (the "Agreement") dated June 21, 2012, between the Company, Jacobi Mineracao Ltda ("Jacobi"), Geobraz Exploration Ltda ("Geobraz") and O2Iron Mineracao Ltda ("O2Iron") with respect to the sale by Jacobi and Geobraz of 100% of the interest in the O2Iron property in Tocantins, Brazil. The Company will continue to investigate other potential opportunities in the mineral resource sector.

Cautionary Note Regarding Forward-Looking Information

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward-looking statements". Forward-looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions and include statements about the investigation of other opportunities in the mineral resource sector. The company cautions readers that forward-looking statements, including without limitation those relating to the Company's future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

FOR FURTHER INFORMATION PLEASE CONTACT:
Golden Raven Resources Ltd.
Konstantine Tsakumis
Investor Relations
1-866-683-8030 ext. 232

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