🕐05.11.09 - 19:16 Uhr

Gold Canyon Resources - Latest News Release Issued November 5, 2009



We attach Gold Canyon Resources latest News Release for your interest.

This News Release, as well as additional information, is available on our website:  http://www.goldcanyon.ca If you have any questions, please contact: GOLD CANYON RESOURCES INC. 810 – 609 Granville Street P.O.

Box 10356 Pacific Centre Vancouver, British Columbia CANADA  V7Y 1G5 Toll free:  1-888-242-3234  |  Phone:  604-682-3234  |  Fax:  604-682-0537 Email:     |   Website:  www.goldcanyon.ca November 5, 2009 NEWS RELEASE GOLD CANYON REPORTS ON REVIEW OF SPRINGPOLE GOLD PROJECT Gold Canyon Resources Inc.

(GCU: TSX-V) (“Gold Canyon” or “the Company”) is pleased to provide an update of its comprehensive review of its 100% owned Springpole Gold Project located in the Red Lake Mining District of Ontario, Canada.

An eight week field program in which numerous drill cores were re-logged, and in many cases re-sampled, was completed on September 30.

This work was completed under the lead of Jefferson Chambers, formerly with Newmont Mining Corporation, and Alan Roberts with Alaska Earth Sciences.  The aim of this program was to re-evaluate the geology of this unusual gold system with a focus on developing a better understanding of ore controls and geometry for the purpose of remodelling the deposit and developing new targets.

A summary of reinterpreted historic drill results is attached to this news release.

(Please refer to the PDF file, which is attached to this email, for the summary of reinterpreted historic drill results).  Preliminary results of this review program include: ·        Confirmation that gold mineralization is associated with an alkaline igneous complex consisting of shallowly emplaced intrusions and associated diatreme breccias.

This makes Springpole unique among deposits of the Canadian Shield which are commonly formed through metamorphic processes at deeper levels in the crust.

Springpole has more in common with other alkaline gold deposits such as Cripple Creek, Colorado than it does with nearby neighbours such as deposits at Red Lake, Ontario. ·        Gold mineralization appears to conform to the margins of the alkaline complex rather than shear structures cutting across it, as previously believed.

Several areas along the margins of the complex are now recognized as favourable for hosting mineralization, but have little or no drilling making them desirable future drill targets. ·        The Main, Camp and Portage zones are in all likelihood all part of the same 1,200 m long, 300 m wide NW-trending body of mineralization.

This zone starts at surface at its NW end and plunges gently SE under Springpole Lake.

Although mineralization under the lake was considered uneconomic in the past, present research is considering whether there might be a bulk underground target where wide-spaced historic drilling suggests the presence of a continuous, sub-vertical zone of mineralization with a true width of over 20 m and open at depth.

Historic drill intercepts include 115.86 m at 1.53 grams per tonne (gpt) gold (380 ft at 0.045 ounces per ton (opt)) in hole BL-99, 35.64 m at 7.57 gpt gold (116.9 ft at 0.221 opt) in BL-121 and 106.89 m at 2.35 gpt gold (350.6 ft at 0.069 opt) in BL-308. ·        Near-surface, bonanza grade mineralization in the East Extension Zone is the most promising candidate for surface mining and needs further evaluation.

Drill intercepts including 27.41 m at 14.96 gpt gold (89.9 ft at 0.437 opt) in hole BL-217, 24.55 m at 18.63 gpt gold (80.5 ft at 0.544 opt) in hole BL-228 and 16.40 m at 67.46 gpt gold (53.8 ft at 1.970 opt) in hole BL-319 all lie within a zone of high grade drill intercepts approximately 150 m long and 50 m wide.  High grade assays start as shallow as 15 m down hole. The Company anticipates concluding its Springpole review within four weeks, at which time recommendations will be made for a winter drill program to begin January, 2010.  It is anticipated that this drill program will encompass infill drilling within known deposits and testing of new targets, particularly ones that could greatly enhance the overall size potential at Springpole.  In conjunction with the geologic review, the Company has begun studying the feasibility of constructing a road to the property from existing timber roads a few kilometers to the south.  It is believed such a road would add value to the property and reduce exploration costs. In compliance with National Instrument 43-101, Quinton Hennigh, Ph.D., P.Geo., is the Qualified Person responsible for the accuracy of this news release.

Dr.

Hennigh is acting as a technical advisor to Gold Canyon. About Gold Canyon Resources Inc.: Gold Canyon is engaged in the acquisition and exploration of mineral and precious metals properties.

The Company controls a 100% interest in the Springpole Gold - Horseshoe Island Gold, Platinum, Palladium Project and Favourable Lake Poly-metallic property currently under option to Shoreham Resources Inc.

pursuant to an option and joint venture agreement entered into in December 2005 - all in the Red Lake Mining District of Ontario, Canada.  Through its wholly owned U.S.

subsidiary, Gold Canyon Resources USA Inc., the Company controls a 100% interest in the Cordero Gallium Project situated in Humboldt County, Nevada, U.S.A. Gold Canyon entered into a Joint Exploration Agreement with the Japan Oil, Gas and Metals National Corporation (JOGMEC) in January 2009. Additional information can be found on the Company’s website:  www.goldcanyon.ca Akiko Levinson, President & Director For further information, please contact: Tel: (604) 682-3234    Toll free: 1 (888) 242-3234    Fax: (604) 682-0537 Certain statements contained in this news release using the terms “may”, “expects to”, “project”, “estimate”, “plans”, and other terms denoting future possibilities, are forward-looking statements in respect to various issues including upcoming events based upon current expectations which involve risks and uncertainties that could cause actual outcomes and results to differ materially.

The future conduct of the Company’s business and the feasibility of its mineral exploration properties are dependent upon a number of factors and there can be no assurance that the Company will be able to conduct its operations as contemplated and the accuracy of these statements cannot be guaranteed as they are subject to a variety of risks that are beyond our ability to predict or control and which may cause actual results to differ materially from the projections or estimates contained herein.

The risks include, but are not li mited to, the risks described in the above press release; those risks set out in the company’s disclosure documents and its annual, quarterly and current reports; the fact that exploration activities seldom result in the discovery of a commercially viable mineral resource and are also significant amounts of capital to undertake and the other risks associated with start-up mineral exploration operations with insufficient liquidity, and no historical profitability.

The Company disclaims any obligation to revise any forward looking statements as a result of information received after the fact or regarding future events. 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. The story body has been truncated; please refer to the PDF file, which is attached to this email, for the summary of reinterpreted historic drill results.  
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