[Marinir] {Disarmed} Gold Canyon (TSX-V: GCU) Drills 308 Metres of 1.29 g/t Gold

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GOLD CANYON INTERCEPTS 308 METERS AT 1.29 GRAMS PER TONNE GOLD INCLUDING 
216 METERS AT 1.71 GRAMS PER TONNE GOLD AT SPRINGPOLE GOLD PROJECT 

Gold Canyon Resources Inc. (TSX Venture Exchange: GCU 

http://www.stockwatch.com/Quote/Detail.aspx?action=go&symbol=GCU&region=C&lookup=symbol&snapshot=default 

) ("Gold Canyon" or "the Company") is pleased to announce that hole 
SP11-070 intersected 308 meters at 1.29 grams per tonne gold (1010 feet 
at 0.038 oz per ton gold) including 216 meters at 1.71 grams per tonne 
gold (708 feet at 0.050 oz per ton) at its 100% controlled Springpole 
Gold Project, located 110 kilometers northeast of the Red Lake Mining 
Camp, Ontario, Canada. The intercept encountered in this hole affirms 
that the Portage Zone dips northeast at approximately -70 degrees and 
remains open at depth. 

Diamond drill hole SP11-070, situated on the 0+800m section and oriented 
at 220 degrees true north and inclined at -55 degrees, tested deeper 
parts of the Portage Zone in an area where it is believed to be plunging 
underneath the Main Zone. This hole intersected 308 meters at 1.29 grams 
per tonne gold (1010 feet at 0.038 oz per ton gold) including 216 meters 
at 1.71 grams per tonne gold (708 feet at 0.050 oz per ton). As with 
hole SP11-071 drilled on the 0+00m section (286 meters at 1.03 grams per 
tonne gold announced in a press release dated August 31, 2011), SP11-070 
confirms that the Portage Zone is dipping to the northeast at about -70 
degrees. It also confirms the zone is open at depth. 

Drill Hole SP11-070 not only supports the modeled data that the dip of 
the Portage Zone is steeply to the northeast but provides strong 
evidence that it is indeed plunging underneath the Main Zone. This area, 
where once there was a significant gap in drilling, is proving to be 
particularly robust in grade. Within the broader reported intervals is 
an intercept of 21 meters at 7.22 grams per tonne gold (69 feet at 0.211 
oz per ton gold) indicating there is a higher grade core to the zone 
here. 

Drill Hole SP11-070 drilled underneath SP10-001 which contained gold 
intercepts including 1.31 grams per tonne gold over 21.5 meters (news 
release dated April 6, 2010) indicating that mineralization, though 
plunging, is still continuous to the near-surface. Recently completed 
drilling on the 0+800 section tested mineralization in the near-surface 
and down to vertical depths of approximately 350 meters; results are 
expected from these holes over the coming weeks. 

Drill hole SP11-070 was collared near the East Extension Zone and 
intersected a near-surface high grade vein, 1 meter at 12.34 grams per 
tonne gold (3 feet at 0.360 oz per ton gold) thought to be part of that 
body of mineralization. Near-surface mineralization has been encountered 
in several drill holes in this area and it now appears there is a bridge 
of shallow mineralization connecting the East Extension Zone with the 
larger Portage Zone to the southwest. 

Diamond drill hole SP11-068 was collared on the southwest shore of 
Portage Bay on the +600m section and drilled at 040 degrees true north 
with an inclination of -60 degrees. It was designed to test deeper parts 
of the Portage Zone prior to the recognition that the zone is dipping 
northeast. Like other holes drilled from the southwest shore of the bay, 
SP11-068 appears to have drilled sub-parallel to the margin of the 
Portage Zone rather than across it. Nonetheless, this hole encountered 
multiple intervals of mineralization. The deepest interval, at a 
down-hole depth of 823-830 meters (see table below), is typical Portage 
style mineralization and suggests this type of mineralization persists 
to these depths, over 700 meters vertically below surface. 

"We are extremely happy with these results," states Dr. Quinton Hennigh, 
technical advisor and Director of Gold Canyon. "Not only does drill hole 
SP11-070 confirm that the Portage Zone dips northeast; this intercept 
also fills an important gap in drilling where the Portage Zone is 
believed to be plunging underneath the Main Zone. The grade of the 
included intercepts are very encouraging, especially the higher grade 
core that returned assay values in excess of 7 grams per tonne gold. 
This drill hole also makes it very clear that the Portage Zone remains 
open at depth along its entire length." 

Hole From (meters) To (meters) Length (meters) Gold (grams per tonne) 
Silver (grams per tonne) Length (feet) Gold (oz per ton) Silver (oz per 
ton) Silver-to-Gold Ratio 

SP11-068 123.0 126.0 3.0 1.43 6.20 10 0.042 0.181 4.3 

170.0 172.0 2.0 3.37 65.60 7 0.098 1.916 19.5 

261.0 264.0 3.0 1.63 17.77 10 0.048 0.519 10.9 

536.0 544.0 8.0 1.11 3.64 26 0.032 0.106 3.3 

606.0 625.5 19.5 0.42 2.80 64 0.012 0.082 6.7 

823.0 830.0 7.0 0.97 6.31 23 0.028 0.184 6.5 

SP11-070 5.0 8.0 3.0 4.87 in process 10 0.142 in process N/A 

includes 6.0 7.0 1.0 12.34 in process 3 0.360 in process N/A 

55.0 62.0 7.0 0.78 in process 23 0.023 in process N/A 

93.0 401.0 308.0 1.29 in process 1010 0.038 in process N/A 

includes 129.0 345.0 216.0 1.71 in process 708 0.050 in process N/A 

includes 129.0 137.0 8.0 3.33 in process 26 0.097 in process N/A 

includes 151.0 156.0 5.0 5.27 in process 16 0.154 in process N/A 

includes 163.0 170.0 7.0 6.05 in process 23 0.177 in process N/A 

includes 202.0 223.0 21.0 7.22 in process 69 0.211 in process N/A 

Weighted averages were used to calculate all reported intervals 

Reported intervals apply a 0.2 gram per tonne gold (0.006 oz per ton 
gold) lower cutoff 

Internal dilution within reported intervals does not exceed core lengths 
of 10 meters 

1 troy oz = 31.103 grams 

Conversion factor - grams per tonne to troy oz per short ton; g/t 
divided by 34.2857 or g/t multiplied by 0.0292 

1 meter = 3.28 feet 

Core was logged then split using diamond saws with one half sent for 
analyses and the other half stored for future reference. Quality control 
programs include the use of field and laboratory duplicates, standards, 
blanks, and internal and external check assaying. Certified sample 
standards were submitted with the normal sample stream. Gold and silver 
assays were completed by SGS Canada Inc. in Red Lake and Toronto, 
Ontario using a 30 gram charge, fire assay, with an ICP finish. For over 
limit assay results, initial assays in excess of 10.0 grams per tonne 
Au, a gravimetric finish is utilized. 

Operational Update 

Two barge-based and two land-based drills are currently operating on 
site and will continue through freeze-up, likely in early November. 
Approximately 6,000 meters of core have been drilled so far this summer, 
and it is expected that the drills should produce around 10,000 meters 
of core, somewhat less than the 12,000 meters that was originally 
planned. Holes drilled this summer are expected to allow the Company to 
revise the 43-101 compliant resource estimate for the deposit sometime 
late in the second half of 2011. 

About Springpole 

Springpole is an alkaline intrusion hosting a gold system that 
represents a potentially new style of Canadian Archean Shield gold 
deposit. The Portage Zone is hosted by a trachytic porphyry intrusion 
displaying polyphase autolithic breccias that host gold mineralization. 
Other zones, including the East Extension and Main, consist of 
high-grade veins and pods hosted in diatreme breccias composed of 
intrusive and country rock fragments. These breccias surround the 
northwest and northern margins of the Portage Zone. The known 
mineralized zones underlie a total known area of about 4 square 
kilometers representing only about 15 percent of the greater alkaline 
intrusive complex which remains yet to be explored. 

Quinton Hennigh, Ph.D., P.Geo. and Alan Roberts, M.Sc., P.Geo. are the 
Qualified Persons pursuant to National Instrument 43-101 responsible 
for, and have reviewed and approved, the technical information contained 
in this news release. Dr. Hennigh is acting as a technical adviser to 
Gold Canyon and Alan Roberts is the Senior Geologist of Alaska Earth 
Sciences, Inc. and Project Manager at Springpole. 

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 Guyana 
Frontier Mining Corp. 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. 

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Additional information can be found on the Company's website: 
www.goldcanyon.ca 

http://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 
info at goldcanyon.ca 

Investor Relations: Leo Karabelas, Tel: (416) 543-3120 Email: 
leo at frontlineir.com 

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 limited 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. 

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