Gold Canyon Resources Inc.

Gold Canyon Resources Inc.

November 29, 2007 11:39 ET

Gold Canyon Appoints Public Relations Consultant

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 29, 2007) - Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) ("Gold Canyon" or "the Company") announces that, subject to regulatory approval, it has retained the services of Mr. Sheldon Swaye of Toronto, Ontario to provide various business consulting and financial public relations services for and on behalf of the Company in connection with Gold Canyon's interactions with media, broker-dealers, securities advisors, investment funds and members of the investment community. The retainer is for a period of six months and may be renewed for successive six month terms by the parties.

Mr. Swaye has been actively providing public relations for a multitude of companies over the past 15 years. Mr. Swaye will be responsible for disseminating information concerning Gold Canyon to, and liaising on behalf of Gold Canyon with brokers, investment dealers, portfolio managers, analyst, report writers and the media generally.

In consideration for such services, Gold Canyon has agreed to pay an aggregate monthly fee of $4,000. Gold Canyon has also agreed to grant Mr. Swaye, subject to regulatory approval, incentive stock options to acquire up to 200,000 common shares of the Company at an exercise price of $0.50 per share. The stock options will vest in four equal instalments over the first year from the date of grant.

The appointment of Mr. Swaye is subject to the requisite filings with and acceptance of the TSX Venture Exchange and applicable securities laws.

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 the Bear Head Uranium Project which is adjacent to their 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.

Additional information can be found on the Company's website:

Akiko Levinson, President & Director

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Gold Canyon Resources Inc.
    Vic Weckerle
    Investor Relations
    (604) 682-3234 or Toll Free: 1-888-242-3234
    (604) 682-0537 (FAX)