Gold Canyon Resources Inc.

Gold Canyon Resources Inc.

February 25, 2010 12:56 ET

Gold Canyon Commences Drilling at Its Springpole Gold Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 25, 2010) - Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) ("Gold Canyon" or "the Company") is pleased to announce commencement of drilling at its 100% controlled Springpole Gold Project, located in the Red Lake Mining District of Ontario, Canada.

Two diamond core rigs are drilling the first holes of a program encompassing at least 4,300 meters to be completed over the next few weeks. This drilling comprises the first stage of a three stage drill program to be undertaken over the next 14 months that has been carefully designed to expand known mineralization. Stage one drilling will infill several critical gaps within the Portage zone (please refer to news release dated January 11, 2010) where historic drilling encountered broad, shallow intercepts of gold mineralization associated with alkaline porphyry.

"We are delighted that we are finally able to get to work testing critical areas that could add significantly to the size and understanding of this deposit," states Dr. Quinton Hennigh, technical advisor to Gold Canyon. "If successful, this drilling will demonstrate continuity of near-surface gold mineralization from the Main zone in the northwest through the Portage zone in the southeast, a distance of 1,200 meters."

Stage two drilling, totalling approximately 10,000 m of core drilling, is planned between June and September 2010. Stage three drilling is planned during the Winter of 2010-11. The ability for Gold Canyon to proceed with, and the eventual timing of, these proposed stages is subject to the Company's ability to obtain the necessary funding.

Following its comprehensive review of the project in 2009, the Company now believes it has a much more complete understanding of the deposit and potential for significant increase in size. Therefore, it is fast-tracking work through this three staged exploration program to advance the project towards a prefeasibility study.

Quinton Hennigh, Ph.D., P.Geo., is the Qualified Person pursuant to National Instrument 43-101 responsible for, and has reviewed and approved, the technical information contained in 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:

Akiko Levinson, President & Director

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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