Gold Canyon Resources Inc.

Gold Canyon Resources Inc.

April 24, 2008 12:34 ET

Gold Canyon Starts Environmetal Planning and Geo-Hydrological Studies at the Cordero Gallium Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 24, 2008) - Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) ("Gold Canyon" or "the Company") is pleased to announce that as part of its ongoing strategy for advancing the Cordero Gallium Project it has retained SRK Consultants (U.S.) Inc. ("SRK") to undertake an environmental planning study and a geo-hydrological study at its Cordero Gallium Project in Humboldt County, Nevada.

SRK will provide Gold Canyon with a scoping level assessment of environmental permitting requirements. This assessment will include:

- Inventory of applicable state permit requirements

- Review of comparable permitting efforts for similar size projects in Nevada

- Scoping level schedule for environmental permitting

We believe SRK offers the Cordero Gallium Project the right combination of environmental professionals from the United States and within the State of Nevada, each with a proven track record of success in working with mining operations.

SRK will also provide a technical memorandum to the company summarizing the findings of the geo- hydrological assessment.

Mr. Douglas Christopherson, mine consultant to Gold Canyon and a Qualified Person as defined by National Instrument 43-101, is the person responsible for the preparation of the technical information in this news release. The Cordero Gallium Project is being conducted under Mr. Christopherson's supervision.

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

Certain statements contained in this news release using the terms "may", "expects to", "projects", "estimates", "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.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities of the Company have not been registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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)