Staccato Gold Resources Ltd.

Staccato Gold Resources Ltd.

December 15, 2009 16:43 ET

Staccato Gold Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 15, 2009)Staccato Gold Resources Ltd. (TSX VENTURE:CAT) is pleased to provide an update regarding the ongoing technical work program at its South Eureka property. The South Eureka property, located in Nevada, USA, is an extensive and highly prospective landholding comprised of several projects. The most advanced stage project is the Lookout Mountain project, where a gold resource has been identified.

During 2009, Staccato initiated a property wide mapping and sampling program on the South Eureka property. Approximately 50% of the entire property area has now been mapped, including the main Lookout Mountain resource area. As part of the technical work program, Staccato has re-logged over 350 drill holes in the Lookout Mountain project area, and is in the final stages of building new geologic cross sections and plans for the entire deposit. The results of a drilling campaign and mapping program completed at the Windfall project, located approximately 5 kilometres northeast of Lookout Mountain, confirmed its potential to host a satellite gold deposit to the main resource area.

Staccato is working diligently to complete an updated resource estimate and 3-D model for the Lookout Mountain project. This work, which will incorporate all of the results of the technical work program, is now scheduled for completion during the first quarter of 2010. Based on the results of the new resource estimate, Staccato plans to complete a preliminary economic assessment of the Lookout Mountain project.

This press release was reviewed by Gary Edmondo, M.Sc. Geology, who is Staccato's Senior Exploration Manager, and a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.

Incentive Stock Options
Staccato has granted stock options to buy 450,000 shares at an exercise price of $0.125 to employees and consultants of the Company. The options have a five year term, and vest as to 50% on the date that is six months from the grant date, and the balance on the date that is twelve months from the grant date. The options are subject to the regulatory policies of the TSX Venture Exchange.

On behalf of the Board of Directors

"Grant Ewing"

Grant Ewing, President & CEO, Director

About Staccato Gold Resources Ltd.: Staccato Gold is a well funded junior gold exploration company with resources and advanced stage exploration assets located exclusively in Nevada. The Company has assembled a portfolio of prospective gold prospects in the dominant gold trends in Nevada.

Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, are forward-looking information within the meaning of Canadian securities laws. Forward-looking information is based on numerous assumptions, including that equipment and personnel will be available when required, that no delays are experienced in the planned work programs, that technical issues identified in the previous resource estimate for the Lookout Mountain project can be addressed and within the time frame anticipated, and that all necessary approvals for the planned programs will be obtained in a timely manner, and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development such as, but not limited to, risk of delay in obtaining permits and approvals, the risk that actual results of exploration activities will be different than anticipated, risk of failure of equipment, accident, labor disputes and other risks associated with mineral exploration activities. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to not be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking information due to the inherent uncertainty thereof.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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