Gold Canyon Resources Inc.
TSX VENTURE : GCU

Gold Canyon Resources Inc.

November 28, 2006 14:14 ET

Gold Canyon Files Independent Technical Report

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 28, 2006) - Gold Canyon Resources Inc. (TSX VENTURE:GCU) (the "Company") is pleased to announce that, further to its previous news release dated November 7, 2006, it has now filed on the Canadian System for Electronic Document Analysis and Retrieval (SEDAR) its independent Technical Report dated November 20, 2006, with respect to the Company's Springpole Gold Project. The Technical Report was prepared by P & E Mining Consultants Inc., a Qualified Person pursuant to National Instrument 43-101 and is available for viewing through the Internet on SEDAR at www.sedar.com. The map of Springpole Gold Project is posted on our website www.goldcanyon.ca under "Latest News".

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 over 20,000 acres of the Springpole Gold Project, the Favourable Lake Poly-metallic Project and Bear Head Uranium Project 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.

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 contemplate 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.


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

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