Gold Canyon Resources Inc.

Gold Canyon Resources Inc.

October 13, 2010 13:35 ET

Gold Canyon Resources Inc.: Grant of Incentive Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 13, 2010) - Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) ("Gold Canyon" or "the Company") announces that it has granted incentive stock options to certain directors, senior officers, employees and consultants to purchase an aggregate of 2,000,000 common shares at an exercise price of $1.00 per share, representing a premium to the closing price of the Company's common shares on October 12, 2010 as reported on the TSX Venture Exchange (the "Exchange"). The stock options expire on October 13, 2012. The grant was pursuant to the Company's Rolling Stock Option Plan, which was re-affirmed by the shareholders of the Company on April 22, 2010 and subsequently accepted by the Exchange.

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

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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