Gold Canyon Resources Inc.

Gold Canyon Resources Inc.

June 10, 2008 13:32 ET

Gold Canyon Starts Summer Program at Horseshoe Island Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 10, 2008) - Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) ("Gold Canyon" or "the Company") is pleased to announce the start of the 2008 exploration field season at the Horseshoe Island property. Line-cutting and Mobile Metal Ion (MMI) soil geochemistry sampling are now under way.

MMI soil surveys, performed during 2007, covered an area that hosts a discrete layered gabbro within a broader alkalic intrusive body associated with the Horseshoe Island Gold Occurrence, as well as an area of the Swain Lake Deformation Zone (SLDZ) believed to host additional gold potential. Numerous and significant historic gold-in-rock assays were reported in the area of the surveys as announced on May 27, 2008.

The 2008 Summer Program will expand the MMI coverage on the property and follow-up any new zones with prospecting and channel sampling. This Program will continue to explore the Horseshoe Island property for gold and follow up on the historic occurrences. Gold Canyon's exploration efforts in Canada are currently centred on the Red Lake Mining Camp in north-west Ontario. The Springpole - Horseshoe Island Project is 70 miles to the east, and the Favourable Lake and Bear Head Projects are 120 miles to the north of Red Lake.

Mr. Garry K. Smith, P. Geo., is the Company's qualified person on the Horseshoe Island Project as defined by National Instrument 43-101. This news release has been reviewed by Mr. Smith.

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 polymetallic property currently under option to Shoreham Resources Inc. pursuant to an option and joint venture agreement entered into in December 2005.

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", "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.

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

Contact Information

  • Gold Canyon Resources Inc.
    Akiko Levinson
    President & Director
    (604) 682-3234 or Toll Free: 1-888-242-3234
    (604) 682-0537 (FAX)