Gold-Ore Resources Ltd.
TSX VENTURE : GOZ

Gold-Ore Resources Ltd.

November 21, 2006 12:02 ET

Gold-Ore Resources Ltd.: Bjorkdal Gold Mine-Drill Results

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 21, 2006) - Gold-Ore Resources Ltd. (TSX VENTURE:GOZ) is pleased to provide further results from Phase I drilling at the Bjorkdal Gold Mine in Sweden. The Company has now drilled 77 core holes totaling 6,700 metres from the recently excavated 900 metres of underground workings. Gold-Ore has an option to purchase 100% of the gold-producing property from Minmet plc of Dublin, Ireland.

Drill Results

The Company previously released significant results from holes 2006-01 to 2006-034 and is now releasing holes 2006-035 to 2006-061(i). These new results continue to define the gold bearing vein systems and demonstrate that the mineralization extends from the open pit towards the north and remains open to expansion.



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Core True Gold
Interval Width Grade
Drill Hole Section From (m) To (m) (m) (m) (g/t)
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2006-035 60 East 82.9 85.2 2.3 2.3 2.46
97.0 99.3 2.3 2.3 2.75
106.0 109.0 3.0 3.0 3.07
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2006-036 60 East 74.9 78.9 4.0 3.2 2.54
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2006-038 60 East 2.0 7.0 5.0 4.3 3.09
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2006-040 90 East 3.0 5.0 2.0 2.0 5.12
19.0 24.0 5.0 5.0 36.13
26.0 32.0 6.0 6.0 11.10
92.0 95.0 3.0 3.0 6.44
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2006-042 90 East 1.0 3.0 2.0 2.0 7.66
36.8 40.0 3.2 3.2 3.65
64.0 66.0 2.0 2.0 3.25
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2006-045 30 West 15.2 20.0 4.8 4.7 8.08
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2006-053 90 East 76.0 80.0 4.0 3.7 6.39
90.0 93.0 3.0 2.7 7.16
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2006-055 90 East 7.0 10.0 3.0 2.8 22.77
61.0 64.0 3.0 2.8 4.67
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2006-056 90 East 7.0 9.0 2.0 2.0 2.15
49.0 52.0 3.0 3.0 4.51
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2006-057 Ramp 73.0 79.0 6.0 5.6 34.17
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2006-059 Ramp 44.0 47.0 3.0 2.9 4.67
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2006-060 Ramp 40.0 43.0 3.0 2.5 3.30
67.0 69.2 2.2 1.8 3.49
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2006-061 Ramp 40.0 43.0 3.0 3.0 4.19
78.3 81.9 3.6 3.5 25.54
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(i) Four holes were lost or not drilled
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All drilling completed thus far has been based on 30 metre spacing. In mid-November one drill rig was assigned to in-fill drilling at 15 metre spacing. Infill drilling will enable a resource calculation that will include Measured and Indicated Resources. This resource calculation will become part of a Feasibility Study planned for 2007. The Phase 1 program is testing approximately 10% of the prospective target areas at Bjorkdal.

Future Exploration and Development Plans

Underground diamond drilling will continue with a minimum of two drill rigs for the next 4 to 6 months and will involve a blend of wide-spaced and infill drilling along with step out exploration holes to test the numerous targets. Drill results will continue to be released in a timely manner. Underground exploration and development plans are being designed for 2007 and will be disclosed when finalized.

About Bjorkdal

The Bjorkdal Gold Mine has produced 900,000 ounces of gold from the open pit since its discovery in 1986 and the plant is currently producing gold at the rate of 20,000 ounces per year. The gold produced in 2006 comes from surface stockpiles (80%) and the new underground workings (20%). Approximately 70 people are currently employed at Bjorkdal in the concentrating plant, management, ore transport, diamond drilling and the exploration staff.

Sample Protocol and Chain of Custody

All drill core is logged, photographed and sawn, then transported by Company personnel to the ALS Chemex lab in Pitea, Sweden. The half core is crushed and pulverized and a 500 gram split is assayed by an accelerated cyanide leach (bottle roll). This method was selected as the large sample assayed minimizes the nugget effect and provides for a more reliable assay. A rigorous QA/QC program is employed and involves the insertion of blanks, certified standards and field and lab duplicates.

Stock Options

Gold-Ore Resources has granted incentive stock options to contractors of the Company to purchase up to 130,000 shares exercisable for three years at a price of $0.52. The grant of stock options is subject to regulatory approval.

For more information please contact Glen Dickson or Bob Wasylyshyn at (604) 687-8884. Bjorkdal property information is posted on the Company's web site at www.goldoreresources.com Robert S. Wasylyshyn; P. Geo. is the Company's Qualified Person for the Bjorkdal Project.

ON BEHALF OF THE BOARD

Glen Dickson, Chairman

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.


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

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