Gold Port Resources Ltd.
TSX VENTURE : GPO

Gold Port Resources Ltd.

September 13, 2010 14:13 ET

Gold Port: Exploration Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 13, 2010) - Gold Port Resources Ltd. (the "Company") (TSX VENTURE:GPO) is pleased to provide this exploration update on the Akaiwong and Groete Creek Projects in Guyana, South America.

The Akaiwong Project

The Akaiwong Project is located in Region Four, Cuyuni Mining District, Guyana, and is comprised of approximately 3,400 acres. The project is located in an area of known gold production, being situated approximately 30 kilometers south east of the Aurora Mine, and Aranka Gold Project, currently under evaluation by Guyana Goldfields Inc. (GUY.T). 

The project has a significant exploration history, having been drilled by Homestake Mining and Gold Port Resources. Several unauthorized mining operations were recently removed from the project by Company staff. The area of interest involves a dioritic intrusive stock into surrounding greenstone rock, which at surface expresses an anomalous gold zone of 2 kilometers of length and 600 meters of width. Subsequent to a Geoprobe program completed in 2009, the Company has contracted a heavy equipment operator to trench select locations within the project grid. The intent of the program is to further define the geologic structures present for follow up drilling.

The Groete Creek / Georgetown West Project

At the Groete Creek / Georgetown West Projects, heavy equipment has been located on site for the initiation of exploration activity. The Company plans to establish a grid, conduct ground geophysics and surface sampling / geologic mapping prior to the initiation of a drill program. The intent of the program will be to confirm and expand the known gold zone as previously established. Recent sampling by the Company has confirmed gold mineralization over a five kilometer strike from the western most claim of the Groete Creek Project to the eastern claims of the Georgetown West Project, with gold found in quartz, saprolite and bedrock. The Company owns an Acker track mounted drill which will be moved to the project in anticipation of the program.

Groete Creek was originally explored by the United Nations Mineral Survey and subsequently, Coeur d' Alene Mines. The exploration which included drilling allowed Coeur d' Alene Mines to calculate by using a simple polygonal method, a non-NI 43-101 compliant resource of approximately 94 million tonnes grading 0.6 grams per tonne gold and 0.11% copper. (Caution: The issuer has not done the work necessary to verify the classification of the resource or reserve, the issuer is not treating them as a NI 43-101 defined resource or reserve verified by a qualified person, and the historical estimate should not be relied upon). The drill program will attempt to confirm and expand upon this area of gold mineralization.

Chief Financial Officer Appointed

Christopher Cherry has been appointed Chief Financial Officer of Gold Port Resources Ltd. replacing David Camp, who has resigned as an officer of Gold Port Resources Ltd. in order to focus on other business matters. Mr. Camp will remain with the Company as a Director and Consultant. The Company wishes Mr. Camp well in his future ventures and we look forward to his continued participation as a Director. Mr. Cherry is a Chartered Accountant and financial controller with iO Corporate Services Ltd., and is CFO of a number of listed companies, including Mexivada Mining Corp. and MAX Resource Corp.

On Behalf of the Board of Directors of Gold Port Resources Ltd.

Adrian F.C. Hobkirk, President and Chief Executive Officer

This news release contains certain "forward-looking statements" within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward-looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this News Release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this News Release. We seek safe harbour.

The TSX Venture Exchange has not reviewed the content of this News Release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this News Release.

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