Goldrush Resources Ltd.

Goldrush Resources Ltd.

July 27, 2006 09:30 ET

Goldrush Announces Initiation of Drilling On Kongoussi 1 Permit and Receipt of Additional Permits in Burkina Faso, West Africa

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews – Jul. 27, 2006) - Goldrush Resources Ltd. (TSX VENTURE:GOD) (“Goldrush” or the “Company”) is pleased to announce that High River Gold Exploration Burkina S.A.R.L., the manager of its exploration programs and a subsidiary of High River Gold Mines Ltd. (HRG: TSX) (“High River”), has commenced a reverse circulation (RC) drilling program at the Ronguen gold occurrence on the Kongoussi 1 permit.

The Kongoussi I permit is located six kilometers northwest of High River’s Bissa Project on which High River recently (May 23, 2006 news release) announced a substantial mineral resource containing 515,000 indicated ounces of gold (10,633,000 tonnes averaging 1.51 g Au/t) and 669,500 inferred ounces of gold (16,288,000 tonnes averaging 1.28 g Au/t); in addition, a previous operator had established 81,980 measured ounces of gold (753,000 tonnes averaging 3.38 g Au/t), 65,270 indicated ounces (620,000 tonnes averaging 3.27 g Au/t), and 9,970 inferred ounces of gold (106,000 tonnes averaging 2.89 g Au/t). Orezone Resources’ active Sega project is located approximately 25 kilometres to the northwest where an initial resource announced in an Orezone March 22, 2006 news release contains 310,600 indicated ounces of gold (4,844,000 tonnes averaging 1.99 g Au/t) and 73,000 inferred ounces of gold (1,413,000 tonnes averaging 1.61 g Au/t). (Readers are cautioned that the above information is not necessarily indicative that gold mineralization present on the either property continues into Kongoussi 1).

The Ronguen (RO) gold occurrence is a one kilometre long, east-west trending area of artisinal (small scale) mining which yielded significant gold values from rock sampling during geologic mapping (see Goldrush news release dated May 31, 2006). Gold occurs in quartz veining and quartz stockworks at and adjacent to a sheared contact between metasedimentary and dioritic rocks. The reverse circulation drilling program of approximately 675 metres in seven holes will provide a test over a 740 meter strike length and will provide information for a potential followup diamond drilling program in the fourth quarter. Salient chip sampling results and a drill plan map are available at The geochemically anomalous trend beyond RO extends for 5.5 kilometers to the west onto the Tikare permit of Goldrush.

On the Taparko Group permits, the rotary air blast (“RAB”) drilling program on the Tougouri permit is proceeding on schedule, with 2,450 meters of a planned 3,800 meter program completed between July 19 and July 24, 2006.

Further to the Company’s July 19, 2006 news release, the Company has now been granted a 100% interest in five exploration permits in the Taparko area: Birgui, Kirsiri, Dyakolra, Ninnougou and Ouavousse. The Birgui (31.2 km2) and Kirsiri (59.9 km2) permits replace the expired Birgui-Nabingou permit to the north of High River’s Taparko Exploitation Permit where High River is developing the Taparko-Bouroum open pit gold mine which is planned for production during the first quarter of 2007. Ninnougou (224.77 km2) and Dyakolra (202.7 km2) replace the expired Taparko South permit and lie immediately south of the Taparko Permit. The Dyakolra permit covers the western extension of the Monlouri shear zone, while the Ninnougou permit covers gold showings along the regional Markoye Fault Zone. The new Ouavousse permit (238 km2) lies directly south of the Company’s Nomikdou permit where the Company will be conducting a 2,650 meter RAB drill program in the very near future. The Ouavousse permit overlays a prospective area to the west of the Markoye fault where trenching by a previous operator returned a 4 meter section which graded 1.77 g Au/t.

The Company has also been granted a 100% interest in the Nimpira exploration permit (26 km2), located directly south of the Company’s Loropeni permit and on the west side and adjacent to Goldcrest Resources Ltd.’s Kampti Permit in the Hounde area. With the acquisition of these six permits, Goldrush now controls 100% of 25 exploration permits covering approximately 4,650 km2 of prospective geology in Burkina Faso. RAB drilling is currently underway on the Tougouri Permit and will be followed by RAB drilling on the Nomikdou permit. A reverse circulation drilling program is also underway on the Kongoussi 1 permit. Additional drilling programs will be conducted on several other permits before the end of 2006.

Dr. Jean-Francois Couture P.Geo, Principal Geologist with SRK, is the Qualified Person for the purpose of National Instrument 43-101. Dr. Couture reviewed the technical information contained in this news release.



Len Brownlie, President

FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Except for statements of historical fact relating to the company, certain information contained herein constitutes forwardlooking statements. Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the 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 that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

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