Goldrush Resources Ltd.
TSX VENTURE : GOD

Goldrush Resources Ltd.

January 30, 2008 13:00 ET

Goldrush Announces Investor Relations Agreement With the Richmond Club

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 30, 2008) - Goldrush Resources Ltd. (TSX VENTURE:GOD) ("Goldrush" or the "Company") is pleased to announce that the Company has retained the services of The Richmond Club of Toronto, Ontario in an investor relations capacity to increase Goldrush's investor awareness in Canada for a three year period.

The Richmond Club is a Toronto media firm that showcases high growth companies to its membership through its website, on internet-television news broadcasts, at investor luncheon meetings and at presentations that generate exposure to fund managers, stockbrokers and analysts. Under the terms of the agreement the Company will pay The Richmond Club a monthly fee of $1,330 for a period of 18 months and will grant it a three year incentive stock option to purchase 157,000 common shares of the company at an exercise price of $0.25 per share. Pursuant to the Company's approved stock option plan and the rules of the TSX Venture Exchange, the options granted to The Richmond Club will vest over a two year period, with one quarter of the options vesting immediately, subject to a four month hold period.

Company management looks forward to developing its relationship with The Richmond Club during the next three years at a time of increasing the public profile for its exploration projects in Burkina Faso and particularly the Ronguen Gold Discovery on the Kongoussi 1 and Tikare permits. In a news release dated January 15, 2008 Goldrush announced a high-grade trench intersection of 22.14 g/t gold over 14.6 m in the Ronguen Main Zone and 2.19 g/t gold over 15 m from another trench intersection 200 m to the south of the main zone in a new gold discovery named the "Ronguen South Zone". A National Instrument 43-101 compliant resource estimate report for Ronguen is expected to be completed by the end of Q1-2008.

About Goldrush: Goldrush is a mineral exploration company focused on gold exploration in Burkina Faso, West Africa with an established organization of people and projects to enable aggressive growth. Through a strategic partnership with High River Gold Mines Ltd. Goldrush has the ability to access High River's processing facilities and infrastructure without incurring all the capital costs associated with developing a stand-alone mine, thereby enhancing the economics of gold deposits within trucking distance of the processing facility.

For further information on Goldrush Resources Ltd., shareholders and other interested parties are invited to visit the Company's website at www.goldrushresources.ca.

ON BEHALF OF THE BOARD OF DIRECTORS,

GOLDRUSH RESOURCES LTD.

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 forward-looking 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.

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

Contact Information

  • Goldrush Resources Ltd.
    Don Willoughby
    Vice-President Corporate Development
    (416) 607-7347
    or
    Goldrush Resources Ltd.
    Len Brownlie
    President
    (604) 602-9973
    (604) 681-5910 (FAX)
    or
    Goldrush Resources Ltd.
    Investor Relations
    Email: info@goldrushresources.ca
    Website: www.goldrushresources.ca