Goldrush Resources Ltd.
TSX VENTURE : GOD

Goldrush Resources Ltd.

January 22, 2007 23:59 ET

Goldrush Announces Positive Follow-Up Drilling Results from Ronguin, Near the Bissa Project, Burkina Faso, West Africa

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 22, 2007) - Goldrush Resources Ltd. (TSX VENTURE:GOD) ("Goldrush" or the "Company") is pleased to announce the receipt of assay results from a follow-up rotary air blast ("RAB") drilling program which was designed to test the east-west strike extent of the Ronguin gold zone. Ronguin is located on the Kongoussi I permit, six kilometres northwest of the High River Gold Mines Ltd. (TSX:HRG) ("High River"), Bissa Project and had previously received seven reverse circulation (RC") drill holes in the initial Goldrush program [see Goldrush news release dated August 31, 2006] over a strike length of 740 meters.

New RAB assay highlights include:

- 2.21 g/t Au over 28 meters

- 1.14 g/t Au over 12 meters

- 1.1 g/t Au over 8 meters

- 7.95 g/t Au over 2 meters

The western drill fence encountered wide intersections of gold mineralization in three adjacent holes. Significant intersections are:



Drill Hole Location and Assay Summary Table

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Local Local
Grid Grid Interval
X Y From To (i) Gold
Hole ID Co-ord. Co-ord. (m) (m) (m) (g/t)
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KGRB06-001B 300 205 16 18 2 7.95
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KGRB06-001 300 230 38 40 2 0.63
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KGRB06-002 303 255 0 2 2 1.81
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KGRB06-002 303 255 32 40 8 1.1
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KGRB06-003 300 280 8 36 28 2.21
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KGRB06-004 300 305 6 18 12 1.14
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KGRB06-005 300 330 2 4 2 0.74
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KGRB06-006 300 355 24 26 2 0.6
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KGRB06-007 300 380 12 14 2 1.11
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(i) Readers are cautioned that there is not sufficient information to
determine if the reported down hole lengths represent truewidths.


A drill plan showing the significant intersections is available at www.goldrushresources.ca.

In this program, the RAB drilled fences consisted of a series of holes inclined at -50 degrees to the north, spaced by 25 meters and drilled to a depth of approximately 42 meters.

The 3,206 meter RAB drill program consisted of 66 shallow holes arranged in five, north-south fences. One fence was located 200 meters to the west of the main Ronguin artisan site and the previously drilled most western RC hole KGRR06-001. Four fences were drilled approximately 400 meters apart, beginning 500 meters to the east of the most eastern previously drilled RC hole, KRR06-005. The four eastern fences did not encounter significant gold mineralization; however the auriferous zone may remain open to the east based on a re-interpretation of the resistivity data related to the position of the mineralization on the western (mineralized) fence. The auriferous trend remains open along strike to the west.

The Ronguin gold occurrence has been outlined by artisanal mining pits which yielded significant gold values in previously reported rock sampling during geologic mapping (see Goldrush news release dated May 31, 2006). The anomalous geochemical trend, including the Ronguin site, extends for 5.5 kilometers farther west onto the Tikare permit of Goldrush. Gold occurs in quartz veining and quartz stockwork primarily in metasedimentary rocks, and also at and adjacent to a sheared contact between the metasedimentary and dioritic rocks.

The initial 7 hole reverse circulation ("RC") drill program conducted in July 2006 tested only 740 meters of the known strike length of the Ronguin trend. The shallow, seven hole (724 meters) program comprised of five holes drilled in a northerly direction and two holes offset to the north and drilled southerly entirely within diorite. All five northerly plunging holes returned very encouraging assay results, primarily from the preferred metasedimentary host rock, with hole RR06-02 reporting an excellent 2.64 g/t Au over 9.0 meters. Hole RR06-03, collared 210 meters east of RR06-02, returned 1.84 g/t Au over 5.0 meters. Hole RR06-04, collared 110 meters east of RR06-03, returned 1.63 g/t Au over 5.0 meters, 1.62 g/t Au over 5.0 meters and 0.92 g/t Au over 8.0 meters. Hole RR06-05 (the most easterly hole), collared 120 meters east of RR06-04, returned intersections of 0.80 g /t Au over 6.0 meters and 0.57 g/t Au over 8.0 meters. The western most hole, KGRR06-01, collared 287.5 meters west of RR06-02 returned intersections of 0.94 g/t Au over 3 meters and 0.62 g/t Au over 5 meters. There is insufficient information to determine if the previously reported hole length intervals represent true widths.

Len Brownlie, President and CEO of Goldrush, commented, "Goldrush has made substantial progress in its first year in Burkina Faso. With the assistance of High River Gold Mines Ltd., we have acquired an exceptional portfolio of permits that cover over 5,900 square kilometres of prospective greenstone belts in four area plays and we are now identifying our first priority targets for detailed exploration in 2007. In this regard, we have been blessed with three projects - Falagountou, Ronguin and Olongo/Bangbara which have all produced positive early exploration results. At Ronguin, the new RAB drill intersections, some 200 meters west of our previous drilling, serve to increase the known size of an auriferous trend that is strategically located only six kilometres from High River's Bissa project. Our corporate objective is to define a sizable, near surface gold resource that either supports a stand-alone mill or is within trucking distance to a planned processing facility. At this point, all three of the above projects retain the potential to fulfill this objective."

Immediate plans for further exploration at Ronguin include an extension to the mineralized western fence and an extension of one of the eastern fences towards the south. The RAB drilling is planned to be followed up with additional reverse circulation drilling.

Additional Drilling Results

Wole Permit

The Wole permit is located approximately 25 kilometres from the new Taparko -Bouroum processing facilities of High River. Prospecting in the northwest corner of this permit in August, 2006 led to the discovery of a 200 metre long, northerly striking artisanal mining site. Gold mineralization occurs at the contact between deformed mafic volcanic rocks and granite. Sampling of rejects from the artisanal site provided 11 samples that carried gold values greater than 1 g/t gold. A recently completed, two hole, 144 metre RC drill program provided the following encouraging results:



--------------------------------------------------------------------------
Grid Grid Interval
X Y From To (i) Gold
Hole ID Co-ord. Co-ord. (m) (m) (m) (g/t)
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WLWR06-001 759175 1487855 0 1 1 5.95
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WLWR06-001 759175 1487855 33 39 6 2.64
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WLWR06-002 759184 1487921 30 31 1 0.78
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(i) Readers are cautioned that there is not sufficient information to
determine if the reported down hole lengths represent true widths.


Follow-up of these results will consist of gridding, soil sampling and ground geophysics, with warranted RAB or reverse circulation drilling to be conducted thereafter.

Tougouri Permit

At Tougouri, which lies approximately 20 kilometres southwest of the Taparko open pits, a 3,426-metre RAB drilling program conducted in July 2006 had provided seven boreholes that yielded gold intersections greater than 0.5 g/t Au, with the best intersections grading 5.5 g/t Au over 2 meters and 1.6 g/t Au over 4 meters (see Goldrush news release dated September 19, 2006). These initial drilling results verified the geochemically anomalous nature of a portion of the previously identified geophysical anomaly and demonstrated a target area of approximately 400 meters x 1,200 meters. Goldrush conducted 294 meters of RC drilling in 7 holes to follow up the best gold intersections at depth and along strike. The higher assay results are as follows:



--------------------------------------------------------------------------
Grid Grid Interval
X Y From To (i) Gold
Hole ID Co-ord. Co-ord. (m) (m) (m) (g/t)
--------------------------------------------------------------------------
TUA1R06-001 50 -658 8 9 1 9.10
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TUA1R06-002 700 -958 12 14 2 1.22
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TUA1R06-007 1300 -862.5 35 36 1 0.66
--------------------------------------------------------------------------
TUA1R06-007 1300 -862.5 66 67 1 0.62
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(i) Readers are cautioned that there is not sufficient information to
determine if the reported down hole lengths represent true widths.


These results did not confirm strong economic potential of the original target but may indicate the presence of a high grade vein along Line 50E. A trenching program will be considered to confirm the dimensions of this vein.

Nomikdou Permit

The Nomikdou permit lies 60 kilometres south southwest of the Taparko processing facilities. A RAB drilling program over three targets was completed in late July 2006 (see Goldrush news release dated September 19, 2006). The program consisted of four, east southeast oriented fences of inclined RAB holes totalling 2,509 meters. Eleven holes yielded twelve gold intervals grading more than 0.5 g/t Au, with the best intersection grading 2.4 g/t Au over 8 meters on Zone 2, fence 3000N. To follow-up on these positive results, Goldrush completed 385 meters of RC drilling in 6 holes to investigate the best gold intersections at depth and along strike. Assay results are as follows:



--------------------------------------------------------------------------
Grid Grid Interval
X Y From To (i) Gold
Hole ID Co-ord. Co-ord. (m) (m) (m) (g/t)
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NKZR06-002 -408 3000 15 18 3 1.85
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NKZR06-002 -408 3000 23 24 1 0.67
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NKZR06-003 -387 3000 14 17 3 0.83
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NKZR06-003 -387 3000 23 24 1 0.55
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NKZR06-003 -387 3000 32 33 1 1.56
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NKZR06-003 -387 3000 71 72 1 0.51
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NKZR06-003 -387 3000 78 79 1 0.81
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NKZR06-004 -385 3080 32 33 1 1.12
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NKZR06-004 -385 3080 41 42 1 0.98
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NKZR06-004 -385 3080 45 48 3 0.41
--------------------------------------------------------------------------
NKZR06-005 -385 2920 26 27 1 0.94
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NKZR06-005 -385 2920 36 37 1 0.82
--------------------------------------------------------------------------
NKZR06-005 -385 2920 41 42 1 0.62
--------------------------------------------------------------------------
NKZR06-005 -385 2920 45 48 3 0.95
--------------------------------------------------------------------------
NKZR06-005 -385 2920 79 80 1 0.52
--------------------------------------------------------------------------
NKZR06-006 -1578 3395 4 5 1 0.80
--------------------------------------------------------------------------

(i) Readers are cautioned that there is not sufficient information to
determine if the reported down hole lengths represent true widths.


These results indicate anomalous values over the Zone 2 target, but the nature and extent of the gold mineralization intersected does not suggest the presence of an economic gold deposit. No further work is planned on this permit at the present.

Hounde Greenstone Belt

The eight Hounde Area exploration permits controlled by Goldrush are located approximately 280 kilometres southwest of the capital city of Ouagadougou, in the southern portion of the Hounde greenstone belt along a portion of the regional Hounde-Ouahigouya shear zone. Before this year, no reconnaissance exploration work had been conducted on several of the permits and none of the permits have been investigated by drilling. Goldrush has established a 20-person mobile camp on the Olongo permit and is completing a program of 200 x 100 meter gridding, mapping and soil sampling on several areas of the Olongo, Bangbara and Ouangoro permits.

During November and December 2006, a nine kilometre north-south baseline was established along the common border between the Olongo and Bangbara permits and extended three kilometers north onto the Ouangoro permit. Cross lines were established every 200 meters, extending 1,100 meters east (on Olongo) and 2,200 or 2,500 meters west (on Bangbara and Ouangoro, respectively) from the baseline, for a total cross line distance of 135 kilometres.

Additional rock and soil sample assays from this program are awaited and will be integrated into the geological database to assist in locating the RAB drill fences of a 10,000 metre rotary air blast ("RAB") drilling program on these three permits, which is scheduled to begin in late January, 2007.

The RAB program will assist in the definition of the newly discovered northerly trending, 5 kilometre long and 2.5 kilometre wide gold-bearing corridor on the Olongo and Bangbara permits (see Goldrush news release dated November 01, 2006).

Quality Assurance and Quality Control

Goldrush follows a strict sampling and QA-QC protocol. Details of this program for RAB and RC drilling and rock and soil sampling are provided in Goldrush news releases dated November 1, September 19, August 31 and July 19, 2006.

Dr. Jean-François 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.

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.

To view the map accompanying this press release please click on the following link: http://www.goldrushresources.ca/images/map_jan2207.gif

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