GoldTrain Resources Inc.

September 23, 2009 09:17 ET

GoldTrain Announces Exercise of Warrants

TORONTO, ONTARIO--(Marketwire - Sept. 23, 2009) - GoldTrain Resources Inc. ("GoldTrain") is pleased to announce that to date, GoldTrain has received notices exercising, directly and through the use of the oversubscription privilege, 2,117,286 Class "A" Warrants for gross proceeds of $254,074.32.

"I am pleased with the recent assay results at our Missinabie sampling program and the exercise of a significant number of Class 'A' Warrants", said Brian Wright, President of GoldTrain. "With results of 21.6 g of gold per tonne over 2.0 m and 10.59 g of gold per tonne over 3.0 m in our recent channel-sampling program that was reported in GoldTrain's news release dated September 9, 2009, I expect GoldTrain to return to Missinabie soon to complete additional channel sampling and then follow-up with diamond drilling to test these gold occurrences to varying depths. Given these circumstances, I do not expect the expiration of the Class 'A' Warrants to be extended past 4:30 p.m. (Toronto time) on Wednesday, September 30, 2009."

Each Class "A" warrant entitles the holder to purchase one common share of GoldTrain for $0.12 if exercised on or before the expiry date. The warrants also contain an over-subscription privilege entitling warrantholders to purchase additional GoldTrain shares on the expiry date at the same price if they exercise all of their warrants and other warrantholders do not. GoldTrain will pay a solicitation fee to securities dealers, brokers and others permitted under applicable securities laws to receive compensation for assisting in exercising warrants; the solicitation fee is equal to 6% of the amounts so subscribed.

Surface work was completed under the supervision of Joerg Kleinboeck, B.Sc., P.Geo, and the company's Qualified Person as defined by National Instrument 43-101. Mr. Kleinboeck has reviewed and approved the scientific and technical content of this release.

This Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the forward-looking statements and expectations.

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