Granite Creek Gold Initiates Work on Koussikoto Ouest

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 26, 2012) - Granite Creek Gold Ltd. (the "Company") (TSX VENTURE:GCX) is pleased to announce the commencement of a work program on the 35 square kilometre, Koussikoto Ouest gold concession, located in western Mali, West Africa. Work will consist of soil and rock chip sampling, geological mapping and mapping of areas of orpaillage, where local miners have dug pits in the search for gold. The work will be designed to follow up on Malian government geochemical results and is being completed under the 90-day Autorisation d'Exploration permit that is in place on the concession.

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements relating to the expected listing of shares, Exchange approvals, the use of proceeds, exploration programs, and other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include the Company's ability to obtain Exchange approval and to complete its exploration programs on schedule and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.