Granite Creek Gold Ltd.
TSX VENTURE : GCX

Granite Creek Gold Ltd.

September 26, 2011 16:02 ET

Granite Creek Gold Receives Work Permit and Prepares to Initiate Phase 1 Exploration Program

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 26, 2011) - Granite Creek Gold Ltd. (TSX VENTURE:GCX) (the "Company") is pleased to announce that the Ministry of Energy and Mines has granted the Company a 3-year work permit on the Taseko property, 220 kilometres north of Vancouver, BC. The permit provides the Company the ability to plan ahead. The Company has also retained More Core Diamond Drilling Services Ltd. out of Stewart, BC to complete its 2011 planned 1800 metre drill program.

Granite Creek Gold is a Vancouver based, Canadian exploration company. The Company's main asset consists of an option to acquire up to a 70% interest in the 2781 ha Copper-Gold-Molybdenum Taseko property located east of the south end of Taseko Lakes.

The property hosts several mineralized zones including the Empress, Granite Creek, East, Buzzer, Buzzer West, Rowbottom and Mowhawk. A February 1991 "preliminary pre-feasibility" study of the Empress deposit by James Askew Associates Inc. (1991) has calculated an in situ resource of 11,078,000 tons of 0.61 per cent Cu and 0.023 oz per ton (0.79 gram per tonne) Au at a 0.4 per cent copper cutoff grade.

Note: These historical resource estimates predates the implementation of NI 43-101 guidelines. It is not believed to be compliant with current accepted reserve and resource classifications as set forth by the Canadian Institute of Mining and Metallurgy, August 20th, 2000 (CIM Guidelines) and it does not conform to criteria set out in National Instrument 43-101. Therefore, these historical estimates should not be relied upon.

Dr. Mathias Westphal P.Geo a Qualified Person as defined in National Instrument 43-101 has reviewed the technical information in this news release.

For further information, please visit the Company's website at www.granitecreekgold.com.

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.

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