Granite Creek Gold Ltd.
TSX VENTURE : GCX

Granite Creek Gold Ltd.

January 21, 2014 15:03 ET

Granite Creek Reports on Its Annual General Meeting, New Directors, Grant of Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 21, 2014) - Granite Creek Gold Ltd. (TSX VENTURE:GCX) (the "Company") is pleased to report that the Company held its Annual General Meeting on January 16, 2014, at which time Timothy Johnson, Keon Kwan, Willis W. Osborne and Mamadou Keita were re-elected to the Company's Board of Directors. Kyler Hardy and Michael Rowley were elected as new members of the Board of Directors.

The Company would like to thank former Directors, Jim Glass and Steve Soby, for their contributions to the Company. Both gentlemen decided not to stand for re-election to the Board and the Company would like to wish them well as they seek other opportunities.

Kyler Hardy

Mr. Hardy is a successful entrepreneur who has been involved in the mining industry for over eleven years. He has extensive experience building companies from early stage start-ups to advanced operating companies. Currently President and Director of Ashburton Ventures, a TSX Venture Exchange listed company, he is also a founder and former CEO of UTM Exploration Services Ltd., a turnkey mineral exploration and management firm specializing in early-stage contract exploration employing over 120 people across Canada and Africa. Mr. Hardy is experienced in project generation, exploration management, project and company planning, raising capital, corporate development and developing strategic partnerships and alliances.

Michael Rowley, BSc, RPBio

Mr. Rowley obtained a Bachelor of Science degree from the University of British Columbia in 1990 and has eighteen years executive experience in the mining and mineral testing industries. Currently he is President and Director of Duncastle Gold Corp and a Director of Bravada Gold Corp, both of which are junior exploration companies listed on the TSX Venture Exchange. Mr. Rowley is also an Officer of and Mine Operations Manager for Sierra Mountain Minerals Inc., makers of a SierraSil, a dietary supplement. He is President of Blue Sky Mines Ltd and a related company, EnviroAsh Technologies Inc., both of which are developing recycling technologies based on mineral processing techniques. Past roles in mining technology development and corporate management include long-term roles as President of NTBC Research Corp. and Vice-President of Biomet Mining Corp (now BioteQ Environmental).

Shareholders approved the Company's Stock Option Plan, pursuant to which the directors may, from time to time, authorize the issuance of options to directors, officers, employees and consultants of the Company to a maximum of 10% of the issued and outstanding common shares at the time of the grant with a maximum of 5% of the Company's issued and outstanding shares being reserved to any one person. MacKay LLP was appointed as auditors for the ensuing year.

Shareholders also approved the Company's Advance Notice Policy, providing shareholders, directors and management of the Company with a clear framework for nominating directors of the Company. The full text of the Policy is available on the Company's website or upon request by contacting the Company's Corporate Secretary.

Finally, Shareholders approved the resolution to amend the Company's Articles, the effect of which is to alter the existing Articles to ensure the Company may make use of notice-and-access for sending proxy materials to shareholders, if and when the Company desires to do so. In all other respects, the existing Articles of the Company will remain unaltered and in full force and effect. The Amendment is subject to TSX Venture Exchange approval.

Subsequent to the Annual General Meeting, the Board of Directors appointed Messrs. Kwan, Hardy and Rowley to the audit committee and the following persons were appointed as officers: Timothy Johnson as President and Chief Executive Officer, Keon Kwan as Chief Financial Officer and Jennifer Nestoruk as Secretary.

The Board has approved the granting of stock options to two Directors for the purchase of up to 250,000 common shares of the Company's capital stock for a period of five years at a price of $0.10 per share in accordance with the Company's Stock Option Plan and subject to regulatory approval.

About Granite Creek Gold

Granite Creek is a Vancouver based exploration company in the business of acquiring and carrying out exploration on mineral properties, especially those with precious metals potential, with the goal of establishing a mineable mineral resource. Granite Creek's Canadian projects consist of the gold/copper/molybdenum Taseko Property, 225 km north of Vancouver, BC, on which it has an option to acquire a 70% interest; the 100% owned 654 ha Railway Property, a copper project in the highly prospective Stikine arch area of northwestern BC; and the 5611 ha Troitsa Property, a copper/molybdenum/gold property located in central BC, on which it has an option to acquire a 100% interest. The Company also has an option to acquire a 100% interest in the 75 sq km Darsalam gold concession in Mali, West Africa.

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 regulatory approvals, 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 regulatory 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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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