Granite Creek Gold Ltd.

Granite Creek Gold Ltd.

December 14, 2011 15:08 ET

Granite Creek Reports on Its Annual General Meeting

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 14, 2011) - Granite Creek Gold Ltd. (the "Company") (TSX VENTURE:GCX) is pleased to report that the Company held its Annual General Meeting on December 8, 2011, at which time Timothy Johnson, Keon Kwan, Willis W. Osborne, Stephen Soby and James Glass were re-elected to the Company's Board of Directors.

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.

Subsequent to the Annual General Meeting, the Board of Directors appointed Messrs. Kwan, Soby and Glass 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.

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.

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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