Granite Creek to Receive Tax Credit

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 30, 2014) - Granite Creek Gold Ltd. (the "Company") (TSX VENTURE:GCX) is pleased to announce that it has received the results of an audit by the Canada Revenue Agency ("CRA") of certain expenditures related to flow through share issuances and renunciations of same for the years 2010 to 2012. As a result of the audit, the Company was informed by CRA that it would be receiving a tax credit of $168,257 in early 2015. These funds will be used for general and administration purposes and to advance the Company's Malian Projects.

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 Malian projects consist of the 75 sq km Darsalam gold concession on which it has an option to acquire a 100% interest; and the 94 sq km Niaouleni gold concession on which it likewise has an option to acquire a 100% interest. The Company also holds the 5611 ha Troitsa Property, a copper/molybdenum/gold/silver property located in central British Columbia, on which it has an option to acquire a 100% interest.

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.