Goldrush Resources Ltd.
TSX VENTURE : GOD

Goldrush Resources Ltd.

January 15, 2007 09:30 ET

Positive Initial Drill Results From Goldrush at Falagountou IV, Burkina Faso

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 15, 2007) - Goldrush Resources Ltd. (TSX VENTURE:GOD) ("Goldrush" or the "Company") is pleased to announce results from its initial drill program on the Sofokel North prospect, which lies in the southeastern portion of the Falagountou IV permit in northeastern Burkina Faso, West Africa. A four hole, 418.5 meter diamond drilling program was conducted to confirm and extend significant drill results from previous work by Santa Fe Mining Inc. [see Goldrush News Release dated October 20, 2006]. Assay highlights include:

-1.9 g/t Au over 30.5 meters

-2.66 g/t Au over 6.7 meters

-2.25 g/t Au over 5.65 meters

-2.39 g/t Au over 2.1 meters

Goldrush diamond drill hole F4SC06-001 on section 1560800N was drilled to confirm the excellent historic intersection by Santa Fe (hole DSN-003) of 2.06 g Au/t over 33 meters. Confirmation was achieved with an intersection in the strongly sheared syenite of 1.9 g Au/t over 30.5 meters.

Goldrush diamond drill hole F4SC06-002, which was collared 35 meters behind hole 001 on the same section to test the gold mineralization intersected in hole 001 down dip, cut four separate zones within a 27.5 meter core length of sheared syenite. The cumulative core length interval of these zones is 15.6 meters and range in grade from 2.39 to 0.93 g Au/t (see Assay Summary Table, below).

Goldrush diamond drill hole F4SC06-003 on section 1560900N, 100 meters north from the above section, was drilled to confirm another excellent historic intersection by Santa Fe (hole DSN-011) of 1.37 g Au/t over 15 meters. The gold mineralization was confirmed in a raft of sheared mafic volcanic within the strongly sheared syenite yielding an intersection of 1.15 g Au/t over 8.5 meters.

Goldrush diamond drill hole F4SC06-004 was collared 35 meters behind hole 003 and on the same section. It intersected 2.66 g Au/t over 6.7 meters within the interpreted limits of the gold zone intersected by hole 003. In addition, an interesting interval grading 2.25 g Au/t over 5.65 meters was intersected 12.35 meters deeper in the hole within the syenite intrusion.

The auriferous sections are hosted by quartz-tourmaline veining within alteration envelopes containing pyrite, arsenopyrite and trace chalcopyrite. Native gold was identified in both deeper holes, in three composites.

Goldrush is currently analyzing the results of this initial drilling program along with the results of the previous Santa Fe exploration program. From 1995 to 1997, Santa Fe Mining Inc. conducted gridding, geological mapping, rock sampling and extensive soil geochemistry, followed up by soil pit geochemistry, trenching (3 trenches totaling 300 meters), and reverse circulation drilling (26 holes totaling 2, 163meters) on Sofokel-North. When Sante Fe Mining Inc. merged with another gold producer in 1998, it abandoned all permits in Burkina Faso. Goldrush has now rehabilitated and re-sampled all Santa Fe trenches. Assay results are pending.

Planning for phase 2 will include reverse circulation drilling to delineate the gold mineralization at the Sofokel North occurrence, and to test other targets on the Falagountou 4 permit. Also planned for the first quarter of 2007 is an induced polarization survey to cover the previously untested southern portion of Sofokel North.



Diamond Drill Hole Information and Assay Summary Table

------------------------------------------------------------------------
Len-
Hole Azi- Hole From To gth Au
ID UTM-X UTM-Y muth Dip Length Zone (m) (m) (m) (g/t)
------------------------------------------------------------------------
F4SC6-001 212574 1560806 283 -45 78.50 Sofokel 0 0.4 0.4 6.51
------------------------------------------------------------------------
F4SC6-001 212574 1560806 283 -45 78.50 Sofokel 17.5 48 30.5 1.9
------------------------------------------------------------------------
F4SC6-002 212606 1560799 283 -45 137.0 Sofokel 47.5 52.5 5 1.71
------------------------------------------------------------------------
F4SC6-002 212606 1560799 283 -45 137.0 Sofokel 56.9 59 2.1 2.39
------------------------------------------------------------------------
F4SC6-002 212606 1560799 283 -45 137.0 Sofokel 63.5 68 4.5 0.93
------------------------------------------------------------------------
F4SC6-002 212606 1560799 283 -45 137.0 Sofokel 71 75 4 2.13(i)
------------------------------------------------------------------------
F4SC6-003 212643 1560908 283 -45 72.50 Sofokel 15.5 16.5 1 0.75
------------------------------------------------------------------------
F4SC6-003 212643 1560908 283 -45 72.50 Sofokel 24.5 33 8.5 1.15
------------------------------------------------------------------------
F4SC6-004 212677 1560903 283 -45 130.50 Sofokel 58.8 65.5 6.7 2.66
------------------------------------------------------------------------
F4SC6-004 212677 1560903 283 -45 130.50 Sofokel 77.85 83.5 5.65 2.25(i)
------------------------------------------------------------------------
F4SC6-004 212677 1560903 283 -45 130.50 Sofokel 88.5 90.5 2 0.86(i)
------------------------------------------------------------------------

(i) Visible gold observed in core.


There is insufficient information to determine if the reported hole length intervals represent true widths, but the current interpretation suggests that the boreholes were drilled are almost perpendicular to the auriferous zones. Drill hole vertical cross sections are available at www.goldrushresources.ca.

Property Exploration Update

In January 2006, the Company acquired 21 exploration permits in Burkina Faso, West Africa from High River Gold Mines Ltd. ("High River"). Subsequent property acquisitions have increased the number of permits controlled and the area covered to approximately 5,900 square kilometres of prospective geology in Burkina Faso. During 2006, the Company conducted a C$2.2 million exploration program on these permits. Details of this exploration program are available at the Company's website: www.goldrushresources.ca and initial exploration results have been reported in news releases dated May 31, July 19, July 27, August 21 and 31, September 19, October 20 and November 1 and 21, 2006. During the fourth quarter of 2006, the Company had planned to drill test mineralized showings on seven exploration permits. However, equipment break-downs at an assay lab, and problems with drill rig access have delayed one program and slowed the flow of assay results from other programs. The current status of these drill programs is as follows:



-------------------------------------------------------------------------
Number of
Permit Name Area Type of Drilling Meters Completion Date
-------------------------------------------------------------------------
Olongo Hounde Rotary Air Blast 6,000 meters Q1, 2007
-------------------------------------------------------------------------
Bangbara Hounde Rotary Air Blast 4,000 meters Q1, 2007
-------------------------------------------------------------------------
Kongoussi I Bissa Rotary Air Blast 2,500 meters December, 2006;
awaiting assays
-------------------------------------------------------------------------
Kongoussi I Bissa Rotary Air Blast 2,000 meters To follow December
program
-------------------------------------------------------------------------
Tougouri Taparko Reverse Circulation 300 meters November, 2006;
awaiting assays
-------------------------------------------------------------------------
Nomikdou Taparko Reverse Circulation 370 meters November, 2006;
awaiting assays
-------------------------------------------------------------------------
Wole Taparko Reverse Circulation 200 meters November, 2006;
awaiting assays
-------------------------------------------------------------------------


The delayed results from these programs will be announced when they are received.

Quality Assurance and Quality Control

Goldrush follows a strict sampling and QA-QC protocol. Details of this program for diamond drilling are as follows:

Diamond drill core (HQ) samples are nominally one meter in length, although sample length may be modified to take into account geologic contacts or zones of poor core recovery. Core is split with a diamond core saw, with split core preserved and stored for later examination. All analytical work is carried out at the ALS Chemex (formerly Abilab) Laboratory in Bamako, Mali. The samples are subject to a full sample preparation followed by a 50 gram fire assay with atomic absorption finish. Individual gold samples with a gold concentration greater than 5.0 g Au/t are re-run with a gravimetric finish. Goldrush's QA-QC program includes inserting approximately 10% blank and standard reference samples, with all samples submitted for assaying. Blind repeat assaying at the original laboratory and check assaying at a North American accredited laboratory are planned at the end of the drilling campaign. A 0.5 g Au/t cut-off grade was used for calculation of all reported composite intervals. The maximum distance of dilution of assay below the cut-off grade included within a composite interval is 2.5 meters.

Dr. Jean-François Couture, P.Geo, Principal Geologist with SRK, is the Qualified Person for the purpose of National Instrument 43-101. Dr. Couture reviewed the technical information contained in this news release.

ON BEHALF OF THE BOARD OF DIRECTORS,

GOLDRUSH RESOURCES LTD.

Len Brownlie, Ph.D - President

FORWARD-LOOKING STATEMENTS: This news release contains certain "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Except for statements of historical fact relating to the company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

To view the maps accompanying this press release please click on the following links:

http://www.goldrushresources.ca/images/drillmap_1560900N.gif

http://www.goldrushresources.ca/images/drillmap_1560800N.gif

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