Staccato Gold Resources Ltd.
TSX VENTURE : CAT

Staccato Gold Resources Ltd.

December 20, 2006 18:17 ET

Staccato Permits 37 Hole Drill Program at South Eureka, Nevada

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 20, 2006) - Staccato Gold Resources Ltd. (TSX VENTURE:CAT) is pleased to announce that a Notice of Intent (NOI) for its Phase 3 drilling program has been approved by the Bureau of Land Management (BLM) on December 1, 2006. Core drilling is scheduled to commence in the second half of January 2007, depending upon drill rig availability.

The objective of the Phase 3 program is to define new gold resources along a significant segment of the Ratto Ridge Fault system south of the Lookout Mountain pit. Thirty-seven sites have been approved by the BLM which are distributed along approximately 1.5 kilometers (5,000 feet) of the Ratto Ridge Fault trend. Ten to 12 of these sites will be cored with the remainder of the sites designed as offset/follow-up holes which will either be cored or drilled with a reverse circulation (RCR) machine. The Company is confident that the geologic model developed in the previous drilling programs will successfully guide the Phase 3 program in defining new gold resources south of the Lookout Mountain pit. Since core drilling has repeatedly demonstrated the stratabound nature of the gold mineralization in thick zones of collapse breccias within carbonate rocks flanking the Ratto Ridge structural zone, the initial holes of the Phase 3 program will be core to allow for better geologic control in new areas.

The Company is also currently formulating future drilling plans in the high potential Windfall/Rustler/Hoosac area, the center of which is located 5.3 kilometers (3.3 miles) northeast of the Lookout Mountain pit. Other areas with significant gold values in drill hole intercepts and/or with significant surface gold values are also being evaluated for future drilling programs.

The previous core drilling programs of 2005-2006 have increased the Company's South Eureka gold resource to 545,000 measured and indicated ounces of gold from 273,000 ounces, and 336,000 inferred ounces of gold from 177,000 ounces (please refer to the Company's press release of October 26, 2006 for complete details of the resource estimate as prepared by independent QP, L. Creel, P.Eng.).



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Measured
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Cutoff Short Oz/ton
Oz/ton Tons Au Oz Au
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0.010 5,490,350 0.044 240,585
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Indicated
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Short Oz/ton
Tons Au Oz Au
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8,550,330 0.036 304,300
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Inferred
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Short Oz/ton
Tons Au Oz Au
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11,188,410 0.030 336,270
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The Company has retained Mine Development Associates (MDA) to complete a third party NI 43-101-compliant resource estimate that will include the core hole data. MDA will also perform an economic scoping study for the Lookout Mountain gold resource. This work is expected to be completed soon after the first of the year.

The Company's 100% owned property position comprises an area of over 17,600 acres (27 square miles) and is one of the largest gold exploration target opportunities held by a junior in Nevada. The property is located in the Eureka Mining district within the Battle Mountain - Eureka Trend, also referred to as the Cortez Trend. Barrick's Archimedes (Ruby Hill) mine is located approximately 7.2 kilometers (4.5 miles) north of the Staccato claim block and is expected to commence production during this year. Historic production from the district is in excess of 2 million ounces. Staccato's South Eureka property has a rich history of gold production from several open pits including the Windfall Mine, one of Nevada's first open pit heap leach mines.

R.H. Russell, M.S. Geo and Qualified Person has approved and is responsible for the contents of this press release and for quality assurance and quality control of exploration undertaken at the Lookout Mountain project, Nevada.

On behalf of the Board of Directors

STACCATO GOLD RESOURCES LTD.

Greg Hryhorchuk, Vice-President & CFO

About Staccato Gold Resources Ltd.: Staccato Gold is a junior gold exploration company with resources and advanced exploration assets exclusively in Nevada. The Company has assembled a portfolio of five gold prospects in the dominant gold trends in Nevada and has a joint venture agreement in place on its ICBM property in the Cortez Trend with Barrick.

Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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