Staccato Gold Resources Ltd.

Staccato Gold Resources Ltd.

February 01, 2006 12:25 ET

Staccato Receives Permit Approval to Commence Nine-Hole Drill Program at South Eureka, Nevada

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 1, 2006) - Staccato Gold Resources Ltd. (TSX VENTURE:CAT) is pleased to announce that it has received permit approval from the United States Bureau of Land Management for a nine-hole core drill program on the Lookout Mountain portion of Staccato's 100% owned South Eureka project on the southern extension of the Cortez Trend, Nevada.

Snow removal on the road up to the Lookout Mountain area has been initiated and the core drill is being mobilized tomorrow, February 2. It is anticipated that the drill will be on site and drilling by Saturday morning, February 4. The nine-hole 2,740-meter (9,000-foot) drill program is expected to be completed by April 1, and continuous assay results are expected to begin in late February.

The upcoming program will consist of 9 core holes, each to a depth of approximately 300 meters (1,000 feet), to follow-up the successful November, 2005 drill program. Using the newly identified mineral model, the 9 new holes are designed to extend the high-grade breccia-hosted mineralization along strike as well as laterally to the feeder structures. The structures are part of the Ratto Ridge Fault system which has been traced for a length of more than 4 kilometers (2.5 miles) by previous drilling, mapping and sampling. The potential exists to find this style of mineralization along the length of this fault system.

The three core holes from the November, 2005 drill program demonstrate a style of mineralization not previously recognized along the Ratto Ridge Fault system. Multiple stratabound horizons of gold mineralization were cut within thick collapse breccias developed in lower plate carbonate rocks. The breccias and style of mineralization seen in the holes are very similar to those seen in other high-grade breccia-hosted ore deposits in both the Carlin and Cortez Trends. Breccias of this type developed in carbonate rocks adjacent to major structures host most of the high grade ore in both Trends.

The Ratto Ridge Fault system represents a small portion of Staccato's 100% owned South Eureka property, which 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 2006. 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 the contents of this press release.

On behalf of the Board of Directors


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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