======================================================================= Re: News Releases - Wednesday, October 13, 2010 Grant of Incentive Stock Options ======================================================================= Gold Canyon Resources Inc.

(GCU: TSX-V) ("Gold Canyon" or "the Company") announces that it has granted incentive stock options to certain directors, senior officers, employees and consultants to purchase an aggregate of 2,000,000 common shares at an exercise price of $1.00 per share, representing a premium to the closing price of the Companys common shares on October 12, 2010 as reported on the TSX Venture Exchange (the "Exchange").

The stock options expire on October 13, 2012.

The grant was pursuant to the Companys Rolling Stock Option Plan, which was re-affirmed by the shareholders of the Company on April 22, 2010 and subsequently accepted by the Exchange. About Gold Canyon Resources Inc.: Gold Canyon is engaged in the acquisition and exploration of mineral and precious metals properties.

The Company controls a 100% interest in the Springpole Gold - Horseshoe Island Gold, Platinum, Palladium Project and Favourable Lake Poly-metallic property currently under option to Shoreham Resources Inc.

pursuant to an option and joint venture agreement entered into in December 2005 - all in the Red Lake Mining District of Ontario, Canada.

Through its wholly owned U.S.

subsidiary, Gold Canyon Resources USA Inc., the Company controls a 100% interest in the Cordero Gallium Project situated in Humboldt County, Nevada, U.S.A. Gold Canyon entered into a Joint Exploration Agreement with the Japan Oil, Gas and Metals National Corporation (JOGMEC) in January 2009. Additional information can be found on the Companys website: www.goldcanyon.ca Akiko Levinson, President & Director For further information, please contact: Tel: (604) 682-3234 Toll free: 1 (888) 242-3234 Fax: (604) 682-0537
Investor Relations: Leo Karabelas, Tel: (416) 543-3120 Email:
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 news release. Associated File: http://www.goldcanyon.ca/i/pdf/gcu-news-2010-1013-1.pdf 14 KB in size, approx.

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(GCU) All rights reserved.

For more information visit our website at http://www.goldcanyon.ca/ or send mailto: Message sent on Wed Oct 13, 2010 at 11:29:56 AM Pacific Time =======================================================================