🕐29.03.11 - 18:27 Uhr

Springpole Gold Project Continues to Produce Long Gold Intercepts for Gold Canyo
n; Including 150 Meters at 2.56 Grams Per Tonne Gold





Springpole Gold Project Continues to Produce Long Gold Intercepts for Gold Canyon; Including 150 Meters at 2.56 Grams Per Tonne Gold

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VANCOUVER, BRITISH COLUMBIA--(March 29, 2011) - Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) ("Gold Canyon" or "the Company") is pleased to announce assays from six new holes from its Winter 2011 Diamond Drill Program at its 100% controlled Springpole Gold Project, located 110 kilometers northeast of the Red Lake Mining Camp, Ontario, Canada. Results include 150 meters at 2.56 grams per tonne gold (492 feet at 0.075 oz per ton gold) in hole SP11-045A, a vertical infill hole testing the southeast part of the Portage Zone. Included in this interval are 30 meters at 5.69 grams per tonne gold (98 feet at 0.166 oz per ton gold), including 10 meters at 11.11 grams per tonne gold (33 feet at 0.324 oz per ton gold) of similar character to the high grade encountered in hole SP11-040 (100.5 meters at 7.23 grams per tonne reported in a news release dated March 15, 2011) (to see attached map please click on:

"These six holes are infill, and they tell us a lot," comments Dr. Quinton Hennigh, a technical advisor to and a director of Gold Canyon. "First, we can now confidently say that mineralization starts at surface down the entire length of the Portage Zone. Second, we now see intervals of high-grade mineralization in drill holes along 300 meters strike along the mid-section of the Portage Zone. Third, we encountered the widest intercept yet across the Portage Zone, a true width of at least 280 meters in hole SP11-042 situated in the far southeast. Lastly, all six holes bottom in mineralization suggesting there is more going on at depth."

Summary of Drill Intercepts from Portage Zone Hole From
(meters)
To
(meters)
Length
(meters)
Gold
(grams
per
tonne)
Gold
(grams per
tonne) - top
cut to 34.25
gpt
Length
(feet)
Gold
(oz per
ton)
Gold
(oz per ton)
- top cut to
1 opt
SP11-041 161.00 237.00 76.00 1.50 1.50 249 0.044 0.044 includes 211.50 214.50 3.00 11.56 11.56 10 0.338 0.338 includes 225.00 237.00 12.00 2.05 2.05 39 0.060 0.060 An interval of no core recovery was encountered from 231-232.5 meters. Hole ends in mineralization at 237 meters. SP11-042 9.00 411.00 402.00 0.76 0.76 1319 0.022 0.022 includes 17.00 24.00 7.00 1.67 1.67 23 0.049 0.049 includes 57.00 411.00 354.00 0.80 0.80 1161 0.023 0.023 includes 157.00 158.00 1.00 17.83 17.83 3 0.521 0.521 includes 259.00 266.00 7.00 2.04 2.04 23 0.060 0.060 includes 273.00 319.00 46.00 1.54 1.54 151 0.045 0.045 includes 348.00 391.50 43.50 1.52 1.52 143 0.044 0.044 Intervals of no core recovery were encountered from 383.5-385.5, 388.5-390, 402-403.5 and 405-406.5 meters. Hole ends in mineralization at 411 meters. SP11-043 42.00 153.00 111.00 2.03 1.24 364 0.059 0.036 includes 112.50 117.00 4.50 36.21 16.77 15 1.057 0.490 includes 112.50 114.00 1.50 92.57 34.25 5 2.703 1.000 An interval of no core recovery was encountered from 42.5-45 meters. Hole ends in mineralization at 153 meters. SP11-044 132.00 351.00 219.00 0.71 0.71 718 0.021 0.021 includes 132.00 313.50 181.50 0.84 0.84 595 0.025 0.025 includes 132.00 213.00 81.00 1.07 1.07 266 0.031 0.031 includes 135.00 136.00 1.00 14.74 14.74 3 0.430 0.430 includes 199.50 213.00 13.50 2.20



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