Gold Canyon Resources put in an impressive week, following the announcement that hole SP11-077intersected 106 m of 3.36 g/t gold including 28 m of 10.10 g/t gold at its 100%-controlled Springpole Gold Project, located 110
km northeast of the Red Lake Mining Camp, in northwestern Ontario. Management highlighted that hole SP11-077 confirms
that the Portage Zone exhibits a high-grade core on the 0+800 m section. Additionally, Gold Canyon said hole SP11-
076 intersected 121 m of 0.70 g/t gold, beginning at just 28 m down hole depth, effectively connecting the Portage and East
Extension Zones in the near-surface environment. Commenting on the most recent results, Gold Canyon's Technical Advisor
and Director, Dr. Quinton Hennigh, stated, “Hole SP11-077 gives our first indication that a higher grade core of the Portage
Zone is present near the northwest end of the porphyry body. We have seen similar mineralization a few hundred meters further
southeast, and we are hopeful that as our infill program progresses, we will see continuity of this higher grade core continue. We
are also quite pleased that hole SP11-076 demonstrates near-surface mineralization between the Portage and East Extension
Zones. This adds a significant volume of mineralized rock to the overall picture.” Currently, four drills are operating at
Springpole and will continue through freeze-up, likely in early November. Approximately 12,000 m of core have been drilled so
far this summer, and it is expected that the drills should produce around 14,000 m of core, in excess of the 12,000 m that was
originally planned. Management noted that holes drilled this summer are expected to allow the company to revise the 43-101
compliant resource estimate for the deposit sometime late in 2011.