Gold Canyon Resources Inc.: Drilling at Cordero Gallium Project

Monday, August 18th 2008

Gold Canyon Resources Inc. announce an additional Reverse Circulation (RC) drilling program to be conducted at the Company’s Cordero Gallium Project in Nevada, as part of ongoing preparation for preliminary feasibility work. The drill program is designed to follow up and further test newly defined structurally controlled exotic metal anomalies. Also, it will provide additional metallurgical information on the rare and exotic metals that have been identified by previous RC and recent large diameter core drilling completed at Cordero. This drill program will consist of six holes having an aggregate length of approximately 2500 feet.

The Cordero Gallium Project, covering over 3,800 acres and recognized as the largest known primary gallium occurrence in North America, is located in and around the historic Cordero and McDermitt mercury mines, notable as the largest mercury producers in the western hemisphere during much of their production life.

Mr. Douglas Christopherson, Director and Mining Engineer for Gold Canyon and a Qualified Person as defined by National Instrument 43-101, is the person responsible for the preparation of the technical information in this news release. The Cordero Gallium Project is being conducted under Mr. Christopherson’s supervision.

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.

Additional information can be found on the Company’s website: www.goldcanyon.ca.