Mr. Akiko Levinson reports

GOLD CANYON INTERSECTS 217 METERS AT 1.57 GRAMS PER TONNE GOLD AT SPRINGPOLE GOLD PROJECT

Gold Canyon Resources Inc. has provided results for the first two drill holes of its summer 2010 diamond drill program at its 100-per-cent-controlled Springpole gold project, located in the Red Lake mining district of Ontario, Canada. Results include 217.0 metres at 1.57 grams per tonne gold (712 feet at 0.046 ounce per ton gold) in hole SP10-007 and 123.0 metres at 1.45 grams per tonne gold (404 feet at 0.042 ounce per ton gold) in hole SP10-008.

• Hole SP10-007, 217.0 metres at 1.57 grams per tonne gold (712 feet at 0.046 ounce per ton gold), was drilled at an azimuth of 220 degrees true north and inclination of minus 45 degrees and targeted a gap between the Portage and Camp zones. This hole demonstrates that mineralization persists to depths of 180 metres below surface in this area and has a true width of at least 153 metres. Mineralization in this hole appears consistent with that of the Portage zone which is hosted by intensely biotite altered trachytic porphyry. Gold is associated with a dense stockwork of biotite-pyrite-quartz-calcite veinlets that pervade the intrusive host rock.
• Hole SP10-008, 123.0 metres at 1.45 grams per tonne gold (404 feet at 0.042 ounce per ton gold), was collared 550 metres southeast of SP10-007. It was drilled at an azimuth of 212 degrees true north and an inclination of minus 45 degrees and targeted the southeastern extension of the Portage zone. The intercept above was preceded by an interval of 59.0 metres at 0.98 gram per tonne gold (194 feet at 0.029 ounce per ton gold), but due to a zone of no core recovery between 316.0 metres and 328.0 metres, the two intervals cannot be combined with certainty. Not only does this hole clearly demonstrate that the Portage zone continues in a southeasterly direction, it also shows that mineralization persists to depths of at least 320 metres below surface in this area. True width of this zone is estimated to be at least 137 metres in this area. Amazingly, mineralization in this hole is strikingly similar in appearance and grade to that in SP10-007 even though they are 550 metres distant.
• Results from SP10-007 and -008, coupled with results from SP10-002, -005 and -006 drilled during the winter 2010 drill phase (see news in Stockwatch from April 6 and May 4, 2010) and historic drilling, suggest that the Portage zone is a northwest-trending, near-vertical body of mineralization approximately 600 metres long with true widths ranging from about 45 metres to 153 metres. It persists from lake bottom to depths of at least 220 metres at its northwest end and 320 metres at its southeast extension. The Portage zone remains open to the southeast and at depth. Additional drill holes planned for this summer and the winter 2011 campaign will further evaluate continuity.
• Eight holes have been completed since the start of the summer program for a total of 2,675 metres. Holes SP10-015 and -016 are presently in progress. A total of approximately 6,000 metres are planned for summer 2010. Half of the summer 2010 program will test the Portage zone; the remaining half will test extensions of other gold zones on the property, including East Extension and Camp, and will twin historic holes to verify previous results.

"These results are very encouraging," states Dr. Quinton Hennigh, technical adviser to Gold Canyon. "These results are better in terms of length and grade than most of the historic drill holes from the Portage zone, and we believe this is a result of better core recovery than seen in the past. The Portage zone is wide open for expansion to the southeast and at depth. Additional holes to be drilled this season could dramatically increase the size of this zone."

                                                  Gold
                                                (grams
                 From         To     Length        per    Length   Gold (oz
Hole          (metres)   (metres)   (metres)     tonne)    (feet)   per ton)

SP10-007         33.0      250.0      217.0       1.57       712      0.046
includes         46.0       57.0       11.0       3.47        36      0.101
includes         76.0       79.0        3.0       3.83        10      0.112
includes        101.0      102.0        1.0       8.15         3      0.238
includes        124.0      143.5       19.5       2.92        64      0.085
includes        172.0      181.0        9.0       4.01        30      0.117
includes        187.0      204.0       17.0       2.22        56      0.065
includes        209.0      221.0       12.0       3.23        39      0.094
SP10-008        141.0      160.0       19.0       0.53        62      0.015
                257.0      316.0       59.0       0.98       194      0.029
includes        280.0      282.0        2.0      11.26         7      0.329
No recovery from 316 to 328 metres due to broken ground
                328.0      451.0      123.0       1.45       404      0.042
includes        350.5      360.0        9.5       2.40        31      0.070
includes        376.0      391.0       15.0       3.69        49      0.108

All reported assay intervals are weighted.
SP10-007 and SP10-008 both ended in mineralization; holes were terminated
due to poor drilling conditions.
Poor drill recovery was achieved over the last few metres of both holes.
One troy ounce is equal to 31.103 grams.
Conversion factor -- grams per tonne to troy ounces per short ton: g/t
 divided 34.2857 or g/t multiply by 0.0292.
One metre is equal to 3.28 feet.

The summer 2010 diamond drill program is part on a continuing program of drilling and remodelling of the Springpole deposit to move it toward prefeasibility. Drilling is planned to continue through early 2011, at which time work will begin on revising the resource estimate for the deposit.

Springpole is an alkaline gold system sharing similarities with other such deposits such as the great Cripple Creek deposit in Colorado. The Portage zone is hosted by a trachytic porphyry and displays remarkably uniform grades. Other zones including East Extension, Camp and Main consist of high-grade veins and pods hosted in diatreme breccias and country rocks surrounding the northwest and northern margins of the Portage zone. These mineralized zones underlie an area of about four square kilometres.

Core was logged, then split using diamond saws, with one-half sent for analyses and the other half stored for future reference. Quality control programs include the use of duplicates, standards, and internal and external check assaying. Certified sample standards were submitted with the normal sample stream. Gold assays were completed by SGS Canada Inc. in Red Lake, Ont., using a 30-gram charge, fire assay, with an ICP finish. For overlimit assay results, initial assays in excess of 10.0 g/t Au, a gravimetric finish is utilized.

Dr. Hennigh, PhD, PGeo, is the qualified person pursuant to National Instrument 43-101 responsible for, and has reviewed and approved, the technical information contained in this news release. Dr. Hennigh is acting as a technical adviser to Gold Canyon.

In addition, the company announces that its special meeting of shareholders was held Aug. 12, 2010, in Vancouver, B.C., at which the resolution was approved to amend the authorized share capital of the company to "unlimited common shares without par value" and altering the company's notice of articles accordingly.