- 13th November 2006

Gold Canyon Drill Results From Cordero Gallium Project

Gold Canyon Resources Inc., has announced further results from its 2006 exploration development plans. These drill results are from the resource conversion program in progress at the Company’s Cordero gallium project located in Humboldt County, Nevada, USA. Cordero is recognized as the largest known primary gallium occurrence in North America. The discovery could have important ramifications as regards the region’s dependence on offshore resources. It could also help stabilise the often fluctuating pricing for this important element. This can only be good for the upper tiers of the business.

The Company is presently conducting a reverse circulation drilling program with holes at nominal 100 feet intervals to further define and convert indicated and inferred category resources to a measured category. The Company initially reported indicated resources containing 337,360 kg of gallium and inferred resources containing 384,640 kg of gallium in an independent technical report titled “NI 43-101 Technical Report and Resource Estimation for the Cordero Gallium Project Humboldt County, Nevada, USA” dated April 16, 2006, which was prepared by rêserva INTERNATIONAL LLC of Reno, Nevada.

To date 50 drill holes totalling some 10,000 ft of drilling are complete. The management is pleased and encouraged that the results to date support and validate the mineralization model developed in the previous drilling campaigns of 2001 and 2002.

In October, Gold Canyon confirmed the widespread presence of scandium associated with gallium at its Cordero Gallium Project. Scandium is generally produced in small amounts as a by-product of uranium processing. The presence of scandium in mineralized material from Cordero was first reported by ChelaTech, Inc., while performing initial leaching and recovery tests for gallium. Based on this information, Gold Canyon has analyzed selected intercepts from the 2001 and 2002 drill programs to determine the presence and the grade of scandium associated with the gallium mineralization. Results confirm the presence of scandium throughout the gallium mineralized intercepts. All samples were analyzed by Inspectorate Laboratories of Reno, Nevada.

Analytical results for 17 drill holes completed in the SW Extension and Corderito Areas have been received and are summarized in a table on the company’s website: www.goldcanyon.ca