Gold Canyon Announces Rare Metals and Rare Earth Elements at the Cordero Gallium Project

Gold Canyon Resources Inc. (TSX VENTURE: GCU)(PINK SHEETS: GDCRF) ("Gold Canyon" or "the Company") is pleased to announce analytical results for selected rare metals and rare earth elements (REEs) from the Stage 1 delineation drilling 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.

Analytical results from the 71 reverse circulation (RC) drill holes completed in the Stage 1 delineation drilling program show the gallium (Ga) mineralized zones at Cordero to be anomalous in the rare metals and rare earth elements (REEs), including scandium (Sc), yttrium (Y), cerium (Ce), neodymium (Nd), samarium (Sm), gadolinium (Gd), and lanthanum (La). These elements are valuable commodities used in the semi-conductor industry for many of the new "Green" technologies, including the manufacture of energy efficient lighting and high performance batteries for electric cars. Gold Canyon is evaluating the economic potential associated with recovering rare metals and REEs from the gallium zones at Cordero. A summary of select REEs and scandium values associated with gallium mineralization are shown in Table 1.

Current plans at Cordero include completing the final 10 RC drill holes of the Stage 1 fill-in drill program designed to increase the drill density between the Corderito and SW Extension areas. This program is scheduled to re-start in May 2007 pending drill rig availability.

This program is being conducted under the supervision of consulting geologist, Samuel Nunnemaker. Mr. Nunnemaker is a Registered Geologist and Qualified Person under the NI 43-101. All samples were analyzed through Inspectorate Laboratories of Reno, Nevada.

TABLE 1: Cordero results for Scandium and select REEs

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                     Inter-                Wt Average (ppm/g)
Drill     Interval    cept  -----------------------------------------------
Hole    From     To    (ft)    Ga    Sc     Y     Ce    Nd    Sm   Gd    La
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C-086  170.0  195.0   25.0  173.6  15.4  66.3  387.5 129.9  24.3 23.6 245.1
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C-091  145.0  160.0   15.0   75.0  30.4  22.6  186.4  71.5  10.5  9.1 109.8
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C-093  135.0  165.0   30.0   79.5  21.8  11.7  227.7  94.0  14.5 10.7 109.0
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C-094  135.0  155.0   20.0   50.0  21.1  18.0  178.7 102.2  16.2 11.4  70.7
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C-094   85.0  120.0   35.0  105.6  27.1  19.8  230.2  82.0  11.0  9.9 125.4
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C-095  145.0  180.0   35.0   61.7  27.2  28.3  247.6 123.0  20.1 16.0 113.2
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C-096  130.0  150.0   20.0   66.5  16.9  17.4  155.7  69.8  10.8  8.3  77.4
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C-097  170.0  200.0   30.0   69.3  14.9  13.9  252.4 134.1  20.2 14.8 102.2
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C-098   75.0  130.0   55.0   78.8  15.8  16.9  215.0  58.5   6.4  7.8 131.6
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C-099   55.0  125.0   70.0  147.2  19.8  18.3  174.2  42.9   5.7  5.8 125.5
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C-104   45.0   75.0   30.0  105.5  33.1  64.9  398.6 169.3  21.6 17.6 232.8
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C-112  105.0  130.0   25.0  265.0  10.8  26.2  438.8  86.5   6.5 10.9 287.2
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C-113   85.0  105.0   20.0   99.3  12.6  23.2  337.4  61.9   7.9  9.9 299.1
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C-128  150.0  165.0   15.0  149.7  15.2  16.5  297.1  61.5   6.8 10.0 208.5
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C-131   45.0   85.0   40.0   83.0   8.6  29.3  269.9 109.7  16.5 15.5 138.7
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C-132   50.0   70.0   20.0   86.0  11.0  13.0  492.6 146.6  18.6 19.8 292.1
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C-134   85.0  100.0   15.0   51.3   6.3  15.9  209.6  90.7  13.1 12.3  83.3
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C-149  150.0  170.0   20.0   40.4  10.6  98.4  150.2 118.0  28.5 32.6  50.7
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About Gold Canyon Resources Inc.:

Gold Canyon is engaged in the acquisition and exploration of rare and precious metals properties. The Company controls a 100% interest in the Springpole Gold Project, the Favourable Lake Poly-metallic Project and Bear Head Uranium Project 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.