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      Gold Canyon Named To 2011 TSX Venture 50
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Gold Canyon Resources Inc. (GCU: TSX-V) ("Gold Canyon" or "the
Company") is pleased to announce that it has been named as one of the
2011 TSX Venture 50(r), a ranking of strong performing companies listed
on TSX Venture Exchange.

"We are pleased and honoured to be named as part of this year's TSX
Venture 50," said Akiko Levinson, President and Director of Gold
Canyon. "This distinction is a real testament to the individuals whose
hard work and dedication have made Gold Canyon a success. The Company
looks forward to creating greater shareholder value as it conducts its
2011 exploration program."

The TSX Venture 50(r) are the top 10 companies listed on the TSX
Venture Exchange, in each of five major industry sectors -- mining, oil
& gas, technology & life sciences, diversified industries and clean
technology -- based on a ranking formula with equal weighting given to
return on investment, market cap growth, trading volume and analyst
coverage. All data was as of December 31, 2010.

About Gold Canyon Resources Inc.:

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 Guyana Frontier Mining Corp. 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.

Gold Canyon entered into a Joint Exploration Agreement with the Japan
Oil, Gas and Metals National Corporation (JOGMEC) in January 2009.

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

Akiko Levinson,
President & Director

For further information, please contact:
Tel: (604) 682-3234   
Toll free: 1 (888) 242-3234   
Fax: (604) 682-0537  
info@goldcanyon.ca

Investor Relations:  Leo Karabelas, Tel: (416) 543-3120  
Email: leo@frontlineir.com
 
Certain statements contained in this news release using the terms
"may", "expects to", "project", "estimate", "plans", and other terms
denoting future possibilities, are forward-looking statements in
respect to various issues including upcoming events based upon current
expectations which involve risks and uncertainties that could cause
actual outcomes and results to differ materially. The future conduct of
the Company's business and the feasibility of its mineral exploration
properties are dependent upon a number of factors and there can be no
assurance that the Company will be able to conduct its operations as
contemplated and the accuracy of these statements cannot be guaranteed
as they are subject to a variety of risks that are beyond our ability
to predict or control and which may cause actual results to differ
materially from the projections or estimates contained herein. The
risks include, but are not limited to, the risks described in the above
press release; those risks set out in the company's disclosure
documents and its annual, quarterly and current reports; the fact that
exploration activities seldom result in the discovery of a commercially
viable mineral resource and are also significant amounts of capital to
undertake and the other risks associated with start-up mineral
exploration operations with insufficient liquidity, and no historical
profitability. The Company disclaims any obligation to revise any
forward looking statements as a result of information received after
the fact or regarding future events. 

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this news
release.