|By Marketwired .||
|January 15, 2013 05:17 PM EST||
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/15/13 -- Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINKSHEETS:GDCRF) ("Gold Canyon" or "the Company") is pleased to announce that Mr. Richard Moritz will join the Company as Vice President of Corporate Communications effective January 15, 2013. Mr. Moritz is a senior corporate communications specialist with 27 years' experience in the financial services and corporate communications sectors, primarily focused on the mining industry. His experience runs the full spectrum in the investment sector, having worked in trading, corporate finance, money management and corporate marketing. Mr. Moritz has recently worked with Veris Gold Corp. and previously with Fronteer Gold Inc. as Senior Director of Institutional Investor Relations.
In welcoming the appointment Mr. Troy J. Fierro, Gold Canyon's Chief Executive Officer and a member of the Company's Board of Directors, stated, "We are very pleased Richard has joined our team as it greatly strengthens our ability to communicate to shareholders and the market. Richard is an experienced executive that brings a wealth of knowledge to the organization. I've had the privilege of working with Richard in the past and I look forward to working with him again."
Gold Canyon further announces that it has, pursuant to the Company's Rolling Stock Option Plan, granted incentive stock options to its directors, officers, employees and consultants to purchase an aggregate of 2,725,000 common shares of Gold Canyon. The stock options have a term of five (5) years and are subject to vesting over an 18 month period and have an exercise price of $0.86 per share, representing the previous closing price of the Company's common shares as reported on the TSX Venture Exchange.
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 a minority interest in the 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 REE 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
Troy J. Fierro, CEO & Director
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.
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