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CAT Chimata Gold Corp (delisted)

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Share Name Share Symbol Market Type
Chimata Gold Corp (delisted) TSXV:CAT TSX Venture Common Stock
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Staccato Gold Calls Requisitioned Special Meeting for May 25, 2010

10/02/2010 4:50pm

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Chimata Gold Corp. (TSXV:CAT)
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Staccato Gold Resources Ltd. ("Staccato") (TSX VENTURE: CAT) announces that it has scheduled a special meeting of shareholders in response to a requisition by shareholders Augen Capital Corp. and Aumerco Limited (together, the "Dissidents"), as noted in Staccato's news releases of January 25, 2010 and February 3, 2010.

The meeting is scheduled to take place on May 25, 2010 at 3pm PDT. It will be held at the offices of Stikeman Elliott LLP at Suite 1700 - 666 Burrard Street, Vancouver, British Columbia.

The record date for determining shareholders entitled to notice of the meeting and to vote at the meeting is set as April 16, 2010.

Further details, including the text of the requisition, will be contained in a Management Information Circular that will be mailed to shareholders in accordance with National Instrument 54-101-Communication with Beneficial Owners of Securities of a Reporting Issuer.

Staccato's board is fully committed to responsible corporate governance, fulfilling its fiduciary duties and acting in the best interests of all of Staccato's shareholders, including ensuring that management remains focused on creating value for shareholders.

As indicated in Staccato's news release dated February 3, 2010, Staccato is actively involved in evaluating strategic opportunities available to it and has engaged Paradigm Capital Inc. to assist Staccato in this process. Staccato has also retained Stikeman Elliott LLP as a legal advisor, and Kingsdale Shareholder Services Inc. has been retained to provide proxy solicitation and advisory services.

On behalf of the Board of Directors

STACCATO GOLD RESOURCES LTD.

Grant Ewing, President & CEO, Director

About Staccato Gold Resources Ltd.: Staccato Gold is a well funded junior gold exploration company with resources and advanced stage exploration assets located exclusively in Nevada. The Company has assembled a portfolio of prospective gold prospects in the dominant gold trends in Nevada.

Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, are forward-looking information within the meaning of Canadian securities laws. Forward-looking information is based on numerous assumptions, including that equipment and personnel will be available when required, that no delays are experienced in the planned work programs, that technical issues identified in the previous resource estimate for the Lookout Mountain project can be addressed and within the time frame anticipated, and that all necessary approvals for the planned programs will be obtained in a timely manner, and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development such as, but not limited to, risk of delay in obtaining permits and approvals, the risk that actual results of exploration activities will be different than anticipated, risk of failure of equipment, accident, labor disputes and other risks associated with mineral exploration activities. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to not be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Readers are cautioned not to place undue reliance on forward-looking information due to the inherent uncertainty thereof.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Contacts: Staccato Gold Resources Ltd. Gareth Thomas 604-682-8789 www.staccatogold.com

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