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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
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
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Staccato Gold Commences Drilling at Windfall Project

24/08/2009 8:08pm

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Staccato Gold Resources Ltd. (TSX VENTURE: CAT) is pleased to announce that it has commenced drilling at its Windfall project, which is part of the Company's highly prospective South Eureka property in Nevada.

A track mounted drill rig arrived at the site last week to begin the initial 2,600 metre (8,000 foot) program which will target several new zones, as well as offset last year's intercept in hole 4 (5.25 g/t Au over 23 metres). Grant Ewing, Staccato's President and CEO stated, "We are pleased to initiate testing of the extensive and prospective Windfall structural zone along strike and at depth. Staccato is well funded to aggressively advance exploration and assess the full potential of this highly prospective project."

Staccato continues to assess the large geological, geochemical, and drill hole database as it develops an optimum exploration plan for the South Eureka property. The Company believes that there is excellent potential to increase the size of the defined gold resource at the Lookout Mountain project, and to discover new gold deposits on the extensive property. Several regional target areas exist where historic production has occurred as evidenced by old workings (i.e. Windfall project), but only limited systematic exploration has been conducted. Mapping and sampling programs are also ongoing to refine existing targets and develop new targets in the region.

This press release was reviewed by Gary Edmondo, M.Sc. Geology, who is Staccato's Senior Exploration Manager, and a Qualified Person as defined by National Instrument 43-101 of the Canadian Securities Administrators.

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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