Gold Canyon Closes $995,200 Non-Brokered Private Placement

Gold Canyon Resources Inc. (TSX VENTURE:GCU) (PINKSHEETS:GDCRF) ("Gold Canyon"
or "the Company") is pleased to announce that it has now closed the private
placement of 3,576,957 common share units (the "Units") described in its August
13, 2013 news release together with an additional 750,000 Units pursuant to
subscriptions received subsequent to that news release. Units were priced at
$0.23 per Unit, for gross proceeds to the Company of $995,200. Each Unit is
comprised of one common share in the capital of the Company and one
non-transferable share purchase warrant of the Company exercisable at any time
up to 4:30 p.m. (Vancouver time) on August 19, 2015 for one common share at a
price of $0.40 per share. The proceeds of the private placement will be used for
additional work on Gold Canyon's Springpole Gold Project and general corporate
purposes. 


A related party to the Company, as that term is defined in Multilateral
Instrument 61-101 - Protection of Minority Security Holders in Special
Transactions ("MI 61-101"), has subscribed for an aggregate of 750,000 Units of
the private placement, constituting a related party transaction pursuant to TSX
Venture Exchange Policy 5.9 and MI 61-101. The Company has relied on Section
5.5(a) of MI 61-101 for an exemption from the formal valuation requirement and
Section 5.7(1)(a) of MI 61-101 for an exemption from the minority shareholder
approval requirement of MI 61-101 as the fair market value of the transaction
did not exceed 25% of the Company's market capitalization. 


All securities to be issued will be subject to a hold period, which will expire
on December 20, 2013 in accordance with the rules and policies of the TSX
Venture Exchange and applicable Canadian securities laws and such other further
restrictions as may apply under foreign securities laws. 


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.  


Gold Canyon entered into a Rare Earth Element (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. 

Akiko Levinson, President & Director 

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, risks relating to fluctuations in the price of gold; the
inherently hazardous nature of mining-related activities; uncertainties
concerning resource estimates; results of exploration, availability of capital
and financing on acceptable terms, inability to obtain required regulatory
approvals, unanticipated difficulties or costs in any rehabilitation which may
be necessary, market conditions and general business, economic, competitive,
political and social conditions; together with other risks and uncertainties
disclosed in the section entitled "Risk Factors" in Gold Canyon's Annual
Information Form dated May 15, 2013 and other information filed with the
applicable Canadian securities commissions by or on behalf of Gold Canyon. . 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Gold Canyon Resources Inc.
[phone] or Toll free: 1 [phone]
[phone] (FAX)
[e-mail]
www.goldcanyon.ca