Release Date     Title

Gold Port Completes First Step Out Hole At Groete Creek

December 13, 2011Print PDF

Vancouver, British Columbia – Gold Port Resources Ltd. (TSX-V: GPO) (The “Company”) is pleased to report the completion of the first step-out drill hole at the Groete Creek Gold Project in Guyana. The intent of the step-out is to potentially confirm the continuation of gold and copper mineralization in an eastern direction at the project.

The Groete Creek Gold Project was drilled by CAMDICO and Western Premium Resources in 1994, with 9 holes completed. In 1996, the project was further drilled by Caribbean Basic Industries ( CBI ), a subsidiary of Coeur d’Alene Mines. With the combined drill programs, a grid comprised of 17 holes running east to west and covering approximately 1,200 meters of strike was completed. At the conclusion of the CBI program, Coeur d’Alene using a simple polygonal method in drilling by cross section, identified a historic gold-copper resource comprising approximately 94 million tonnes grading approximately 0.6 grams per tonne gold and 0.11% total copper. (CAUTION: The historical estimate presented above is relevant to the further exploration of the project which, the Company is currently undertaking with a drill program. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves; and the Issuer is not treating the historical estimate as current mineral resources or mineral reserves; therefore they should not be relied upon.)

The term ” drill indicated geologic resource” is a historical term used by CBI, not comparable to the CIM defined inferred resource, and should be compared to a potential mineral deposit requiring further exploration drilling to define an initial resource. There is no recent drill information on the Groete Creek project, and further drilling will be required to upgrade and verify the historical estimate as a current mineral resource, and there is no certainty that this can be accomplished. There is no current data available for the project, but drill results are anticipated in the near future.

Gold Port Resources Ltd has recently completed four holes which are twins of holes 96-13, 94.-5, 96-15 and 94-7 from the CBI program. Hole 2011-01, is a step-out to the eastern most hole completed by CBI, and is located approximately 250 meters east of historical hole 94-07. On site geological reports indicate the hole is drilled into a volcanic sequence similar to that encountered in the historical drilling. Hole 2011-02 is now underway and is located 150 meters east of historical hole 94-7.

A second Acker drill rig has now been cleared from customs and is scheduled to be moved to the project. A Geoprobe program is also underway, to provide a deep soil evaluation of adjacent ground for additional drill targets. Assay results from ACME laboratories are anticipated in the immediate future.

Mr. Paul Pelke, a Qualified Person under NI 43-101, and a consulting geologist to the Company has reviewed the content of this press release.

On Behalf of the Board of Directors of Gold Port Resources Ltd.

Adrian F.C. Hobkirk,
President and Chief Executive Officer – adrianh@resourceexploration.com

For further information, contact Adrian Hobkirk at 714-316-3272, toll free at 855-894-4525 or email: adrianh@resourceexploration.com  or Allan Feldman of AJF Consultants 604-948-9663 or email: ajfconsultants@aol.com.

The TSX Venture Exchange has not reviewed the content of this News Release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this News Release. This news release contains certain “ forward- looking statements ” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this News Release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this News Release. We seek safe harbour.

Print PDF

Gold Port- Four Twin Drill Holes Completed At Groete Creek

December 2, 2011Print PDF

 Vancouver, British Columbia – Gold Port Resources Ltd. (TSX-V: GPO) (The “Company”) is pleased to report the completion of four twin drill holes at the Groete Creek Gold Project in Guyana. The intent of the program is to confirm prior drill results completed by Coeur d’Alene Mines and to facilitate the completion of a NI 43-101 compliant resource estimate. In 1995, Coeur d’Alene Mines began to explore the originally identified mineralized Groete Creek area. The program included a re-evaluation and interpretation of all available data, mapping and sampling of the project area, as well as further drilling. At the conclusion of the field program, Coeur d’Alene using a simple polygonal method in drilling by cross section, identified a historic gold-copper resource comprising approximately 94 million tonnes grading approximately 0.6 grams per tonne gold and 0.11% total copper. CAUTION: The historical estimate presented above is relevant to the further exploration of the project which, the Company is currently undertaking with a drill program. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves; and the Issuer is not treating the historical estimate as current mineral resources or mineral reserves; therefore they should not be relied upon. The term ” drill indicated geologic resource” is a historical term used by CBI, not comparable to the CIM defined inferred resource, and should be compared to a potential mineral deposit requiring further exploration drilling to define an initial resource. There is no recent drill information on the Groete Creek project, and further drilling will be required to upgrade and verify the historical estimate as a current mineral resource, and there is no certainty that this can be accomplished. There is no current data available for the project, but drill results are anticipated in the near future.

Hole TW11-013 was located as a twin to historical drill hole C96-13, and is located at the western edge of the known mineralized zone. Hole TW11-012 was located as a twin to historical drill hole C96-12 and was located approximately 200 meters east of TW11-013. Hole TW11-03 was located approximately 600 meters north east of TW11-013 and was drilled as a twin to historical hole C94-03. Hole TW11-015 was drilled approximately 1,000 meters east of TW11-013 and is a twin to historical drill hole C96-15. Drilling was supervised by Mr. Brian Sucre, a director of the Company. Samples were cut and logged on site, as specified by P and E Mining Consultants Inc. ( Brampton , Ontario Canada ) under the Quality Assurance and Quality Control requirements of NI 43-101. After bagging, and under security, the samples were taken to ACME Laboratories of

Georgetown , Guyana, for preparation work. Assay work is being completed by ACME Laboratories of Vancouver, B.C. Canada. Drilling is ongoing at the project, and a second drill rig is expected to be in service in December.

Gold Port has replicated as closely as possible the original drill locations for the potential re-calculation of the historical gold zone to NI 43-101 standards. Further details are located at the Company website – www.resourceexploration.com. Exploration work is ongoing at the project. Survey lines are being cut across the adjacent Georgetown West project area in advanced preparation for a Geoprobe soil sampling program.

Groete Creek West Contract Update
The Company announced on September 13, 2011 that it had entered into a purchase agreement to acquire 100% of the Groete Creek West Gold Project in Guyana, South America. The terms of the purchase option are $180,000 USD and 500,000 common shares over four years.

Mr. Paul Pelke, a Qualified Person under NI 43-101 and a consultant to the Company has reviewed the content of this press release.

On Behalf of the Board of Directors of Gold Port Resources Ltd.

Adrian F.C. Hobkirk, President and Chief Executive Officer  adrianh@resourceexploration.com

For further information, contact Adrian Hobkirk toll free at 855-894-4524, 714-316-3272 or email: adrianh@resourceexploration.com.

The TSX Venture Exchange has not reviewed the content of this News Release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this News Release. This news release contains certain ” forward- looking statements ” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this News Release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this News Release. We seek safe harbour

Print PDF

Gold Port: Third Tranche Completed for Total Proceeds of $120,000

September 28, 2011Print PDF

Vancouver, British Columbia – Gold Port Resources Ltd. (TSX-V: GPO) (the “Company”) announces the closing of the Third and Final Tranche of 1,000,000 units of the Non-Brokered Private Placement announced August 11, 2011 raising gross proceeds of $120,000.

Each unit was priced at $0.12 per unit and was comprised of one common share and one non-transferable share purchase warrant entitling the holder to acquire an additional common share at a price of $0.15 per share for a period of two years from the date of closing. The First Tranche was closed on September 16, 2011. The Second Tranche was closed on September 19, 2011. The Third and Final Tranche was closed on September 28, 2011. The units are subject to a hold period expiring January 29, 2012. Commissions of $6,600 and 55,000 Agents Warrants were payable to Union Securities Ltd.; $1,200 and 10,000 Agents Warrants were payable to Jennings Capital Inc. in conjunction with a portion of the private placement. All warrants issued to Agents were issued under the same terms and conditions as the units sold pursuant to the private placement.

On Behalf of the Board of Directors of Gold Port Resources Ltd.
Adrian F.C. Hobkirk, President and Chief Executive Officer – adrianh@resourceexploration.com

For further information, contact Adrian Hobkirk toll free at 855-894-4524, 714-316-3272 or email: adrianh@resourceexploration.com or Allan Feldman at AJF Consultants Ltd. at 604-948-9663 or email:  AJFConsultants@aol.com.

The TSX Venture Exchange has not reviewed the content of this News Release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this News Release. This news release contains certain “ forward- looking statements ” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this News Release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this News Release. We seek safe harbour.

Print PDF

Gold Port: Second Tranche Completed for Total Proceeds of $146,400

September 19, 2011Print PDF

Vancouver, British Columbia – Gold Port Resources Ltd. (TSX-V: GPO) (the “Company”) announces the closing of the Second Tranche of 1,220,000 units of the Non-Brokered Private Placement announced August 11, 2011 raising gross proceeds of $146,400.

Each unit was priced at $0.12 per unit and was comprised of one common share and one non-transferable share purchase warrant entitling the holder to acquire an additional common share at a price of $0.15 per share for a period of two years from the date of closing. The First Tranche was closed on September 16, 2011. The Second Tranche was closed on September 19, 2011. The units are subject to a hold period expiring January 20, 2012. No commissions were payable.

On Behalf of the Board of Directors of Gold Port Resources Ltd.

Adrian F.C. Hobkirk, President and Chief Executive Officer – adrianh@resourceexploration.com

For further information, contact Adrian Hobkirk at 714-316-3272, toll free at 855-894-4524 or email: adrianh@resourceexploration.com.

The TSX Venture Exchange has not reviewed the content of this News Release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this News Release. This news release contains certain “ forward- looking statements ” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this News Release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity,financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this News Release. We seek safe harbour.

Print PDF

Gold Port: First Tranche Completed for Total Proceeds of $896,540.04

September 16, 2011Print PDF

Vancouver, British Columbia – Gold Port Resources Ltd. (TSX-V: GPO) (the “Company”) announces the closing of the First Tranche of 7,471,167 units of the Non-Brokered Private Placement announced August 11, 2011 raising gross proceeds of $896,540.04.

Each unit was priced at $0.12 per unit and was comprised of one common share and one non-transferable share purchase warrant entitling the holder to acquire an additional common share at a price of $0.15 per share for a period of two years from the date of closing. The First Tranche was closed on September 16, 2011. The units are subject to a hold period expiring January 17, 2012. Commissions of $25,500 and 212,500 Agents Warrants were payable to Canaccord Genuity Corp.; $10,020 and 83,500 Agents Warrants were payable to Union Securities Ltd.; $600 and 5,000 Agents Warrants were payable to Mackie Research Capital Corp; $1,770 and 14,750 Agents Warrants were payable to Raymond James Ltd.; $10,260 and 85,500 Agents Warrants were payable to PI Financial Corp.; $12,000 and 100,000 Agents Warrants were payable to C&D Finanz AG in conjunction with a portion of the private placement. All warrants issued to Agents were issued under the same terms and conditions as the units sold pursuant to the private placement.

On Behalf of the Board of Directors of Gold Port Resources Ltd.
Adrian F.C. Hobkirk,   President and Chief Executive Officer – adrianh@resourceexploration.com

For further information, contact Adrian Hobkirk at 714-316-3272, toll free at 855-894-4524 or email: adrianh@resourceexploration.com.

The TSX Venture Exchange has not reviewed the content of this News Release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this News Release. This news release contains certain “ forward- looking statements ” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this News Release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this News Release. We seek safe harbour.
Print PDF

Groete Creek Area Expanded and Second Drill Rig Added

September 13, 2011Print PDF

Vancouver, British Columbia – Gold Port Resources Ltd. (TSX-V: GPO) (“The Company”) is pleased to report it has entered into a purchase agreement to acquire 100% of the Groete Creek West Gold Project in Guyana, South America. It is comprised of seven Prospecting Permits ( Medium Scale ) and totals 2,723 hectares. The Groete Creek West Gold Project is situated in Cuyuni Mining District 4. Access is by road from Manaka Landing. The project immediately adjoins the Company owned Groete Creek Gold Project to the east, where the Company is currently completing a 3,000 meter confirmation drill program.

Terms of the purchase option are $180,000 USD and 400,000 common shares over four years, and a cash payment at mine construction equal to $10.00 USD per ounce of gold identified as to Canadian Institute of Mining and Metallurgy standards for a reserve. The Groete Creek West Gold Project Purchase Agreement is subject to the approval of the TSX Venture Exchange.

The Groete Creek West Gold Project significantly expands the Company interests around the Groete Creek Gold Project. There is currently mining activity by local artisanal groups on the Groete Creek West and Georgetown West properties. Company security forces are limiting this type of activity on the Groete Creek Gold Project. Historical drilling by Coeur d’Alene Mines on the Groete Creek Gold Project identified an east west trending gold mineralized zone as outlined in prior news releases. The Company now controls a 15 kilometer east to west continuous claim group, comprising the Groete Creek West, Groete Creek ( location of historical and current drilling ), and Georgetown West Gold Projects. A Company owned Acker drill rig is completing a confirmation drill program at this location. Core is being split on site, logged and then shipped to ACME Laboratories of Guyana, for evaluation. A second Acker drill rig has been acquired by the Company and is currently in transit to the Groete Creek Gold Project. A Geoprobe drill is being moved into the project area for use on all properties.

On Behalf of the Board of Directors of Gold Port Resources Ltd.

Adrian F.C. Hobkirk, President and Chief Executive Officer – adrianh@resourceexploration.com

For further information, contact Adrian Hobkirk toll free at 855-894-4524, 714-316-3272 or email: adrianh@resourceexploration.com.

The TSX Venture Exchange has not reviewed the content of this News Release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this News Release. This news release contains certain “ forward- looking statements ” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this News Release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this News Release. We seek safe harbour.

Print PDF

Gold Port Resources: Ten Million Unit Non-Brokered Private Placement

August 11, 2011Print PDF

Vancouver, British Columbia – Gold Port Resources Ltd. (TSX-V: GPO) (“The Company”) is pleased to announce a non-brokered private placement of up to ten million units at a price of $ 0.12 per unit for total gross proceeds of up to $1,200,000. Each unit is comprised of one common share of the Company and one non-transferable common share purchase warrant. Each non-transferable common share purchase warrant allows the holder to acquire an additional common share of the Company at a price of $0.15 per share for a period of two years from the date of closing of the non-brokered private placement.

The units issued with respect to the offering will be subject to a four month hold period in accordance with applicable Canadian Securities Laws. A portion of the private placement may be subject to a finder’s fee that may be payable in cash and warrants with respect to certain private placement subscribers and in accordance with the policies of the TSX Venture Exchange. The non-brokered private placement is subject to the approval of the TSX Venture Exchange and required regulatory approvals. The finder’s fee warrants are subject to the same terms.

Proceeds will be used for continued exploration at the Groete Creek Gold Project where a 3,000 meter confirmation drill program is currently underway. Proceeds will also be used for further exploration at the Georgetown West, Tamberlin and Akaiwong Gold Projects, and for general working capital.

On Behalf of the Board of Directors of Gold Port Resources Ltd.

Adrian F.C. Hobkirk,
President and Chief Executive Officer

For further information, contact Adrian Hobkirk at 714-316-3272, email: adrianh@resourceexploration.com or Allan Feldman at AJF Consultants Ltd. at 604-948-9663, email: AJFConsultants@aol.com.

The TSX Venture Exchange has not reviewed the content of this News Release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this News Release. This news release contains certain “ forward- looking statements ” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this News Release is subject to a variety of conditions and risks which include but are not limited to regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this News Release. We seek safe harbour.

Print PDF

Gold Port Resources: First Hole Completed at Groete Creek

July 7, 2011Print PDF

Vancouver, British Columbia – Gold Port Resources Ltd.  (TSX-V: GPO) (“the Company”) is pleased to report the completion of the first drill hole at the Groete Creek Gold Project in Guyana. Hole TW11-013 was located as a twin to historical drill hole C96-13, as drilled to 206 meters depth by Coeur d’ Alene Mines in 1996. Hole TW11-013 was located with the identical angle and Azimuth as the historical hole, and drilled to 206 meters depth. Drilling was supervised by Mr. Brian Sucre, a director of the Company.  Drill production averaged 30 meters per day. Core recovery in the surface layers was difficult due to past mining activity, while core recovery in the bedrock was 100%.

The intent of the program is to confirm prior drill results completed by Coeur d’Alene Mines and to facilitate the completion of a NI 43-101 compliant resource estimate. Four historical hole locations have been situated in an attempt to replicate the results. Mr. Antoine Yassa, P. Geo. of P & E Mining Consultants Inc. of Brampton, Ontario, Canada recently completed a site visit to define Quality Assurance and Quality Control standards for the program and these are now in place.  The second twin hole of the program has now been located and is a twin to Hole C96-12. Core is being logged and stored on site.

Exploration work is ongoing at the project. Survey lines are being cut across the Groete Creek / Georgetown West project areas in advanced preparation for a Geoprobe soil sampling program.

In 1995, Coeur d’Alene Mines began to explore the originally identified mineralized Groete Creek area. The program included a re-evaluation and interpretation of all available data, mapping and sampling of the project area, as well as further drilling. At the conclusion of the field program, Coeur d’Alene using a simple polygonal method in drilling by cross section, identified a historic gold-copper resource comprising approximately 94 million tonnes grading 0.6 grams per tonne gold and 0.11% total copper. (Caution: The issuer has not done the work necessary to verify the classification, grade or quantity of the resource or reserve, the issuer is not treating them as a NI 43-101 compliant resource or reserve verified by a qualified person, and the historical estimate should not be relied upon.) Gold Port will replicate as closely as possible the original drill locations for the potential re-calculation of the historical gold zone to NI 43-101 standards. Further details are located at the Company website – www.resourceexploration.com.

Mr. Paul A. Pelke, a registered geologist in the state of California and a Qualified Person as defined by NI 43-101 has reviewed the content of this press release.

On Behalf of the Board of Directors of Gold Port Resources Ltd.

Adrian F.C. Hobkirk,

President and Chief Executive Officer – adrianh@resourceexploration.com

For further information, contact Adrian Hobkirk at 714-316-3272, toll free 855-894-4524 or email: www.adrianh@resourceexploration.com.

The TSX Venture Exchange has not reviewed the content this News Release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this News Release. This news release contains certain “forward- looking statements” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this News Release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this News Release. We seek safe harbour.

Print PDF

Gold Port: Drilling to Begin at Groete Creek Gold Project

May 4, 2011Print PDF

Vancouver, British Columbia – Gold Port Resources Ltd. (the “Company”) (TSX-V:GPO) is very pleased to announce  the initiation of drilling at the Groete Creek Gold Project, Guyana. The Company owned Acker MP 8 track mounted drill rig has been delivered to the project site and is now located on hole GC11-1. A test hole is currently being completed as part of the commissioning of the rig. The first hole is expected to begin in the immediate future. The program will involve the completion of 3,000 meters over ten holes.

The intent of the program is to confirm prior drill results completed by Coeur d’Alene Mines Corp and to facilitate the completion of a NI 43-101 compliant resource estimate. In 1995, Coeur d’Alene Mines began to explore the originally identified mineralized Groete Creek area. The program included a re-evaluation and interpretation of all available data, mapping and sampling of the project area, as well as further drilling. At the conclusion of the field program, Coeur d’Alene using a simple polygonal method in drilling by cross section, identified a gold-copper deposit comprising approximately 94 million tonnes grading 0.6 grams per tonne gold and 0.11% total copper. (Caution: The issuer has not done the work necessary to verify the classification or quantity of the resource or reserve, the issuer is not treating them as a NI 43-101 defined resource or reserve verified by a qualified person, and the historical estimate should not be relied upon.) Gold Port will replicate as closely as possible the original drill locations.

Exploration work will be conducted ahead of the drill progress to facilitate step-out targets. The area of the historical drilling comprises a strike of approximately 1,000 meters east to west. Recent surface mining has extended this zone to the eastern boundary of the property, some 2,000 meters from the original location. Geological reconnaissance is underway across this area and onto the adjacent Georgetown West Project area ( also part of the Gold Port land holding ).

P & E Mining Consultants Inc., an established internationally recognized consulting firm, has been retained for the calculation of  NI 43-101 compliant resource estimates based on exploration results by the Company. P and E  has recent experience working in Guyana. They are currently engaged by Sandspring Resources Ltd. for geological and engineering work on the Toroparu Au-Cu Project.

Over the past four months, the Company has completed a re-routing access to the Groete Creek Gold Project. Prior access was from Parika, across the Essequibo River, and then directly to the project site via a network of narrow creeks. A direct access road has been completed from the Manaka Landing area on the north side of the Essequibo River. This completely removes the water travel via a network of narrow creeks and reduces the travel time from five hours to two hours, and significantly increases the reliability of the route for supply and maintenance.

Mr. Paul A. Pelke, a registered geologist in the state of California and a Qualified Person as defined by NI 43-101 has reviewed the content of this press release.

On Behalf of the Board of Directors of Gold Port Resources Ltd.

Adrian F.C. Hobkirk,
President and Chief Executive Officer – adrianh@resourceexploration.com

For further information, contact Adrian Hobkirk at 714-316-3272 or adrianh@resourceexploration.com or Allan Feldman at AJF Consultants Ltd. at 604-948-9663 or email: AJFConsultants@aol.com.

The TSX Venture Exchange has not reviewed the content of this News Release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this News Release. This news release contains certain “ forward- looking statements ” within the meaning of Section 21E of the United States Securities and Exchange Act of 1934, as amended. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward- looking statements. Forward-looking statements are based upon opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which could cause actual results to differ materially from those projected in the forward looking statements. The reader is cautioned not to place undue reliance on forward-looking statements. The transaction described in this News Release is subject to a variety of conditions and risks which include but are not limited to: regulatory approval, shareholder approval, market conditions, legal due diligence for claim validity, financing, political risk, security risks at the property locations and other risks. As such, the reader is cautioned that there can be no guarantee that this transaction will complete as described in this News Release. We seek safe harbour.

Print PDF


Gold Port – Options Granted to Directors, Officers and Consultants

April 5, 2011 Print PDF

Vancouver, British Columbia – Gold Port Resources Ltd. (TSX-V: GPO) (“The Company”) is pleased to announce the granting of options to directors, officers and consultants entitling them to purchase up to 872,567 shares at a price of $0.17 per share for a period of five years, in accordance with the Company’s stock option plan.

On Behalf of the Board of Directors of Gold Port Resources Ltd.
Adrian F.C. Hobkirk,
President and Chief Executive Officer
adrianh@resourceexploration.com

For further information, contact Adrian Hobkirk at 714-316-3272 or email:
adrianh@resourceexploration.com or Allan Feldman at AJF Consultants Ltd. at 604-948-
9663 or email: AJFConsultants@aol.com.

The TSX Venture Exchange has not reviewed the content of this News Release and therefore does not accept responsibility or liability for the adequacy or accuracy of the contents of this News Release.

NOT FOR DISSEMINATION IN THE UNITED STATES

Print PDF