Release Date     Title

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.

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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.

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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.

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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

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Gold Port Engages Investor Relations Consultant

March 4, 2011 Print PDF

Vancouver, British Columbia, Canada – Gold Port Resources Ltd. (TSX-V: GPO) (the “Company”) is pleased to announce that it has retained the Los Angeles-based firm of Incorporated Communications Services (“ICS”) to conduct media awareness and investor relations services on behalf of the Company. Headed by Mr. Gary Pollack, ICS is a long-term institutional and media investor relations specialist, with a focus on introducing Canadian resource companies of merit to broader institutional and retail investor audiences.

ICS will provide financial relations, media relations and market development consulting services to the Company. ICS will not provide market making services. ICS currently has no direct or indirect interest in securities of the Company, or any right or intent to acquire such an interest. George Duggan, a principal of ICS, will primarily provide the investor relations services to the Company. Mr. Duggan holds a stock option granting him the right to purchase up to 300,000 shares of the Company at a price of $0.12 per share, exercisable on or before March 29, 2011. Mr. Duggan holds no other direct or indirect interest in any other securities of the Company.

The Company has agreed to pay ICS a monthly fee of US$6,000 for a 12-month term that may be renewed on mutually agreeable terms thereafter. The Company has the option of cancelling the agreement after the first six months of services. ICS’ appointment as an investor relation consultant of the Company is subject to regulatory acceptance of applicable filings with the TSX Venture Exchange.

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.

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Gold Port Resources Engages P&E Mining Consultants Inc. to Prepare NI-43-101 Resource Estimate on the Groete Creek Gold Project in Guyana, S. America

March 1, 2011 Print PDF

Vancouver, British Columbia, Canada – Gold Port Resources Ltd. (TSX-V: GPO) (the “Company”) is pleased to announce that it has retained P&E Mining Consultants Inc. of Brampton Ontario, Canada to complete a National Instrument 43-101 Resource Estimate and Technical Report on the Groete Creek Gold Project, Guyana. The technical report for the property will fully conform to the “CIM Standards on Mineral Resources and Reserves – Definitions and Guidelines” as referred to in National Instrument ( NI ) 43-101 and from 43-101F, – Standards of Disclosure for Mineral Projects in effect as at the date of the Technical Report.

P & E Mining Consultants Inc., an established internationally recognized consulting firm, has extensive experience in the calculation of NI 43-101 compliant resource estimates and also 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.

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.)

The Company intends to complete a 6,000 meter Phase One drill program as outlined in the NI-43-101 Technical Report completed in 2010. A recent site visit by Company personnel and the original Project Geologist from the Coeur d’Alene program has identified a key historic drill collar. This will greatly aid in the drill program being planned by the Company. The Company owns an Acker M 8 core rig and has the funding necessary to complete the confirmation drill program. Concurrent with this program will be a detailed area evaluation, which will include a sampling program of both the Groete Creek and contiguous Georgetown West project areas using the Geoprobe soil sampling system and other exploration methods.

Based upon the historical data, sampling by the Company and recent significant mining activity, management believes the Groete Creek/Georgetown West projects offer the opportunity to confirm and expand a significant gold mineralized deposit.

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.

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Gold Port: Tamberlin Acquisition Closes

Feburuary 14, 2011 Print PDF

Vancouver, British Columbia – Gold Port Resources Ltd. (TSX-V: GPO) (“The Company”) is pleased to announce that the TSX Venture Exchange has accepted for filing as an Expedited Transaction, the Company’s Option to Purchase a 100% interest in the Tamberlin Gold Project owned by the Chan Group (” the vendor”), and located in Guyana, South America. The project is situated approximately 250 kilometers west of Georgetown, the capital of Guyana, and near the confluence of the Cuyuni and Wenamu Rivers. It is located within the Guiana Shield, and more specifically, the Mazaruni Greenstone Belt. The project is accessed by water from the Eteringbang Airport, and has a full camp facility in place.

Terms of the Option to Purchase include a U.S. $75,000 payment to the vendor for the first year, and further payments over a four year period totaling U.S. $900,000. Share consideration includes a one time issue to the vendor of one million common shares. The vendor will maintain a 3% Net Smelter Royalty which can be purchased in whole or part for U.S. $1.6 million per percentage point.

Recent work by the Company has included: Metallic screen fire assay analysis by Loring Labs in Georgetown, Guyana of 27 samples Camp Area panel samples returned 50.78 and 38.33 grams gold per tonne over approximately 0.7 meter. Dump samples returned 442.42 and 1,024.33 grams gold per tonne indicating the presence of bonanza grade gold. Little Tamberlin Area sampling returned a measured width of 0.3 m. grading 3.62 grams gold per tonne in one trench and a measured width of 0.6 m. grading 4.50 grams gold per tonne in a second trench. Multiples veins trending NW and N-S were sampled

The next phase of exploration at the Tamberlin Gold Project will include project wide reconnaissance and a trenching program of areas of interest. The intent will be to identify other vein structures in the area and better determine the best target zones.

As the acquisition has been accepted as an Expedited Transaction, and the Company has significant working capital, the part and parcel financing previously announced will not proceed.

Mr. Paul Pelke, California Registered Geologist No. 4150, a Qualified Person under NI 43-101 has reviewed the contents 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

For further information, contact Adrian Hobkirk at 714-316-3272, 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.

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Gold Port – Options Granted to Directors, Officers and Consultants

January 11, 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 5,606,642 shares at a price of $0.20 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

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.

NOT FOR DISSEMINATION IN THE UNITED STATES

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Gold Port: Shareholders Elect Management’s Nominees to the Board of Directors

December 30, 2010 Print PDF

Vancouver, British Columbia – Gold Port Resources Ltd. (TSX-V: GPO) (“The Company”) announced today that at the Company’s Annual General Meeting held on December 29, 2010, all of Management’s nominees, being Adrian Hobkirk, Allen Ambrose, Darryl Drummond, Brian Sucre and Ken A. Sadowski, were elected as directors of the Company for the ensuing year.

Shareholder approval was received for all resolutions including a resolution to appoint Smythe Ratcliffe LLP as Auditors of the Corporation and a resolution to approve the rolling stock option plan.

The Board and Management wish to thank all Shareholders for their support and involvement.

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.

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Gold Port: High Grade Gold at Tamberlin Project Guyana

December 6, 2010Print PDF

SUMMARY

Due Diligence / Sampling Program completed by Vice President of Exploration and Qualified Person William Feyerabend

• Metallic screen fire assay analysis by Loring Labs in Georgetown, Guyana of 27 samples
• CampAreapanel samples return 50.78 and 38.33 grams gold per tonne over approximately 0.7 meter.
• Dump samples return 442.42 and 1,024.33 grams gold per tonne indicting the presence of bonanza grade gold.
• Little Tamberlin Area sampling returns a measured width of 0.3 m. grading 3.62 grams gold per tonne in one trench and a measured width of 0.6 m. grading 4.50 grams gold per tonne in a second trench.
• Multiples veins trending NW and N-S were sampled.
• The company has advised the owner it intends to complete the acquisition, and is preparing a National Instrument 43-101 Technical Report on the property.

Vancouver, British Columbia– Gold Port Resources Ltd. (TSX-V: GPO) (“The Company”)   is pleased  to announce exploration results from a due diligence / sampling program at the Tamberlin Gold Project, Guyana. The property covers approximately 6,200 acres ( 2,510 hectares ) and is located in Western Guyana, near the border with Venezuela. It is situated within greenstone belts of the Barama – Mazaruni Supergroup of the Guiana Shield. This geologic province hosts the Las Cristinas and Brisas Gold Deposits in the Kilometer 88 district of Venezuela with reported district measured and indicated resources of over 35 million ounces of gold.

A total of 27 samples were collected from two areas of mining activity, the Little Tamberlin Creek and the Camp Area.  Both areas have multiple veins.  Significant gold values have been encountered in many of the samples taken during this due diligence program.  All samples were collected by or under the supervision of William Feyerabend, a Qualified Person under NI 43-101 and the Vice President of Exploration for the Company. Mr. Kenneth A. Sadowski, Corporate Secretary and Director of the Company was also on site during the five day exploration program.  All samples were bagged and tagged and flown by air to the Company headquarters in Georgetown, where they were taken to Loring Laboratories for analysis.  Analysis was by metallic screen fire assay with a 1,000 gm. sample screened to +/-140 mesh and each fraction analyzed by fire assay with gravimetric finish. The samples remained secure at all times. Sample results are tabled below.

Duplicate samples were taken from both the 22 m. and 12 m. levels of the Gato Shaft in the Camp Area to test vertical continuity. Samples numbered 886456 and 886457 were 0.7 meter panel samples obtained from the 22 meter level. Sample 886456 returned 50.78 grams per tonne gold, and sample 886457 returned 38.33 grams per tonne gold, indicating mining activity is focused on high grade locations. Two 0.3 meter panel samples were taken from the 12 meter level of the Gato Shaft. Sample 886458 returned 14.52 grams per tonne gold and sample 886459 returned 7.93 grams per tonne gold. These samples show vertical continuity of mineralization at the Gato Shaft.

Elsewhere in the Camp Area, there are other shallow historic shafts.  Sample number 886464 was obtained from one dump and returned 6.64 grams per tonne gold.  There is a line of collapsed shafts on what is locally known as the Shaft Structure. Dumps located along this structure were sampled for mineralization. Sample 886474, obtained from the No. 17 shaft dump, was a silicified, quartz veined and brecciated meta-andesite with traces of pyrite and arsenopyrite and assayed 442.42 grams per tonne gold.  Sample 886475 from the No. 23 shaft dump was a meta-andesite with traces of pyrite and arsenopyrite and assayed 1,024.33 grams per tonne gold. The two very high grade samples from two separate dumps on the Shaft Structure confirm the presence of high grade gold mineralization. All of these results are interpreted to show multiple targets in the Camp Area with the potential for high gold assays.

In the Little Tamberlin Creek Area, quartz veining has been exposed by two trenches about 30 feet apart. All four channel samples from those trenches assayed over 1.00 grams per tonne Au. The high was sample 886467 which assayed 4.50 grams per tonne Au over a sample length of 0.6 meters.   

Three quartz float samples from other parts of that area returned geochemically anomalous gold. The area contains widespread evidence of ravine placering. The Tamberlin Gold Project offers the Company an exciting exploration opportunity. Multiple gold bearing veins have been identified on this first pass, and much of the project area remains largely unexplored. A camp facility is in place, and equipment is being mobilized for transport to the project. Further sampling will be conducted in the immediate future to identify and define drill targets.  

The Company has advised the owner that it intends to complete the acquisition of the Tamberlin Gold Project.  The Company is filing the transaction as a Fundament Acquisition as per Policy 5.3 of the TSX Venture Exchange. Closing will be subject to the completion of an acceptable NI 43-101 Technical Report which is now under preparation, a title opinion, demonstration of value and all regulatory approval.

Private Placement Financing

The Company is pleased to announce a non-brokered private placement financing of up to 2,000,000 units at a price of $0.18 per unit, for total gross proceeds of up to $360,000.00.  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 purchase an additional common share of the Company at a price of $ 0.35 per share for a period of two years from the date of the closing of the private placement. A portion of the private placement will be subject to a finder’s fee of 10% cash and 10% warrants in accordance with the policies of the TSX Venture Exchange. The finder’s fee warrants are subject to the same terms. Closing of the private placement is subject to the completion of the acquisition of the Tamberlin  Gold Project, and the approval of the TSX Venture Exchange. Proceeds will be used exclusively for evaluation of the Tamberlin Gold Project. The contents of this press release were reviewed by William C. Feyerabend, Jr., AIPG Certified Professional Geologist #11047,  a Qualified Person as defined in National Policy 43-101. 

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.

Gold Port Resources Ltd 8708 French Street, Suite 206, Vancouver B.C. Canada V6P 4W7

Administration: Phone: 604-218-2716 Fax 604-569-2716

Exploration Office 119 North Commercial Street , Suite 185 Bellingham Washington U.S.A.98225   
Phone 360-382-3926 Fax 360-733-3941

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.

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