Granite Creek Gold Commences Drilling

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 11, 2011) - Granite Creek Gold Ltd. (TSX VENTURE:GCX) (the "Company") is pleased to announce that a Diamond Drill has been moved to the copper-gold-molybdenum Taseko property, located 225 kilometres north of Vancouver, BC, and drilling has commenced.

Drill Program

The program is planned for up to 1800 metres at 6 drill sites. The areas selected for drill testing include the Buzzer, Buzzer West and East Zones.

In the Buzzer Zone, drilling will target an area of historic drilling where shallow holes (61 to 150 metres in length) ended in copper mineralization. Drill holes in the area will be testing not only for copper but also molybdenum and gold. The Buzzer West Zone is an area of soil samples highly anomalous in copper that has never been drilled. Drilling will be testing for copper, molybdenum and gold. Both of the above zones are being drilled to get a better understanding of the bulk tonnage potential of the property.

The East Zone is being targeted in an attempt to find higher-grade copper-gold mineralization similar to that in the adjacent Empress Deposit. Drill holes in this zone will offset historic drill holes with known mineralization.

The drill program is under the supervision of Dr. Mathias Westphal P.Geo, the qualified person as defined by National Instrument 43-101.

About Granite Creek Gold

Granite Creek Gold is a Vancouver BC based exploration company focused on developing its 2781 ha copper-gold-molybdenum "Taseko" Property. The Company has an option to acquire a 70% interest in the property which hosts a non- NI 43-101 compliant historical resource. The project lies within 25km of Taseko Mines' advanced stage copper-gold Prosperity project.

Dr. Mathias Westphal P.Geo a Qualified Person as defined in National Instrument 43-101 has reviewed the technical information in this news release.

For further information, please visit the Company's website at www.granitecreekgold.com.

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements relating to the expected listing of shares, Exchange approvals, the use of proceeds, exploration programs, and other future plans, objectives or expectations of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include the Company's ability to obtain Exchange approval and to complete its exploration programs on schedule and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.