Japan’s Jipangu Inc. Invests in Gold Canyon Resources

Vancouver-based Gold Canyon Resources Inc. announced a strategic investment in the company by Jipangu Inc. of Japan. In consideration of a payment by Jipangu to Gold Canyon in the amount of C$400,000, Gold Canyon has agreed to issue 2,500,000 common shares and to grant Jipangu certain rights of first refusal with respect to any sale, grant or other disposition of Gold Canyon’s interest in the Springpole Gold property or any future financing of the company for one year. Net proceeds of the transaction will be used for additional work on Gold Canyon’s Springpole Gold Project in Ontario.