Business Editors

VANCOUVER, British Columbia ----Gold
Canyon Resources Inc.goldcanyon.
Fellows are nominated and elected to the Academy by current
members.

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Edelsbrunner's research, Raindrop Geomagic has become the worldwide
leader in automated solutions for creating production-quality 3D
digital models of any shape from physical objects or existing digital
data.

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About Raindrop Geomagic

Raindrop Geomagic (www., and has wholly owned subsidiaries in Europe and Asia.

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The following
constitutes consolidated selected financial data for the Company for
the periods indicated:

----------------------------------------- ---------------------
--------------------------------------------------------------
Year Ended Year Ended Year Ended
November 30, November 30, November 30,
2004 2003 2002
------------- -------------------------------------------------

Total revenues $ 17,477 $ 160 $ 788
Net loss before
extraordinary items (1,214,964) (19,572) (266 ,656)
Net income (loss) (1,214,964) (245,602) (316,659)
Basic and diluted
earnings (loss) per share (0. This year's Fellows include Nobel Prize-winning physicist
Eric Cornell, Supreme Court Chief Justice William Rehnquist, sculptor
and painter Jeff Koons, Academy Award-winning actor and director
Sidney Poitier, journalist Tom Brokaw, Google co-founders Sergey Brin
and Larry Page, and dramatist Horton Foote.

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Additional information can be found on the Company's
website: www .C. Edelsbrunner
gained international acclaim for his research in algorithms, geometry
and topology . Benefiting from Dr.com) is based in Research Triangle
Park, N.

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Gold Canyon Issues Annual Financial Statements

The
company's technology is used in applications such as digital
dentistry, historic preservation of the Statue of Liberty, redesign of
a retro Harley-Davidson gas tank, and quality inspection to ensure
that circuit breakers will last 400 years.

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(TSX VENTURE:GCU) ( "Gold Canyon" or "the
Company") has issued its audited financial statements for the
financial year ending November 30, 2004. The financial statements and
auditors report, together with management 's discussion and analysis
thereof, are available on the Internet on the Canadian System for
Electronic Document Analysis and Retrieval (SEDAR) at www.

Raindrop Geomagic Co-Founder Edelsbrunner Elected to American Academy of Arts + Sciences

His mathematical theory for restructuring any
shape or surface from an unorganized set of 3D data points forms the
theoretical underpinnings of the company's signature software
products, Geomagic Studio and Geomagic Qualify.

Sprouts is a topological pencil -and-paper game invented in 1967 by mathematician John Horton Conway (who also designed the computer game 'Life') and Michael S.

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ca

The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
"It is an honor to be elected by the Academy," says Edelsbrunner .
"I look forward to the induction ceremony and meeting all the
distinguished members."
An accomplished mathematician and scientist, Dr.

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Edelsbrunner co-founded Raindrop Geomagic with CEO and
president Ping Fu in 1996 and still serves as the company's chief
technical consultant.C.

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----Dr.

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A. More than 3,000 users
worldwide turn to Raindrop Geomagic to provide the technology for
customizing products , automating processes, and increasing throughput.

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Waterman Award, and has received
numerous government and industrial grants to further his work.

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S. Edelsbrunner was selected for his
outstanding contributions to his discipline and society at large.

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Dr.

Paterson, both of the University of Cambridge in the United Kingdom.

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During
the 2004 fiscal year, net loss was considerably higher when compared
to the previous years because the Company had a large non-cash
stock-based compensation charge to earnings. He is the only computer scientist to be awarded the
National Science Foundation's Alan T.

The game of Sprouts and its joke variant Brussels Sprouts are described in Martin Gardner's book Mathematical Carnival.

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Business Editors/High-Tech Editors

RESEARCH TRIANGLE PARK, N. Dr.geomagic.

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Dr.

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He
will be inducted on October 8 in an annual ceremony at the Academy 's
headquarters in Cambridge, Mass.

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02)
Total assets 10,172,272 7,056,037 6,827 ,398
Total long-term
liabilities - - -
Cash dividends - - -
------------------------------------------------ --------------
--------------------------------------------------------------

The Company earns interest revenue from cash held in banks.
Herbert Edelsbrunner, co-founder and board member of Raindrop Geomagic
and a professor of computer science and mathematics at Duke
University, has been elected to the American Academy of Arts +
Sciences' 2005 class of Fellows.

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sedar.

Gold Canyon is engaged in the acquisition and exploration of
mineral and precious metals properties and currently owns and operates
the Springpole Gold Project in the Red Lake Mining District of
Ontario, Canada and its Cordero Gallium Project in Humboldt County,
Nevada, U.

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The following table provides a brief summary of the Company's
financial operations and has been derived from the consolidated
financial statements of the Company referred to above and should be
read in conjunction with those statements and the notes to them, and
with management's discussion and analysis thereof.
Edelsbrunner is the author of more than 150 research papers and has
two books to his credit.