Greenwood Gold Resources Identifies Initial Drilling Program

PALM CITY, Fla., July 5, 2011 /PRNewswire/ -- Greenwood Gold Resources Inc. (OTCBB: GGRI) (OTCQB-GGRI) is pleased to announce that preliminary planning for its initial drill program of the Summer Property has been completed.

The initial phase of the drilling program is intended to further define the limits of the West zone of the property in both strike length and at depth, and to test the exploration target (the IP anomaly) which is one kilometer long and 350 meter wide, IP chargeability high.

The drilling program will consist of 7 core holes of 200 meters each, for a total of 1400 meters of diamond drilling. The focuses of the initial drilling program are targets which have been identified in the Company's technical report of the Summer Property. Discovery Consultants have suggested that 200 m is a reasonable depth considering the IP profiles.

Drill holes will likely be angle holes (-45 to -60) which will be all drilled in same direction. This could change as the program advances, as more knowledge will be gained with each hole. The azimuth of the holes is yet to be determined - except in a general sense at right angles to the trend of the target. The drilling will take approximately 30 days depending on weather and terrain conditions.

Drill core will then be sent to a testing facility, and results should be available within a month of submittal. The drilling program is intended to further define the limits of the West zone in both strike length and at depth, and to test other exploration targets.

As stated in the Company's technical report written by Discovery Consultants, the deposit type sought on the Property is copper-gold alkalic porphyry deposits. These deposits are known worldwide and the best known are from the Mesozoic arc (Quesnel Trough) of British Columbia and the Late Ordovician Lachlan Fold Belt of New South Wales (Chamberlain et al, 2007).

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About Greenwood Gold Resources Inc.

Greenwood Gold Resources, Inc. ("GGRI") is a junior exploration company focused on exploration for gold and other valuable minerals deposits in Canada and US. The company is focused on acquiring, developing and joint venturing with other junior or major gold mining companies with properties within North America. GGRI has developed a set strategy to acquiring gold and other valuable mining properties following several key investment criteria. It will look for assets ranging from grass roots exploration to near production. GGRI will look to have a balanced portfolio of properties across this spectrum so as to maximize returns while also mitigating risk.

Behalf of the Board of Greenwood Gold Resources Inc.

Contact us:

Greenwood Gold Resources Inc.
4285 SW Martin Highway,
Palm City, FL
34990
866-788-GGRI (4474).   

[email protected]

For information please visit our website:

www.greenwoodgoldresources.com

SOURCE Greenwod Gold Resources Inc.