Greenwood Gold Resources Releases Updated Technical Report

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Jun 28, 2011, 07:00 ET

PALM CITY, Fla., June 28, 2011 /PRNewswire/ -- Greenwood Gold Resources Ltd. (OTCBB: GGRI) and (OTCQB-GGRI) announces an updated technical report on the Summer Property.

The goals of the Technical Report were to confirm the existence of copper-gold porphyry mineralization on the Property, to summarize the accumulated geological knowledge and to recommend further exploration if warranted. The current report met its original objectives.

This Property offers potential for copper-gold alkalic porphyry mineralization; much of the property remains poorly explored to date. AA drill program is recommended to evaluate the geophysical induced polarization anomaly and to determine the extent and grade of mineralization.

To view a full copy of the technical report please visit: www.greenwoodgoldresources.com.

About the Summer property:

The 955 hectares Summer property is approximately 20 kilometres east of Lac La Hache, in the Cariboo region of south central British Columbia. The property area is within a portion of the Quesnel Trough, an Upper Triassic to Jurassic volcanic arc sequence. The geology, alteration and mineralization on the Summer property suggest it is underlain by a porphyry related copper-gold system with potential to develop a porphyry copper-gold or skarn deposit. An area of copper mineralization on the Summer property is associated with a Late Triassic monzodiorite-diorite stock. This intrusion has many similar characteristics to Cu-Au+Ag alkalic porphyry systems within the Quesnel Trough.

The southern Quesnellia (Quesnel Trough) hosts significant mines and deposits including, from south to north, Copper Mountain, Afton, Abacus and Mount Polley.

Safe Harbor Act Notice:

Statements contained herein that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, the company's ability to obtain additional financing and the demand for the company's products. Any investment in the company would be extremely speculative and involve a high degree of risk and should not be pursued unless the investor could afford to lose their entire investment. Before investing, please review this filing, all past public filings with the SEC, all current Pinksheets.com filings and consult a registered broker dealer or contact the financial industry regulatory authority ("FINRA") for more information regarding locating a qualified party to assist in making an investment decision. The company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the company's success are more fully disclosed in the company's most recent public filings with the U.S. Securities and Exchange Commission. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

About Greenwod Gold Resources Ltd. …

Greenwood Gold Resources, Inc. ("GGRI") is a Company 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 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 ltd

[email protected]

For information please visit our website:

www.greenwoodgoldresources.com

SOURCE Greenwood Gold Resources, Inc.