Granite Creek Copper Ltd. announced results from an Induced Polarization ("IP") survey conducted on the Company's 100%-owned Carmacks copper-gold-silver project ("Carmacks" or the "Deposit") in the Minto Copper District of central Yukon, Canada. The large, highly prospective, potential resource expansion targets identified adjacent to or near the proposed open pits warrant follow-up exploration in upcoming campaigns. The first survey line (Line 1100S) was conducted over Zone 147 to investigate the correlation between known copper sulphide mineralization and the chargeability response from the Simcoe Geophysics deep-penetrating IP survey.

Subsequent survey lines were conducted over near-deposit target areas. The results of the survey were enhanced by Resistivity Scaled Chargeability ("RSC"). RSC is a ratio of chargeability to resistivity (electrical properties measured by the IP survey) with the applied ratio determined by comparing various ratios to known mineralized bodies.

The well-defined Zone 147 was used as a model to determine the RSC ratio that best fit the known mineralization. Line 1100S, surveyed over defined sulfide copper mineralization in Zone 147, established a model for the RSC response and identified a new zone 920 meters to the west. This new zone, named the Sourtoe Zone, extends 200m south to Line 1300S.

This zone has been investigated with soil samples and trenching, exposing visually mineralized material close to surface (results pending). The soils and trenching were designed to evaluate the geochemical and geological signatures of this near-surface IP response and their similarities to known mineralized zones. Line 1500S, designed to test the gap area between zones 2000 and 147 (the "Gap Zone"), was successful in identifying a significant anomaly that is offset to the west from both zones.

3D modeling of historic drilling shows that this target has not been drill tested and could represent a southern extension of the 147 zone. The Gap Zone Target is a top candidate for additional near-deposit exploration. Additionally, a new, deeper target area that appears on this line and extends to line 1700S has been identified as the 58 Target.

Line 1700S, located 200m south of Line 1500S, shows the probable Gap Zone Target continuing southwards towards Zone 2000 as well as the newly identified 58 Target. Additionally, a shallow anomaly east of the proposed pit is identified as a possible continuation of Zone 4 proximal to the 147 pit. Line 3300S, the southern most line completed in this survey highlights the potentiality of the area underneath the proposed 1213 pit.

Additionally, an anomaly on the western portion of the line has been identified as 1213 west target for further follow up. With the current pit design bottoming out at 180 meters there remains significant room to grow the resource in this area. Additional lines on 200m spacing over the 1213 area are planned for subsequent geophysical campaigns to further define the zone.