GOZ Gold-Ore Resources Ltd

Gold-Ore Resources Ltd. ("Gold Ore" or the "Company") (TSX VENTURE:GOZ)
announces that it has released its financial results for the year ended November
30, 2008. The Company's audited consolidated financial statements and
management's discussion and analysis for the year ended November 30, 2008 are
available at www.sedar.com or on the Company's website at
www.goldoreresources.com.


As noted in the Company's audited consolidated financial statements, prior to
declaration of commercial production revenue from gold sales at the Bjorkdal
mine site is currently being credited against the Bjorkdal mineral property mine
development costs.


2008 Highlights

In the year ended November 30, 2008, the Company:

(All amounts are in Canadian dollars unless otherwise stated.)

- Completed the purchase of 100% of Bjorkdalsgruvan AB and the Bjorkdal gold
mine in Sweden as of January 1, 2008;


- Produced 27,955 ounces of gold at Bjorkdal during the fiscal year, a 52%
increase over gold production at the mine site from the previous 12 months;


- Recorded gold sales of $21.0 million at the Bjorkdal mine site for the 11
months from the date of acquisition;


- Generated $2.5 million of cash flow from the Bjorkdal operations for the 11
months from the date of acquisition;


- Funded $3.8 million in underground development at Bjorkdal from internal cash
flow;


- Strengthened the Company's balance sheet by increasing total assets to $28.3
million without adding debt - maintained working capital of $2.8 million.


During the fourth quarter of 2008, the Company:

- Produced 9,185 ounces of gold at Bjorkdal, with over half of the daily plant
throughput coming from the new underground and open pit units of the mine;


- Recorded gold sales of $6.7 million at the Bjorkdal mine site;

- Generated $1.8 million of cash flow from the Bjorkdal operations.

Glen Dickson, Chairman, commented that, "2008 was a breakthrough year for
Gold-Ore with the completion of the acquisition of the Bjorkdal gold mine and
the development of underground and new open pit operations at the mine site. The
mine is now positioned to declare commercial production in 2009, continue to
increase production levels and reduce cash cost per ounce of gold produced over
the course of the year."


About Gold-Ore

Gold-Ore Resources is a gold mining and exploration company focused in Sweden.
The Company is cash flow positive, debt-free and unhedged, and remains focused
on increasing gold production from the 100%-owned Bjorkdal Mine. In addition to
Bjorkdal, the Company also has other assets in the country; the Ronnberget Gold
Property (adjacent to Bjorkdal), the Norrliden Polymetallic Deposit and the
Vallberget Polymetallic Property.


Bjorkdal property information is posted on the Company's web site at
www.goldoreresources.com.


ON BEHALF OF THE BOARD

Glen Dickson, Chairman

This news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions and therefore, involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements.


News Release 09-07

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