GOZ Gold-Ore Resources Ltd

Gold-Ore Resources Ltd. (the "Company") (TSX VENTURE:GOZ) reports financial and
operational highlights for the period ending August 31, 2009 (Third Quarter
2009). The Company operates the 100%-owned Bjorkdal Gold Mine in Sweden. The
financial results are expressed in Canadian dollars and further detail can be
found in the Financial Statements and Management Discussion and Analysis filed
on the Company's website at www.goldoreresources.com.


Financial Highlights for the Third Quarter 2009 and Year-To-Date 2009

- Revenues of $8.4 million for the quarter and $29.3 million year-to-date 

- Operating cash flow of $220 thousand ($0.00 per share) for the quarter and
$8.5 million ($0.10 per share) year-to-date 


- Net loss for the quarter of $1.0 million ($0.01 per share) and net earnings of
$5.0 million ($0.06 per share) year-to-date 


- Realized gold price of US$907 per ounce for the quarter and US$934 per ounce
year-to-date 


- Total cash costs of US$862 per ounce for the quarter and US$653 per ounce
year-to-date 


- Cash on hand of $3.8 million at the end of the quarter and $4.9 million in
working capital 


Operational Highlights for the Third Quarter 2009 and Year-To-Date 2009

- Processed 279,815 tonnes in the quarter and 771,273 tonnes year-to-date 

- Daily plant throughput of 3,041 tonnes for the quarter and 2,921 tonnes
year-to-date 


- Gold head grade of 1.06 grams/tonne for the quarter and 1.22 grams/tonne
year-to-date 


- Recovered 8,348 ounces (259.6 kilograms) of gold in the quarter and 26,838
ounces (834.7 kilograms) of gold year-to-date 


- Plant recovery 87.4% for the quarter and 88.9% year-to-date 

During the reporting period the Company generated operating cash flow of Cdn
$220,000 and a net loss of Cdn $1.0 million. This loss represents the first net
loss for the Company since declaring commercial production at Bjorkdal. The loss
is primarily related to lower revenues as a result of lower than anticipated
grades in the open pit and underground; increased costs; and to a lesser degree,
lower recoveries in the plant related to a motor failure. Management has taken
corrective measures to prevent this from reoccurring in the future.


Management is working closely with the operating team at Bjorkdal to smooth out
the grade variation through ore production scheduling and development planning
to ensure access to higher grade zones of the orebody. As a direct result, gold
production in September reached a record monthly level of 3,682 ounces. The
recent addition of a new mine manager has also greatly improved mine planning
and scheduling, which is a component of the optimization effort at the
operation. 


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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.

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