GOZ Gold-Ore Resources Ltd

Gold-Ore Resources Ltd. (the "Company") (TSX VENTURE:GOZ) reports financial
results for the period ending February 28, 2010 (First Quarter 2010). 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.goldore.ca.


Financial Highlights for the First Quarter 2010



--  Revenues of $10.5 million 
--  Operating cash flow of $2.9 million or $0.03 per share 
--  Earnings for the period of $0.4 million or $0.00 per share 
--  Investment of $1.9 million in mine development 
--  Cash on hand as of the end of the period of $4.4 million and working
    capital of $5.2 million 
--  No debt 
--  Gold production of 10,065 ounces and gold sales of 10,003 ounces 
--  Average realized gold price of US$1,042 per ounce; production remains
    un-hedged  
--  Total cash costs of US$807 per ounce 



Gold-Ore Chairman Glen Dickson commented, "We are pleased that gold production
has normalized at an annualized rate of 40,000 ounces per year over the last six
months, and the plant is operating at capacity, over 3,000 tonnes per day fed
from both the underground and open pit components of the mine. We are now
focusing our efforts on the economics of the mine and looking to optimize our
mining methods to improve gold grade and reduce operating costs."


Grade Increase Initiative

The underground operation at the Bjorkdal gold mine is best described as a
narrow vein mine with over 45 veins identified for mining. Since narrow vein
mining in Sweden is not common, the Company investigated several operations in
Canada that employ narrow vein mining techniques. Some of these techniques are
now being tested at Bjorkdal. Results of this initiative are expected during the
next few months. 


Cost Reducing Initiatives

During the last six months the staff at the Bjorkdal mine has worked on a number
of initiatives to reduce costs, including exploring alternatives with suppliers
and contractors. Contractors represent the single largest cost at Bjorkdal and
the Company is taking a long term approach with a five year plus mine life.
Gold-Ore is reviewing its options including the purchasing or leasing equipment
to become more owner-operator oriented and less reliant on contractors.


To view the table associated with this press release, please click on the
following link: http://media3.marketwire.com/docs/goz428.jpg


About Gold-Ore 

Gold-Ore Resources is a gold mining and exploration company currently focused in
the Skelleftea mining district in northern Sweden. The Company's primary asset
is the Bjorkdal Mine, which is cash flow positive, debt-free and unhedged. In
addition to Bjorkdal, the Company also has other assets in the district
including the mineral rights to 57 square kilometres around the mine site, as
well as the Norrliden Polymetallic Deposit. 


Bjorkdal property information is posted on the Company's web site at www.goldore.ca 

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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