GSS Gossan Resources Limited

Gossan Resources Limited (TSX VENTURE:GSS)(FRANKFURT/FREIVERKEHR & XETRA:WKN
904435) has been advised to pursue development of its Manigotagan Silica Sand
Project as improving market conditions for frac sand proppant, used in the oil
and gas industry, will accommodate the entry of an additional new producer.
World Industrial Minerals of Arvada, Colorado, has completed a marketing study
on high-purity Manigotagan silica sand that makes five recommendations:
investigate the feasibility of establishing a processing plant at mine site,
railhead and harbor in Selkirk, MB; initiate a review and time line of required
extraction and processing permits; complete a NI 43-101 report on the deposit;
and initiate a prefeasibility study on the Project's economics.


The marketing study establishes that the highest and best use of Manigotagan
silica sand is as frac sand proppant used in the oil and gas sector. Demand for
frac sand proppant is rebounding as the technology of drilling multi-fraced
horizontal oil and gas wells utilizes large amounts of frac sand proppant.
Market demand in 2010 is estimated around 8 million metric tonnes. The study
provides an analysis of the 17 companies producing frac sand proppant in North
America and an assessment of candidates suitable for a strategic partnership in
Gossan's Project.


The study concluded that Manigotagan silica sand meets the specifications and
appears suitable for the following markets: frac sand proppant, fiberglass,
recreation, metallurgical, construction, filtration, and well pack. The silica
sand is not suitable for the following markets: foundry, flat glass, container
glass, specialty glass, ceramics, filler, ferrosilicon, silicon metal and lascas
due to its relatively high iron content of 0.2% and the sandblast market due to
its granular shape. The study recommends additional test work to determine if
iron levels can be reduced in order to compete in additional markets. In markets
other than frac sand proppant, transportation costs would limit the market size
to southern Manitoba.


Gossan has completed a series of tests on various sized samples of Manigotagan
silica sand and the results have exceeded all of the minimum standards for frac
sand proppant used by the oil and gas industry. This analysis, known as Proppant
Testing, was conducted by PropTester Inc. of Cypress, Texas, using ISO Proppant
standards. Samples of Manigotagan silica sand have consistently received ISO 8K
and 9K Proppant ratings for the 20/40 and 30/50 mesh fractions and ISO 9K
Proppant ratings for the 40/70 and 70/140 mesh fractions.


Drilling at Manigotagan has been successful in outlining substantial zones of
silica sand with a thickness exceeding 5 metres and ranging to over 15 metres.
Two zones, with lengths known to exceed 400m and 600m, are both open on one or
more sides. The deposit has been outlined in three drill programs totalling over
60 holes.


G. Ryan Cooke, P.Geo., Gossan's Lead Director - Exploration is the Company's
Qualified Person and he has reviewed and approved the technical contents of this
news release.


Gossan Resources Limited is engaged in mineral exploration and development in
Manitoba and northwestern Ontario. It has a well-diversified portfolio of
properties hosting gold, platinum group and base metals, as well as the
specialty and minor metals, tantalum, lithium, chromium, titanium and vanadium.
The Company also has a large deposit of magnesium-rich dolomite, the world-wide
rights to the Zuliani magnesium production process, and a silica sand deposit.
Gossan trades on the TSX Venture and the Frankfurt/Freiverkehr & Xetra Exchanges
and has 29,117,900 common shares outstanding.


For further information, please bookmark www.gossan.ca.

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