Goldrush Issues Shares to Repay Convertible Debenture

DEC 22, 2010 – 13:45 ET

VANCOUVER, BRITISH COLUMBIA–(Marketwire – Dec. 22, 2010) – Goldrush Resources Ltd. (TSX VENTURE:GOD) reports that the TSX Venture Exchange (“Exchange”) has approved the issuance of 1,994,277 common shares to High River Gold Mines Ltd. as full repayment for a non-interest bearing convertible debenture with a principal amount of $1,994,277. The shares to be issued were subject to a hold period that expired on July 4, 2006.

For further information on Goldrush Resources Ltd., shareholders and other interested parties are invited to visit the Company’s website at www.goldrushresources.ca.

ON BEHALF OF THE BOARD OF DIRECTORS,
GOLDRUSH RESOURCES LTD.
“Len Brownlie”
Len Brownlie – President and Chief Executive Officer

About Goldrush: Goldrush is a mineral exploration company focused on gold exploration in West Africa.

FORWARD-LOOKING STATEMENTS: This news release contains certain “forward-looking statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Except for statements of historical fact relating to the company, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the exploration and development of mineral properties, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal prices, the possibility of project cost overruns or unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and other factors. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT:

Goldrush Resources Ltd.
Don Willoughby
VP Corporate Development
604-602-9973
604-681-5910 (FAX)
info@goldrushresources.ca
www.goldrushresources.ca
or
Renmark Financial Communications Inc.
Maurice Dagenais
(514) 939-3989 or (416) 644-2020
mdagenais@renmarkfinancial.com
or
Renmark Financial Communications Inc.
Barry Mire
(514) 939-3989 or (416) 644-2020
bmire@renmarkfinancial.com
www.renmarkfinancial.com

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