GOZ Gold-Ore Resources Ltd

Gold-Ore Resources Ltd. (the "Company") (TSX VENTURE:GOZ) announces that further
to the Company's news release of June 18, 2008 the Company has closed a
non-brokered equity financing of $2,389,205 gross proceeds. A total 3,565,977
units were sold under private placement at $0.67 ("Unit"). Each Unit consists of
one common share and one-half of one common share purchase warrant ("Warrant").
Each whole Warrant entitles the holder to purchase an additional common share at
a price of $0.90 per share for a period of 24 months from the closing of the
financing. Units sold under the private placement have a 4 month hold period
expiring November 11, 2008.


The Company will pay to arm's length third parties or registered dealers
finders' fee totaling $62,255.10 and brokers' warrants to acquire 77,432 common
shares of the Company. Each brokers' warrant may be exercised for one common
share at a price of $0.67 for a period of 12 months from closing.


Proceeds from the financing together with the cash on hand and the cash flow
generated from gold sales from the Bjorkdal mine will provide the necessary
funds for the Company to complete the underground test mining at Bjorkdal while
initiating exploration on the near-by Ronnberget Property.


Historical drilling on the Ronnberget Property, 4 kilometers east of the
Bjorkdal plant intersected up to 180 grams gold per tonne over 6.0 metres in
quartz veins geologically similar to the Bjorkdal deposit. The Company plans to
compile all historical data, map and prospect the property in preparation for a
diamond drill program planned for the third quarter.


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 08-11

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