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Re: News Release - Tuesday, March 15, 2011
Title: Gold-Ore Announces First Quarter Gold Production and 2011 Production Guidance

Vancouver, BC, Canada - Gold-Ore Resources Ltd. today released First Quarter (ending Feb. 28, 2011) production results and 2011 gold production guidance for the 100% owned Bjorkdal Gold Mine in Sweden. During the quarter, the mine produced 10,038 ounces of gold, up from 8,538 in the fourth quarter of 2010.

First Quarter 2011 Production

	Q1 2011
Tonnes processed	281,226
Daily throughput - tonnes	3,125
Head grade - grams/tonne	1.26
Gold recovered - ounces	10,038
- kilograms	312.2
Average plant recovery	88.0%

Bob Wasylyshyn, Gold-Ore's president, stated that, "Management is pleased with the rapid implementation of this underground production team. Over the course of the next quarter, total underground ore production is expected to increase to 2,000 tonnes per day."

During February the underground contractor reached the production target of 1,500 tonnes of ore per day, thereby completing the transition between contractors, initiated late last year. Underground ore production in March is exceeding targeted levels, which will increase gold output as lower grade open pit production is reduced. The underground contractor has capacity for further long term increases in ore production and these options are being evaluated. In February the Company moved toward owner-operator underground mining by taking delivery of a new stoping drill. This unit is capable of producing 500 to 800 tonnes per day, and since delivery has completed drilling the first stope.

2011 Production Guidance

The Company is projecting gold production of 44,000 to 46,000 ounces during 2011, reflecting a 10% increase from 2010. The forecast is based on 2,000 tonnes of ore per day supplied from underground and 1,200 tonnes per day supplied from the open pit. By increasing the underground component, the Company has the option to increase gold production.

About Gold-Ore

Gold-Ore Resources is a gold mining and exploration company focused in the low political risk jurisdiction of Sweden. The Company's primary asset is the Bjorkdal Gold Mine, which has produced over one million ounces in the last 23 years of operation. The mine still contains 920,000 ounces of gold in measured and indicated resources, which continues to be expanded through drilling, indicating a long mine life at current gold prices. The Company has a strong balance sheet, continues to generate significant cash flow from gold sales, and its gold production remains un-hedged. As a result, Gold-Ore has been able to maintain a good capital structure, with only 84.8 million shares issued (89.0 million fully diluted).

For more information please contact the Company at (604) 687-8884 or Troy Winsor at 1-800-663-8072. Bjorkdal property information is posted on the Company's web site at www.goldore.ca

ON BEHALF OF THE BOARD

Robert Wasylyshyn, President

The TSX Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. 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.

Gold-Ore Resources Ltd.

	PRODUCTEUR
	CODE : GOZ.TO
	ISIN : CA3809811001

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Gold-Ore Res. est une société de production minière d'or basée au Canada.

Gold-Ore Res. est en développement de projets d'or, d'argent, de cuivre, de plomb et de zinc en Suede, et détient divers projets d'exploration en Suede.

Son principal projet en production est BJÖRKDAL en Suede, son principal projet en développement est NORRLIDEN en Suede et ses principaux projets en exploration sont VALLBERGET et RONNBERGET en Suede.

Gold-Ore Res. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 69,2 millions CA$ (67,3 millions US$, 51,1 millions €).

La valeur de son action a atteint son plus bas niveau récent le 23 novembre 2001 à 0,04 CA$, et son plus haut niveau récent le 31 décembre 2010 à 1,14 CA$.

Gold-Ore Res. possède 85 467 000 actions en circulation.

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	Production
	Mine développement
	Découverte
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