Staccato Amends Lookout Mountain Project Lease

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 21, 2008) - Staccato Gold Resources Ltd. (TSX VENTURE: CAT.V) announces that it has negotiated an amendment to the Lookout Mountain project lease, providing for an extension of the lease term to 20 years, and thereafter for as long as minerals are mined on the property. The amendment also provides for an increase in the advanced royalty payments to $72,000 per annum commencing on June 1, 2009. Staccato is also required to make annual minimum exploration expenditures of $250,000 for the first five years, and spend an additional $250,000 before June 1, 2016, for a total minimum work commitment of $1,500,000. Exploration expenditures in excess of $250,000 in any year can be accumulated and carried forward and credited to expenditures required in succeeding years.

Staccato's Lookout Mountain project is part of the Company's extensive South Eureka property, located in north central Nevada on the prolific Battle Mountain-Eureka trend.

On behalf of the Board of Directors

STACCATO GOLD RESOURCES LTD.

Grant Ewing, President & CEO, Director

About Staccato Gold Resources Ltd.: Staccato Gold is a well funded junior gold exploration company with resources and advanced stage exploration assets located exclusively in Nevada. The Company has assembled a portfolio of five prospective gold prospects in the dominant gold trends in Nevada.

Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

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

Contacts

Gareth Thomas
Staccato Gold Resources Ltd.
(604) 682-8789
Website: www.staccatogold.com