Staccato Gold Resources Ltd. (TSX VENTURE:CAT) has closed its non-brokered
private placement financing announced on July 4, 2007. A total of $5,200,000 was
raised through the sale of 14,857,143 units. The First tranche of 9,000,000
units is subject to a hold period expiring December 10, 2007 and the Second
tranche of 5,857,143 units is subject to a hold period expiring December 17,
2007. Each $0.35 unit consists of one common share and one share purchase
warrant. Each warrant entitles the holder to purchase one common share for a
period of two years at $0.50. Commissions of $364,000 and 891,429 warrants
having the same terms as the placee warrants have been paid in connection with
this placement. 


The proceeds shall be used for exploration and development at Staccato's gold
projects in Nevada and for general corporate purposes. The Company is attempting
to secure rigs for several of its exploration properties in Nevada.


Combined with the financing announced on July 18, 2007 for gross proceeds of
$10.3 million, the Company now has approximately $14 million in cash and Bank of
Nova Scotia Discount bonds on hand. The Company has no exposure to asset backed
commercial paper.


On behalf of the Board of Directors

STACCATO GOLD RESOURCES LTD.

Greg Hryhorchuk, Vice-President & CFO

About Staccato Gold Resources Ltd.: Staccato Gold is a junior gold exploration
company with resources and advanced exploration assets exclusively in Nevada.
The Company has assembled a portfolio of five gold prospects in the dominant
gold trends in Nevada and has a joint venture agreement in place on its ICBM
property in the Cortez Trend with Barrick. 


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.
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