Grayd Accelerates Drill Program at Tarachi Gold Porphyry

Grayd Resource Corporation (TSX VENTURE:GYD) ("Grayd") reports step out drilling
continues to expand the known area of gold mineralization at Tarachi, part of
its 100% owned La India Property in Sonora, Mexico. Gold porphyry
mineralization, which starts at surface and is open at depth, has now been
intersected over an area of approximately 800 x 800 metres. Grayd plans to
accelerate its exploration at Tarachi and move to a three drill program in the
coming weeks.


Recent results include RC-11-595 which intersected 0.56 g/t Au over 106.7
metres, including 26 metres of 1.01 g/t Au, and bottoming in an 18 metre
interval averaging 0.53 g/t Au. This new drill hole is located 350 metres to the
north of the area with the highest concentration of drilling and best results to
date, with results significantly expanding the extent of confirmed gold
mineralization. RC-11-595 intersected similar mineralization to a previously
released step out, 470 metres to the northwest, where RC-11-590 intersected 0.30
g/t Au over its entire 252 metre length, including a 17 metre interval of 1.0
g/t Au, and bottomed in a 24 metre interval averaging 0.64 g/t Au. Please see
the attached Tarachi map or visit our website at www.grayd.com.


New step out drilling near RC-11-590 has also expanded the extent of
mineralization in the western area by a further 50 metres. RC-11-596 intersected
158.5 metres of 0.29 g/t Au including 38.1 metres of 0.52 g/t Au and
demonstrates the area to the west remains open at depth and in all directions.


RC-11-594 intersected 85.3m of 0.30 g/t Au and was an offset hole to previous
drilling in the area where most drilling has occurred to date.


Marc Prefontaine, President and CEO of Grayd, stated: "Exploration at Tarachi
continues to deliver gold grades over very large intervals. Recent results have
expanded the known area of mineralization, and most of the Tarachi target area
has yet to be drill tested. A gold porphyry model gives us great incentive to
expand our drilling activities to test the extent of this large gold system, and
start drilling to define resources in the higher grade areas. We are very
excited by our results to date, and look forward to advancing the project with
two additional drills, providing exploration results on a regular basis." 


The new drill holes have intersected the same style of gold mineralization
reported previously from the Tarachi area (February 2011). This style of
mineralization is similar to porphyry-style gold systems globally. Gold
porphyries are characteristically of moderate to low grade, but contain high
tonnages that support large mining operations. World-class gold porphyries of
this type occur in the Maricunga belt of Chile, where over 60 million ounces of
gold have been identified in 14 separate deposits.




Table of New Drill Results:

--------------------------------------------------------------------------
                             Depth               From     To  Width     Au
Hole              N       E     (m)   Az   Dip     (m)    (m)    (m)  (g/t)
--------------------------------------------------------------------------
RC-11-594   3185080  700201    203    45   -50   12.2   97.5   85.3   0.39
--------------------------------------------------------------------------
RC-11-595   3185271  700179    285    10   -50   73.2  103.6   30.5   0.53
--------------------------------------------------------------------------
                                                178.3    285  106.7   0.56
--------------------------------------------------------------------------
                                     including  202.7  236.2     26   1.01
--------------------------------------------------------------------------
RC-11-596   3185630  699808    221    10   -50      0  158.5  158.5    0.3
--------------------------------------------------------------------------
                                     including      0   38.1   38.1   0.52
--------------------------------------------------------------------------



The La India property is located in the prolific Mulatos gold belt of Mexico's
Sonora state. Tarachi is located 10 kilometers north of the resource area that
was analyzed in a recently reported Preliminary Economic Assessment (PEA) and
represents a separate gold-rich mineral system. Results of the PEA, reported on
October 21, 2010, show a 51% internal rate of return, a US$187 million net
present value (pre-tax, 5% discount rate), a nine-year mine life and nearly
850,000 ounces of gold produced. Grayd has initiated feasibility level work on
this resource. 


Hans Smit, P.Geo., VP Exploration for Grayd, is the Qualified Person directing
the exploration at La India. Samples are sent to the ALS Chemex facility in
Hermosillo for sample preparation, and then to the ALS Chemex laboratory in
Vancouver for gold assay and ICP. QA/QC procedures used include assay standards
and blanks. 


To view the map accompanying this press release please click on the following
link: http://media3.marketwire.com/docs/GYD0322.pdf


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