Grayd Announces Closing of $6.0 Million Private Placement Financing

VANCOUVER, Nov. 17 /CNW/ -- 
/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/


VANCOUVER, Nov. 17 /CNW/ - Grayd Resource Corporation ("Grayd" or the "Company") (TSX-V:GYD) is pleased to announce that it has closed the private placement equity
 financing previously announced on October 26, 2010 (the "Offering")
 with a syndicate of agents led by Canaccord Genuity Corp. and including
 Macquarie Capital Markets Canada Ltd. and Desjardins Securities Inc.
 (the "Agents").  The Company has issued 4,800,000 common shares at a
 price of $1.25 per common share for gross proceeds of $6,000,000.


The Agent received a commission of 6% of the gross proceeds raised
 through the Offering, which was paid in a combination of cash and
 common shares, and non-transferable warrants ("Broker Warrants") equal
 to 5% of the common shares issued through the Offering.  The Agents
 elected to receive their commission in the form of 90,720 common shares
 and $246,000 in cash.  Each Broker Warrant shall be exercisable to
 acquire one common share of the Company at an exercise price of $1.25
 per common share for a period of 18 months from closing of the
 Offering.  The Agents also received a corporate finance fee of 30,000
 common shares.  Securities issued under the Offering are subject to a
 hold period which will expire four months and one day from the date of
 closing, being March 18, 2011.


The funds raised from the issuance of the common shares shall be used to
 fund on-going work programs on the Company's La India project and for
 general working capital purposes.


ABOUT GRAYD RESOURCE CORPORATION


Grayd Resource Corporation is a growth-oriented junior natural resource
 company focused primarily on exploring and developing a large land
 position in Mexico which is highly prospective for gold and silver
 mineralization. The Company's Officers and Directors are experienced in
 all aspects of mineral exploration, development and production and have
 been involved with several successful mining projects during the past
 20 years.


The TSX Venture Exchange has neither approved nor disapproved of the
 information contained herein.


The information in this news release may contain forward-looking
 statements.  When used in this release, words such as "estimate",
 "expect", "anticipate" and "believe" as well as similar expression are
 intended to identify forward-looking statements.  Such statements are
 used to describe management's future plans, objects, and goals for the
 Company and therefore involve inherent risks and uncertainties.  The
 reader is cautioned that actual results, performance or achievements
 may be materially different from those implied or expressed in such
 statements, which speak only as of the date the statements were made. 
 Except as required by applicable securities laws, the Company does not
 update forward-looking statements continually as conditions change.




pMarc A. Prefontaine - President and CEO Tel: [phone]) or ua href="http://www.grayd.com"www.grayd.com/a/u./p

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