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GVG Grenville Gold Corp. (delisted)

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Share Name Share Symbol Market Type
Grenville Gold Corp. (delisted) TSXV:GVG TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Grenville Receives Additional Expression of Interest

02/02/2009 1:15pm

Marketwired Canada


Grenville Gold Corporation ("Grenville" or "the Company"), (TSX
VENTURE:GVG)(PINK SHEETS:GVLGF)(FRANKFURT:F9I)(WKN:A0KELU) announces it has
received an additional expression of interest ("EOI") on its Silveria project.


"Grenville will carefully review any valid and cogent proposal that maximizes
shareholder value", stated Melvin Rokosh, Grenville's CFO.


On January 23, 2009, the company announced it had received an EOI on both
properties. This new EOI combined with a previously announced EOI (November 24,
2008) received by Gold Hawk Resources (TSX VENTURE:CGK) for its Peruvian
subsidiary, which owns a permitted poly-metallic silver-zinc-copper-gold mine
located 4 km away from Grenville's Silveria Project, indicates the attention
this area is receiving. In the past, Grenville's Silveria and Espanola projects
were reviewed by several majors, (April 18, 2007, May 23, 2007). On July 31,
2007, the Aluminum Corporation of China ("Chinalco") announced the completion of
its offer to acquire all the issued and outstanding common shares of Peru Copper
for cash consideration of C$6.60 per share. Chinalco now owns the billion tonne
Toromocho Copper Deposit which was Peru Copper's major asset.


The company cautions shareholders that there is no assurance that a specific
proposal will arise as a result of the expressions of interest. Negotiations
resulting from an expression of interest may or may not result in any specific
transaction and no timetable has been set for the completion of any potential
transaction. Grenville has not published any 43-101 compliant reserve or
resource calculation at this time.


About Grenville Gold Corporation (www.grenvillegoldcorp.com) 

Grenville's Silveria Silver-Zinc-Lead Copper Project covers a total of 6,188
Hectares and is located approximately 80 kilometers east of Lima, Peru near the
town of San Mateo and 30 kilometers south-west of Peru Copper's Toromocho
property and Pan American Silver's Morococha Mine. The Silveria claims encompass
the high grade, past producing Pacococha, Millotingo, Germania and Silveria
mines. The local area is also host to subsidiaries owned by Barrick, Rio Tinto,
Chinalco, Pan American Silver, Gold Hawk Resources, Glencore, Volcan Peru and
Jintong Peru.


The 7,129 Hectare Espanola Copper-Gold Project is 100 kilometres southeast of
Lima and hosts two high grade past producing mines and numerous underground
workings. It is 15 km from the Raul/Condestable mine and adjacent to property
owned by Candente Resources.


Grenville Gold Corp is a tier 2 Canadian exploration company, quoted for trading
on the TSX Venture Exchange under the symbol GVG. There are currently 42,676,511
shares issued.


On behalf of the Board of Directors,

A. Paul Gill, President & Director

We Seek Safe Harbor.

All statements, other than statements of historical fact, included herein are
forward-looking statements that involve various risks and uncertainties. There
can be no assurance that such statements will prove to be accurate, and actual
results and future events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed in the Company's
documents filed from time to time with the TSX Venture Exchange, the British
Columbia Securities Commission, the Ontario Securities Commission, and the
Alberta Securities Commission.


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