Grenville Reviews Arbitration Decision and Welcomes New Neighbours

Grenville Gold Corporation ("Grenville" or "the Company"), (TSX
VENTURE:GVG)(PINK SHEETS:GVLGF)(FRANKFURT:F9I)(WKN:A0KELU) has received a
preliminary summary of the findings of the Arbitration Panel from Peruvian legal
counsel. The Arbitration Panel confirmed that an exclusive option agreement
exists between Bella Rubia S.M.R.L. and Minera High Ridge S.A.C. As of March 17,
2009, Bella Rubia became a subsidiary of Grenville Gold Corp. and Minera High
Ridge S.A.C. is a subsidiary of High Ridge Resources (TSX VENTURE:HRR). Under
the terms of the agreement Minera High Ridge agreed to pay a total of $ 700,000
USD for 148 Ha made up of 11 claims in stages over 4 years. 


Though the result was not the primary outcome sought by Grenville, Grenville
assures shareholders that it has already planned for this contingency. Grenville
now accepts that a binding, exclusive, non-transferable option agreement exists
between Minera High Ridge S.A.C. and Bella Rubia S.M.R.L. until such time that
Minera High Ridge pays amounts owed to Bella Rubia S.M.R.L. to complete the
contract or cancels the contract in Peru. Bella Rubia S.M.R.L. staff have been
instructed to contact Minera High Ridge S.A.C. to complete the transfer when
practicable. 


Grenville will further review the panel's decision and confer with legal
advisors regarding any further action or information. 


In addition, Grenville will continue with its plans to develop the 6,122 Ha
Silveria Property and the 7,129 Ha Espanola Copper Property. Grenville has
learned that the Peruvian firm Compania Minera San Juan (Peru) S.A. (CMSJ) has
agreed to purchase 85% of GoldHawk Resources' (TSX VENTURE:CGK) Corichanca Mine.
Grenville looks forward to working with San Juan, Minera High Ridge, the
community, its partners and other stakeholders towards a common goal of
developing a world class project.


Further information and property maps are available at www.grenvillegold.com. 

On behalf of the Board of Directors,

A. Paul Gill, President & Director

We Seek Safe Harbor.