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GYD Grayd Resource Corporation

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Share Name Share Symbol Market Type
Grayd Resource Corporation TSXV:GYD 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 -

Grayd Appoints Richard Hall as Chairman

24/09/2009 2:15pm

Marketwired Canada


Grayd Resource Corporation (TSX VENTURE:GYD) is pleased to announce that Richard
J. Hall has agreed to assume the position of non-executive Chairman of the Board
of Directors. The Company is very pleased to have Mr. Hall as Chairman as it
continues to move the La India Gold project forward and evaluate the potential
to develop an open pit mine and heap leach extraction facility.


Mr. Hall, who has served on Grayd's board of directors for one year, brings 35
years of mining exploration and development experience to the Board. Mr. Hall
served as President and Chief Executive Officer of Metallica Resources Inc., a
company listed for trading on Amex and the TSX. He oversaw the financing,
construction and commissioning of the Cerro San Pedro mine in Mexico. The Cerro
San Pedro mine produced 85,000 and 1.1 million ounces of gold and silver,
respectively in 2008. It currently has a scheduled 10-year mine life. Also while
at Metallica, the La Fortuna deposit in Chile (487 million tones at 0.56% Cu and
0.44 g/t Au) was discovered and brought through to a final feasibility study.
This work was done in conjunction with Metallica's operating partner on the
project, Xstrata Copper. In August 2008, Metallica was part of a $1.6 billion
merger with Peak Gold Ltd. and New Gold Inc. Previous to Metallica, Mr. Hall
held senior management positions with Dayton Mining Corporation and Pegasus Gold
Corporation. Mr. Hall holds a Bachelor and a Masters Degree in Geology and an
MBA from Eastern Washington University.


Grayd has granted Mr. Hall options to purchase up to a total of 150,000 common
shares at a price of $0.40 per share. The options are exercisable for a five
year period, and are subject to certain vesting provisions.


Grayd Resource 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 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. The
Company does not update forward-looking statements continually as conditions
change.


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