Grayd Expands Potential at La India Gold Project

Grayd Resource Corporation (TSX VENTURE:GYD) is pleased to report that recent
exploration work on the La India Project indicates that the main zone of gold
mineralization at Viruela-La Cruz potentially extends an additional 1.3 km
down-dip from the area encompassed by the January 2008 resource (36.8 million
tonnes grading 0.8 g/t Au or 938,000 oz using a 0.4 g/t Au cut-off).
Interpretation of drill results and surface mapping show that stratigraphy and
alteration associated with the Viruela-La Cruz zone extends beneath cover rocks
westward to the Nopal zone, a previously identified zone of silicification and
breccias characteristic of upper levels in a high-sulphidation epithermal
system. This equates to a doubling in size of the area underlain by the target
alteration horizon that hosts the gold mineralization. Gold results released
July 16, 2008 from drill hole RC-08-343 (33.5 m grading 1.20 g/t Au), drilled
180 m west of the last hole included in the January 2008 resource, and RC-08-342
(16.8 m grading 1.18 g/t Au), will allow part of the new area closest to the
existing resource to be included in a new resource model which is currently
underway. Extensions of gold mineralization west of these holes will be the
target of drilling once surface exploration work is complete. A cross section
showing the expansion is attached (to view please click on:
http://media3.marketwire.com/docs/gyd1105.pdf) and also posted on the Grayd
website at www.grayd.com.


Exploration work on the La India project is advancing. Reverse circulation and
diamond drilling within the areas of the January 2008 resource, and in potential
extensions adjacent to these areas, has been completed and all assays have been
returned. An updated geological model incorporating all new data has been
constructed. A new resource calculation is currently underway and will be
completed this month. Detailed geological mapping and sampling is being
conducted on the potential extensions to the known zones, and on other targets
on the 250 sq km property.


Hans Smit, P.Geo., VP Exploration for Grayd, is the Qualified Person directing
the exploration at La India. 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 very experienced in all
aspects of mineral exploration, development and production and have been
involved with several successful mining projects over 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 expressions are intended to identify
forward-looking statements. Such statements are used to describe management's
future plans, objectives, 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.