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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 Strengthens Development Team

17/11/2009 11:30am

Marketwired Canada


Grayd Resource Corporation (TSX VENTURE:GYD) is pleased to announce that it has
entered into an exclusive consulting agreement with Fred Lightner, P.E. for
2010. This agreement significantly strengthens Grayd's evaluation and
development capabilities on its La India gold project in Mexico.


Mr. Lightner is a metallurgical engineer who has over 40 years of experience in
the mining industry, with the past 30 years focused on precious metal and heap
leach extraction gold mines. He has held a variety of senior management
positions including President and Chief Executive Officer of Wharf Resources,
which operates a heap leach gold mine in South Dakota. Most recently, he was
Executive Vice President and Chief Operating Officer of Metallica Resources,
where he managed the development of the Cerro San Pedro heap leach gold mine in
Mexico from its initial metallurgical testing through feasibility studies and
engineering design into construction. In addition to his work on the Cerro San
Pedro project, Mr. Lightner has conducted numerous economic and technical
evaluations on precious metal mines around the world.


Grayd Resources President and Chief Executive Officer Marc Prefontaine said,
"Grayd's management and Board are delighted to have somebody of Fred's
experience and reputation as part of Grayd's team. I believe Fred's willingness
to enter into an exclusive consulting agreement with Grayd speaks to his
confidence in the potential of the La India project. His involvement will
undoubtedly add to Grayd's ability to advance the project."


During the past year Mr. Lightner consulted with Grayd on the La India project,
principally in the areas of metallurgical testing, mineral processing and
economic analysis. He was appointed to Grayd's Advisory Committee in June 2009.
(See Grayd Resources June 3, 2009, press release).


The La India gold project is located in the prolific Mulatos gold belt of
Mexico's Sonora state. The project has a NI43-101 compliant gold resource of
559,000 ounces grading 1.01 g/t in the indicated category and 318,000 ounces
grading 1.05 g/t in the inferred category, all at a 0.5 g/t cut-off grade. The
resource consists of 17.2 and 9.4 million tonnes of indicated and inferred
material, respectively. This same district hosts Alamos Gold's Mulatos mine,
which produced 151,000 ounces of gold in 2008 and had a reported a resource of
4.75 million ounce of gold at the end of 2008.


Grayd Resource is a growth-oriented junior natural resource company focused
primarily on identifying, exploring and developing precious metal deposits. The
Company's Officers and Directors are very experienced in all aspects of mineral
exploration, development and production and have been involved in a number of
successful mining projects around the world 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 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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