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Grandview Gold Inc.

Published : December 21st, 2007

Announces Private Placement

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Friday, December 21, 2007

Grandview Gold Inc Announces Private Placement

Toronto, Ontario, December 21, 2007 - Grandview Gold Inc. ("Grandview") (TSX Symbol: GVX, OTC-BB Symbol: GVGDF) is pleased to announce that it has closed the brokered private placement (the "Brokered Placement") with Bolder Investment Partners, Ltd. (the "Agent") previously announced on November 23, 2007.  The Brokered Placement resulted in the issuance by Grandview of a total of  (i) 1,312,000 units in the capital of Grandview (the "Units") at a purchase price of $0.55 (CAD) per Unit for gross proceeds of $721,600; and (ii) 605,000 flow-through shares (the “Flow-Through Shares ”) at a purchase price of $0.65 (CAD) per Unit for gross proceeds of $393,250 under the Brokered Placement.  Each Unit consists of one common share of Grandview and one-half of one common share purchase warrant ("Warrant").  Each whole Warrant is exercisable to acquire one further common share of Grandview at a price of $0.70 (CAD) for a period of 24 months from closing.

In connection with the Brokered Placement, Grandview paid a cash fee to the Agent of 8% of the gross proceeds raised under the Brokered Placement and also issued broker options to acquire 8% of the total number of Units issued under the Brokered Placement at a price of $0.60 per Unit for a period of 24 months from closing.

The proceeds from this financing will be used primarily to supplement Grandview's exploration program, namely the 2008 drilling program on its Pony Creek/Elliott Dome property in Nevada, and also its Red Lake projects in Ontario and Rice Lake projects in Manitoba, as well as working capital and general corporate purposes.

For further information contact Paul Sarjeant, President and CEO of Grandview at 416.486.3444 or visit Grandview's website at www.grandviewgold.com.

This is not an offer for sale, or a solicitation of an offer to buy, in the United States or to any US Person (as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act") of any equity shares or any other securities of Grandview Gold Inc.  Securities ("securities") of Grandview Gold Inc. are traded on the Toronto Stock Exchange  (TSX) and on the OTC BB.  This does not constitute, and should not be construed as, "general solicitation or general advertising" as defined under Regulation D of the Securities Act, or "directed selling efforts" under Regulation S of the Securities Act.

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Copyright © 2006 Grandview Gold Inc.

360 Bay Street, Suite 500, Toronto, ON, Canada, M5H 2V6

Grandview Gold Inc.

PRODUCER
CODE : GVX.TO
ISIN : CA3866711011
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Grandview Gold is a gold producing company based in Canada.

Grandview Gold holds various exploration projects in Canada.

Its main asset in production is ROCKY RIDGE in Canada and its main exploration properties are ANGELINA, SANSHAW BONANZA, LOISAN, PONY CREEK, BANKSIAN-GEM-GVG, DIXIE LAKE and ELLIOT DOME in Canada.

Grandview Gold is listed in Canada and in United States of America. Its market capitalisation is CA$ 405 815 as of today (US$ 375 176, € 279 356).

Its stock quote reached its highest recent level on December 29, 2006 at CA$ 2.05, and its lowest recent point on July 25, 2014 at CA$ 0.01.

Grandview Gold has 81 163 000 shares outstanding.

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Annual reports of Grandview Gold Inc.
Annual Report 2007
Financings of Grandview Gold Inc.
1/4/2008Closes Flow-Through Private Placement
12/21/2007Announces Private Placement
Nominations of Grandview Gold Inc.
12/8/2011Announces the Appointment of Mr. Carmello Marrelli as CFO an...
Project news of Grandview Gold Inc.
9/8/2011(Dixie Lake)Reports Significant Assays at Dixie Lake Property; Re-energi...
6/21/2011(Dixie Lake)Begins Drilling at Dixie Lake Project, in Red Lake Gold Dist...
6/1/2009(Red Lake)Prepares to Mobilize to Red Lake
12/19/2007(Red Lake) Prepares To Mobilize To Red Lake Gold District
Corporate news of Grandview Gold Inc.
1/18/2012Undertakes IP Survey of Sanshaw-Bonanza in Red Lake to Explo...
6/28/2011Issues Update to Shareholders
5/25/2011Signs Drill Contract; Plans to Verify Historic Red Lake Reso...
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