N E W S R E L E A S E
Grayd Appoints Richard Hall to its Board of Directors
Vancouver, BC, September 24, 2008 . . . Grayd Resource Corporation (TSX-V: GYD) is pleased to announce the appointment Richard J. Hall to its board of directors. Mr. Hall brings 35 years of mining exploration and development experience to Grayd?s Board.
Over the past nine years, 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 is targeted to have average annual production of 90,000 and 2.1 million ounces of gold and silver, respectively, over its currently 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 developed 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 375,000 common shares in the capital of the Company at price of $0.34 per share. The options 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 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.
For further information, please contact:
Marc A. Prefontaine ? President and CEO (604-681-7446) or
Freeform Communications Inc. (604-288-7222) or www.grayd.com
The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.
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.