Grandview Gold Inc.
OTC Bulletin Board : GVGDF
TSX : GVX

Grandview Gold Inc.

October 05, 2007 15:46 ET

Grandview Gold Grants Incentive Options

TORONTO, ONTARIO--(Marketwire - Oct. 5, 2007) - Grandview Gold Inc. (TSX:GVX) (OTCBB:GVGDF) ("Grandview" or the "Company") reports that, effective September 28, 2007, the Board of Directors of the Company granted an aggregate of 2,000,000 options to directors, officers, geologists and consultants of the Company, with each such option being exercisable at a price of $0.68 for a period of five years. All the options granted vest immediately.

The grant of the incentive stock options is a part of the re-structuring undertaken by Grandview President and CEO Paul Sarjeant, B.Sc, P.Geo and Chairman Michael Hitch, M.Geo, Ph.D, P.Geo. "The options program is a reflection of the current management philosophy of the Company," says Sarjeant. "We are committed to working hard as a team to maximize shareholder value and it is fundamental to the culture of the company to reward that commitment at all levels."

Grandview is a gold exploration company focused on creating value for shareholders by applying advanced geology, geochemical and geophysical science to reduce exploration and development costs at numerous high-grade gold properties in major gold camps of North America, including Nevada's Carlin Trend, Ontario Red Lake Gold District and Manitoba's emerging Rice Lake District.

This document may contain forward looking statements, relating to the Company's operations or the environment in which it operates, which are based on Grandview Gold Inc's operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or beyond Grandview Gold Inc's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place undue reliance on such forward-looking statements. Grandview Gold Inc. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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