Grandview Gold Inc.
OTC Bulletin Board : GVGDF

Grandview Gold Inc.

January 04, 2008 14:20 ET

Grandview Gold Inc. Closes Flow-Through Private Placement

TORONTO, ONTARIO--(Marketwire - Jan. 4, 2008) - Grandview Gold Inc. ("Grandview") (TSX:GVX)(OTCBB:GVGDF) is pleased to announce that it has closed a non-brokered private placement (the "Non-Brokered Placement"). The Non-Brokered Placement resulted in the issuance by Grandview of a total of 538,000 flow-through shares (the "Flow-Through Shares") at a purchase price of $0.65 (CAD) per Flow-Through Share for gross proceeds of $349,700 under the Non-Brokered Placement.

The proceeds from this financing will be used to supplement Grandview's Canadian exploration program, namely the 2008 drilling program on its Red Lake projects in Ontario and Rice Lake projects in Manitoba.

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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