SOURCE: Grenville Gold Corporation

October 16, 2007 09:15 ET

Grenville Finds High Ridge News Release Defamatory

VANCOUVER, BC--(Marketwire - October 16, 2007) - Grenville Gold Corporation ("Grenville" or "the Company") (TSX-V: GVG) (PINKSHEETS: GVLGF) (FRANKFURT: F9I) (WKN: A0KELU) has reviewed the recent news release by High Ridge Resources relating to their inability to access their properties near Grenville's Silveria Property. The Company confirms that it has contacted its Peru offices, Mr. Gill and Mr. De Melt and all are unaware of any criminal proceedings. No papers have been served to the Company, Mr. Gill or Mr. De Melt, nor has there been any contact with any government officials on this matter. Should any such proceeding come to light, Grenville and its Officers and Directors will defend the company vigorously. The Company finds the news release by High Ridge defamatory.

As previously stated in a news release dated July 17, 2007, Grenville has indicated it has purchased the surface rights in the area of four silver mines in Peru. The road through the 3393 Ha owned by Grenville is a private road. Further, in a news release dated August 31, 2007, Grenville indicated the private road through its properties was closed for safety reasons due to damage to the road. The Company was acting responsibly to ensure safety of those using the road. Any company wishing to access the road must have an agreement with Grenville, which owns the surface rights. High Ridge has no such agreement with Grenville.

About Grenville Gold Corporation

Grenville Gold (www.grenvillegoldcorp.com) is a junior resource company seeking prospective properties in Peru and Ecuador. The Company has three operating subsidiaries: 90%-owned Inversiones Mineras Alexander S.A.C. in Peru which owns the Silveria Property, Espanola Property and the Chorobal Property, Minera MineGreville S.A. in Ecuador which has an option to acquire the La Tigrera Project, and Parkman Diamond Corp. in Ontario, Canada which owns the Parkman Diamond Prospect. Grenville Gold plans to leverage the experience of its board and management in exploration and mining to develop its growth strategy in North and South America.

On behalf of the Board of Directors,

"Tom Thomsen"

Ph. 604-669-8842
info@grenvillegold.com

We Seek Safe Harbour

The TSX-Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX Venture Exchange, the British Columbia Securities Commission, the Ontario Securities Commission, and the Alberta Securities Commission.

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