Grenville Gold Corporation

Grenville Gold Corporation

January 20, 2010 12:50 ET

Grenville Gold Corporation: Extensive Exploration Program Recommended for Silveria NI43-101 Resource Estimate

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 20, 2010) - Grenville Gold Corporation ("Grenville" or "the Company") (TSX VENTURE:GVG)(PINK SHEETS:GVLGF)(FRANKFURT:F9I)(WKN:A0KELU) reports it has received a recommendation from Qualified Person Luc Pigeon, M.Sc., P.Geo to complete an extensive surface and underground exploration program including sampling similar to the program conducted at the Reserva Vein (January 15, 2010 release) on all the other accessible adits and veins. The goal of the project is to select drill targets to test the ore shoots downdip continuity in order to establish NI 43-101 compliant Resources on the Property. Reserva is one of 33 reported veins at the Silveria Property (Stone & Godden, 2007) and is located within the recognized Millotingo-Pacococha polymetallic district near San Mateo, Lima, Peru.

The Property is also 30 kilometers south-west of Pan American Silver´s Morococha Silver Mine and Chalco's (Chinese Aluminum) Toromocho Porphyry Copper Project. Grenville's Silveria claims encompass a majority of the high grade, past producing Pacococha, Millotingo, Silveria and Germania Mines.

Based upon published information, mine plans, production records and historic reserve estimations obtained from the previous operators, Knight Piesold Engineering produced an unregistered 3D model displaying 42 km of adits. The historic production amalgamated by the Godden and Stone (2007) Independent NI 43-101 Technical Report indicates that 2.6 million tonnes of ore was processed at Millotingo producing:

Silver (oz) Gold (oz) Copper (lb) Zinc (lb)
39,000,000 90,000 97,000,00 44,000,000

In addition, records exist for the Pacococha Mine. The same Authors indicate that 2.7 milion tonnes of ore was processed producing:

Silver (oz) Gold (oz) Copper (lb) Zinc (lb) Lead (lb)
8,057,156 unknown   90,000,000   100,000,000   30,000,000

The technical information has been reviewed by Luc Pigeon, M.Sc., P. Geo and Qualified Person for NI 43-101 purposes at Grenville's Peruvian Properties.

On behalf of the Board of Directors,

A. Paul Gill, President & Director

We Seek Safe Harbor.

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