SOURCE: Grenville Gold Corporation

November 22, 2007 15:00 ET

Grenville's Silveria Land Package Now Totals 3959 ha of Mineral Titles, New Director Appointed

VANCOUVER, BC--(Marketwire - November 22, 2007) - Grenville Gold Corporation (TSX-Venture: GVG) (PINKSHEETS: GVLGF) (FRANKFURT: F9I) (WKN: A0KELU) ("Grenville" or "the Company") has received reports from its 90% owned subsidiary in Peru that the mineral titles in the Silveria region now total 3959 ha. This includes 2487.23 ha in mineral titles that have been granted by INACC, 141 ha of mineral titles won by auction and 1330.76 ha of mineral titles purchased. A news release April 11, 2007 reported on StockWatch outlines Grenville's understanding of the acquisition of mineral concessions in Peru through staking.

Mining concessions must be registered at the Instito Nacional de Concesiones y Catastro Minero ("INACC"). INACC is the Peruvian agency that manages the mineral rights of the Country. All concessions must be registered at INACC. The owner of a concession registered at INACC is the legal owner of this concession. Concession boundaries are specified on the application by indicating the locations of the corners of the concessions. Coordinates must be specified to the nearest one thousand (1,000) metres UTM coordinate and boundaries must be orientated north-south and east-west. Concessions awarded before 1992 can have irregular coordinates. These concessions have specific corners that were legally surveyed in the field and must be registered at INACC.

Former Corporate Secretary Stacy Broadoway has tendered her resignation in order to proceed with other activities. Also, Mark Macdonald, Director has tendered his resignation. The company thanks both for their participation in the last year during the transition period. The company has also cancelled the 1,500,000 Stock Options (each exercisable at $0.50) announced November 8, 2007.

The company is pleased to announce the appointment of Melvin Rokosh as Corporate Secretary. In fulfilling the role of both CFO and Corporate Secretary, Mr. Rokosh will consolidate and bring 'in-house' this important role. Also, the company welcomes Roger Neilson Farrier, C.A. as an Independent Director.

About Grenville Gold Corporation

Grenville Gold is a junior resource company seeking prospective properties in Peru and Ecuador. The Company has three operating subsidiaries: 90%-owned subsidiary 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,

"A. Paul Gill"
President & CEO
Ph. (604) 669-8842

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.

Contact Information

  • Contact:

    A. Paul Gill
    President & CEO
    Ph. (604) 669-8842
    Email Contact