Greystar Resources Ltd.
LSE : GSL

Greystar Resources Ltd.

November 19, 2008 02:00 ET

Greystar Resources Ltd.: Appointment of Chief Financial Officer

GREYSTAR RESOURCES LTD.

TSX, AIM SYMBOL:  GSL

November 18, 2008

Greystar Resources Ltd.: Appointment of Chief Financial Officer

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 18, 2008) - Greystar Resources Ltd. (the "Company" or
"Greystar") (TSX:GSL)(AIM:GSL) is pleased to announce that Ms. Pauline Pasetka has been appointed to
the non-board position of Chief Financial Officer effective November 17, 2008. Ms. Pasetka replaces
Mr. Frederick Felder who was functioning as acting Chief Financial Officer for an interim period.

"Our size and stage of development now require a CFO of Pauline's caliber, and we could not be more
excited about her joining us," said Chief Executive Officer, David Rovig "Pauline's depth of
experience and financial expertise will ensure a balanced approach to our financial reporting
processes and procedures, while we continue to advance our wholly-owned Angostura gold-silver project
in the north eastern region of Colombia."

Ms. Pasetka is a Certified Management Accountant with over ten years of finance and management
experience, including public company reporting in various sectors. She was formerly the Financial
Controller of Quest Capital Corp., an AIM, TSX and Amex-listed Mortgage Investment Corporation serving
Canadian real estate markets.Prior to this, Ms. Pasetka was a Tax Analyst for MacDonald Dettwiler and
Associates Ltd. where her responsibilities included, amongst others, financial reporting, tax planning
and compliance, internal controls and process management.

"I see tremendous opportunity at Greystar," said Ms. Pasetka. "The Company has done an enviable job in
moving the Angostura project into the feasibility study stage and I look forward to utilizing my
expertise to aid management as this large-scale project moves towards a production decision."

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Greystar Resources Ltd.
Mr. David Rovig
President
(406) 245-9520

OR

Greystar Resources Ltd.
Mr. Andreas Curkovic
Investor Relations
(416) 577-9927
Website: www.greystarresources.com

OR

Parkgreen Communications - Contact in London
Louise Goodeye
+44 (0) 20 7933 8792
Email: Louise.Goodeye@parkgreenmedia.com

OR

NCB Stockbrokers Limited - Contact in London
Christopher Caldwell
+44 (0) 20 7071 5200
Email: Christopher.Caldwell@ncb.ie

No Stock Exchange has reviewed or accepts responsibility for the adequacy or accuracy of this news
release.

Contact Information

  • Greystar Resources Ltd.