Grandview Gold Inc.

Grandview Gold Inc.
Mill City Gold Corp.

Mill City Gold Corp.

January 21, 2005 16:36 ET

Joint Press Release: Grandview Gold/Mill City Gold Amend Option Agreement.


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: GRANDVIEW GOLD INC.

CNQ SYMBOL: GVGI

AND MILL CITY GOLD CORP.

JANUARY 21, 2005 - 16:36 ET

Joint Press Release: Grandview Gold/Mill City Gold
Amend Option Agreement.

TORONTO, ONTARIO--(CCNMatthews - Jan. 21, 2005) - GRANDVIEW GOLD INC.
("Grandview") (CNQ:GVGI) and MILL CITY GOLD CORP. ("Mill City") wish to
announce that the two companies have amended the option agreement (the
"Agreement") of July 27th, 2004. Grandview and Mill City have agreed to
revise the Agreement by removing Grandview's obligation to enter into a
Professional Geological Services Contract with Mill City and add that
Grandview will be responsible for all future underlying advance royalty
payments. The terms of the Agreement, as amended, will be contained in a
standard form of Option Agreement which the partners expect to complete
by the spring of 2005.



Grandview Gold Inc.
Suite 400, 56 Temperance Street
Toronto, ON, Canada, M5H 3V5


Mill City Gold Corp.
208, 1333 - 8th Street SW
Calgary, AB, Canada. T2R 1M6



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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Grandview Gold Inc.
    Ray Pecoskie
    President & CEO
    416 409 8245
    info@grandviewgold.com
    or
    Mill City Gold Corp.
    James R. Brown
    Chairman & President
    403 640 0110
    info@millcitygold.com