October 17, 2007 15:52 ET

eResearch Initiates Coverage on Grandview Gold Inc. With Speculative Buy Rating

TORONTO, ONTARIO--(Marketwire - Oct. 17, 2007) - eResearch analysts Nigel Heath, CFA and Bob Weir, CFA have written an Initiating Report on Grandview Gold Inc. (TSX:GVX). Grandview is a junior gold exploration company focused on exploration in two of the richest gold mining districts in North America - on the Carlin Trend, Nevada, and the Red Lake gold mining camp, Ontario. The Company also has properties at Rice Lake, Manitoba, where the geology is similar to Red Lake's.

Report Highlights:

- Grandview's real estate is located in the richest gold mining districts in North America.

- Active drilling programs have recently produced strong results at Red Lake and on the Carlin Trend. Further drill results are expected in the near term.

- A strong management and geological team with many years' experience. Technological expertise is highly advanced for a junior explorer.

- Existing gold Inferred Resource of 1.4 million ounces at the Pony Creek Property, on the Carlin Trend. Initial drill results of 2.18 g/t gold over 36.6 metres.

- Management's ownership interest is relatively low.

- Lack of market awareness of this relatively small gold explorer.

- Share price moved sharply higher in mid-September, following favourable drill results at Red Lake.

eResearch is initiating coverage of Grandview Gold with a Speculative Buy recommendation. The 12-month Target Price is $1.35, and the three-year Target Price is $3.00. The stock is recommended for higher-risk investors.

This press release was prepared by eResearch and was not vetted by Grandview Gold. Further, the Recommendation and Target Prices contained in this report are strictly those of eResearch and, due to securities laws, are not endorsed by Grandview Gold.

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