Garrison International Ltd.

Garrison International Ltd.

October 15, 2010 16:30 ET

Garrison Announces Proposed Share Consolidation

TORONTO, ONTARIO--(Marketwire - Oct. 15, 2010) - Garrison International Ltd. (TSX VENTURE:GAU) ("Garrison") announces that a consolidation of its common shares will be proposed to its shareholders at the upcoming annual and special meeting of shareholders scheduled to be held on November 9, 2010. Garrison currently has 100,437,769 common shares outstanding. Garrison believes that the completion of a share consolidation would facilitate future financings by Garrison, as these would be accomplished through the issuance of additional common shares of Garrison.

Garrison proposes to consolidate its common shares such that one (1) new common share would be issued for every ten (10) common shares outstanding on the effective date of the consolidation, or such lower number of common shares as may be determined by the directors of Garrison and as may be required to obtain approval of the share consolidation from the TSX Venture Exchange. If the share consolidation is completed on a ten (10) to one (1) basis, Garrison would have approximately 10,043,776 common shares outstanding, post-consolidation.

The proposed share consolidation is subject to the approval, by special resolution, of the shareholders of Garrison and to the approval of the TSX Venture Exchange.

About Garrison

Garrison is a junior mineral exploration company focused on acquiring and developing advanced stage gold properties in Mongolia. For complete details on Garrison International Ltd. and its partners, management encourages investors and interested parties to view its public documents filed on SEDAR at


No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. All statements in this news release, other than statements of historical fact, are forward-looking statements that involve various risks and uncertainties, including, without limitation, statements regarding the future plans and objectives of Garrison International Ltd. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Garrison International Ltd. assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change.

Shares Outstanding - 100,437,769

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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