SOURCE: Grand Pacaraima Gold Corp.

August 01, 2006 08:31 ET

GPGD Confirms Sampling Results Announcement on Wednesday; Shares Structure Info

CARACAS, VENEZUELA -- (MARKET WIRE) -- August 1, 2006 -- Grand Pacaraima Gold Corp. (PINKSHEETS: GPGD) confirms that the core sampling report shall be released on Wednesday, August 2nd. Once the report is made available to the public, Grand Pacaraima plans to enter negotiations for full development of the properties located 8-12 kilometers NW of Icabaru, Venezuela.

Investor Relations specialists will be standing by to answer inquiries by shareholders.

Grand Pacaraima has only 10,073,382 shares in the float. Majority of the shares of the company are held by insiders and there has been absolutely no indication that any insiders wish to sell any of their shares.

Safe Harbor Forward-Looking Statements

This press release may contain certain statements that constitute forward-looking statements within the meaning of The Safe Harbor Provisions of the Private Securities Litigation Act of 1995. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend" and similar expressions are intended to identify forward-looking statements which are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's or writer's ability to control. Actual results may differ materially from those projected in the forward-looking statements as a result of various factors.

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