Grandview Gold Inc.
OTC Bulletin Board : GVGDF

Grandview Gold Inc.

May 12, 2008 14:01 ET

Grandview Gold Inc. Welcomes Veteran Capital Markets Executive Ken Hight to the Company's Board of Directors

TORONTO, ONTARIO--(Marketwire - May 12, 2008) - Grandview Gold Inc. (TSX:GVX)(OTCBB:GVGDF) ("Grandview" or the "Company") is extraordinarily pleased to announce that, Mr. Ken Hight, respected capital markets executive, has joined the Grandview Board of Directors.

The appointment of Mr. Hight to the Grandview Board of Directors is a key component of Company CEO & President Paul Sarjeant's plan to increase Grandview's profile at the highest levels possible and expand its circle of influence and exposure.

Mr. Hight is a well known venture capital market executive. He is intimately familiar with the needs of junior resource companies. During, but not limited to seven years spent with TD Securities where he served as Deputy Chair, responsible for Global Institutional Equities and as a member of the Executive Committee, Mr. Hight maintained a focus on and interest in the mining sector.

"Very recently we announced the appointment of Mr. Harold Wolkin, CFA, MAEcon to our board, and that appointment represented the first step in our plan to open the next level of doors for the company. We are very pleased that Mr. Hight has joined Mr. Wolkin on our board and appreciate the confidence he has in the intrinsic value of Grandview. I trust that our shareholders and the markets in general will share in that confidence," says Sarjeant.

About Mr. Ken Hight

Mr. Hight is known in the capital markets in North America and abroad for his 35 years experience, most recently as the CEO of Liquidnet Canada, a USA-based institutional marketplace.

From 2005 through early 2008, Mr. Hight served as Executive Vice President Capital Markets of E-Trade, New York, responsible for global equity trading and market making. He was responsible for the management of the Company's Institutional equity business, including market making, global institutional brokerage, electronic trading products (DMA), wholesale execution and the securities lending operations.

Prior to E-Trade Ken served as (founding) CEO and President of ITG Canada Inc, responsible for the implementation of competitive products and services, and charged with establishing the subsidiary in the Canadian market. Concurrently he was a member of the Executive Committee of Investment Technology Group, Inc. New York.

Before joining ITG, Mr. Hight spent seven years with TD Securities where he served as Deputy Chair, responsible for Global Institutional Equities and as a member of the Executive Committee. In addition, he held several senior management positions with TD Bank in Australia, Canada and the United States.

Since assuming the seat of CEO and President of Grandview 18 months ago, Paul Sarjeant, B.Sc, P.Geo has managed a period of re-structuring, including the fortification of their geological intelligence resource to what currently comprises more than 250 years and three generations of experience. The recent board-level additions of Mr. Wolkin and Mr. Hight are the result of an extended search for the right people with the right experience to help move the Company forward. "We embark on the 2008 exploration with renewed confidence that our human resources are as strong and valuable as those we have below ground," adds Sarjeant.

Also at this time, Mr. Sarjeant wishes to express his deep and heartfelt thanks and appreciation to Mr. Ian Grant, B.Econ.Fr, under whose wise and sophisticated counsel Grandview negotiated the often-times rocky junior resource company road. Mr. Grant is retiring his board position to make room for Mr. Hight, but will assume an active new role as the Company's Capital Markets Advisor. "We are truly grateful to Mr. Grant for his wisdom and selfless commitment to the company," says Sarjeant.

About the Company

Grandview Gold Inc is a gold exploration company focused on creating value for shareholders by applying advanced geology, geochemical and geophysical science to reduce exploration and development costs at numerous high-grade gold properties in major gold camps of North America.

This document may contain forward looking statements, relating to the Company's operations or the environment in which it operates, which are based on Grandview Gold Inc's operations, estimates, forecasts and projections. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict, and/or beyond Grandview Gold Inc's control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place undue reliance on such forward-looking statements. Grandview Gold Inc. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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