Grandview Gold Inc.
OTC Bulletin Board : GVGDF

Grandview Gold Inc.

June 06, 2007 16:00 ET

Grandview Gold Sends Award-Winning Exploration Team Into Emerging Rice Lake Gold District

TORONTO, ONTARIO--(Marketwire - June 6, 2007) - Grandview Gold Inc. (TSX:GVX)(OTCBB:GVGDF) ("Grandview" or the "Company") Grandview is very pleased to report that the Company has grown its blue chip Manitoba exploration group by securing the prospecting consulting services of the award-winning A.S.K. Prospecting and Guiding Team ("ASK"). ASK is contributing to the comprehensive exploration of Grandview's Rice Lake Gold District properties which commenced this past week in Manitoba.

Grandview is targeting undiscovered potential in the Rice Lake greenstone belt, across the border from Ontario's 10 million ounce gold Red Lake Gold Camp. While vastly under-explored, Grandview believes Rice Lake demonstrates potential to become the next Red Lake as it shares many geological features. The Bissett Gold Camp, located on the Rice Lake greenstone belt is one of the top producing gold areas in Canada, and with a historic production of over 1.7 million ounces is indicative of the region's mineral riches.

Grandview has 100% interest in five claims covering 79 hectares in close proximity to the Bissett Mine, all with known gold mineralization. The Company has 100% interest in the 283 acre Angelina property, and the 2,824 hectare Banksian property. Angelina is located 24 kilometres southeast of the town of Bissett and 100 kilometres west of Ontario's Red Lake District. Banksian is located 45 kilometres southeast of Rice Lake.

At the eastern edge of the Rice Lake greenstone belt, Grandview holds 100% interest in 20 claims covering a 3,975 hectare area, plus has an option to earn a 60% interest in the 1,594 hectare Gem Project from Marum Resources Inc.. Also in Manitoba, the Company has a right to earn 70% interest in the 1,120 hectare Rocky Ridge gold property in the historic Lac du Bonnet Mining District.

Grandview has completed airborne geophysical surveys and, with the expert assistance of ASK will target geophysical anomalies, structural and mineralized zones throughout our Rice Lake project areas. "Our goal this season it to leverage our highly motivated and efficient exploration team to gain as much geological data as possible with a view to develop near future drill targets on several Rice Lake properties," says Grandview President and CEO Paul Sarjeant.
ASK is the famous Newfoundland company presently headed by Kevin Keats, grandson of its founders, and fourth-generation prospector.

ASK won the Prospector of the Year Award presented by the Prospectors and Developers Association of Canada. Keats Grandsons and great grandsons, under the direction of Kevin, are all actively involved in prospecting.

Ted Keats, Kevin's father, was involved in the discovery of the Point Leamington, Burnt Pond and Tally Pond base metal discoveries. Sons Al, Calvin, Fred, and Suley followed in their father's footsteps. Al worked with his father on the Point Leamington and Tally Pond deposits and was also responsible for the discovery of the Winter Hill and Boundary deposits and mineralized boulders in the vicinity of the Duck Pond deposit. Calvin has worked all over the world, discovering South Golden Promise and numerous uranium showings in Labrador. Fred discovered a 36-ounce/ton visible-gold boulder on the Appleton Linear for Noranda (now optioned to Paragon). Suley discovered the Beaver Brook base metal deposit with Calvin and has been looking for uranium in Labrador.

Grandview 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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