Grayd Resource Corporation

Grayd Resource Corporation

May 11, 2009 17:52 ET

Grayd Appoints Brad Blacketor to its Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 11, 2009) - Grayd Resource Corporation (TSX VENTURE:GYD) is pleased to announce the appointment of Bradley J. Blacketor to its Board of Directors. Mr. Blacketor is a Certified Public Accountant with over 17 years experience in the mining industry.

During the past 12 years, Mr. Blacketor has served as Vice-President, Chief Financial Officer and Secretary of Metallica Resources Inc., a company listed for trading on Amex and the TSX. Previous to Metallica, Mr. Blacketor served as Chief Financial Officer of MinCorp Ltd., and held senior management positions with Pincock, Allen & Holt, Inc. and Touche, Ross & Co. Mr. Blacketor holds a Bachelors Degree in Business Administration from Indiana University and a Masters Degree in Business Administration from Colorado State University.

Grayd has granted Mr. Blacketor options to purchase up to a total of 300,000 common shares in the capital of the Company at price of $0.30 per share. The options are subject to certain vesting provisions.

Mr. Blacketor succeeds Sandra M. Lim who resigned from the Board to pursue other business opportunities. Marc Prefontaine, President and CEO said, "On behalf of the Board of Directors, I would like to thank Sandra for her valuable contributions to the growth of our Company. Sandra has been an extremely important member of the Board, and we extend our continued good wishes to Sandra."

Grayd Resource is a growth-oriented junior natural resource company focused primarily on exploring and developing a large land position in Mexico which is highly prospective for gold and silver mineralization. The Company's Officers and Directors are very experienced in all aspects of mineral exploration, development and production and have been involved with several successful mining projects over the past 20 years.

The information in this news release may contain forward-looking statements. When used in this release, words such as "estimate", "expect", "anticipate" and "believe" as well as similar expressions are intended to identify forward-looking statements. Such statements are used to describe management's future plans, objects, and goals for the Company and therefore involve inherent risks and uncertainties. The reader is cautioned that actual results, performance or achievements may be materially different from those implied or expressed in such statements, which speak only as of the date the statements were made. The Company does not update forward-looking statements continually as conditions change.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

Contact Information

  • Grayd Resource Corporation
    Marc A. Prefontaine
    President and CEO
    (604) 681-7446
    (604) 684-9877 (FAX)
    Freeform Communications Inc.
    (604) 288-7222