Grayd Resource Corporation

Grayd Resource Corporation

March 13, 2007 11:56 ET

Grayd Appoints Chief Geologist

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 13, 2007) - Grayd Resource Corporation (TSX VENTURE:GYD) is pleased to announce that Dr. Anthony Longo has joined the Company as Chief Geologist. He brings 26 years of geological and exploration experience with an impressive discovery record. Dr. Longo directed exploration efforts at Grayd's La India project on behalf of Newmont Mining Corporation when it optioned the property in 2005 and 2006. He will be a tremendous asset to the Grayd team, and begins work on a consulting basis to assist in defining an oxide gold resource at La India.

Dr. Longo recently retired from Newmont Mining Corporation with an extensive background in a variety of geological environments. In his 12 years with Newmont, he explored and evaluated projects throughout North and South America as well as Asia. During that time, he and his team of geologists delineated over 9 million ounces of gold resource. In addition, he worked as an exploration geologist for Pegasus Gold, Noranda, FMC, and Miramar's Northern Orion. This work spanned 12 years of property evaluations and exploration in Nevada, Alaska, Oregon, and Idaho; and 2 years in Argentina.

His Ph.D. dissertation investigated the evolution of volcanism and hydrothermal activity in the Yanacocha mining district of northern Peru; the largest group of high-sulphidation style epithermal gold deposits in the world. Currently, he is conducting research on Carlin-style gold deposits.

Marc Prefontaine, CEO of Grayd, states: "We are very fortunate to have attracted a geologist of such a high calibre as Dr. Longo. His expertise and practical approach in mineral exploration, especially high-sulphidation systems, will really enhance our exploration efforts at La India. His vast experience assessing gold projects world wide will help us in our efforts to generate new projects for Grayd."

Grayd Resource Corporation 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 expression 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