Grayd Resource Corporation
TSX VENTURE : GYD
OTCQX : GYDRF

Grayd Resource Corporation

May 31, 2011 07:00 ET

Grayd Joins the OTCQX International Market in the U.S.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 31, 2011) - Grayd Resource Corporation (TSX VENTURE:GYD)(OTCQX:GYDRF) ("Grayd") or ("the Company") announces that it is now trading on the OTC Market's highest tier "OTCQX International" under the symbol "GYDRF". OTC Markets Group Inc. is a leading financial information and technology services company that provides the world's largest electronic inter-dealer quotation system, trading technology and financial information provider for over-the-counter (OTC) securities in the United States. Investors can find current financial disclosure and real-time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.

As an OTCQX company, Grayd is expected to benefit from being associated with the top segment of the United States OTC Market, bringing broader visibility to U.S. investors. Grayd joins numerous large and well known international mining companies who have also elected to access the U.S. markets using this platform.

Berenbaum Weinshienk PC will serve as Grayd's Principal American Liaison ("PAL") on the OTCQX, responsible for providing guidance on OTCQX requirements and compliance with U.S. securities laws.

Grayd President and CEO, Marc Prefontaine stated; "The OTCQX offers Grayd an excellent platform to satisfy the many requests by our U.S. shareholders and potential investors who have asked the company to trade its shares in the United States. We are looking forward to our new U.S. presence bringing extra attention and liquidity to Grayd as we continue to advance our exciting Tarachi Gold Porphyry Project and move our La India Resource towards production in 2013."

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX:OTCM) operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. Our OTC Link platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities. In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity trading venue after NASDAQ and the New York Stock Exchange. We categorize the wide spectrum of OTC-traded companies into three tiers - OTCQX (the quality-controlled marketplace for investor friendly companies), OTCQB® (the U.S. reporting company marketplace for development stage companies), and OTC Pink (the speculative trading marketplace) - so investors can identify the level and quality of information companies provide. To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.

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

    Grayd Resource Corporation
    Daniel G. McIntyre
    Manager Corporate Communications
    604-681-7446
    604-608-5372 (FAX)
    www.grayd.com