SOURCE: Grenville Gold Corporation

April 11, 2007 09:30 ET

Grenville Gold Reviews Land Acquisition and Development Procedure in Peru for Shareholders

VANCOUVER, BC -- (MARKET WIRE) -- April 11, 2007 -- Grenville Gold Corporation ("Grenville" or "the Company") (TSX-V: GVG) (PINKSHEETS: GVLGF) has received questions in the recent weeks regarding the staking of land and the granting of ownership in Peru. For the information of shareholders, investors, partners and others, Grenville provides the following commentary on staking.

Mining concessions must be registered at the Instito Nacional de Concesiones y Catastro Minero ("INACC"). INACC is the Peruvian agency that manages the mineral rights of the Country. All concessions must be registered at INACC. The owner of a concession registered at INACC is the legal owner of this concession. Concession boundaries are specified on the application by indicating the locations of the corners of the concessions. Coordinates must be specified to the nearest one thousand (1,000) metres UTM coordinate and boundaries must be orientated north-south and east-west. Concessions awarded before 1992 can have irregular coordinates. These concessions have specific corners that were legally surveyed in the field and must be registered at INACC.

"Most of the mineral concessions in the Silveria area were granted pre-1992," stated A. Paul Gill, President & CEO. "Therefore, Grenville's Peruvian team, headed by Jose Rodriguez, Manager of Land Acquisition for Inversiones Mineras Alexander S.A.C. ("IMA"), has been painstakingly identifying and plotting and has registered at INACC a total of 1647 Ha of mineral concessions comprised of 180 separately staked claims in the area to date.

"These individual transactions do not constitute a material change in the overall acquisition, but the addition of each concession adds to the total holdings in the heart of the Silveria land package. Grenville is very confident that its team is using the correct procedure to acquire and register its title to the concessions. Needless to say, we are hard at work creating value for shareholders."

Grenville has recently received updates regarding meetings held with the local community regarding development and site access. Grenville plans to continue updating shareholders as soon as further information becomes available.

About Grenville Gold Corporation

Grenville (www.grenvillegold.com) is a junior resource company seeking prospective properties in Peru and Ecuador. The Company has three subsidiaries: Inversiones Mineras Alexander S.A.C. in Peru, Minera MineGreville S.A. in Ecuador and Parkman Diamond Corp. in Ontario, Canada. Grenville plans to leverage the experience of its Board and Management in exploration and mining to develop its growth strategy in North and South America. For further information contact 604-669-8842 or info@grenvillegold.com.

On behalf of the Board of Directors,

"A. Paul Gill"
President & CEO
Ph. 604-669-8842
info@grenvillegold.com
The TSX-Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX Venture Exchange, the British Columbia Securities Commission, the Ontario Securities Commission, and the Alberta Securities Commission. We seek safe harbour.

Contact Information

  • Contact:
    A. Paul Gill
    President & CEO
    Ph. 604-669-8842
    Email Contact