SOURCE: Grenville Gold Corporation

August 31, 2007 09:15 ET

Grenville Receives Blasting Permit for Mine & Road Rehabilitation & Construction

VANCOUVER, BC--(Marketwire - August 31, 2007) - Grenville Gold Corporation ("Grenville" or "the Company") (TSX-V: GVG) (PINKSHEETS: GVLGF) (FRANKFURT: F9I) (ISIN CA 3977181070/WKN: A0KELU) announces the company has received a blasting permit for use in the District of San Mateo, Province of Huarichiri in the Department of Lima.

Grenville plans to clear and rehabilitate several mine portals associated with the Alianza vein and the Reserva vein. The process of clearing these portals will produce mineralized rock which will be stored for transportation and milling in the future. Although no feasibility study has been commissioned on the property, it is important for the safety of geologists and workers in the mine to clear any potential rock fall and waste rock backfill in order to perform underground exploration and channel sampling.

Grenville will also commence road improvements with the intent to increase the capacity of current roads allowing a larger operation to exist in the area. Previous to the recent earthquake in Peru, Grenville had closed access to the road that runs through the Silveria property because loose rocks destroyed a portion of road that led to properties over a high ridge that surrounds Lake Pacococha. Access to the properties over the ridge is impossible at this time; however, this in no way hampers Grenville's current plans and the exploration team has an extensive area to explore in other areas of the 2797 Ha property while roads are being repaired.

About Grenville Gold Corporation

Grenville Gold (www.grenvillegoldcorp.com) is a junior resource company seeking prospective properties in Peru and Ecuador. The company has three subsidiaries: 90% owned Inversiones Mineras Alexander S.A.C. in Peru which owns the Silveria Property, Espanola Property and the Chorobal Property, Minera MineGreville S.A. in Ecuador which has an option to acquire the La Tigrera Project, and Parkman Diamond Corp. in Ontario, Canada which owns the Parkman Diamond Prospect. Grenville Gold plans to leverage the experience of its Board and Management in exploration and mining to develop its growth strategy in North and South America.

On behalf of the Board of Directors,

"Tom Thomsen"
Investor Relations

Ph. 604-669-8842
info@grenvillegold.com

We Seek Safe Harbour

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.

Contact Information

  • Contact:
    Tom Thomsen
    Investor Relations
    Ph. 604-669-8842
    Email Contact