Greystar Resources Ltd.

Greystar Resources Ltd.

April 15, 2011 02:00 ET

Greystar Resources Announces the Retirement of Frederick Felder, Executive Vice President

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 15, 2011) - Greystar Resources Ltd. (TSX:GSL)(AIM:GSL) (the "Company") announces that Frederick Felder, Executive Vice President has retired from the Company effective March 31st, 2011. He has been with the Company since 1999 and has been the driving force of the exploration effort in Colombia, guiding the Angostura Project through the study and exploration phase of its development.

"Frederick played an important role in developing the Company's position in Colombia as one of the most significant gold exploration companies in the country and one that has been recognized not only for the high quality of the exploration program, but also for its commitment to environmental and social responsibility. We express our sincere gratitude to Frederick for his many important contributions to the Company and wish him well on his return to Vancouver. I am pleased that he will continue to provide us with his understanding of the resource as a consultant on exploration as we reconfigure the Angostura Project," said Steve Kesler, President and Chief Executive Officer of Greystar Resources.

About Greystar Resources Ltd.

Greystar Resources is a precious metals exploration and development company that owns the multi-million ounce Angostura gold-silver project in north-eastern Colombia. Following permitting difficulties associated with its original open pit/heap leach proposition, the company is currently working on completing its NI-43-101 resource calculation in advance of a pre-feasibility study to examine the viability of an underground operation.

Neither the Toronto Stock Exchange nor the AIM Market of the London Stock Exchange has reviewed and neither accepts responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Greystar Resources Ltd.
    Victoria Vargas
    Vice President Investor Relations & Corporate Communications
    +1 (416) 572 2139 or +1 (289) 242 3599

    4C Communications
    Carina Corbett
    Investor Relations Contact
    +44 (0) 20 3170 7973

    Evolution Securities
    Romil Patel / Andrew Dacey
    London NOMAD Contacts
    +44 207 0714300

    Ocean Equities
    Guy Wilkes
    +44 (0) 20 7786 4370