Greystar Resources Ltd.
LSE : GSL

April 15, 2011 02:00 ET

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

FOR: GREYSTAR RESOURCES LTD.

TSX, AIM SYMBOL: GSL

April 15, 2011

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.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Greystar Resources Ltd.

Victoria Vargas

Vice President Investor Relations & Corporate Communications

+1 (416) 572 2139 or +1 (289) 242 3599

ir@greystarresources.com

www.greystarresources.com

OR

4C Communications

Carina Corbett

Investor Relations Contact

+44 (0) 20 3170 7973

corbett@4ccommunications.com

OR

Evolution Securities

Romil Patel / Andrew Dacey

London NOMAD Contacts

+44 207 0714300

OR

Ocean Equities

Guy Wilkes

Broker

+44 (0) 20 7786 4370

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.

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