Greystar Resources Ltd.

Greystar Resources Ltd.

July 13, 2005 16:41 ET

Greystar Resources Ltd.: Block Listing on AIM

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 13, 2005) - Greystar Resources Ltd. (TSX:GSL)(AIM:GSL) -

Pursuant to the rules of AIM of the London Stock Exchange, the Company has applied for a block listing on the AIM of 434,236 common shares with no par value issuable under the Company's Amended and Restated Stock Option Plan. These shares have not been issued and there is no assurance that they will be issued.

Mr. Emil Morfett, a director of the Company, was granted an option on April 29, 2005 to purchase 150,000 shares of the Company at the exercise price of Cdn$4.10 each until April 29, 2010. On July 13, 2005, Mr. Morfett exercised a portion of his option to purchase 50,000 shares of the Company at the exercise price of Cdn$4.10.

No Stock Exchange has reviewed or accepts responsibility for the adequacy or accuracy of this news release.

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