Greystar Resources Ltd.
TSX : GSL
AIM : GSL

Greystar Resources Ltd.

May 22, 2009 16:42 ET

Greystar Resources Ltd.: Director Dealing-Grant of Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 22, 2009) -

NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Greystar Resources Ltd. (TSX:GSL)(AIM:GSL) (the "Company") advises that following the annual general meeting of shareholders held on the May 8, 2009, the Board of Directors has passed a resolution to annually grant stock options to the directors, officers and employees of the Company. Effective May 18, 2009, the Company granted options to purchase up to 615,000 common shares to the employees of the Company in Colombia and North America. The following stock options have also been granted to the Directors of the Company: David B. Rovig as to 300,000 shares and Brian E. Bayley, Emil Morfett, Geoff Chater and German del Corral as to 100,000 shares each. The options are exercisable at the exercise price of Cdn$3.60 per common share for a term of five years expiring on May 18, 2014.

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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