SOURCE: Grenville Gold Corporation

April 18, 2007 08:15 ET

International Mine Developer to Conduct Due Diligence on Grenville Subsidiary Assets

VANCOUVER, BC -- (MARKET WIRE) -- April 18, 2007 --Grenville Gold Corporation ("Grenville" or "the Company") (TSX-V: GVG) (PINKSHEETS: GVLGF) is pleased to announce Solway Andes SAC, a subsidiary of the Solway Group (www.solwaygroup.com), plans to send three senior geologists to Peru for one month to conduct a site visit at the Silveria Project, review data from various Grenville projects and meet with Grenville project consultants, managers and geologists in order to complete its due diligence.

"It is the goal of Grenville to discover and develop high-grade deposits," stated A. Paul Gill, President & CEO, "Having our strategy of building shareholder value garner attention from a significant international player like Solway indicates we are on the right path."

Solway Andes S.A.C. is a South American subsidiary of Solway Management which is a sole and exclusive asset management company of Solway Investment Fund, a private equity investment fund specializing in worldwide strategic investments. Solway Investment Fund is owned by a small group of experienced international investors and employs over 8,000 people worldwide.

Solway Management's activities include exploring investment opportunities, raising funds for investment projects and adding value through effective asset management. Solway Management's main strategy is to increase the long-term value of the companies controlled by the Fund by taking a pro-active role in their development and entering into mutually advantageous partnering with other investors. Solway Management's primary goal is to achieve high rates of return on capital invested by the Fund in the long term.

In the past, Solway Management's pro-active role has included anything from being a private investor to running mining operations. Solway has mines primarily in Eastern Europe. The main mining related activities of Solway's Mining division are:

--  production of nickel ferroalloys;
--  zinc, lead and copper ore extraction and processing;
--  diamond mining;
--  gold mining.
    
There are no assurances that Solway will make any investments or commitments in or to Grenville or that the due diligence with result in any sort of relationship.

About Grenville Gold Corporation

Grenville Gold (www.grenvillegold.com) is a junior resource company seeking prospective properties in Peru and Ecuador. The company has three subsidiaries: Inversiones Mineras Alexander S.A.C. in Peru, Minera MineGreville S.A. in Ecuador and Parkman Diamond Corp. in Ontario, Canada. 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,

"A. Paul Gill"
 President & CEO
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.

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